No, i don't think it is the right time to buy the bitcoin because there is panic selling going on over the different parts of the world specially india where the rumours are spreading that they are going to ban the bitcoin and because of that I can see it is better to wait for some strong confirmation of strength in the charts and then we will go for buying the bitcoin in big quantity and till than you should not consider for buying the bitcoin.

I think this fall was all just because the mainstream media is playing a major role in spreading the Misinterpreting bitcoin regulation again all over the world and this time it's the Indian country which is acting to take some serious steps against the bitcoin holders and traders. And by this way, the rumours of banning the Bitcoin in India is spreading like fire which is creating a panic selling all over the world as India is a major contributor in the Bitcoin market with a total annual trade volume of almost 20 BILLION USD and that's why it's going to affect the bitcoin prices for sure . Even one of India's popular trading exchange ZEBPAY has reported that it has over 1.5 Million users who are actively trading here in the market and almost 200,000 new users are adding to this list at every month.