Post
Topic
Board Economics
Re: What is your best investment strategy?
by
deisik
on 16/03/2017, 12:40:55 UTC
Right now I don’t have enough bitcoin to make any kind of investment, I plan to buy bitcoin, but I don’t know, it seems to be very pricey at this time, so I will wait for a month, if after that bitcoin is still that expensive than I will buy since that means this is the new floor for bitcoin price.
Do not wait for the chance was gone. the current price down quite a lot should you consider this as an opportunity to buy. if you think there is still expensive then in the future it will bitcoin prices two times higher than today

Waiting for the price of bitcoin to fall will take time and don't doubt bitcoin's price now. If you'll buy on it's high price then you will see that the price of bitcoin will keep on increasing so if you'll buy right now still the profit for you is possible. This is the best investment that I did and I can say that it's really profitable if you will trust.
Buying right now when bitcoin is close to its all time high it is a mistake, if the price were to drop to the levels we had the previous year like the 600 range then you will probably end up with your money frozen for months or even years, or most likely you will end up selling for a loss

You don't know that for certain

Unless you are a huge whale who is going to dump his thousands of bitcoins, there is no way to know or tell beforehand whether Bitcoin is going to plunge massively or continue soaring heavenly. There is a trading wisdom which says that it is always the right time to buy as well as to sell, so you should just follow the trend. Statistically, if you follow the trend you will be right most of the time since the trend has more chances to continue than to reverse at any given moment. Just don't jump all in and you won't have to jump all out