Bitcoin prices plunged from $4900 to $3300 withing pan of few days. Now some news-points from bitcoin world are claiming this price plunge was planned. Check following links:
Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?
it is unlikely that the price of Bitcoin will return to $ 4k - $ 5k,
if you are wondering if it is currently the best time to buy Bitcoin I should say yes,
because we know the price of Bitcoin every year will be higher ..
First I dont think so that the price will come down to $4000. As per my experience the price will come down to $5000 not less than this and it will be a good chance for buyer to buy bitcoin in the price of $5000 and after a week time they will enjoy their bitcoin with a value of $6500. I am planning to buy bitcoin when the value comes down to $5000. I will not wait more for buying if it touches my predicted price of bitcoin.