Investing in Bitcoin or other cryptocurrencies at this time almost feels like trying to catch a falling knife. Since no one knows if the bottom is in, there is a real chance the price will continue to drop even lower. At the same time, some speculators and analysts are confident things will start to look better from here on out. All of this advice needs to be taken with a few grains of salt
When there is proverbial blood in the cryptocurrency streets, it is only normal people grow wary of what is happening in front of their eyes. In the case of Bitcoin, its price has reached a low value not seen throughout 2018. In fact, it has been over 15 months since the current price range was last seen, which further confirms things are not looking all that great. This recent price drop raises a lot of questions as to whether or not now would be a good time to purchase BTC.