RATE Group | Cryptocurrency Price: Pros and Cons of “Buying the Dip”
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Cryptocurrency Price: Pros and Cons of “Buying the Dip”

16 Aug Cryptocurrency Price: Pros and Cons of “Buying the Dip”

Posted at 12:32h in Cryptocurrency News by

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The quintessential question that arises in any cryptocurrency bear market is whether or not to buy the dip. 2018 has seen prices go on an extended steady decline and many experts argue whether or not to buy virtual coins in the hops of another significant price rally.

Likely Reasons to Invest in the Cryptocurrency Market

“Buy low sell high” is a basic trading aphorism. With cryptocurrency prices significantly down from their all-time high (ATH), traders stand the chance of making huge gains should a price rebound occur but only if they get into the market now. Crypto cynics have pronounced the end of the digital currency lots of times, and have always been wrong.

The possibility of a massive bull run exists if the SEC finally approves a Bitcoin ETF. When Bitcoin futures emerged in December 2017, BTC price surged to an ATH of $19,700 in a matter of days. A BTC ETF could see an even greater price surge. So far, the SEC has been reluctant in approving any BTC ETF filing, as seen in…

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