I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
No this is not the right time as the prices of bitcoin are very high now .
Its has crossed over $900.
So i would recommend that you should wait for some months , and when the prices will fall to around $700 something,
Then buy a lot of bitcoins .
The profit is that , when the prices of bitcoin will cross $1000 or $2000 by the end of this year,
That time you can convert your bitcoins.
This way you can keep earning bitcoins .
So i suggest that you wait now for the prices to fall and then buy bitcoins .
Thanks
In other words, you're kind of late if you're going to invest now. He said to wait for $700 simply because it was the bottom of the previous dump. It's around $760, btw. There's no assurance that the price of bitcoin would be reaching somewhere $700 again. We're back to $900 and I think noone's selling their bitcoins that much because most whales have bought more bitcoins at $800. They most probably are just going to hold it until we reach their desired price.
Personally, I would take the risk and buy at this amount. We don't know maybe tomorrow or next week the price would go up again. I just don't want to wait for a lower price but end up buying at a much higher price.