Buy Bitcoins? You actually can buy Bitcoins. We already know Bitcoin is digital money. One of The most talked about technology in the world, today. It also doesn’t depend on any governing body or even it’s creator, Satoshi Nakamoto and doesn’t have a single administrator.And also has no central bank. Now we that, the main question now is “When is the right time to buy Bitcoins“.
When is the right time to buy Bitcoins:
“When is the right time to buy Bitcoin”. When such question arises, there are things you have to look out for. If you say you want to invest in Bitcoins. What do you really mean? Do you want to buy Bitcoins and hold it until it’s value goes up so you can sell? Or do you want to invest in Bitcoins related companies?.
- Buying and Holding :
You just want to buy Bitcoins has much as you can afford and wait until when the price of Bitcoins will shot up, so you can sell. You are Buying and Holding. In this case, I don’t think there is actually any such thing as the right time to buy Bitcoins except when you have enough money on your part to buy Bitcoins. Am not sure anyone’s advice really counts in this case you just have to decide for yourself after doing your own research on Bitcoins. Bitcoin is not a Ponzi scheme, so I don’t advice you to expect much or quick returns. So I’d advice, before buying, educate yourself.
Obviously, one shouldn’t invest in what you do not understand. So educating yourself implies here too. Do your homework, research, read posts until you feel you know enough to dive into Bitcoin trade. This is not entirely different from “Buying and Holding”. But here, you are actively trying to buy Bitcoins at a low price and hoping to sell them back at a higher price in a relatively short amount of time. The big players already in the network are waiting for you to come in and sell your Bitcoins aimlessly.
The question “When to invest in Bitcoins”, after reading what is above, it shouldn’t seem like an easy question to answer now. Also generating the question “How should I invest”. Like I stated earlier, educate yourself well enough about how it works and the risk. Make researches and read posts.
For me, there is really no right time to buy Bitcoins or to invest in them either. I want it, I go for it.