Post
Topic
Board Economics
Re: Should I stop Buying BTC?
by
kevpantof
on 17/10/2017, 07:27:23 UTC
Even Bitcoin doesn't pump all the time. When this pump is over it will deep. It will be worth more than 5000 USD in the future, that's true. But why buy it at 5000USD, when you can get it cheaper after this pump finishes.
There is another question here, what if when this pump finishes price of Bitcoin stays more than 5000$? I have seen cases like that few times not. I think that it is always good time for buying Bitcoin, because no matter how much you pay, price will still be going up and up. I follow Bitcoin for few years now, and few times i thought it would be wise to wait and buy at lower price. Most of the time i was wrong, because price keeped on rising, and I always thought that i should have bought when i had the chance. Therefor, buy if you want and have founds to buy.
There is no way that you can get anything fruitful if you plan of stop buying of bitcoins. In fact you cannot get any kind of profit if you have no bitcoin in your wallet. The market price of bitcoin is and will keep on increasing high, so we need to take advantage of this moment and should buy as many bitcoin as we can. This is only thing which can help you in making more money.