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Is Now A Good Time To Buy Bitcoin?

06 Sep Is Now A Good Time To Buy Bitcoin?

Posted at 23:13h in Bitcoin News by

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Have bitcoin prices’ recent declines made the crypto a good buy? Credit: Getty Royalty Free

Bitcoin prices have taken a beating lately, falling sharply over the last several months and dropping more than 15% in the space of 48 hours.

After suffering these declines, the digital currency is trading close to $6,450, according to the CoinDesk Bitcoin Price Index (BPI).

At this point, bitcoin is down more than 66% from its peak of roughly $19,800 reached in December 2017, additional BPI figures show.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Now, it is time for the million-dollar question.

Since bitcoin prices have fallen so much lately, is now a good time to buy?

When polled, analysts offered measured responses, emphasizing that there are both bull and bear cases for the digital currency.

Bitcoin’s Intense…

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