Today is NOT the right time to buy Bitcoin. As Bitcoin will continue to become bearish. Soon We can see it under $3k. What we can do now is to SELL it.and rebuy it from the bottom.
After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
so far that's the best thing we can do for now. as what he said was right, we already knew that some people would actually panic sell when this news about forks and segwits and lots of issues related will happen.
Panic selling will end if the investors can control their nerves and take decision seriously, panic selling gives loss to investor as well as to the bitcoin because prices get to the down due to panic sellers, newbies are the most of the panic sellers who take serious to the rumors are the victims of the loss and then they start blaming bitcoin but all the wrong things are done by them.
Panic selling is never going to end maybe a few persons will be able to avoid it most of the time but most people tend to follow their emotions, while many people think about panic selling there is also panic buying, many people are probably buying bitcoin right now thinking that if they do not, they are going to miss in the profits, maybe they are right but they are buying it by impulse and not by analyzing the markets and taking the best decision available.