Hi,
I know you guys get asked this all the time. I'm new to cryptocurrencies, trading and I've never been involved in any sort of forums before either, so i'm sorry if I've posted in the wrong way.
I'm looking into the happenings at the moment and trying hard to catch up. It is a lot to digest and I think there are important dates coming up that I need to be wary of. It seems July/August are to be big dates for Bitcoin and I am trying to understand if i have already missed the boat and if the risk/reward is too high/low.
Am I right in thinking that the value of bitcoin could swing either way with a 50/50 chance after this date?
Is the current general thought for investors that after August, there might be a large dip, but it should recover to eventually get our 500k valuation (in a long way off), or if it goes south would it be dead in the water?
With the current spikes and new all time highs in the price, would I be buying in too high at this point?
Would i be better to buy as much as I can before these dates or would it be safer to wait until after and then buy in?
Sorry if have some misinformation.
Thank you for your time!
The answer to this question is all the same, Bitcoin in whole is a good investment option, but like most investments it doesn't come risk free.
At this point I would have thought that the price of bitcoin would be much lower and I probably would have bought some if the price was lower, but since the price is pretty high right now, I would expect a drop in price sometime soon, maybe in around the next 3 months I wouldnt be surprised.
Try waiting for a bit of time for when bitcoin does eventually drop and then invest and sell that later when bitcoin recovers again. By my estimations, I think that bitcoin should rise above 3k at the end of this year. Looks like a good time to invest into bitcoin when it drops eventually. I still think that bitcoin will recover from any losses. Good Luck!