Quote from: rafi035 on May 29, 2018, 07:36:27 PM

Quote from: blizzard31 on May 29, 2018, 10:39:45 AM

according to the news at CNBC here is why:
the coin has seen better days. After surging last December to around $19,500, bitcoin has declined more than 50 percent since the start of the year. On Thursday, amid increased regulatory scrutiny in the cryptocurrency space, the coin fell yet again this time below $8,000, where bitcoin had hovered for several weeks. Late Friday, bitcoin changed hands around $7,400.

Regardless, Bogart(a partner at blockchain capital) said it's still a buy. In fact, he said it's the only coin traders should be buying as the coin becomes more mainstream.

Many of the other forms of cryptocurrency, Bogart said, are "over-promising and under-delivering. Meanwhile you have a few that are kind of excelling at their use cases. Bitcoin being one of them." Bogart recommended selling coins like Cardano, TRON, IOTA and NEO.

"A lot of those tokens are overvalued," Bogart said. "They could be go up significantly, but they also have significant headwind." Alternatives like ethereum, ripple, bitcoin cash and EOS, however, he described as "neutral" and he told investors to hold for now.

what are your insights why does bitcoin still a buy in spite of all the losses?

keep buying I think investors still have a high interest in confidence and trust in the bitcoin investment it is worthwhile

Bitcoin is still worth buying for, the price shows some recovery but this might be in short term we can still see some dump but don't worry the market is healthy and bitcoin can go high this year. A lot of big investors are still coming, and the big companies are slowly adopting the system. The future will be good for you if you believe on bitcoin, keep on buying when everyone is afraid.