Why You Should Think About Investing In Bitcoin Again

As US stock market fell under pressure last month, Bitcoin is to hold support above 6000$ and asks the question of either it is now best time to invest in their cryptocurrency or not.

Dow Jones Industrial Avg was down to 8% from its previous all-time high recently but it's down by 5%. As far as Bitcoin is considered it's still holding at $6,400.

To understand why we are not ceasing to resist to the $4,500 region then dominance of Bitcoin through market cap must be observed.According to coinmarketcap bitcoin's 50% dominance stands. It’s almost touching the 60%.

Correlation between Bitcoin dominance and altcoins also must be observed. There are several altcoins which are down 85% recently. This is another factor to rise of market cap dominance of Bitcoin with altcoins till the actual selling off and many of them are below the ICO price. Investors are deciding to use do-nothing strategy that their coins' worth will be still of profit.

Although we should buy low & sell high but it is still problem if this saying will apply to trade in cryptocurrencies. If traders found altcoins powerful in October, at 85% discount mostly, not only is there a divergence between altcoins and Bitcoins but
we must look at difference there is between price of digital assets and fundamental assets.