Just amazed about the situation of bitcoin nowadays, despite of the decreasing price of cryptocurrencies still more countries are now ready to adopt bitcoin. As if, it seems that bitcoin leading the way of the world into blockchain, trading and selling cryptocurrencies. Could it be really possibly eliminate the middlemen? Please share your opinions.
in my own opinion, bitcoin has been down lately due to profit taking from investors, as we know that investment must be profitable, when bitcoin last price very high and now is the right time for investors to profit, this is a normal thing if you know abaout investment. dont be panic and stay calm till the price growing up, i know this thing because i do investment in stock maybe its different from bitcoins but stock is investment too so in my prespective its just taking profit, you must know how to read the chart if wanna do investment, dont be a person jjust buy when the price is low and sell when the price is high, that not doing investment because thats just do a gambling without knowing technical analyze.
here i do a simple analyze
this image is from bitcoins chart per 1 year
as I said, this is just the profit taking phase of an investor, where I believe the price is still fluctuating or it can be said that the price is flat, this is natural in the world of investment, so what we need to do is wait until the price growing again, because prices will usually saturated when moving flat, and will go back up or even down.
hehe is just a brief opinion, I am from a lay investor so if there is a mistake please forgive. CMIIW