Post
Topic
Board Bitcoin Discussion
Re: How reasonable is it to invest in Bitcoin in the current situation?
by
qwertyup23
on 26/11/2021, 17:22:03 UTC
At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?

Currently, the price of BTC dropped significantly starting from $60,000 to only $54,000. As someone who HODLs my BTC for long-term gains (around 5-10 years), it is definitely a reasonable time for me to invest and purchase more in order to maximize my earnings. Since we all know that the price of BTC increases every time there is a fork, it is no-brainer for me to invest and purchase more.

Though this depends on your goal on your investments, generally I would definitely recommend to invest more for long-term gains.