Bitcoin still a buy despite recent losses

[Ruffian1314]

It is because investors still believes that bitcoin will reach again its peaked price last year december which is $19500. It is just the best time to buy bitcoin while it is still low because people or investors wants to earn and have profits before the end of the year. They think that it will pump again before the end of 2018.

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[jose111]

Yes, it is always demanding to the investor. Actually the best time that a smart investors wanted to buy is if in the downfall season which can they buy much more of it because they can buy it in much lower value so in the near future it's much be benefited to them. In sometimes be in loss is a part of investment but not in all times. It is good to have a better strategy so our investment will be successful.

[Gintama214]

Many people still buy bitcoin especially in the recent decrease because this is actually a good opportunity to invest due to the low price and it can benefit until it increases again in the future this is why many people are still investing. Good investors see all opportunity as a positive investment and if you are really eager you can earn a lot from it. 

[Utiani kh]

according to the news at CNBC here is why:
the coin has seen better days. After surging last December to around $19,500, bitcoin has declined more than 50 percent since the start of the year. On Thursday, amid increased regulatory scrutiny in the cryptocurrency space, the coin fell yet again — this time below $8,000, where bitcoin had hovered for several weeks. Late Friday, bitcoin changed hands around $7,400.

Regardless, Bogart(a partner at blockchain capital) said it's still a buy. In fact, he said it's the only coin traders should be buying as the coin becomes more mainstream.

Many of the other forms of cryptocurrency, Bogart said, are "over-promising and under-delivering. Meanwhile you have a few that are kind of excelling at their use cases. Bitcoin being one of them." Bogart recommended selling coins like Cardano, TRON, IOTA and NEO.

"A lot of those tokens are overvalued," Bogart said. "They could be go up significantly, but they also have significant headwind." Alternatives like ethereum, ripple, bitcoin cash and EOS, however, he described as "neutral" — and he told investors to hold for now.

what are your insights why does bitcoin still a buy in spite of all the losses?

there is still hope of bitcoin reaching $ 8400, so with a price below $ 7000 it would be a great time to buy.

[faithofb]

Is always a good buy , and I'm very sure that many countries is still going to legalise bitcoin in their respective countries which will cause more demand of bitcoin .

[putrii]

I personally think I'll buy bitcoin when the price goes down like this is the right time to buy after the price rises should you be able to sell it again, so take advantage of the existing situation to make a profit.

[Kakmakr]

I think the strongest motivation for most people to buy bitcoins are that it dropped in value with more than 50%. If it dropped in value and people bought at the low end, then they will make 50% profit, if it goes back to the ATH. We always tell people to "Buy low & Sell high", so I reckon we should stay with that strategy.

Bitcoin adoption is growing slowly day by day and more merchants are accepting Bitcoin than any other Crypto currency out there, so this alone should be the motivation to buy back in at the low end. ^smile^

[mahedi90731]

Bitcoin still a buy despite recent losses
yes, it is high time for bay the bitcoin because now bitcoin price is very down.but i think it is not for long time.last year bitcoin price is $19k,so i believe that again bitcoin price is up.so i think everybody have to bay bitcoin and deposit exchanger site and you can low prices altcoin.when price is high then sell and get a good profit. 

[elygil2022]

Yep! Still a buy. Use the recent setbacks to our advantage. Think of it as a blessing in disguise. It gave us more time to raise more funds to buy more bitcoins before the start of the next bull run.

[LodisMcguire]

Bitcoin is still the most used and popular among people on the internet.We know that even if bitcoin going down,it will rise again,we just have to wait and buy when we got more money.Patience is the key to success,so don't lose hope and wait till you can grab your profit.

[joesan2012]

Bitcoin prices have remained stagnant between $7,000 and $8,000 for the last week, not recovering from price highs of $19,500 in mid-December. The almost 50-percent drop in value has some market experts worried that the bitcoin bubble may have burst for good.  But the falling prices were incredibly healthy for the ecosystem. Weak holder shake out for not analyzing that they can still get back their recent loss, They shouldn't panic when coin drops 50 percent.. Understand the volatile nature of digital currency. These things can move 20 percent to 30 percent in a day. Perhaps this is the best time signal to buy more bitcoin.

[Ryker1]

Yep! Still a buy. Use the recent setbacks to our advantage. Think of it as a blessing in disguise. It gave us more time to raise more funds to buy more bitcoins before the start of the next bull run.

Indeed, we should still buy instead of panic selling so we can contribute and help bitcoin to rise again despite of the losses. My prediction is that bitcoin will be stable around 7 - 8 k , it will not go down any further because of the support, it is a chance to buy in low price, because it's predicted that bitcoin will bounce back reach the $19 k again.

[microbb8]

He said so because it is profitable for him to sell Bitcoin. Anyone who bought bitcoin will advise another person to also buy Bitcoin. Psychology.

[ashley_49]

This is obvious. Bitcoin has never lost its popularity despite of the price falls. It is certainly the best crypto and people will certainly grab the chance of buying it as the price is lower now.

[keanne_isaac]

according to the news at CNBC here is why:
the coin has seen better days. After surging last December to around $19,500, bitcoin has declined more than 50 percent since the start of the year. On Thursday, amid increased regulatory scrutiny in the cryptocurrency space, the coin fell yet again — this time below $8,000, where bitcoin had hovered for several weeks. Late Friday, bitcoin changed hands around $7,400.

Regardless, Bogart(a partner at blockchain capital) said it's still a buy. In fact, he said it's the only coin traders should be buying as the coin becomes more mainstream.

