It is a very well known fact to the people in the space that crypto markets are quite volatile. With extreme fluctuations in the market, the investments in cryptocurrency, especially bitcoin (BTC), become very risky. So to ensure that investors end up with margins rather losses, the element of time plays a very vital role. Bitcoin (BTC) investments are no different. They also require perfect timing to make sure that bitcoin holders are not a victim of the crypto market. The founder of Coinstrategy and advisor for Hackernoon, who goes by the pseudo name, PirateBeachbum, shared his perspective that encompassed bitcoin’s (BTC) current price. He stated:
Just remember you will have very few opportunities in your lifetime to buy cheap Bitcoin.
— Pirate Beachbum (@piratebeachbum) January 19, 2019
Upon enquiring if now was the best time to buy bitcoin (BTC), the founder of coinstrategy responded to BlockPublisher with his opinion. He said:
Hard to tell. No one knows for sure. The price today looks a lot sexier than the ATH.
There remains no doubt about the offerings of the current price of bitcoin (BTC) when compared with bitcoin’s all-time high price. But still, this doesn’t ensure that buying now would be best. As mentioned earlier, crypto markets are extremely volatile and prices can change drastically. Therefore, it can be accounted for why no one can know for sure about the best time to buy bitcoin (BTC).
At the moment, bitcoin (BTC) has fallen to about $3,577. In the future, we will see if the world’s largest cryptocurrency makes its way to a low or manages a rebound.
