Bitcoin Is Down 53%. Is It Finally Time to Buy?
Bitcoin will remain highly volatile, but its low price might be worth some of the risk.
Overview
Not all that long ago, Bitcoin (CRYPTO: BTC) had the wind in its sails. The cryptocurrency reached an all-time high of $126,210 in October of last year, but has since plunged 53%.
There isn't one simple answer for the sell-off, but what's clear is that investors have headed for the exits, in search of better places to put their money. The big question is whether Bitcoin will follow its past pattern of mass sell-offs, only to regain ground and surpass previous highs.
Details
Here's what's happening with Bitcoin and why it might be a good time to start a small position, if you're willing to ride out more volatility.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.