Is it a good time to buy Bitcoin or other cryptocurrencies right now?
Should I wait Bitcoin to drop $5000 — $3000 or $1000?
I am constantly getting these question from my clients / friends.
My reply is simple, you are an investor / trader, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts.
Don’t forget that there is no official Bitcoin price. Bitcoin’s price is set by whatever people are willing to pay. At the same time, Bitcoin doesn’t need to move up for you to profit in crypto. There are over 1600 coins / tokens available to buy / sell / trade and invest at this moment. It will be over 5000 in a few years.
Now let’s look at crypto from the investor perspective.
If you enter the crypto space 1 year ago, You made around 600% return!
If you enter the crypto space 6 months ago, You made around 200% return!
If you enter the crypto space 3 months ago, You made around 20% return!
If you enter the crypto space 1 month ago, You made around 100% return!
If you enter the crypto space 1 week ago, You made around 10% return!
They say :
Regular people will never use electricity!
Regular people will never use cars!
Regular people will never use computers!
Regular people will never use the internet!
Regular people will never use BITCOIN!
DISCLAIMER: Do your own resource and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice and if I really need to tell you this then it’s best to keep your money under a mattress anyway because when you lose it you’ll only blame other people for your mistakes rather than yourself.
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