Bitcoin and Crypto Still Going Down, Time to Buy?

in bitcoin •  7 years ago 

crypto_markets_feb5th_2018.JPG

I bought more BTC at around 9500 and LTC at 130 but now they have fallen off even further. I honestly can't admit that I saw this coming, especially falling under the 200 day moving average.

At this moment I'm stumped. Should we wait a bit longer to see if it drops more or will this be the bottom and things will bounce back up?

I will definitely be putting in a buy order somewhere around $5000 for Bitcoin and another around $4000. Other than that, I'm going to be HODLing the rest of my portfolio.

Goodluck all,

MFA

PS I'm putting in a buy order for STEEM at 0.00035 BTC

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I think it is like the dotcom bubble. It is not the end of bitcoin and the other crypto currencies but it will never get that high again.

What wonders me a little is that all the coins move in step, there charts look almost identical. And for several weeks now.