Is it wise to invest 1k into Bitcoin at this point? - page 4.

shirackjs

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Quote from: Fun4Me2 on August 16, 2017, 01:21:32 PM

Im more so into long term investing, I will be purchasing other coins as well. I just wanted to know if it was wise to add bitcoin to my protfolio

Yes it is wise to invest in Bitcoin. There are some expectations of Bitcoin going through correction since the price rise steadily for the past weeks. If you buy at high price now, the opportunity cost will be losing the chance to buy at lower point. For me, I will buy at this point of time since I am holding for long term. And no one knows what is the lowest price if correction happens.

Fun4Me2

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Im more so into long term investing, I will be purchasing other coins as well. I just wanted to know if it was wise to add bitcoin to my protfolio

Catmony

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Its better to invest that $1k in multiple coins rather than only in bitcoin. Invest 50% of it in bitcoin, 30% in ethereum and 20% in litecoin. In this way you can limit your risk of losing all you have and also this can increase your chances of making good profit in long term holding.

The Sceptical Chymist

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Top Crypto Casino

Dude, this is a bitcoin forum and all you're going to hear is people telling you it's a great idea. Do some reading here and you'll find an answer to your question one way or another.

Personally I think it's a good idea, but bitcoin is very volatile and very risky. If that $1000 is extra money, go for it. If you would be suicidal if you lost it all tomorrow, don't do it. And don't listen to people who tell you to buy their pet shitcoin. They're bagholders looking for a sucker to unload on.

leonair

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For me it is okay as Bitcoin only did some corrections but I think it will soar high again after the Segwit will be fully activated, don't expect a dip in price cause for me it is not likely to happen the resistance is strong in $4000 so my advice is go for it but take the full risk at your own. It is much better to invest until the year 2017 ends instead of investing for a short term so good luck to your $1k.

BrewMaster

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There is trouble abrewing

for short term the risks are currently higher since bitcoin price has been rising with little stop so far it may need a longer correction than what we just saw in previous days.

but for long term investment, there is so little to worry about as bitcoin price will rise in long term for sure.

jc89

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It actually depends on how long are you planning to invest. Today, we had value as low as $3985 and the highest is about $4400. I think it's better to wait for not higher than 4100 before you invest.

If you are planning for a long term investment like minimum of 6months to 1 year, then you can invest your thousand by all means. But I'd rather you study the trend first.

michkima

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Quote from: Fun4Me2 on August 16, 2017, 12:38:42 PM

What is your input?

1k isn't much to be honest. Though I would say that it is still good to invest into bitcoins. I would say before the end of the year we could
even reach $10,000 each at this rate. Also, after all the drama about the forks the past couple of months this is really a good time to invest
as it has already been cleared and bitcoins is gaining a lot of popularity.

Cult

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Enter the future of gaming

I wouldn't advise someone to do it.

Invest in shitcoins instead. Cheesy

Litecoin, STORJ, FLO, LBC, AMP, VIA, great buys at this point.

Remember, don't hold shitcoins forever, sell when in profit.

Fun4Me2

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What is your input?

Topic: Is it wise to invest 1k into Bitcoin at this point? - page 4. (Read 2087 times)