that anywhere else. Here is a great video that I encourage you to watch if you are not fully aware of who Craig Wright. You have to think that those mainstream players are fairweather friends that would run from Bitcoin based on its price versus the dollar. Bitcoin production wasnt ramped up by greedy private interests during the bubble last year. Bitcoin is going through some growing pains. If a price rebound is to be expected, then perhaps, the current dip is a good opportunity to buy BTC. Ground beef prices are up 79 since Bitcoin. Is the Hash War Really Over?
The fact that bitcoin is endowed with a somewhat volatile nature does not come as a surprise to cryptocurrency enthusiasts, who saw it soar beyond 1,000 in late 2013, only to see it diminish. Talking about the bottom of the Bitcoin market, the last bear market, we had a drop of about 83 percent from the highest candle close during bull run. Price consolidated around the point of a bullish break yesterday but has since dropped below and traded between this point and a point of buyer liquidity at 3576.
Bitcoin Price Drop: Is this the Best Time to Buy
Buying something that was once almost 1200 for less than 400 is a good thing. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. I do have a financial investment background on Wall Street, and all I can say is gold wont be under 1500 long-term, and is ready for unprecedented growth, only because the price you see is not real. On the daily Stochastics, the selling pressure is at 20 close to the oversold. And will you get out of the market in time, or collapse with it? These two warring camps have fought for control of Bitcoin Cash. Well, here is your Bitcoin pep talk, ladies and germs! I firmly believe the recent hard fork of Bitcoin cash is a huge catalyst for why we have seen this Bitcoin price drop.