I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.
I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.
I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.
What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
At this point see BTC savings and diversification instrument, rather than investment. If you nog going to actively trade it then do not expect it to bring you any meaningful income, and if you do going to trade, oh boy you need more luck then in a casino.
Those who are investing now will surely be so lucky now a day price is really good we are at low price zone later on price will be high so better not to spend your time uselessly, buy now 2019 will make price high are for all of us we should take advantage of low price, as since long we can see market use to increase and decrease, now it is at low price later on it will be high.