Bitcoin's recent dip below $10,000 is an opportunity to purchase BTC and create an altcoin portfolio. Leveraged trading has driven the price of Bitcoin from $14,000 down to $9,600 and has moved the resistance level to $9,500. Now is the time to capitalize and buy before traders take the asset back up.

Bitcoin has risen an amazing 200% YTD in 2019 and has moved greatly in Q2 2019. After a meteoric rise, the asset fell 40% in a week, and has had a rough start in Q3 2019. Leveraged trading for short-term gains drove the price to the yearly high of $14,000.

A big driver of Bitcoin's downward channel has been news of the United States' potential negative interest in cryptocurrency and Facebook's Libra Coin. President Trump expressed his displeasure with cryptocurrency, and the coin reacted. Like any asset, Bitcoin and the altcoin market are traded emotionally.

Now is a great time to buy Bitocin and the blue-chip altcoins. We are less than a year from the Bitcoin reward halving from 12.5 BTC/block to 6.25 BTC/block, which is a historical price driver for the asset. We are also in the midst of Facebook's Libra Coin, which is driving interest into the cryptocurrency market.

I am a buyer of EOS, ZRX, ETH, BTC and BCH at these prices in order of interest. I am also a Steemit blogger, and am accumulating STEEM coins at a bargain $0.28. If you choose to buy, expect volatility to be high and hold your coins. The key is investing money you can afford to lose and holding it in your account for 5-10 years.

Sources:

Originally published in my Weku account I own at:
https://main.weku.io/community-deals/@wstanley225/bitcoin-s-dip-is-your-opportunity

Also published in my Minds, Publish0x, Hyperspace, Golos, Bearshares, Serey and Whaleshares accounts I own.

Picture from Pixabay.

https://coinmarketcap.com/

https://finance.yahoo.com/news/why-bitcoin-plunging-today-195100999.html