Post
Topic
Board Speculation
Re: best time to buy bitcoin
by
Alopu
on 17/03/2018, 15:31:29 UTC
There is no best time to buy Bitcoin.

Searching for the best time betrays a focus on short-term price performance and chasing quick returns. This mindset is ill-advised. Serious Bitcoin adopters do not care about short term profits, and anyone eager to buy Bitcoin also should not. Bitcoin is a revolutionary form of sound money, not a get-rich-quick scheme.

But Bitcoin is also a patently contrarian investment and somewhat unintuitive to boot. Seeking a modicum of advice before exchanging fiat currency for cryptocurrency is a rational choice. Except advice premised on a best time is bad advice.

Good advice: adopt three incredibly simple principles before buying a single Satoshi. Educate yourself, buy the dips, and never sell.