Is bitcoin still a good buy reddit

Get an ad-free experience with special benefits, and directly support Reddit. All rights reserved. Ad campaign: We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. If you like. BitcoinBeginners submitted 10 months ago by alinabitcoin. Now where does Bitcoin fit in this picture?

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Compared to other types of asset over the same time period, bitcoin has performed exceptionally. The Dow Jones Industrial Average rose Not bad. Since then the market has been dominated by dramatic price swings. The first came shortly after its July high.

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So now is a good time to buy. As a whole, cryptocurrencies have declined about 65 percent from their highs this year, he said. On Thursday evening at p. The volatile nature of all cryptocurrencies has left market watchers on edge amid looming regulatory concerns. Cryptocurrency is still a largely unregulated industry.

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Compared to other types of asset over the same time period, bitcoin has performed exceptionally. The Dow Jones Industrial Average rose Not bad. Since then the market has been dominated by dramatic price swings. The first came shortly after its July high. September, October, and November all saw similar patterns with billions wiped off the price of bitcoin before an almost miraculous recovery.

There has been a myriad of reasons why this year has had so many swings. A report by Chainalysis suggested a Chinese ponzi scam was behind the mid-December crash. Others suggested investors are just tired of all the swings buuy got out while the going was moderately good.

Chinese ‘Ponzi scam’ may have tanked Bitcoin price, new report suggests. The TL:DR of it is, this is what happens in a small market when compared to other assets like gold and equities where there are a few big players or whales that cause significant shifts in price whenever they move their crypto. You bug read the whole thing or watch our video. Why major crypto exchange CEOs are bullish biitcoin bitcoin for Executives at top South Korean crypto exchanges Bithumb, Korbit, and Hanbitco believe that market conditions will bitciin brighter in thanks to improved regulation and a shift in the appetites of institutional investors.

Japanese exchange executives seem to agree that redit be a golden year. Many are hoping this could lead to further gains for investors in the crypto asset. Happy New Year hodlers. No matching results for ». Tip: Try a valid symbol or a specific company name for relevant results. Finance Home. Markets open in 8 hrs 49 mins. Matt Hussey.

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Now, for your question, investing in Bitcoin certainly makes sense. Between quantitative easing, rising rates at the central banks, and the large is bitcoin still a good buy reddit of debt issued since the beginning of NZIRP in I think we could very well be heading towards some sort of liquidity crisis. Things will depend on the institutionalizing of crypto and bitcoin in particular. Also a fundamental and more ‘likely’ to grow a lot. All rights reserved. Interest rates will hit the floor or go negative. Buy periodically, keep it as long as you can or until a great exit opportunity. Things also depend on the practical use of bitcoin and crypto. Just make sure you know what you’re investing in. Create an account. Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. For redit like me who doesn’t buy and sell often, but puts some savings into BTC and other savings into other things, I think it’s a geddit investment. Something that used to be worth pennies, then dollars, then hundreds of dollars, now thousands…?