Post
Topic
Board Bitcoin Discussion
Re: Is it a good time to start buying bitcoins? Today at 09:12:42 PM
by
soham
on 19/12/2017, 22:26:57 UTC
Im a newbie both in this forum and the cryptocurrency subject, so I had been reading a lot and studying in the last couple weeks.But I still have some doubts. I always see people saying that there is a bubble in the bitcoin market and that there are many people who own big ammounts of bitcoins and can manipulate the market, so i dont know if now its a good time for a person who doesnt own any bitcoins yet to start buying then (i planned to hold them for a long time, not trading beetwenn exchanges) or if i should wait more. I also see fear about corrections and dont know well how those work and if they have an specific time to happen. Anyway, sorry for my bad english and thank you for the replies, even though I know im te only one responsable for my money.

Firstly, welcome to the crypto world. I have around 3 years of experience in crypto market. So I will recommend you not to wait before investing in bitcoin. However, don't invest all your money at once. Instead take a systematic approach. Invest a certain amount of money at a certain interval. It will let you accumulate bitcoin at various price points which will average out your investment price and lower your portfolio risk.

Also diversify your portfolio. Don't invest all money in bitcoin only. Try some other cryptos like ETH, LTC or whatever you feel best. Diversification will help your portfolio in hard times. So don't wait for the right time to invest in cryptos, because the current price point may not come back again.