I've been wanting to invest in Bitcoin since the 3k$ mark. But I just haven't had the time, yes I know it was a big mistake waiting...
But I have about 4000$ to invest into Bitcoin (It's currently sitting with shares, will take a few days to pull out), I was wondering is it too late to invest it? Will it still grow?
first off, take anything you read on this forum with a grain of salt. we have our share of trolls on both sides: permabulls who think BTC will become the world's reserve currency next week, and permabears who are still talking about triple-digits.
personally, i hate when people ask me for advice about entries. in a long term speculative sense, i think it's
always a good time to buy some BTC if you don't own any at all. cryptocurrency will transform the world economy and at some point, i believe there will be a very large transfer of wealth from today's economic powerholders to the crypto-rich. on what timeline that takes place? i don't know. the 2013 rally is a good example: buying at $1000 looked like a great idea on the way up. but then you had to sit through 3 years of market action to see any returns on it.
Will we see a big drop/crash soon?
it's impossible to say when it will happen. i wouldn't be surprise to see a blow-off top into $25,000+ first. but i think there will be an epic crash in the next couple months. i have $$ waiting on the exchanges to buy the blood.