Hello!
Thanks for reading this topic.
I have some money at the bank which I actually don't need. The interest rate is a joke, so I'm looking for long term investment.
BTC price is kind of high right now if you look at the charts and history. But I read a lot of topics and it looks like this doesn't matter at all.
Let's say I want to buy like 2BTC. Do you advice to do it right now or wait till when?
Thanks!!!
I wouldn't recommend you invest anything major right now. The rule has always been buy the rumour, sell the news. Right now bitcoin is essentially filling up all the front pages available both on the internet and on print, so it's overhyped right now.
We are in an obvious bubble and to buy into it would mena that you are risking to lose the majority of your savings, if a sudden dump happens. Now this might not seem likely at all right now but trust me, everything looks rosy when it's so high.
If you are really wanting to get to know bitcoin a little, then buy like <$100 worth so that you can't lose too much. Buy at the dip, around $2500-$3,000 would be a good time to buy.