Buying and selling bitcoin in nz
Will the world's most popular cryptocurrency plummet like it did in the past or continue to rally at high levels? Mr Rodda emphasised that it's important to have a long-term view of any asset and not get caught up in the short-term mania. Mr Rodda believes the recent surge we've seen will eventually flatline but maintains the view that Bitcoin is one to watch for the long-term.
My personal view is I think we'll see a correction in price that will see Bitcoin back in the low 20,s to mid,s in the short-term, so in the next few weeks to months," he said.
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There's also a lot of sense in waiting until the exuberance comes out of the market before making a foray into Bitcoin and other cryptos. Australia head of global cryptocurrency company Luno, Byron Goldberg, told news. He added Bitcoin isn't the only cryptocurrency that's surging, as he watches other cryptos such as Ethereum, Ripple, Litecoin and Tether rally in the market.
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