You are viewing a single comment's thread from:
RE: Remember: In the final era of BTC under $5000
No Sir, I disagree! BitCoin moves in boom-and-bust-cycles. The spike we have been seeing throughout the summer will very likely lead to a major 20% to 30% correction towards the end of the year.
Those buying right now are very likely to sustain heavy temporary losses. The perfect opportunity to buy into BitCoin should come at the end of the correction which could go as low as $3,600 as sources like CNBC predict.
Hope this piece of advice helps some people out there find the perfect price point to get into BitCoin.
Cheers and steem on!
Stefan
Hi Stefan -- I always respect opposing views. I'm certainly not predicting that the volatility in BTC will be over (in fact I expect it to increase) -- nor do I believe that it will never be substantially below $5,000 in the coming months. But Bitcoin is unlike any other investment in the history of mankind -- for too many reasons to list here in a reply...
But consider:
Good luck to all -- and yes, only invest what you can afford to lose.