Is There A Right Time To Invest In Bitcoin?

As the leading cryptocurrency has gone more mainstream, some of the biggest names in finance started weighing in. For example, Fundstrat’s Tom Lee and investor Bill Miller both embraced the trend.

According to many investors, Bitcoin is still a plague – with no underlying rate of return. However, history has shown that a lot of people capitalized on it and made massive amounts of money. That said, even today is not a bad time to invest in Bitcoin. Some experts say that the cryptocurrency could climb to $25,000 this year – and $250,000 by 2022.

When discussing when the right time to buy BTC is there is no correct answer. You could take a look at the chart’s history and statistics and make a decision. Here we put up a brief summary of all the increases and decreases that we’ve seen in the past months considering the price. For example, at the start of November, Bitcoin was trading at $6.750. By the end of the same month, bitcoin got up to $9.916. This is approximately a 47% increase. A great deal of the declining in the price has to do with more people trying to sell Bitcoin and less are willing to buy it. We faced a massive sell-out and a higher demand for selling Bitcoins.

We all know that the major currencies are all following the path of Bitcoin so that is why we can see a decreasing trend in them as well. However, many believe that people are losing interest in Bitcoin and are turning to a cheaper, better-looking currency that is not affected by this behavior. The entire market is now in a phase of stabilization so it may take a while before we are able to see the aftermath of the crash.

As for the worst times to buy bitcoin, investors believe that February is really a bad time for Bitcoin. This year we saw a 25% decrease in just two days.