You are viewing a single comment's thread from:
RE: Must Watch! IMPORTANT UPDATES: Stocks, Bonds, Gold, Silver, Oil, Crypto. By Gregory Mannarino
...I hope so! I've only just taken my first steps into crypto. I only have a fraction of a bit coin to my name at present. Going to be patient and hope that I can buy on dips!
The thing that you have to keep in mind is that you need to keep BTC in perspective towards other stuff. We know that there is 21mio BTC in existence and there is about 171000tons of gold in existence. If we would compare the pair 1:1 you would get 8,71 kilos of gold for a single bitcoin. What would you do today if someone offered you 8,71 kilos of gold for 1600€? Would you buy some? Do not get me wrong I love gold (I have regular boating incidents ;) ) but I was just trying to make a point.
I agree. I don't know if there really is a bad time to buy bitcoin at this point. You buy and hold it for a month or two and you will see a profit. The dips are short because people jump on it so quick when it starts to go down.