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.
if you have been playing with btc for a long time, now is a good time to buy it because no one can guarantee that the price will drop in the range of 12k - 16k, but in investing you certainly have analysis and reference in making decisions.
A wise investor must be consulted to follow the right time to invest. It is true, however, that one must analyze well before investing so that it can be held for a long time. But the Bitcoin market may never be seen again between $12k and $16k. Although the market went down a lot at one point, it has now rebounded. Since the Bitcoin market is in a position right now, investing from it is definitely possible to profit in the future. Right now the price of bitcoin is $29k dollars and I think buying and investing in bitcoin from this current position will surely give good profit in long term.