I have the cash to buy 1 bitcoin, I just wanted to know how I should go about buying it based on current market conditions.
- Should I wait for a better price than 23K?
- Should I just average in right now, an if so, how long of a duration should I average in?
- Should I buy the 1 Bitcoin ASAP because of the risk of bitcoin going higher because bitcoin is at such a low price right now.
- Do you think buying bitcoins right now is the smart time to buy because of the huge price drop we have right now, or will it probably bottom again a lot lower before it heads higher?
My reasoning for buying right now is that we dropped a huge amount from the lows, and if bitcoin runs the same trend it has in the past, it should hit a new high during the next few years. I also think there is no other competition/coin that will replace bitcoin.