Im starting to trade and i want your opinion:
Do you think that if i buy "x" amount of BTC for any price below $10,000 USD will get me a profit on a long term (>1 year)?
I know is unpredictable but i want to know what you guys think.
Thanks in advance.
In my opinion it won't be a good year to invest bitcoin. Since watching the price trend right now it may take a long time for it to rise again. From the time being let's just observed if the btc price will show signs of comeback.
Then why not throw some money, at least money that you are willing to afford to lose and then ride it along and waited it out till bitcoin recovers? For me this is a good time to buy and invest on it because its already too low, in my opinion.
No need to wait till it further go down, at $7K a pop, bitcoin is already a steal. Although we believed that this year is not going to be easy, but I'm sure that when everything settles down, we may again see another all-time-high. At least you will have your chances to make profit when we pick up and make a run at the end of the year.