20 Nov Bitcoin Price Hits 2018 Low – It’s Time to Buy the Dip
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From a historical perspective, the most profitable strategy in Bitcoin has been “buying the dip.” This means that when the price drops notably, one purchases some coin, holds it, and later on when the price rebounds, sells it. The Bitcoin price has historically walked its way up the market capitalization stairs, having sold well beneath a penny when it first found itself on fiat exchanges.
The market cap of Bitcoin today found its 13-month low, at less than $93 billion, with a token price hovering around $5,300 and analysts projecting it will find its way to $5,000. Those in this game for any length of time can tell you that these drops often precede rocket rises. Nobody’s clear on why the whole of the crypto market has been taking a beating, but certainly government persecution has played a role.
Buying Season is Open
Bitcoin makes up nearly (or sometimes, more than) half the market capitalization of cryptocurrencies as a whole. It and a…
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