Is it too late to buy bitcoin?
As bitcoin price goes up to almost USD$20,000 and you might think “Is it too late to buy bitcoin?”, “Would it go up any further?”
You are in luck today as bitcoin drops almost $7,000 from it’s all time high to $13,000. It is a sale day and it is a good time to get into the market. As most of us would know if you have trade shares before that share price goes up and down all the time. More so for the coin market as a 50% drop is not uncommon.
The fact is the price of bitcoin always regain it’s value and more after the “crash” or “correction”. Whatever name you want to call it. You can look back at the history of the price of bitcoin. The reason that the price drops so much is because big whales are manipulating the market.
It is never too late to buy bitcoin, especially now. Hold you current holding and buy more. It is still early days as bitcoin just started to go mainstream. The market capitalization increased from around $140 billion to current $546 billion. Two of the biggest exchanges in USA, Cboe Futures Exchange and Chicago Mercantile Exchange (CME) have started trading bitcoin since 18 Dec, 2017. More exchanges will follow worldwide.
It is still early days and if we use the scale from 1 to 100, from start to when the coin market fully matures. I would say it is about 5 at this moment. There will be more and more money getting into the coin market as time goes by.
If you think $13,000 dollar bitcoin is too expensive for you then you can buy and invest in altcoins. There are many good investment at this moment. Besides, you don’t have to buy one bitcoin, you can buy a fraction of a bitcoin. If bitcoin price increase, you will still gain the same percentage whether you hold one bitcoin or a portion of a bitcoin. Some people predict bitcoin price could go up to $100,000 or some said $1 million dollars. We would never know until it becomes reality. The matter of fact is bitcoin will still increase in price short term.
If you are going to trade the market, I suggest you brush up on share trading techniques. You don’t want to lose all your hard earn money. Remember, buy low sell high.