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Now is the time to buy Bitcoin

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by COINS NEWS 327 Views

The time to buy is when everyone is freaking out and calling for ever lower prices. I know that it's difficult to buy when fear is rampant, but that's why it's important to maintain a long-term perspective. Many people wish that they would have bought Bitcoin at $1 (or even lower), but if you are panic selling now you would have never held Bitcoin from $1 to $64,000. I have heard people wondering how other member managed to accumulate holdings that are five or six figures. The answer for some is that they bought during times like this when everyone was fearful and they held. Like I said, it's all about perspective. Bitcoin was four figures for most of last year and Ethereum was a few hundred dollars. The price action of even months is not that important if you are planning to hold for years. Personally, I don't care what other people say. As long as Bitcoin's fundamentals are strong, I am not going to worry. Miners and whales are accumulating too, so it looks like they're not worrying either. Don't be one of those people who panic sells your Bitcoin now only to panic buy if we hit six figures in the coming months. Just be rational and patient, and you will be fine.

submitted by /u/ThatOtherGuy254
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