Re: Bitcoins rise after the bubble

Quote from: Mandoy on June 23, 2017, 08:40:16 AM

****10****

http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern

We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.

http://www.businessinsider.com/bitcoin-price-taking-off-after-one-of-chinas-biggest-exchanges-resumes-withdrawals-2017-6

But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.

Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.

Panic selling is the worst thing that you can do with your bitcoin investment.

This is really a newbie mistake. If you are even just a tad experienced with bitcoin you'll know that when everyone else is dumping, you buy. But don't buy in all your coins at once, buy it in sections. For example, set yourself a target of buying 1 BTC a day no matter what the price is for 10 days when the price is crashing.

I wouldn't be surprised though that if there were more to come. I'd say that btc will settle at around $2200 eventually after all the adjustments. I just don't think that we will see a sub-$2000 bitcoin price for a long while, possibly in 1-2 years.