Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
The incident is a natural and common occurrence of cryptocurrency. It also happens to Bitcoin, this is what causes that Bitcoin is an investment that has a very high fluctuation rate. But behind it all actually we are given a very good chance, when we can take advantage of the conditions when the price increases and when prices decline then we will be able to get a profit margin. Believe each condition will definitely have its positive value. Believe me and do not worry because we all believe that the price of Bitcoin will increase and much better than before. We must be a part of success and that is the thing most awaited by us all.