Over the past 60 days, Bitcoin's value has tremendously dropped to say the least.📉
Bitcoin holders sold, and when they sold, the majority followed.
From my analysis and many other's opinions, we believe that the cryptocurrency markets have hit their 'floor', as in the lowest value which successful currencies will hit. We believe that now, the value of successful cryptocurrencies are only to rise and not to dip to current prices in the future.
Let's take a look at Bitcoin's value over the past 60 days, shall we?
Over the past 60 days, Bitcoin has gone down over 3 times' its peak value. For those who invested in Bitcoin, I hope you either sold and profited or held through the plummet and are still holding/converting into alternate coins.
Above shows the value which you would be buying Bitcoin from Coinbase, a large, mainstream Bitcoin broker. Understand that in the past two weeks, Bitcoin has gone from values around $6,000 up to over $11,000. This isn't advice but I am telling you what I am doing myself and what I'd recommend, that if you are looking to invest in alternate coins rather than Bitcoin, then buy at a low price that you feel is comfortable before you end up buying at a higher amount and getting fewer coins.
Enough babbling, go do some investigating for yourself! Only consider my thoughts.
That's it for this post but if you haven't read any of my other articles, I'll have a few posted below for you to check out.
Is Bitcoin A Bad Investment?
Got Electroneum yet? Now is the Time 📈🚀[Daily Crypto Report]
Blockchain Technology [EXPLAINED]
