Re: Is now a good time to buy and store Bitcoin?

It could be. We never know when price will rise, we never know when it will fall. With the 'hacks' like the Bitfinex one from a few days ago, I'd say THIS is the perfect moment to buy a lot of BTC, because it will recover soon and that means just profit. People will believe again in it, we have to wait some time until their fear will be gone.

Price will rise at the end of the year, and the current price drop will not have any major impact on the mindsets of the people, in fact people will prefer to buy at this stage.

120 k bitcoin will not be used for sometime. So that is a kind of holding. It could reduce the number of coins in circulation.

Honestly we dont still know if the hacker sold all bitcoins in his pocket.. its still risky to buy huge amount but i think they are also waiting for the price increase

Do not worry about the future, price will be definitely higher in future so concentrate at a moment in buying as many coins as possible to generate higher profits in future.

That is right. The bitcoin price has risen more than 100 times since 5 years ago. I think it will also rise 100 times in the next 5 years.