Bitcoin hit an intermediate-term bottom during the SEC and CFTC hearing. If youre new to cryptocurrencies, the volatility can be unnerving. But keep in mind its normal as the industry goes. This was the 13th decline of 30% or more in the last five years.
Now is a great time to buy bitcoin. Its trading close to its 200-day moving average, which has historically been a good buy point.
We are in the digital age and cryptocurrencies are the new best thing to invest in. Yes the price is very volatile because it still relatively new and people are still jumpy when any news comes out. Is bitcoin a good idea... YES it is