Community post
Bitcoin is on the move
Hello steemians.
The question of the day is: Buy or hold? Apparently we have a magical date – August 1st. Many people talk about hard fork, soft fork etc., but do they really understand the situation, or it is just а smoke.
According to #dollarvigilante it will be wise to wait the bitcoin to drop around $300+ and then buy again. This is the case right now.
What do you think? Which direction bitcoin will take?
Feel free to Upvote, Follow and Resteem
Replies (4)
Most probably the price will fall down to the level before the sudden raise. To minimize losses I would definitively wait with buying until August 1st and not until the prices go up again constantly. Right now we are in a bearish market, so unless you are a day trader, buying and holding is only an option if you calculate with a gain in the really long tirm, might be in 2-3 years, until we reach the all-time-highs again of this year.
Increases are getting more and more common over time. i think we'll have a rise to the end of this year.
Yeah , it's a buy no doubt, bottom is the challenge :D
Very well said