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RE: Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

in #money7 years ago

Bitcoin and many of the other block chain currencies have all the fundamentals going for them, but like any other investment it never goes straight up on the charts. Every currency, stock or commodity that has seen a rapid growth or appreciation will ultimately 'pull back' to the statistical mean - an average price at fair value. It is at this price that buyers will be waiting to buy some more at discounted prices. I would suggest people look at the technical price formation on a chart to find good value spots to get into the market - it always pays to get in at a lower price. NEVER buy at the top.

Like I said Bitcoin and the other digital currencies have a lot going for them and the true fundamental reasons are there to form a base for their success as 'the peoples money'. Many great minds have expressed their opinion on Bitcoin - I have an article on it here for those interested: https://steemit.com/bitcoin/@nzfxtrader/what-famous-people-are-saying-about-bitcoin

Great post, up-voted! Cheers ...

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