Hi all,
You can see, the bitcoin price is going down day by day. And now It is about 8k7.
Do you think It is the best time to buy or the price is still going down?
And Could you share your opinion about BTC in 2018?
For me : What Goes Down Must Come Up
And In 2018. The bitcoin price is about $50k
Thank you and have a nice day in a storm:))
The price may not be $50k in 2018. At this point, all the bullish optimism seems to be gone. But buying low is definitely a good strategy to follow, and since price has already dropped down below to around 40% of ATH, there is really nothing to lose by buying now.
This also may not be the real bottom, but it is right now very close to the real bottom. We're already in 4 digits and the bottom is going to be in the high 4 digits as well.
Never buy on a down trend. Best option is wait and see.
Right. The fall is huge and the volumes are not so high, so the decline may continue. While I am still optimistic in the long term (years), I fear we may enter another long "cypto winter" now and that there will be plenty of opportunities to buy at even lower prices.
I agree with you. Crypto winter is very likely, but before that I foresee another pump or two. And without saying, after that "crypto winter", there will probably be another parabolic rise and all coins will get hyped again.