Hello guys,
I'm happy to be part of this community, and so far I've realized that everyone is more experienced than me, so I don't know how logical it is to ask this question, but I'll ask it anyway.
Is it the right time to invest in Bitcoin?
All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...
Yes, it's too late to invest in BTC now to make a substantial profit, you're better off Investing/Trading Perps.
That's the short answer, unless you have millions to hold for a couple years, it wouldn't be something worth it, The early bird got the worm.
I'm going to repeat what i've been saying for years, BTC was made to ease transfer of funds worldwide, that is it's 1st main goal, if you have a substantial amount of Money you want to invest in Crypto, your best bet is either trading perps, or another way would be buying Bitcoin with it and then taking a crypto-backed long term loan with the crypto you've bought at ~87% LTV or above, using that money you've gotten a loan for to start businesses or invest in a multitude of things, if Bitcoin goes up, you pay from your businesses to get your Bitcoins back with the profits, If it goes down, you're not losing much.
You just don't pay it back and that's it, they take your Bitcoins instead.