News

Bitcoin and Ethereum dropping! Is this time to buy?

A Recent summary of cryptocurrency states Bitcoin and Ethereum dropping – Is it time to Buy???!

Advertisement header-banner-ad

There is always a question in cryptocurrency market –“how long the correction will last”. Since there has been a decline in most of the currencies, many popular currencies saw a drop in the price.

A report states that the Ethereum and Bitcoin have overbought due to variation in price. The Thursday morning, price for the Bitcoin has declined by over 12% and Ethereum has fallen down to 14% & more – According to Coinmarketcap.

Bitcoin and Ethereum dropping! Is this time to buy?

As reported on Monday – Bitcoin for the first time traded above $3000 and the sudden drop on Wednesday and price jump of Ethereum on the same is a prove that cryptocurrency market will continue to fluctuate. However, there is an advice for long and short term investors; INVESTORS MUST WAIT UNTIL CORRECTION COMES INTO LIGHT”

This is perfectly true for long-term investors adding value to their investment and holding it till price jumps up and short term traders should wait for short term trend goes up before trading for a coin.

Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

footer-banner
Close
Close