I will like to know the reason why after bitcoin reached the maximum value this month it has been decreasing on a daily basis just at the time i wanted to invest the uptrend just changed suddenly. is there any hope of further increasing as some has speculated that it will reach $5000 by the end of this year?
The price was negatively affected because people were panicking over the whole situation that was unfolding back in China. Now that the panic has stopped, panic dumping has stopped and people have turned to buying and pushing bitcoin price up once again.
Anyways, this is a classic example of 'buy the dip'.
If you bought the dip when everyone else was panic selling, you'd be sitting on at least $500 profit per bitcoin you bought.