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November 09, 2018, 10:48:56 AM |
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Bitcoin has suffered a large decline in prices from a speculative high. Looking at the charts (price, volume, and indicators), it appears that Bitcoin has reached or is near to reaching a bottom. What's more, in recent months with have seen a stable price, that while doesn't mean there is any speculative buying, it does mean that the panic sellers are close to, or have, exhausted their supply of coins.
The above paragraph represents only the price of Bitcoin and it's technicals. Fundamentally, development of the protocol is going along nicely, second layer solutions are also being implemented, and investment for the commercialization of bitcoin is still increasing.
Don't be concerned about the price, especially now that it has had a very nice correction, focus on the fundamentals I listed above. It is these fundamentals that will eventually drive the price higher. In addition, if you understand the sheer lunacy of the current legacy financial system, and it's current problems you can add that to the positive fundamentals driving Bitcoin.
In short, If you understand what Bitcoin is, how it improves on the current financial situation, the safety that it offers, the fact that it is continually developed and any hurdles that it may have (e.g. low transactions per second) can be solved with that continual development, now is a good time to invest. I would also say that your investment cannot be based on what will happen next month, but rather several years from now. You also must be prepared to incur large paper losses.
Changing the world is not something that happens overnight, it is instead a long drawn out war with many battles, be prepared to fight the good fight and invest for the long term.
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