This is a long and one of the sharpest bearish moves in BTC’s history. Last year, it impressed investors with an annual gain of about 1,400%, triggering a Bitcoin mania. The price surge turned many investors into millionaires, drew startups into the crypto game, pushed GPU prices up, scared governments and regulators, and made Bitcoin one of the most popular search terms online.
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https://cryptovest.com/news/bitcoin-drags-through-worst-month-since-january-2015/
I'm still new into this whole cryptocurrency thing and as Bitcoin has been surging for a long time now, I thought it would never be worth it to buy as the price is just too high... until recently. I'm starting to think it might not be tooooo late for newcomers like me to start investing / trading in it. I read a few of your blogs and you seem to be quite savvy. May I know what's your advise for (potentially) new Bitcoin investors?
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I am not an expert, and I don't think anybody should invest based only on somebody else's advice. But my opinion is that 9000 is an important bitcoin support, that if lost will make bitcoin drop easily to 8000, maybe 7000.
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Bear in mind, even after the recent drops in price, the prices of most cryptos are still 10 times what they were in Feb 2017... there isnt a problem with the current prices at all, they still represent massive gains YoY
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This post has received a 28.57 % upvote from @moneymatchgaming thanks to: @discernente. Upvote this Post to Support the MMG Community on Steemit! :)
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This post has received a 2.41 % upvote from @getboost thanks to: @discernente.
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You got a 5.13% upvote from @minnowvotes courtesy of @discernente!
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You got a 23.89% upvote from @steembloggers courtesy of @discernente!
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This post has received a 2.93 % upvote, thanks to: @discernente.
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Meh... We've been through worse.
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