Is now a good time to buy bitcoin?
Find the right time to buy
In theory, it makes sense to invest when the price of an asset is low and then sell it when it peaks. However, this is much more complicated than it sounds. Timing in the market is incredibly tricky, and with cryptocurrencies it is even more difficult because these investments are much more volatile than traditional stocks.Cryptocurrency prices are changing rapidly, so it is almost impossible to try to find the perfect moment to buy. If you buy now because it looks like prices have bottomed out, chances are they could drop even more and you are investing too early. But if you wait too long, prices can skyrocket and you miss your opportunity. Cryptocurrencies also don’t have a proven track record like stocks, so one can only guess if these currencies will recover from the downturn.