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RE: Time to Buy?!

in #bitcoin7 years ago

Good question, and what's on everyone's mind. There's no fundamental value in crypto, so there's no logical price to step in and buy it. It's ALWAYS been a confidence game, and in a confidence game, you're trying to guess what a herd of gnats will do next-- which is of course not easy.

We weren't really able to trade our crypto when bitcoin was $19k, due to large fees wiping us out, so we certainly can't do anything now either. What's the wait time and the mining fee to even sell a bitcoin right now at $11k? Cuz that's the even better question!

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It is going to be an extremely volatile weekend for sure