Bitcoin price drop - A chance for future!
Hey Steemers.
We all want to raise out Steem power, for some people it's their main goal here.
So right now, I would say is the right time to invest. The price for BTC has dropped to 550$ per BTC. Meaning, you can buy now, and later when the price increases (which will happen) you can just sell it, or buy Steem with it.
The calculations are very simple for that. But the best plan would be buying some amount of BTC, and store it in the wallet till the price increases. That is because, mostly all coins are backed with BTC, so they are traded for BTC. If the price of the bitcoin drops, the price of the coin increases in BTC, but vs dollars it's still the same (or lower, since it could crash some markets)
So by buying now you can get more BTC for your money, and when the price increases for BTC, prices of coins will drop in BTC, and buy then. I would call this: playing with the market.
Very good blog. Interesting to see I'm not the only one that is thinking about this. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. Personally I always use: https://www.coincheckup.com This site did all the research for you. It's truly amazing. Check: https://www.coincheckup.com/coins/Bitcoin#analysis To check Bitcoin Report.