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I wouldn't touch it, but that is just me. Something with such a boom is bound to take a dip or fall completely flat. I don't see what is really backing it.So what is everyone's thoughts on a good time to wait to invest in Bitcoin or not? It's over $4,400, would you wait for another dip to happen (maybe down to $2-3K) or do you think it will crash? I know it's a little late to the rags to riches game, but am becoming interested.
http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegalEthereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal
I know they have some of the largest Bitcoin operations over there.Will it continue on without China? I heard they was some of the biggest buyers.
If only we would have purchased at 3500. A feller could have doubled his money.
Honestly I still wouldn't dabble in it. Unless they have changed things it's not so easy to purchase/sell.If only we would have purchased at 3500. A feller could have doubled his money.
I'm no expert. But I don't think they like it due to not being able to control. Since it's anonymous money you can't tax it, limit it, etc. (my personal opinion is it's booming due to terrorist activities, money laundering, collapsing of foreign governments, and the average joes thinking they are going to get rich due to all the media coverage.)Question is, why aren't they suppressing it like they do other markets? Seems the powers that be always are able to get into the so called markets and do whatever they like. Why not this time?