Maisun Ibn Monowar, 13 September, 2018
As of writing this article, the price of Bitcoin is something $6000+. The support is holding still now. Lot of indicators will tell you to buy them right now. Most probably I’ll buy some within the week. But before you do so, I want to remind you few things.
Global Market Cap:
I’ve seen the bitcoin chart to react heavily to Global Crypto Market Cap. The market cap is now something like $190 B. This is the lowest in last 11 months. This doesn’t indicate a good news.
Pump and Dump:
I’m no expert, but I feel BTC has been the victiim of Pump and Dump after institutional players joined the market.
FOMO:
Just a reminder, don’t surrender to it.
Conclusion:
I’m not going to tell you why you should buy BTC now, because there are articles already doing so. I just need you to keep these 3 points in mind.
