Post
Topic
Board Economics
Re: Reason why you should Buy bitcoin now
by
tee-rex
on 03/01/2017, 10:14:47 UTC
If I were you, I would never buy BTC at this time. Price may go down as stone. Afterall it is crypto. After all btc is still secondary or not a primary currency. I do not see any reason to buy btc now. Rather wait for a month or two. It is certain that a correction will occur. Safe bet is approx $700. I would rather buy cheap alts with btc/fiat. Unfortunately I have no capital now 

It is crypto, so it can fly like a rocket. We don't know at which price a correction may start and when it will start. It may start tomorrow, or even right now, at $1,000 per coin. Or it may start in a month or two as you say. But at which price will it start? What if it starts at $2,000 down to $1,700 at best? The only part that I agree with in your post is that Bitcoin is still a secondary currency, and you shouldn't invest more than you can accept as a loss.