This thread was started in Oct. 25 when the price of bitcoin is around $5,700. If you keep on waiting till today, the OP has already lost and missed the opportunity to gain. You could have been doubled your bitcoin by today's price. So what does this means? Simple. There's no right time or wrong time to get into the market. The sooner the better. The chances of you getting big profit by just sitting your bitcoin in your wallet in very high.
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nvesting in cryptocurrencies involves very high risk, as prices have been extremely volatile. Many experts are sceptical about bitcoin as an investment primarily because there is nothing for them to analyse. Vivek Belgavi, Partner and Fintech Leader, PwC says, There isnt enough of an ecosystem surrounding bitcoins to allow fundamental analysts to study it as an investment. People are therefore investing with imperfect information and joining the herd of speculators. Since these cryptocurrency ..
I don't care what does the so called expert are saying about bitcoin. Used your common sense here. If you follow them (most of them are skeptical) then you have lost as well. I also believed that bitcoin market is based on speculation. But this factor really drove the market price to go an upward or downward trend. But its not that important because by the rate the price going up and the demand, all their skepticism are worthless. Used your better judgement here.