Hello All,
Quite new to the crypto game and just wanted your thoughts on this, I'm considering buying bitcoin when the price hits its low aftet the recent news from China.
My question is how low do people think it will drop too? How confident are people that it will recover?
Looking at what happened in Sep-17 it went low but then rapidly increased do you think this will happen again.
https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/If everyone knew when the price would dip and how low, everyone would have bought Lambos long back. People will just speculate so and so might happen. Take it as a grain of salt. Markets go the way they want based on a lot of external factors.
Don't go by bans. It will NEVER be over. Buy BTC because you trust/believe in it, not because you want to make a quick buck.
The governments are basically bought out by banking cartels, and they will never allow Crypto unless it is their own and which they can control. It is about control, power is secondary and it comes as a benefit. Invest wisely and what you can afford to loose.