Will Bitcoin Crash So I Can Get Cheap Coins?
The chances are growing slimmer that Bitcoin will crash to very low levels. That’s because, the more this currency grows in popularity, the less likely investors will allow it to reach low amounts.
There are too many people itching for the coin to drop back down to $5,000 USD each to buy in. Think of the “trend” of this currency as an equilibrium that slowly rises. The price may spike, and the price may plummet, but the value always evens out to the trend line.
So, if you’re expecting the coin to go down in price before you invest, then you might be waiting quite some time and miss a valuable opportunity to get involved in this emerging world.
For example, let’s say the price is $8,000 each now, and you’re waiting for it to crash to invest. The price might rise up to $9,500 before it crashes back down to $8,200. Do you get what I mean?
The opposite might also be true. You might invest now, and then right after you do so, the price might plummet. You may beat yourself up, but don’t bother doing so; there’s no way you could have predicted!
Allowing your emotions to determine your investment decisions will only do more harm than good in the long run. As the Sweatcoin Guide to Investing in Bitcoin explains, it’s best to keep small and frequent investments. You’ll be pumping your extra funds into the coin whether it’s high or low, and you can adjust the volume of these micro-investments over time as you see fit.
Read the next article if you somehow have Bitcoin and aren’t sure what to do with them.
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