Based on the chart, bitcoin price has been going on a nosedive. Mostly affected by several government regulations.
After several weeks on continuous bearish direction of bitcoin and other crypto currencies it seems that we are nearing the bottom and there is a good indication that a "Bull" run is imminent. It would not be an easy ride though unless otherwise there is a stoppage in the government regulations which has been the major factor of the trading direction. Is it wise to buy now and take a long position?
Please drop by to share your ideas and comments..
image source: screen capture from Bitcoin Chart Widget
if yor scared, send me your bitc0ins.. and go buy US dollers sheepy.
danold tramp make all the bitcoins go up, yull see
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Its good to be optimistic. Youre right im still hesitant to buy bitcoins.
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Bitcoin might be nearing the end of the drop but personally i think we will still see it go as low as 6400 USD befor we will see the Bull run return as i think many investors who "jumped on the bitcoin train late in 2017 are still getting out after suffering some major losses however that is just my opininon.
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I think you have a point. Other analyst recommend to wait until $500 is breached. Do you agree with it?
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