Hey Guys.....
According to the Cryptocurrency News Site (Coindesk):
Bitcoin's price has fallen 15 percent from its recent all-time high, dropping by more than $1,800 since the start of the day.
So, Anyone suggests me this is Right time for Investment or Not?
I would still not say this is a great opportunity to get in. Last year it went up fast without any fundamental for it. Still a bit of room to go down.
The prices are already corrected and to me it seems a good buying opportunity if you want to invest in btc for this year. Coming time we will again see some spike happening in btc with some good news happening worldwide. Also we will have a more investor from this week as they will be back from their holidays so the demand is tend to go up.
The price has corrected its self several times already. So I think this is the correct price for bitcoin. Not those we can seen in the first or second week of December where the price is being pumped real hard. No one should complain about what is the current price. And I would tend to agree that is a perfect buying time, how many times we like to see bitcoin going down so that we can buy it cheap. At 13K a pop, for me its a good price to get your hands on bitcoin today.
A 15% down is somewhat put some to be worry and disappointed, but that's the nature of the market. We will not see a stable price and it will not go on a parabolic like. Sometimes a healthy correction is needed, so that we can go further.