Many of the other forms of cryptocurrency, Bogart said, are "over-promising and under-delivering. Meanwhile you have a few that are kind of excelling at their use cases. Bitcoin being one of them." Bogart recommended selling coins like Cardano, TRON, IOTA and NEO.

"A lot of those tokens are overvalued," Bogart said. "They could be go up significantly, but they also have significant headwind." Alternatives like ethereum, ripple, bitcoin cash and EOS, however, he described as "neutral" — and he told investors to hold for now.

what are your insights why does bitcoin still a buy in spite of all the losses?

Well it's perdonal opinion and we respect it. but if you are a bitcoin believer like me current price is a good entry price if bitcoin surge to almost 20k$ last december there is no reason why it can't surpass it now considering more and more people are getting interest to invest in bitcoin.

[alfs75]

according to the news at CNBC here is why:
the coin has seen better days. After surging last December to around $19,500, bitcoin has declined more than 50 percent since the start of the year. On Thursday, amid increased regulatory scrutiny in the cryptocurrency space, the coin fell yet again — this time below $8,000, where bitcoin had hovered for several weeks. Late Friday, bitcoin changed hands around $7,400.

Regardless, Bogart(a partner at blockchain capital) said it's still a buy. In fact, he said it's the only coin traders should be buying as the coin becomes more mainstream.

Many of the other forms of cryptocurrency, Bogart said, are "over-promising and under-delivering. Meanwhile you have a few that are kind of excelling at their use cases. Bitcoin being one of them." Bogart recommended selling coins like Cardano, TRON, IOTA and NEO.

"A lot of those tokens are overvalued," Bogart said. "They could be go up significantly, but they also have significant headwind." Alternatives like ethereum, ripple, bitcoin cash and EOS, however, he described as "neutral" — and he told investors to hold for now.

what are your insights why does bitcoin still a buy in spite of all the losses?

despite of all losses bitcoin still a buy  in the market because,in terms of price  value  and popularazation bitcoin is still the best and rank no 1 coin in crypto market  otherwise even due bitcoin value is still going down,the others coins also affected and all will turn to red zone and i thinks that they carried away  because of loosening of bitcoin price , therefore i conclude  that bitcoin is mainstream of all coins in the cryptocurrency because if its dump all carried over and if its pump all crypto coins  will become profitable.

[Hube950]

Its easy to get discourage with the current prices for bitcoins and altcoins. Its not one that will make one happe as prices are falling. But at the same time for any one who wishes to invest, this is a good time to do that cos the prices will still rie over time. So no hopes should be lost

[brylle34]

according to the news at CNBC here is why:
the coin has seen better days. After surging last December to around $19,500, bitcoin has declined more than 50 percent since the start of the year. On Thursday, amid increased regulatory scrutiny in the cryptocurrency space, the coin fell yet again — this time below $8,000, where bitcoin had hovered for several weeks. Late Friday, bitcoin changed hands around $7,400.

Regardless, Bogart(a partner at blockchain capital) said it's still a buy. In fact, he said it's the only coin traders should be buying as the coin becomes more mainstream.

Many of the other forms of cryptocurrency, Bogart said, are "over-promising and under-delivering. Meanwhile you have a few that are kind of excelling at their use cases. Bitcoin being one of them." Bogart recommended selling coins like Cardano, TRON, IOTA and NEO.

"A lot of those tokens are overvalued," Bogart said. "They could be go up significantly, but they also have significant headwind." Alternatives like ethereum, ripple, bitcoin cash and EOS, however, he described as "neutral" — and he told investors to hold for now.

what are your insights why does bitcoin still a buy in spite of all the losses?

yes i agree, bitcoin is still a buy and very worth it to buy. many negative people or  bitter people are just causing this FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.) Despite the recent cryptocurrency massacres causing Bitcoin and altcoin prices to decline, Bitcoin, along with other cryptocurrencies, are poised to recover with rumors of its price potentially reaching $10,000. Throughout economic history, potential bubbles have been the result of overinvestment and hype. When such crashes happen, unexpected outcomes may occur. There can only be a few people who have loaded up in the electronic currency and doubled their money before such a burst. In 2013, when Bitcoin price crashed, early Bitcoin investors had gained up to three times their initial investment. In the past few months, the price increase has reached up to 87 percent.

Bitcoin price has surged to $2,800 due to various factors, including the acceptance of cryptocurrency as a legal mode of payment, a stable growth in terms of international remittance services, among others.

Many have adopted Bitcoin as their mode of payment and it is already accepted by regulators as a legitimate way of investing. With its various potential consumer uses, Bitcoin may potentially become a mainstream asset. In fact, in some countries like Japan, Bitcoin is legally accepted as a method of payment.
read here for further details https://cointelegraph.com/news/bitcoin-price-crash-reasons-why-it-shouldnt-scare-you

[Stac]

Bitcoins has brought a revolutionary change in the financial service industry so there are chances for the bitcoins to be in the one world currency which can be used and accepted all around the globe which makes the payments and transactions so easy, in the early stages bitcoins was used as a crypto currency or digital currency but now most of the people see this as a good investment commodity as the price of bitcoins keeps on increasing it always has a huge leap in the market making it a good investment commodity. The Investors normally look for the prices to get down to buy bitcoins so when the prices go up the investors will be able to earn good profits from the bitcoins technology.

[basty03]

Of course bitcoin still a buy even the price is decreasing because we all know that bitcoin is the most proven and main coin of all. So even we lose sometimes our profit in bitcoin is not forever because bitcoin will increase anytime soon, We need is patience .