I've always wanted to buy Bitcoins but found that buying them was too difficult before. Things have eased up now and there are lots of ways of buying them. But with the recent crash lots of people are talking about everyone selling them. But I don't really get this. If the price has crashed wouldn't people be buying now to benefit from the lower exchange rate?
This all depends on what people are planning on using them for.
Why sell when the price has already fallen? Are they afraid of further crashes or have they lost faith in Bitcoins altogether?
Some may be trying to hold on to profits, or minimize losses by selling this low. Everyone always has circumstances.
With the verification process taking too long the price has already grown substantially meaning I will get a lot less coins than I would about a week ago.
This doesn't make any sense. Whose verification process? For what?
Anyway, is my decision to buy now a bad one? Are there other factors I should be aware of that I haven't taken into consideration?
Trying to time a market is foolish. If you believe they are going to go up, buy. If you have something you want to purchase with them, buy and make your purchase.
