is it too late to buy bitcoin now?

[its impossible]

is it too late to buy bitcoin now?

it keeps going up

 

[Craig31ldn]

Yes and no.

Its too late to make a million from 10k. But still possible to double or triple your ROI in two years.

 

[SuicidallyCurious]

Ah the typical bitcoin posts that always pop up on any online forum after volatility.

The answer is no and always will be no. Personally I own some of it from the early days when it was more of a thought experiment. BTC is heavily manipulated by the big banks and it's a speculators dream due to the loose regulation by SEC/CFTC. Countless coins and exchanges have failed , you can read up online about the initial run up of bitcoin during the mtgox debacle. We will surely see more debacles in the future and one with XRP is ongoing

If you want good investments that will do well regardless of a speculative mania I would suggest

- funds investing heavily in real estate exposed to Canada , northern states in the US , northern EU countries.

- gold not too much but good for any portfolio . It might be a bad time to buy as gold has had a great run up this year due to political instability and the CV19 crisis.

- I suggest people hold some CNY but hold it outside China in some foreign financial intermediary. Never expose your assets directly to the Chinese banking system

- no euro, keep it out of your portfolio it's going to implode. No Russian ruble. No indian rupee. Dollar is at risk as now biden is coming in and they will do fiscal stimulus - some of it may be useful but they may need to virtue signal somewhat and do things like write off the Mickey Mouse degree debt that has been run up. If that is done in a significant way could be bearish for the dollar.

- companies supplying materials for new nuclear plant construction and electric vehicles. Do not invest in uranium.

- I think natural gas is underpriced as a commodity. The entire world is doing a massive build out and it holds long term value as chemical feedstock even in a decarbonization scenario. Which, by the way, the Decarbonization scenario is not happening currently in reality. So unless you believe some sort of unicorn fart technology is coming to bail the world out of the worst of global warming , it's actually more important you try to retire early , especially if you are young. The most important commodity in the world today is time as the best forecasting available points to a runaway global warming scenario.

 

[Jumping_realms]

Ah the typical bitcoin posts that always pop up on any online forum after volatility.

The answer is no and always will be no. Personally I own some of it from the early days when it was more of a thought experiment. BTC is heavily manipulated by the big banks and it's a speculators dream due to the loose regulation by SEC/CFTC. Countless coins and exchanges have failed , you can read up online about the initial run up of bitcoin during the mtgox debacle. We will surely see more debacles in the future and one with XRP is ongoing

If you want good investments that will do well regardless of a speculative mania I would suggest

- funds investing heavily in real estate exposed to Canada , northern states in the US , northern EU countries.

- gold not too much but good for any portfolio . It might be a bad time to buy as gold has had a great run up this year due to political instability and the CV19 crisis.

- I suggest people hold some CNY but hold it outside China in some foreign financial intermediary. Never expose your assets directly to the Chinese banking system

- no euro, keep it out of your portfolio it's going to implode. No Russian ruble. No indian rupee. Dollar is at risk as now biden is coming in and they will do fiscal stimulus - some of it may be useful but they may need to virtue signal somewhat and do things like write off the Mickey Mouse degree debt that has been run up. If that is done in a significant way could be bearish for the dollar.

- companies supplying materials for new nuclear plant construction and electric vehicles. Do not invest in uranium.

- I think natural gas is underpriced as a commodity. The entire world is doing a massive build out and it holds long term value as chemical feedstock even in a decarbonization scenario. Which, by the way, the Decarbonization scenario is not happening currently in reality. So unless you believe some sort of unicorn fart technology is coming to bail the world out of the worst of global warming , it's actually more important you try to retire early , especially if you are young. The most important commodity in the world today is time as the best forecasting available points to a runaway global warming scenario.

You are thinking too far ahead to make money off crypto, If anytime is OK to buy BTC for you.

There absolutely is a time when you shouldn't buy BTC, unless you like to lose money. Kinda like when it was at 60k. That was the pump, that made a lot of traders a lot of money. Just months before that it was 32k a share and I bought even more than I had from when it was 8k. Once Elon backed that and DOGE, of course his simps are gonna buy in, and they will inflate. Especially the younger with DOGE. If someone still has much DOGE, they don't trade well. I sold 90%, .4 cents from it's highest pump. There could always be a time to buy back in, but it isn't now.