Why is bitcoin going down? Is It Time To Buy? Or Short Term Trade?
Bitcoin prices are dropping today amid a price manipulation scandal.
The cryptocurrency fell more than 1 percent today to trade at $7,539, as of 6.30pm
BTC took a hit with news the US Justice Department would be launching a criminal investigation probe into price manipulation.
The cryptocurrency market has lived under the shadow of regulation since its inception, but the latest development could force the market closer to regulation.
The rest of the market seems to be fairing well against BTC, with Ethereum trading at $588. Ripple rose 4.79 percent to trade at $0.625, while Litecoin rose to trade at $122.
With all this going on it hasn’t scared me at all I am still buying Bitcoin at a very steady rate and other altcoins, I have also learned how to short term trade and make small profits
I believe in blockchain technology that is why I haven’t quit, I just look at all this as PRIME BUYING TIME !
Feel free to share your thoughts !
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