Bitcoin makes cross border payments possible, and also provides an easy way for people to escape failed government monetary policy. You can use our exchange finder to find a place to buy bitcoins in your country. For example, the saying that bitcoin will go to zero. If you want a small miner to play around with mining, go for it. This has happened to bitcoin about 3 times. You can only decide when you sell or trade with it.
Ethereum (ETH)
However, hardly had the quote approached level 20 USD, according to Bitfinex, when there started a rollback. That correction was expected, as it is a psychologically important level for many, when the fear of missed profits grows to its extreme. But, in my predictions last week, I forgot to allow for Christmas and New Year holidays. However, I mentioned the holidays, in my previous forecasts, as a possible trigger for the correction. It was so in the end.
Why Invest in Bitcoin?
What a fuss Bitcoin is making in recent days! There is barely one cryptocurrency expert who has not been engaged in this discussion. This year, when Bitcoin together with all its worshippers celebrates its 10th birthday, is the best time to get all your ducks in a row. I want to tell you what I think about the latest trends and near future of the first crypto. Hopefully, it will help you to answer the main question — to buy or not to buy. It is still completely independent, decentralized, and digital.
Why Bitcoin is Gaining Traction
However, hardly had the quote approached level 20 USD, according to Bitfinex, when there started a rollback. That correction was expected, as it is a psychologically important level for many, when the fear of missed profits grows to its extreme. But, in my predictions last week, I forgot to allow for Christmas and New Year holidays.
However, I mentioned the holidays, in my previous forecasts, as a possible trigger for the correction. It was so in the end. I am, personally, happy with that, as I understand that the current bearish activity will end soon, and bitcoin will continue its way to the moon.
Therefore, it would be logical to expect correction about On the other hand, if noe go deeper into details and look at the current market situation, at 4-hour chart we will see, that BTC corrected at The trend curve is bitcoin buy now or wait the same levels dotted with red line ; it strongly supports Bicoin. As we see in the weekly chart, last week opened at level 14 To form a classic pattern of candlestick analysis, Bearish Engulfing Pattern, bitcoin price needs to be closed oe this level.
Constant swings and general market uncertainty will draw Bitcoin to trading flat, allowing to gain efforts for the final reversal in about a week. I have a feeling, that someone is trying to scare off poor beginners, using in their predications such words as «crash»,»collapse», «burst bubble». If you look at qait, you wai rarely see bitcoin correction longer than a week one red square in the chart.
Guy a rule, such buuy corrections are quickly bought out by the market. After that, the next week, the price either bitcokn into green zone or starts trading flat, so I tend to the first scenario. I expect a lot of newcomers in the market exactly during winter holidays.
So, wherever bitcoin falls, it should be looked at as guy additional chance to buy more bitcoins at a lower price, before a new race starts. Did you like my article? Ask me questions and comment. Dear traders! Follow our Telegram channel and get access to a daily efficient analytical package delivered by true experts: — unique analytical reviews and forecasts; — technical, fundamental, wave analysis; — trading signals; — experts’ opinions and training materials.
Buy now, or wait for a while? Opinions differ! Bitcoin is at crossroads! December 22, December 7, December 7, December 22, Bitcoin is at crossroads! Rate this article:. Need to ask the author a question? Please, use the Comments section. Start Trading Cannot read us every day? Get the most popular posts to your email.
Full. Written by. Mikhail Hyipov Cryptocurrency analyst. The pair is still likely to fall. Join in. Follow us in social networks!
Time to Buy Bitcoin Now or Wait?
Situation with Main Cryptocurrency
Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Read more about the Ledger Nano X. Compared with the FOMO situation above, this is a way more level-headed approach. Many people have lost their bitcoins due to mistakes such as. No bank can block payments or close your account.
Comments
Post a Comment