Post
Topic
Board Speculation
Re: time to buy bitcoin
by
Joebobb69
on 26/01/2018, 17:09:03 UTC
For sure this is the right time to buy bitcoins because its price is very low right now. And also people who hold bitcoins should stay put because it is not good to sell bitcoin while the price is slow.
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For sure?  Nothing is for sure.  My bet is that Bitcoin is going to fall much further because people are now beginning to see that there is no intrinsic value in owning Bitcoin.  It doesn't even do what it was supposedly designed to do.  It's expensive to mine, it's bad for the environment, it has high transaction times and high transaction costs, and it has no value except what someone else is willing to pay for it.  It's a pure speculative play, and people are now beginning to realize that.  Not to mention that many banks and governments are beginning to prohibit it.  If you like to speculate, then by all means do so, but only speculate with what you can afford to lose.  Good luck.