Is now the time to stock up on Bitcoin?

[IronViking69]

The little bit of money in my Bitcoin wallet has been plummeting the past month or so. Is now the time to stock up and wait for it to recover so we can save some money on future purchases? I’m curious to know what the investors here think.

 

[XXL]

Buy buy buy when it’s low. Never sell when low. If anything sell when it’s high and you made money. Never buy when it’s high.

 

[maldorf]

How about the effect of inflation of the US dollar. Isn't this a good time to buy because of this too? Wondering about the relationship between the dollar and bitcoin.

 

[FrancisK]

You think anybody that owns bitcoin is going to tell you not to buy bitcoin?

 

[sandiego_2008]

The energy consumption of bitcoin is very concerning for its long term viability. Cryptos offering carbon negative or carbon neutral is the most promising investment imo.

 

[TheOtherOne55]

Buy buy buy when it’s low. Never sell when low. If anything sell when it’s high and you made money. Never buy when it’s high.

The most obvious statement ever.

As far as bitcoin goes—buy it, use it, whatever. It'll be around for a long time. But if you were JUST getting into cypto and trying to get a return on your investment, i don't think i'd dive right into Bitcoin. Ethereum will blow. All of this is a long game guys.
I remember doing a project for some tech guys in LA back in early 2018 and they were buying as much Ethereum as possible when it was what, $220...somewhere around there.

I think most of us need to look at return on investment with this shit. Which has a higher chance of exploding?
I personally would bet on one that HAS NOT fully exploded yet (or very minimally). The people who made millions off of Ripple were like that.

 

[XXL]

I

The most obvious statement ever.

As far as bitcoin goes—buy it, use it, whatever. It'll be around for a long time. But if you were JUST getting into cypto and trying to get a return on your investment, i don't think i'd dive right into Bitcoin. Ethereum will blow. All of this is a long game guys.
I remember doing a project for some tech guys in LA back in early 2018 and they were buying as much Ethereum as possible when it was what, $220...somewhere around there.

I think most of us need to look at return on investment with this shit. Which has a higher chance of exploding?
I personally would bet on one that HAS NOT fully exploded yet (or very minimally). The people who made millions off of Ripple were like that.

It is obvious but the truth. There is more to it or course, but my advice is to buy now and sit on it. I made a killing on BtC last yr.

 

[FreakinHuge]

Look into polygon. That make transaction on the ethereum network cheaper and they have been signing new projects left and right.

 

[FrancisK]

Annnnnddd now we're pumping....awesome

 

[Matsuo Munefusa]

Annnnnddd now we're pumping....awesome

it was a short squeeze from 30k earlier after the correction. It likely will drop again deeper this time in the next few weeks after we're done squeezing.

 

[sandiego_2008]

The most obvious statement ever.

As far as bitcoin goes—buy it, use it, whatever. It'll be around for a long time. But if you were JUST getting into cypto and trying to get a return on your investment, i don't think i'd dive right into Bitcoin. Ethereum will blow. All of this is a long game guys.
I remember doing a project for some tech guys in LA back in early 2018 and they were buying as much Ethereum as possible when it was what, $220...somewhere around there.

I think most of us need to look at return on investment with this shit. Which has a higher chance of exploding?
I personally would bet on one that HAS NOT fully exploded yet (or very minimally). The people who made millions off of Ripple were like that.

If you look around, there are some very promising crypto projects offering 6 - 8 % APY. If one is able to stomach the volatility that comes with crypto, there isn’t a saving account in the US that can touch that, not even close.