Is Now a Good Time to Buy Bitcoin : Complete Analysis

in #bitcoin7 years ago

Well guys as you know bitcoin falls down in around 2 days and there is no chance it will bounce up again till next week.
So Many of you thinking about investing in bitcoin , but is this a good time to buy bitcoin ?? Here we will discuss about this.

bitcoin-invest.jpg

Should you invest in Bitcoin ?

you can likely observe that the appropriate response isn't that simple. If you know basic things about trading bitcoin or any other cryptocurrency you can definitely invest in bitcoin. It's all your choice. Think and go step ahead but remember this is a market of risks.

Is Now a Good Time to Buy Bitcoin ?

Well, there is one more question hidden in this question - When is a good time to buy Bitcoin?
To answer that inquiry completely you have to ask yourself, Why are you inspired by Bitcoin?

Are you basically keen on it ?
Then you are not suited for Bitcoin. At the point when the value swings viciously descending you will scrutinize your life and we should post the suicide hotline for you. You will likewise be well on the way to lose your Bitcoin in a trade hack or overlook your private key.

Are you interested in Bitcoin because of its repercussions and you have enough money?
Congrats ..You are the ideal contender to possess Bitcoin :)

According to a reddit user -The best method for investing in bitcoin is Dollar Cost Averaging. I am totally agree with this .
On the off chance that Bitcoin goes to the higher value you won't make as much benefit as though you put all your money in on the double.

Yet, in the event that Bitcoin goes down in value, you will be to a great degree content with your methodology of Dollar Cost Averaging. You will wind up owning significantly more Bitcoin with a much lower cost premise.

So now you have an investment strategy go ahead and do some research in crypto field and you you will get best result.

businessman-3124113_1280.jpg

And at last the answer of title questions :- No..It's not .

Best of Luck !!

Sort:  

Better now than when it is at 20K

I don't think so..it will go more down

Congratulations @yourguider! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @yourguider! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!