We have all been waiting for a Bitcoin correction although no one knows when it will occur or how far it will fall.
I feel it has begun and sometimes it will take a few days to a week to manifest with a bumpy ride in-between although when you look at all the Alt-coins and Bitcoin and do a comparison there is a downwards pattern occurring.
Time to buy?
Bitcoin maybe hold another few days/week or two and see if there is another mini/major correction as the energy to exit BTC builds up towards a second phase pump of the Alt-coins.
A consolidation is however happening now and a fair amount of money has left the market which will mean it will start to re-enter when we see some lows across the board.
We will most likely see a bigger downturn in Bitcoin too which will present a sensible buying opportunity for most major Alt-coins.
Always buy and stack on a low as it just makes sense.
Please be aware this is not investment advice…it is just my instinctual feelings and the only thing to be mindful of is that no matter what you do or when you buy if you are looking long term say 2 to 5 years you will most likely win regardless of when you enter the market due to the special circumstances of cryptocurrencies and the advancement of the blockchain.
I would be interested to hear your thoughts on this in the below comments.
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