Many new Bitcoin investors are confused, they are wondering whether it is a good time for them to buy and hold Bitcoin at this time.? We know that Bitcoin is currently in a volatile market, which is why we have seen Bitcoin fluctuate between 112k and 116k for several weeks. Which is why many Bitcoin investors are confused about accumulating more Bitcoin. I mean should they buy Bitcoin at this time?
Definitely such enthusiasts who are skeptic about when to buy their bitcoin exists and the impression has been a misleading causing them to miss opportunities of buying in the early times. Those are actually reacting according to lack of their knowledge because at any given time as long you have the money to buy is always the best time. Timing when to buy should be an accumulating strategy probably buying on the dip or based on the availability of when you can afford to buy more.
Anyway, I bought $963 worth of Bitcoin a few weeks ago for 107,000×0.009 dollars..But it is currently making quite a profit from my purchase, which is why I am thinking of depositing some more Bitcoin with it. Especially since I have seen comments from some experienced people where they are constantly discussing Bitcoin, and they are predicting that Bitcoin can hit 130k to 140k within 2025.
Do you think it would be right for me to buy Bitcoin at this time? I am waiting for your comments.
When you earlier mande mentioned "newbies", did you also involve yourself? Because I suggest this question should come from newbies.
It is obvious that you are only doing future trading since you are looking out to buy based on what you expect the price to sit in the short term. However, you can still buy but know it is risky to believe you can actually make profits in the short time.