Post
Topic
Board Speculation
Re: Experts: Investing in Bitcoin now?
by
player514
on 02/03/2018, 17:52:52 UTC
Would it be a smart move? i know no one "knows" but what do you think? I'm thinking long term, 5 years.

Appreciate all the advice.

We're at a stable spot right now, so I think it's really your call. There's a chance that we might shoot downwards and then correct right after that, but there's also a chance that we'll shoot upwards and correct at some point in the future.

If it's the first situation, then you're much better off just waiting out a drop and then buying when bitcoin is in the red. That would basically guarantee you profits because we know that bitcoin, especially as of now, has a stable price of 10,500-11,000. If it's the latter, then I guess it would make sense to buy now, but you also run the risk of it going downwards, so I would suggest just waiting out to see what the market does after this stability period.