The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement. A lot of people are expecting that Bitcoin will soon breach the $6,000 level and can possibly go beyond that level in the coming weeks and months...and there are those already predicting of $8,000 or even $10,000 before 2019 ends. I know this is just another speculative notions but this can be reflective of the ongoing confidence the market has on the King of Cryptos.
With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?
I must say no with this. It has really a broad scope, that I believe even research won't be enough when pertaining to price. Sometimes this is caused by investors or whales tbh. They really have an effect in the market rally sometimes. Also the one so called "contracts" that can drop the bitcoin price. Imagine if big time investors were to control the price and made bitcoin drop and never rise again? But I'm not saying that the price movement only focuses on this one. One factor is also traders who determines the price and we also have the "moderator" I wonder if this is true, the one that manipulates the price.. Well this is really broad as I've said. Be updated to the news and you'll also understand what I've said.
