You are viewing a single comment's thread from:

RE: Are you gonna buy some crypto today?

in #crypto7 years ago (edited)

Good question. Which coins are you going to buy and why?

I'm probably not going to buy any coins today. But possibly in the near future. Bitcoin has tested the $6000 support many times this year.

I guess now would be a good time to buy some promising coin with a solid team and a lot of potential to solve a major problem. Or you could just get some more Bitcoin in hopes of institutional investors starting to buy large quantities of it when/if the regulatory obstacles are cleared.

But while the Bitcoin €6000 support has held pretty well, a rally may be far off depending on how many Mt. Gox coins or other confiscated coins are still unsold.

Here's a bearish perspective on the matter:

https://blockonomi.com/mt-gox-distribution/