Bitcoin is on Special!!!
The price on Luno went as low as R110 000 /btc (you can buy fractions-just place an order so someone else fills it out and pays the fee). Compared to it's high of R330k / btc in December, and it's high of almost 48K in the middle of 2017.
Luno is a South African Bitcoin and ETH exchange, and usualy trades higher compared to world markets, due to higher demand. Luno is complaint with our regulations, and links your account to your ID.
The correction is a healthy 50-75% retracement that has happened many times before. Anytime throughout the day would be a good time to start buying bitcoin.
In the past bitcoin has fallen from 5000$ to 3000$, and up to 7800$, down to 5500$, and up THROUGH 10000$ to 20000$, this is the main stream coming in, and new people remaining suspicious. The community driving this project since bitcoin was worth less than money still believe in the project and are not jumping ship. They have witnessed 50% drops, and even 90% drops over the years, this fall in %price is laughable.
This is not financial advice, Just a dude talking about crypto.
