Bitcoin is 50% Below the All-Time High, and Now is the Time to Buy

Bitcoin went up to almost $68,000 all-time high price last November 10.

Currently, what is happening? Is Bitcoin still the king of cryptocurrency?

Cryptocurrencies love to play around the table. Reaching an all-time high doesn’t mean everything goes well. 

The central concept of cryptocurrency is price volatility, without any central authority, and only available online through the blockchain.

When looking up at the cryptocurrencies’ prices, newbies tend to compare prices the moment they buy and observe their price behavior each passing day.

Experts investing in cryptocurrency said that being a long-term investor is ideal and must look up prices based on years rather than the previous months.

Volatility isn’t surprising for veterans in cryptocurrency investment. Times like this are normal, and price dips are for the traders who are new to cryptocurrency.  A strategy of “buy and hold” is the best practice.

The “crypto winter” is the best time to buy cryptocurrencies, especially new investors. The price dips should give them confidence in entering the world of cryptocurrency. Reading the latest news, some investors are afraid of further downfalls, which is an opportunity for beginners.

Sources

• What investors should know as bitcoin drops 50% from its all-time high (cnbc.com)