Thread: Time to buy Bitcoin
#2
Bitcoin may probably bounce back to previous high and surpassing the $5000 level and some of my facebook friends are already thinking of buying it. Maybe this is just a classic retracement and this type of price movement is no stranger to other high volatile pair like GBPJPY.
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#1
If you have following the news, you would have realized that Bitcoin has been getting a beating since the news was released that China has stopped all local currency exchange. JPMorgan CEO too jump onto it and claim it being fraud. The price of bitcoins is now at just above $3300 from the high of almost $5000.
Despite that, there are experts claiming that this is expected and it would not stop Bitcoin from reaching the value of $10000.
What is your take on this? Do you think it is a good time to buy Bitcoin at a low or do you think it would slide further? Do you think Bitcoin would be able to recover, or it just the signal of the end of cryptocurrencies?
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