During the first few months, we have seen a lot of bearish Bitcoin price pressure. George Soros considers this to be one of the biggest drawbacks about Bitcoin. Even so, it is possible his comments are designed to purposefully drive the price down altogether.
Whether or not the comments by George Soros attributed to the price decline, is always a big question. Even so, claiming Bitcoin is a bubble is perhaps the worst assessment of his career. In fact, it seems he did a complete degree turn on cryptocurrencies altogether.
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The Cryptocurrency Investment Decision Now that the Bitcoin price has dipped quite a bit, George Soros prepares to invest in cryptocurrency. This rather odd decision only fuels speculation involving price manipulation. Such a sudden change of heart is often part of a bigger agenda. In order to answer this question the first thing you need to answer is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value?
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Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins? If this is the case then you need to decide for yourself if you think this is a good time to buy. Meaning, do you think the price will continue to rise. A few pointers for buying and holding Bitcoins: My personal recommendation is to use a hardware wallet to store your Bitcoins.
Make sure to buy Bitcoins only from exchanges that have proven their reputation. This way you average the price over the course of a whole year. Trading in Bitcoins Bitcoin trading is different than buying and holding.
Trading successfully requires knowledge and practice.