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Showing posts from April, 2019

Should You Buy Bitcoin?

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You've probably heard that bitcoin just spiked 25% this week from a friend, uncle, or that guy on Facebook who is anti-government, anti-police, and anti-everything and you don't really know him in person but for some reason have him as a friend. Should you buy bitcoin? If you are looking for an answer to this question without doing your own due diligence, then probably not. I've been seeing a lot of hype over the next move bitcoin is about to make. "It's going to $100K!" or "This is a precursor to its next HUGE crash!" . The reality is that nobody really knows what's about to happen. You can see that bitcoin has had some pops on its continuing downtrend so this pop could very well just be the same. Although it has been consolidating above $3,000 for about 4 months. The most important things to look at right now it the strong resistance level at $6,000 that it is approaching and of course the $3,000 level its been hol