Post
Topic
Board Trading Discussion
Re: Is It Time To Buy Bitcoin? The answer will surprise you
by
melfwaz
on 15/09/2018, 12:39:38 UTC
The question on everyone's mind is when does this bear market end? First you have to understand what is actually causing this move and it is not the bitcoin futures market or whales. It is the USD.


There is no way the current bearish market is due to the USD. I find it hard to believe this. On the other hand, people are still making profits out of the bearish market, the recent fall from $7000 dollars to $6460, is an indication of an active market where buying and selling are taking place.
Fall in value does not mean that US dollar is increasing in value or something other happening with it have no affect here on the Bitcoin. The major factor is the supply and demand of Bitcoin which is the real cause for its price increase and decrease. So the current market is running in its low price and we have the opportunity to buy more in numbers will be in benefit.