Bitcoin’s volatility is at record lows, which has often signaled a major move coming, but the direction remains unclear. Some expect a breakout, others fear a fake-out.
With uncertainty ahead, is now the right time to buy, or is the market setting a trap? Are we on the verge of a new rally or another brutal correction?
The price of bitcoin is very volatile its price can drop at any time and even go down significantly. Therefore you should be aware of its risks before buying bitcoin. Despite the uncertainty bitcoin is definitely a good currency for investment and the price of bitcoin is constantly increasing. Its price has increased a lot in the last few years and is expected to increase further in the future. Therefore buying bitcoin now has the potential to be profitable in the future.
Bitcoin is volatile and it's price movement is dependent on market conditions. The price is low now, it's experiencing a negative price correction. This is a low and time to accumulate more. The spectators are busy predicting a lower entry point instead of buying more and stacking at this rare opportunity. I pity them, while they gamble, we buy and hold. Their theorems may bring them regrets and they miss out to buy at good prices, their gamble may workout for them, but the long-term is the judge of their actions.
People are panicking, they have wrong orientation on Bitcoin and they gamble with their coins and sell them off, even at a loss. This is a period of emotional strength and firm belief in Bitcoin, only real investors would stand the test of time and profit in due time after their long-term journey