I'm thinkinhg of investing some money into btc (I'm planing on buying and holding about 0.5btc), and I wasn't really into the btc price flow lately. What will happen to the price? Do you think it will rise or fall?
-Since the price of btc is down to $500 Buying and Holding is not a bad idea,
-but if the price didn't increase in a week or so I'd recommend start using it and do Trading if you have experience in it, invest it on a site that you trust...
-ETC.
-since bitfinex crashed the price of btc is affected but if bitfinex recovered so is the price of btc.
none of what you said is right.
- price is $540 not $500, it may go there but it has not yet.
- since the drop is only because of the fear of dump by the hacker and whales who take advantage of situations like this to dump and create more panic, this is only temporary so it will go back up.
- ETC is a pump and dump coin, there is no future for it. if you can get in now and get out fast enough to make the profit you are looking for, then that is good. otherwise it is not good for anything else.
- I doubt that bitfinex can recover, and bitcoin price future has nothing to do with them recovering or not although it can help.