All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.
Hey Greg, I hope if you are reading this your opinion has changed. Well, here is some few updates with bitcoin in case you may have missed it.
- Bitcoin has gone up to $30k from the time you wrote this about 2 weeks ago.
- Institutions are pushing the price up. And you know what it is giving public confidence in bitcoin which would lead to high adoption. We are still going to see the price go above $30k
- Some top asset management institutions are grouping up to start their own exchange.
I bet you didn't see it coming. Bitcoin is a surprise that cannot be predicted. And it is just to early in the year to jump into pessimist conclusions about bitcoin.