Hello All,
Quite new to the crypto game and just wanted your thoughts on this, I'm considering buying bitcoin when the price hits its low aftet the recent news from China.
My question is how low do people think it will drop too? How confident are people that it will recover?
Looking at what happened in Sep-17 it went low but then rapidly increased do you think this will happen again.
https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/A significant amount of users in the forum believe the price is going to recover what we do not know is when that is going to happen but it will, bitcoin is just a very volatile asset that can be manipulated by big investors, the only thing you need to do is to hold despite the circumstances however this can be hard if you do not have some understanding of the technology, so I recommend that you read more deeply about how bitcoin works and you will get more confidence to keep holding.