Tell me is this good for investing with the price of bitcoin? Down to $4,447 now

in #bitcoin5 years ago

I invite steemians to discuss this problem and give your expert incite about this topic.I'm just confused about the price of bitcoin.
I know it was going down a little bit, but now it's gone down by 9.19% in the last 24 hours.
How did that happen?This is just crazy.
Please discuss that:
Is this some sort of planing by Bitcoin so that we will convert from other currencies to bitcoin?
is it good idea to convert and invest to bitcoin?
What will be its future price predictions?
What u people think about it?
#discussbitcoinfluctuation

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If you are confused, you could put in a percentage (like 1-10%) now to lock it in place. And if it drops further, you could average down-or average down with another fraction. But if it goes up, at least you locked whatever percentage you did in.
Personally i am pessimistic, but no expert. The price seems to have leveled off (+-5%) for the last 24 hours or so which seems to be good, but it could be related to what is called a dead cat bounce.