Topic: Buy Buy Buy Bitcoins Touched near 4 months low (Read 1442 times)
My Analysis is working and Price of Bitcoin is going up
Most of the time its bad to catch a falling knife.
My analysis why Bitcoin Price went so low are as follows
1. Short Selling because of Margin trading "BTC-E" Etc.
2. Lack of Circuit Breakers in the exchanges (prevents price go too high or too low in intraday trading)
3. Lack of support from the Banks for Bitcoin Startups
4. May be excess Bitcoins production due to cloud mining
5. Last but not least majority of Bitcoin Traders are inexperienced (panic traders) rather professional
I found a strong "Support" around $400
It can not be broke that easy
Even for short selling there will be a buy price otherwise it can not be done,
Liquidators wont allow that easy to quote below the price what they can afford
When we watch carefully we can make out that strong "Support" near $400
If you can afford, if it is just OK to buy 5 to 10 Bitcoins Just Buy Buy
For sure Bitcoin price will go back to $500 without any doubt
This is the right time !
Good Luck Bitcoin Lovers
It is the right time to buy some bitcoins for investment purpose or wait?
Why are you forcasting it will go down again? How are you doing your calculations? In general, (still) the sentiment is opposite.
buy bitcoin just bcoz its at 4 months low?
its not a valid reason to enter long into bitcoin
what if it hit 1 year low ?
its not a valid reason to enter long into bitcoin
what if it hit 1 year low ?
Buy Bitcoin, price came down to pretty awesome, my forecast is BTC will hit $520 in near future
use any of the exchanges for acquiring BTCs, for example
https://btcxindia.com/
https://www.unocoin.com/
etc
Disclaimer:Price forecast is based on my own analysis No claims accepted
use any of the exchanges for acquiring BTCs, for example
https://btcxindia.com/
https://www.unocoin.com/
etc
Disclaimer:Price forecast is based on my own analysis No claims accepted
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