Bitcoins: Price decline – investment opportunity?
Bitcoin is on a rollercoaster ride. Within a very short time frame, Bitcoin dropped from £15,000 to £5,000. A loss of 62.50%. Can such a decline be justified, a sign of things to come? Or is this a unique investment opportunity? Where is the best place to buy Bitcoin?
Scaredy-cats lose – pros invest
The Bitcoin stock is split. Inexperienced investors in particular are panicking. They are selling their Bitcoins because they are afraid of further price drops. Many Bitcoin investors are currently trading emotionally, without objectively analysing the situation. But just as many investors are selling their Bitcoins, there must also be many buyers. Who is buying Bitcoins right now and why are they doing so?
Inexprienced investors scare easily.
“Bitcoin is better than normal currencies” – Bill Gates
Who is currently buying Bitcoins?
In particular, it is experienced Bitcoin investors who seem to be taking advantage of the favourable prices by buying Bitcoins on a large scale. The reason is simple: they know the current situation. In the past, Bitcoin often rose quickly and then dropped somewhat afterwards. Nevertheless, it has until always been the case that the price of Bitcoin rises in the long term. The development of the Bitcoin-chart also shows that the trend line was not fallen short of in the past year. The upwards trend, therefore, still seems to be intact.
The current price decline could be a one-time opportunity to buy.
During the course of the year, Bitcoin rose from less than £1,000 to more than £15,000. The current price decline was a correction, which was expected by many investors. This now seems to be at an end. Bitcoin has risen from the lowest point of the correction (about £5,000) to about £7,000 within a week. Clever investors were rewarded. Within one week they made a return of 40%. At the same time, the price is still far below the record levels.
Buying Bitcoin – reputable & easy
In recent years, many Bitcoin providers have entered the market. Buying Bitcoin is now easier than ever. 24Option has established itself as a particularly large and reputable provider. There, investors can easily and transparently buy and trade Bitcoin. In the meantime, the provider has accrued over 8 million customers. Please note: cryptocurrencies may fluctuate greatly in prices and are therefore not suitable for all investors. Cryptocurrency trading is not subject to any EU regulatory framework. Your capital is at risk.
Tip: No wallet is needed.
How do I find the best provider?
The perfect bitcoin provider is reputable and transparent. It will provide fast and uncomplicated deposits and withdrawals as well as English-speaking support. In the overview below, we have put together a list of the best Bitcoin providers.