Bitcoin still a buy despite recent losses

[rafi035]

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?

keep buying I think investors still have a high interest in confidence and trust in the bitcoin investment it is worthwhile

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[akishang]

Yes. I think this could be a blessing in disguise for us bitcoin holders. This is a great opportunity for us to increase our assets by buying bitcoin. I only purchase bitcoin when it dropped its price and this is exactly what I have been waiting for. Although it will requires us to hodl more, I am still positive and will continue to believe that bitcoin will increase by the end of the year. Still a lot of ways to go but we'll get there. Don't panic and HODL.

[green_fish]

Like other currencies, Bitcoin is valuable because people think it has value!
If you are looking for a potential that could double or triple your investment, and you can take a potentially huge loss, investing a portion of your portfolio in Bitcoin may be the right choice.

[jagaban]

Bitcoin is still a buy I have to say. This is because it still holds a higher influence over the alts than any other coin. The bull run is coming and bitcoin will be at the top of the charts.

[boy130]

True. I'm sick of investing in alts that promise the world and then fail to deliver. Seems to be happening more frequently nowadays too. Looks like people are starting to think that ICO pretty much guarantees their project will be successful, when in reality they're starting to face super touch competition now. Only the strong can survive now, and it's better that way.

[ivrynx]

Bitcoin is still a goodbuy, if you want to have a huge potential for your investment, bitcoin can still give you a good positive return, if you are worrying aboutnthe downtrend in bitcoin today, you must update yourself and check what is happening, the value of bitcoin is still recovering by itself, but only goes down whenever Mt. Gox releases its bitcoins, but ince Mt. Gox had exhausted all their bitcoins, and is no longer a factor, we will see the rise in value of bitcoin and for sure, it will hit a new ATH, come to think of it, the losses is not due to Bitcoin being a bubble, but it is due to the fact, there are certain factors that we cannot control, just like in the tradional stock market.

[keanne_isaac]

after a huge price correction for bitcoin from its all time high of almost 20k$ i think the current is a good entry price as we all aware bitcoin as the dominance crypto currency can surge anytime soon considering lot of investors are keep buying on it.

[samcrypto]

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?

keep buying I think investors still have a high interest in confidence and trust in the bitcoin investment it is worthwhile

Bitcoin is still worth buying for, the price shows some recovery but this might be in short term we can still see some dump but don't worry the market is healthy and bitcoin can go high this year. A lot of big investors are still coming, and the big companies are slowly adopting the system. The future will be good for you if you believe on bitcoin, keep on buying when everyone is afraid.

[bitterguy28]

HOLD HOLD HOLD to avoid losses to your bitcoin investment do not sell your bitcoin investment just stay relax and patience is very important to calm yourself, we should know bitcoin starting first month of this year are in trouble but have many sign bitcoin become uprise again in the marketcap, all trials for bitcoin become fix before of this end year and the price goes into bubble do not give up bitcoin still strong even have some negative feedback from the people didn't understand how bitcoin can help to their lives. Now is time to buy bitcoin become possible got profits in the future.

[micher143]

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 it's decreasing value, I'm still believe on it's potential and I know that it will be making much better movement's in upcoming couple of days or weeks so still I keep holding my bitcoin and waiting for the right time to comes where in it will reach it's highest peak. However, falling is just a normal things to this system because in what we understand this system is very volatile so we are able to expect the none stop ups and downs movement to it's value.

[thinkme1st]

There are always rumors about bitcoin going to die etc but you know what happens. As long as people are interested in btc and buying it, the value will grow for sure. I think bitcoin is still a buy and looking at the charts i would say it's at perfect stage to buy and hodl for some months to take profits.

[gidaahmad]

Demand persists. People will continue to buy Bitcoin for trading. The price drop is only temporary. And then the price of Bitcoin will again bearish. I hope this Bearish will also be good for all coins, because if Bitcoin rises in price, all coins will surely go up in price.

[Limar0]

Yes,I do believe that bitcoin is still best to buy despite its recent losses.Its value is down at the moment so take this opportunity to buy and hold as much time as possible to earn a lot.

[Hypnosis00]

Well it's because we know the way bitcoin runs and how much the possibilities and potential that it could give us when the price of it gets high again. We know that after some time, it will have a good price again worthy to be sold and that will bring us a lot of profit, that is the potential of bitcoin that's why not it is still something that we should buy because it is the main deal.

[CODE200]

Bitcoin still in buying period despite of some losses. I think losses is depends in the holders because in investment it could be successful or it could be failed depend on how it will operate or manage by the owner so in making investment it is better that we have a full knowledge and we have a positive set of mind or us to make a better strategy and decisions that made our investment successful.

[electronicash]

no doubt BTC still is a buy. If btc weren't the mainstream and that its not widely used and known to the public, it wouldn't be bought. the newer coins and tokens are more sophisticated actually. but NEO being under delivering? you're a bitch bogart. you invested on EOS and ripple so yes we can understand that you can fud around specially if you have no NEO stash.

[Cryptogid]

Bitcoin is still a buy because it has a promising future. People continue to buy bitcoin even though recent bitcoin price drops lead to losses, knowing the price drop is only temporal, people believe it still holds a higher influence over the alts than any other coin. We believe it will increase soon and we will profit a lot from it.

[doroshok2]

I believe that bitcoin is not dead, and will not die soon. As long as they believe in it, and therefore invest, buy. Everything's going to be OK. This is my forecast for the near future.

[Ahimoth]

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?

keep buying I think investors still have a high interest in confidence and trust in the bitcoin investment it is worthwhile

We have to admit that bitcoin is still a good investment for a long run. As a matter of fact it is capable of bouncing back from its losses. Be confident that bitcoin is still valuable in the coming years because it's still popular to many. Its uses will grow and involvement of bitcoin to larger industries is coming soon.

[AliMan]

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?

keep buying I think investors still have a high interest in confidence and trust in the bitcoin investment it is worthwhile

Struggle and downfall are part of long run success so bitcin is in the moment of experiencing it. Its struggle is not the thing to look up rather a motivation to stand with it. It's a good investment for the coming years so be still with it. Keep in touchit with bitcoin because sooner or later it will rise again.