Very few of us have seen first rise and nose-dive of bitcoin. Then came the tremendous growth report of bitcoin which forced the world to take bitcoin and alt-coin seriously. This tremendous growth soon started to get correctly. That is from 16000 USD to ~6200 USD correction has happened so far. As as of now the prices have remained stable about 6000 USD.
Do you think this the better time to go for bitcoin purchase spree again? As from the bitcoin price history bitcoin has shown tendency to spike periodically.
Considering the bitcoin novelty has worn off across the glob, Now there is sufficient awareness about the bitcoin and crypto. what could be the driving factors If yes then what could be the driving factors for the growth? As previous factors may be less significant this time.
To me yes, this is the right time for you to buy bitcoin and others altcoins at the most cheap price this year. Remember that those that were able to take risk and buy bitcoin when it was cheap in some years back makes profits and become rich when bitcoin went above $19000 in December 2017. I think those that said that bitcoin and others cryptocurrencies are for long term purposes are right in away because most of the Bitcoins and cryptocurrencies millionaires today are those that refuse to sell at the lose and hold the coins for long term.