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Is now the time to buy crypto?


Maniés

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The cryptocurrency market starts the week practically stable, with bitcoin in the same price range between $18,000 and $20,000. The caution of investors is justified by expectations around the release of inflation data in the United States, which will be released on Thursday (13). The monetary policy of the Federal Reserve (Fed, the country's central bank), with interest rate hikes, will prove effective or not in the goal of containing rising prices.

One of the ways to determine if you should invest in Bitcoin or other crypto may be to consider past performance. While not indicative of future results, it may provide some insight into what to expect.

During the first half of 2022, Bitcoin’s price tumbled. As of mid-September 2022 Bitcoin was trading at approximately US$20,100. Traders have offered numerous explanations for this rapid depreciation but this sort of volatility remains prevalent within the industry and will likely persist until a more compelling and actionable use case has been established.

Even if you were to purchase Bitcoin at a low price, ride one of its meteoric price hikes to big profits, and convert these to fiat currency, you may miss out on an even greater increase down the track.

Here is one of the many price predictions of BTC and what all of them have in common? They go up and up and up every year, so what is my opinion? Investing in longgg term,(HODL) as we are still in the beginning of it all. (I am not a financial advisor and you should make your own research about this matter). 

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Good post bro, I believe long term investing in BTC is smart because in 5-10+y I am almost sure that price will be much higher than now.

 

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