Post
Topic
Board Speculation
Re: Buy now or wait for even lower price?
by
mcguire1905
on 05/02/2018, 23:09:00 UTC
I'm trying to figure out a right time to buy some more bitcoin. I'm having trouble deciding.

Would you buy right now (price over 7K USD) or wait to see if you can get it much cheaper?

I think it's probably going to keep dropping.  But, if you have the money to spare, you could buy a bit now and then keep purchasing a bit more over a period of time.

It's called "Dollar Cost Averaging": By dividing the total sum to be invested into equal amounts at regular intervals in hopes to reduce the risk of incurring a substantial loss resulting from investing the entire "lump sum" just before a fall in the market.