Question of the day. A reward(SBD) for the best answer.
If you have 1 month experience of cryptocurrency(Bitcoin) and you have seen that on 9 October it was on $4.4k and now its on $7.1k. Today it is dropped 1%. So, you don't have the best idea of whether it will go up or go down in comming days but there is a talk in the market that it will go to $10k by the end of this year. You are in thought of buying bitcoin.
So, will you buy the bitcoin now?
Question: will you buy the bitcoin now? and why?
@originalworks
It all comes down to your ability to both invest and weather the storms. If you are just getting started then I would suggest doing the $100 coinbase account where you still receive the $10 free when you deposit money. This way, you can get your toes wet and have 10% safety margin or at least afford a free buy and sell order.
https://www.coinbase.com/join/5278eeedcd995dcfbc0000e0
You are more likely to make money by buying and learning bitcoin than you are having the money sit in a bank account.
ok, thanks for comment.
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BitCoin is digital gold.
It's always a good time to buy gold.
yeah, but there is also a time when the price of gold goes down.
Only seeing 1 month and not being able to see previous trends, does make buying something at such a high price a bit scary. But, if the prediction was that there would be a 40.85% increase in value in 2 months, then it would be a tempting buy.
The 1 month chart shows multiple dips, but that it is always going upwards in trending. It would be believable that the future trend would be upward, without knowing any other possible outcome. The chart also shows a couple of spikes, which could lead one to believe that the increase to $10k could come all at once or it could increase to a level higher than $10k and then drop back down.
The deciding factor would be that there was a 38.40% increase in the past 30 days and 25% increase in the last 15 days, so without knowing any past trending or news to tell future trending, it would be a conservative estimate that it would not make a 40% increase over the next 60 days.
So... Buy! Buy! Buy!
Your answer is very much liked. Thanks for sharing your thoughts.
This post has received a 0.22 % upvote from @drotto thanks to: @aonraza.
It has 1 more week in which it could possibly go up and then I think $4000 - $5000 here we come. Why?
Altcoins are way oversold. Will all of them bounce back, no. Will the stronger ones regain some of the profits they had earlier in the year. Most likely. Will we see alt all time highs, doughtful.
End of the year is coming up so not much new money is likely to enter the space as investing slows and profits are taken for Christmas.
With that said, crypto is irrational. Anything can happen.
yeah thank you. your answer is appreciated.
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