Bitcoin is on the move

in #bitcoin7 years ago (edited)

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  

Sort:  

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