Is there first if bitcoin Will incur rise? After a few weeks of downtrend, is this a good time to add investment to bitcoin?
It's right on the dip, or still There will be a second, third or even worse dip?
Give your opinion on this.
Thanks
I think that these times are the perfect opportunity for you to grow your stash of Bitcoin and hold it for the future. This is simply because Bitcoin is digital gold, and it was designed with scarcity in mind. The downtrend we're seeing these past days ever since the year started, it's just a result of fear within newcomers into Bitcoin because of government regulations. But in effect, this would turn out to become positive in the long term, since Bitcoin and other cryptocurrencies would be more recognized as a legal form of payment. Regulations greatly minimize illegal activity within centralized exchanges, and as a result, it could bring serious investors into the market.
No one knows when the next uptick in Bitcoin’s price will be, but one thing for sure, is that Bitcoin will become an extremely valuable cryptocurrency within the future. Therefore, those who buy at the dips now, will greatly benefit in the future once prices hit the moon.