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Why is now "a nice time to buy"? What is underlying value that makes the current price attractive? I'm really curious to know
by antr 9y ago
Why is now "a nice time to buy"? What is underlying value that makes the current price attractive? I'm really curious to know
- BlackjackCF 9y agoBitcoin's value just tanked a whole bunch because China's halted trading at its cryptocurrency exchanges. I think it's plummeted by a good 20% or something in the last few days. People are guessing that the value of Bitcoin will come back up, so they think it's a good time to buy.
- optimuspaul 9y agoIf enough people say it's a good time to buy then the price goes up. In reality there is never a good or bad time to buy into BTC. To say there is or isn't is speculation or manipulation in my opinion. But full disclosure, I think bitcoin is ripe with fraud and I don't see it having a long term future without it being regulated by some entity. Will it survive regulation?