I’ve been advised to wait for bitcoin to get down before buying. Is this a good ti to buy bitcoin, given the dip?
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I’ve been advised to wait for bitcoin to get down before buying. Is this a good ti to buy bitcoin, given the dip?
Sure, it is wise to invest in BTC right now than it was weeks ago. But you have to remember one simple rule “Buy Low Sell High”. If you want to make profit then buy and forget. Reason people fail to get the most out of their BTC investment that they are scared and if price drops they sell all of their BitCoin.
You will need to have a lot of patience and wait for price rising. If you buy Bitcoin just now then you can make it double in the next six months if the current trend stays.
Bitcoin is already the best performing asset this year. Many governments across the world have taken steps towards adopting cryptocurrencies as a whole, with many European governments officially giving BTC a legal status in their currency system. If the present conditions are any indicators, the future of BTC is bright. Another good reason to invest in BTC right now is the monetary policies taken by the various central governments to maintain liquidity in the markets, from stimulus packages. While it is a necessary move to keep economies from crashing completely, it does increase inflationary pressure on the fiat currencies, making inflation-proof assets like Bitcoin, even more valuable. That being said, Bitcoin and cryptocurrencies in general, are still volatile assets, making it next to impossible to predict their values. Make sure to read up and understand the market risks before investing in Bitcoin, or any other asset for that matter.