Topic: Is right now a good time to buy Bitcoin / Ethereum? - page 5. (Read 4284 times)
this time is not the right time to buy bitcoin because bitcoin price right now is too much higher than i expected this past few months i thought bitcoin could reach this amount when this year ending but im wrong so just wait till the drop of price of bitcoin before buying for you to have a good back to your money what you invested
try looking around for a little and see other people asking the same question each time price rises. the answer for bitcoin is always the same, it is a good investment but it is not risk free.
as for Aug 1 we don't know what will happen, and large dip is not "general thought" of investors, you have been reading some FUD.
as for your main question look at this way:
bitcoin:
has real demand.
people invest in it as a store of value, as a strong technology that has been working perfectly without any problems for 8 years.
it has a solid developing team. the code is reviewed and it is bug free.
hackers have been trying to hack bitcoin, attack the network, ... for 8 freaking years and they have never succeeded.
people are also buying bitcoin because it has real world usage as a currency. you can buy almost anything with it these days. there are thousands of merchants accepting it. there are 200,000 merchants in Japan alone.
countries have either embraced bitcoin as a legal method of payment or are thinking about it
ethereum
it is centralized, don't expect any change that community wants but expect any change that the developers feel like it. hint: DAO roll back, Difficulty bomb, Change of POW,...
has no real demand apart from speculators, idiots who are forced to buy ETH tokens to invest that in ICOs
it has not been around for long, it has lots of bugs and exploits.
it has a terrible scaling issue which has led to $1 transaction fees even with fast (15 second) blocks and no backlog like bitcoin has!!!
running a full node is extremely hard and much more expensive than bitcoin and that leads to more centralization and lack of nodes as time goes by.
it is not even a currency! it is a platform for smart contracts and it is not doing it well enough a better platform can easily replace it. some even believe RSK will do that soon.
as for Aug 1 we don't know what will happen, and large dip is not "general thought" of investors, you have been reading some FUD.
as for your main question look at this way:
bitcoin:
has real demand.
people invest in it as a store of value, as a strong technology that has been working perfectly without any problems for 8 years.
it has a solid developing team. the code is reviewed and it is bug free.
hackers have been trying to hack bitcoin, attack the network, ... for 8 freaking years and they have never succeeded.
people are also buying bitcoin because it has real world usage as a currency. you can buy almost anything with it these days. there are thousands of merchants accepting it. there are 200,000 merchants in Japan alone.
countries have either embraced bitcoin as a legal method of payment or are thinking about it
ethereum
it is centralized, don't expect any change that community wants but expect any change that the developers feel like it. hint: DAO roll back, Difficulty bomb, Change of POW,...
has no real demand apart from speculators, idiots who are forced to buy ETH tokens to invest that in ICOs
it has not been around for long, it has lots of bugs and exploits.
it has a terrible scaling issue which has led to $1 transaction fees even with fast (15 second) blocks and no backlog like bitcoin has!!!
running a full node is extremely hard and much more expensive than bitcoin and that leads to more centralization and lack of nodes as time goes by.
it is not even a currency! it is a platform for smart contracts and it is not doing it well enough a better platform can easily replace it. some even believe RSK will do that soon.
Please you can try to buy both of the coins. Rmember etehreum will migrate to the pos system in the future and that makes the price will be doubled and bitcoin with the scaling agreement and will be good for you to fill your portfolio with both.
Bitcoin is considered a safe haven for investors and you should quickly buy lots of it right now while it's still in $2700 something in it's all time high, when it surpass the $3000 barrier it would be probably to late cause it might be to expensive for you as an investors or maybe not. Dont invest your future in some altcoin that is currently hype cause they're only good in short term profit and ETH is centralized, buggy, that is owned by bankers and only has little support from the commumity while bitcoin is widely used in terms of goods and services, decentralized, anonymous and it is widely adopted in many countries, use as payment method in both local businesses and online.
Hi,
I know you guys get asked this all the time. I'm new to cryptocurrencies, trading and I've never been involved in any sort of forums before either, so i'm sorry if I've posted in the wrong way.
I'm looking into the happenings at the moment and trying hard to catch up. It is a lot to digest and I think there are important dates coming up that I need to be wary of. It seems July/August are to be big dates for Bitcoin and I am trying to understand if i have already missed the boat and if the risk/reward is too high/low.
Am I right in thinking that the value of bitcoin could swing either way with a 50/50 chance after this date?
Is the current general thought for investors that after August, there might be a large dip, but it should recover to eventually get our 500k valuation (in a long way off), or if it goes south would it be dead in the water?
With the current spikes and new all time highs in the price, would I be buying in too high at this point?
Would i be better to buy as much as I can before these dates or would it be safer to wait until after and then buy in?
Sorry if have some misinformation.
Thank you for your time!
I know you guys get asked this all the time. I'm new to cryptocurrencies, trading and I've never been involved in any sort of forums before either, so i'm sorry if I've posted in the wrong way.
I'm looking into the happenings at the moment and trying hard to catch up. It is a lot to digest and I think there are important dates coming up that I need to be wary of. It seems July/August are to be big dates for Bitcoin and I am trying to understand if i have already missed the boat and if the risk/reward is too high/low.
Am I right in thinking that the value of bitcoin could swing either way with a 50/50 chance after this date?
Is the current general thought for investors that after August, there might be a large dip, but it should recover to eventually get our 500k valuation (in a long way off), or if it goes south would it be dead in the water?
With the current spikes and new all time highs in the price, would I be buying in too high at this point?
Would i be better to buy as much as I can before these dates or would it be safer to wait until after and then buy in?
Sorry if have some misinformation.
Thank you for your time!
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