Bitcoin slid to the lowest point in 3 months

[PALM]

if you are looking at the value of bitcoin you would find that it has slid down to USD$6200 which is the lowest point in 3 months after hitting a record high of USD$19511. It is lost more than 50% of the value. There are warning signs that it would plummet further.

However, those paddling cryptocurrencies are saying this is a great time to buy. I am not sure who to believe?

What is your thoughts, would the value go down further, or do you think it would rebound soon?

[sashavich04]

Well, am not a great fan of bitcoin, I don't even invest or trade on it. Am just interested reading about it, a very interesting bubble as they say. Looks like the haters are right, bitcoin is heading for a big fall. But who knows, many will jump and buy bitcoin and somehow the price can regain it's former glory, but am not so sure this time. My question is, who is brave enough to buy this very unstable and shaky cyrptocurrency called bitcoin at this low point?