The price of Bitcoin is climbing. There’s no doubt about it. But while the prices are high, should you buy? In an ordinary scenario, most people would say no. The whole idea is to buy low and sell it high. But with the rapid growth of Bitcoin, some are wondering if we’ll ever see prices this low again in the future.
Think about it. There’s a possibility that the price could get up so high that the next low is in the $200 range.
In my opinion, however, I don’t think that’s the case. I’m holding my coins (all two of them, at present) right now, and waiting for the bubble to burst before I scoop more up.
By the way, this bubble I mention is nothing to be afraid of. It will give you the opportunity to pick up Bitcoins at a lower price. Not only that, but it’s inevitable that the value will go up again, so you won’t be stuck with worthless virtual currency (or at least that’s the hope).
So, should you buy Bitcoin now? It’s up to you, really. In the short-term you may see losses, but many will have you convinced that in the long-term you’ll see a growth in the value of the coins you’ve purchased.