Cryptocurrency Price: Pros And Cons Of “Buying The Dip”
The most important question arising in any cryptocurrency bear market is whether to buy a dip or not. Prices have consistently declined in 2018 and many experts argue that another important value is to buy virtual coins in the hop hopes of the rally.
Potential reasons for investing in Cryptocurrency Market
"Low Sales High Buy" is a basic trading rumor. With the downside of cryptocurrency prices dropping substantially below its all-time high (ATH), traders should have the opportunity to avail huge benefits, but the price should only be made when they are in the market. Crypto Cynics has pronounced the end of digital currency many times, and has always been wrong.
If the SEC has finally cleared Bitcoin ETF then there is a possibility of massive bull run. When Bitcoin futures emerged in December 2017, BTC's price reached $ 19,700 of ATH in terms of days. Prices can also be seen in a BTC ETF. So far, the SEC is reluctant to approve any BTC ETF filing, as seen in the VaNeak ETF decision. However, enthusiastic efforts are being made to change the mind of the regulatory body. If you still believe in the possibility of BTC ETF, then this is just a matter of time.
Bitcoin can be Amazon this decade. Today, many techs do not expect that after the dot-com bubble burst. At this time crypto prices may be slow, but digital currency is not just a feed. Newborn technology is a place in the future. Another reason for investing is that many financial experts are investing in digital currency. This gives the currency some credibility, and it shows you what you are buying.
It can all be bad
Bear is ruling this time, because crypto prices continue to fall. August is not performing any better, because the cryptocurrency market has decreased by $ 43 billion in five days. As the market volatile, it will be expensive through large dip. Investment in digital currency is currently not the most intelligent of financial decisions.
If you are not careful then catching on your coins can cost you money. Malware, loss of private keys, sending coins in wrong wallet, you can lose your coins well. Afterwards nothing is advised to sell now by losing all your cryptocoins.