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?