Was this the last chance to BUY before the price spikes?
It looks like Cryptocurrency markets are recovering
It finally looks like bitcoin is coming back!
Bitcoin has been falling for almost a week now. But Today it finnaly look like its recovering. The market recovery comes in the wake of a major dip at the end of last week that was followed by several days of volatility. Just last week the cryptocurrency market was awash in red. However, Bitcoin has a long way to fully recover its pre-dip heights...
Bitcoin(BTC) is a Nuber 1, distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars or euro, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Therefore, it is more resistant to wild inflation and corrupt banks. With BTC, you can be your own bank.
Not all people think the same way.
Many people beleive that its going down now due bad South Korea and US news. There are lots of people that think bitcoin is a bubble, and that's predicted on the concept that bitcoin has no value. But I think there's reason to believe that that just isn't true..
If you look at the lifetime growth of Bitcoin, it should be worth $1,000 to $2,000 USD. The lifetime tangent is offset by the "bubble" that began in late May of 2017, so the numbers have to be adjusted to either account for a "parabolic" curve or for a new tangent with deviations.
The Spike to $20,000 was a significant deviation driven by emotional investing and a flood of new interest into the Bitcoin market. Since Bitcoin is still not well understood, the natural market correction brings Bitcoin down to the $10,000 range. As it stands currently, Bitcoin is a good investment at $10,000 and an excellent investment at $8,000 or less.
That said, Bitcoin is an unregulated asset with no real value other than it's agreed on price so it could crash or soar at the drop of a hat.
Well if it is an exellent investment at $10k then that mean you beleive that its going to go much higher :)