I was buying some Bitcoin the other day. My online group members were asking me not to because the price is too high. I didn't hesitate and bought some.
Yes, I approve that the price is high and so the risk is high too.
But something was in my mind:
A festive season is coming in the next month so I'm hopeful the price will get a bit higher.
BTC prediction is also quite high, though on average it will be around $50-$60k.
I will not hold it for longer, if the price goes more than $65k, I will probably sell it.
I know this is not a good investment strategy. I'm also not a BTC holder. But this time, I need some quick money and thought December would be a positive time to do that. I didn't buy a huge amount but a decent one and wouldn't wait to double it. Rather would sell it if I get to see a decent surge.
So is this a bad time to invest in BTC or overall crypto?
I guess it's not too late.
Major coin and tokens are at a good rate. It's not dipped nor it will be dip sooner (from my point of view). So waiting means we are losing the opportunity. Better I'm taking the risk.
2021 is the year of BTC. I can remember, I was so happy when it cross the $40k line. Now $40k seems like a dip. This change in the market is amazing. Also, market analysis saying, it will rock on the next year too. Also, the market was quite stable for the whole year, except in May. But that was also higher than other years.
So think about it.
Who knows, maybe we would see $100,000 in no time.
I wouldn't suggest anyone follow my path, invest at your own risk.
Thanks for reading my post.
@iamjohn
I believe it is right time to invest in other coins such as AWC token that has potential to escalate very high. I see AWC token as next Bitcoin in the making, so to avoid taking huge risk, it is perfect to buy more AWC token and probably stake it for passive income. More about AWC token - https://atomicwallet.io/token