Is buying BTC right now at an all time high a bad idea
Is buying BTC right now at an all time high a bad idea
Sorry if this is a stupid question I am only new to this. I’ve been trying to get into crypto but it has all been abit confusing and stressful for me. I was just wondering whetter it be a good or bad ideas to buy BTC right now at an all time high. I am looking for a long term investment and was just looking to add a couple of hundred bucks into a coin and add some off my pay check every week into it.
Bitcoin and crypto runs on 4 year cycles bill and bear runs
It always drops a substantial amount after a peak That’s a fact
People might down vote me but it’s the truth
Personally I’m not adding now, bad time
My BTC cost basis from the last peak was about $55k. I brought the average down through the bear market but after a few years of pain, I’m way up now. If you can stomach a potential large drop but have a longer investment horizon then BTC is a great option.