Answer: Maybe. Are you comfortable with the potential for the coin to drop further? Are you comfortable with taking on that kind of risk? If so, go for it. If not, stay away.
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Answer: Maybe. Are you comfortable with the potential for the coin to drop further? Are you comfortable with taking on that kind of risk? If so, go for it. If not, stay away.
It is beginning to go up again. And so goes the cycle we see in a typical stock market. I think this is a great time to start investing in butcoins and all altcoins. With platforms like Binance that allow you to buy and sell coins with BTC and LTC, you can really make money with the drop and rise in prices. I just saw it go up almost a $1000 in an hour and drop back down. You could have definitely made a $1000 in an hour.
The only bad thing about investing in this manner (i.e. buy low and sell high, quickly) is that the platforms ability to buy and sell things fast sometimes are delayed by network issues, etc. There is a need to improve this, and I am sure companies like Binance or Coinbase will get better at it.
Facts. I'm in it for the long hull. I believe that this is the future of investing and it's less than 4% of the world using this platform. I believe that number will grow expedentially over the next decade giving early goldrushers a chance to reap real rewards. For some reason I've been far more comfortable investing in virtual currency over the stock market.. Humm.. Can't figure that out.
Hear hear!