Bitcoin is about hitting the $7000 price. Is it a good time to invest some savings into Bitcoin?
This is an interesting topic and I share my opinion about it. View the original post on Musing.io (Quora of Steem Blockchain)-:
Before answering your question i would like to ask you why you have not invested when Bitcoin price was low? why you want to invest in Bull Run this shows that you have not studied properly, I would suggest you give some more time to study and research on Bitcoin behavior. Investment at this time could be risky may be market get crash. you have to wait buy the bitcoin its price is stable and hold it for long term.
At the moment investment in Bitcoin could be risky because most of the Altcoin price is low like Steem, Rise in bitcoin price may be because of flipping of Crypto currency which most of big trader do which requires very high skill of investment and research. this big trader will sell bitcoin at high price and buy Altcoin at low, in that case bitcoin price will crash. It is good sign that Bitcoin showing recovering phase but at same time it is not good time to invest in Bitcoin.
Crypto market is very volatile, you should only invest what you can afford to lose. Answer of this question is my personal opinion do your own research before investing
If you like my work, Please Upvote, Follow, Resteem and Comment!...You may also continue reading my recent posts which might interest you:
Comments