I was thinking, because of Bitcoin price skyrocketed, would it be wise to buy bitcoin now? I have some bitcoin in wallet, but nothing much, and i was thinking to buy some bitcoin more. But because of price rising in last few days i am not sure what to do, because if i buy now, maybe price will go down and ill lose profit, or maybe it will go up and i did not buy so ill lose profit too. What are your thinking on matter and what do you think how much will price of bitcoin rise this year?
In my own opinion, i think the best way to buy bitcoin if you are planning to buy, is when its price is very low. In that way, you can buy as much bitcoin as you can in a large amount. Then the next thing you will do is to wait. Wait until the price of bitcoin increase again. Then if you think that its the right time to sell your bitcoin, dont sell all of it. Left some of it in your wallet then do the process again. You can also increase the amount of bitcoin you have by earning it.