RE: Why "now" is not a good opportunity to buy (and hold) Bitcoin

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Why "now" is not a good opportunity to buy (and hold) Bitcoin

in bitcoin •  8 years ago 

I would say that for Ethereum and the likes it's more likely we're closer to the top than the bottom in the near and mid-term. Look at the market caps, those are not peanuts anymore and it's almost entirely speculation, not usage, that is driving the price.

Sometimes it's best to simply not do anything and accept that you've missed the train and that you should wait for the next one.

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Yeah I understand. Really much speculation is going on there and I will keep my feet still and watch. Also I think it's a good strategy to not invest all your money at once but to spread it over time