Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?
thanks in advance.
How many people buy Bitcoin at the lowest level? Waiting for this causes many people to miss the opportunity. You can buy from this level and wait. You don't always invest in something from the bottom. Very few people can do this. Sometimes you have to enter the market where you feel and wait for your target. I don't think it's going to the lows that people are talking about. Even if it does, it will take a short time to reappear.