New user to the forums and new to Bitcoin overall, just looking for some advice. My friends have bought packs with USI-tech a few months ago when the price was around £2.5k per coin. I'm looking to get into it but just wondering when to go for it.
I've been waiting for the price to fall which it kind of has now, do I wait it out even longer for it to fork again in November? Or do I just put some money into it now. I've been doing a lot of research before I do anything but just want some opinions on here please.
In my opinion it depends to your strategy. If you want it for short-term, you need to wait for the dip or lower price then sell when the price will increase and satisfied with your earnings. But if your plan is for long-term, then you need to buy now because in the long run you will have income as the Bitcoin price is keep on increasing as what happened early this year up to now.
My suggestion is that, you need to wait a bit to get the price lower then hold it for a long period of time so that you will earn much more income. Also, you need to read the news about Bitcoin so that you will have ideas on when to buy, sell or hold.
