Bitcoin woes continue, but is it a good buying opportunity right now?

Let’s assume bitcoin was in a bubble and the bubble has now popped. It is not the first time we have had rapid growth followed by a pull back. I have mentioned this is my previous posts. The pattern however seems to be that with each new bubble it gets bigger. Without a crystal ball one is left to extrapolate that we are now years away from the next big bitcoin bubble. However, one thing is for certain if it does happen it will surpass $100,000 with ease if one was to extrapolate past performance of bitcoin. So, is it a good buying opportunity? Well you must decide that for yourself. I have a mental note of buying in at around $2,500. Beyond that I don’t plan to take any action whatsoever.

When the next big rise does happen though you can expect the same sell off pattern to happen. Just be ready to take some profit 😉

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