@Techy.Rack · Posted 15 Sep. 2021
Bitcoin is very volatile and is just as likely to reach historic highs as it is to crash. However, that doesn't mean now is a bad time to invest. Some industry watchers predict that BTC will hit $100,000 by the end of 2021. If you agree with those predictions, now could be a good time to get into bitcoin.
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@Writelord · Posted 15 Sep. 2021
If you're investing in Bitcoin to make some form of return in a short term, you're doing it wrong.
The speculation surrounding bitcoin is quite uncanny; as it may rise wildly and fall in a similar fashion.
Therefore, while bitcoin is a good investment, it's wise to approach it as a sort of bank; a wallet where you can stash money you intend to save basically.
I think approaching bitcoin as a savings bank makes it a more valuable investment long term.
@RyanM · Posted 15 Sep. 2021
Honestly, I would wait until it drops down as low as possible, and then invest. And let it sit until you feel you can gain a decent profit off of it. Bitcoin won't be something to get rich off of quick. That's not going to happen. But, if you're able to get on it cheap and it builds up, you could profit a little bit at the least. But bear in mind, it will take a while.