A Potential Answer: Yet Another Market Correction
Some of you may remember, back in August 14th Goldman Sachs Analysts, Sheba Jafari, had made a prediction, that it may drop to $3,000 if it hits that target price of $4,800. Well, it actually hit as high as $5,000! So, in addition to having a market correction, it may also be affected by the news of China "...following a new ruling that finds China's regulators moving to outlaw initial coin offerings...".
Meaning, BTC has a couple of potential "causes" for the price drop.
With that milestone hit, Jafari predicted, the price could climb to as much as $4,827. But she went on to caution that the market could correct, sending the price tumbling below $3,000.
How to Buy As BTC Drops?
A nice safe strategy I've seen before from @jerrybanfield is to purchase in few chunks at a time with every drip in the price. This way it reduces risk and you'll be more likely to at least have purchased some when it hits the bottom. So maybe only buy in increments of $100 -$200.
Note: As with anything else, never invest more than you're willing to lose.
Thank you for sharing your article with me! Steem is up almost 50% from the low yesterday!
impossible
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