It's a personal choice as price is UP right now due to forked coins that will be available. So you can get forked coins if you buy now and there are 2 forks on 25th oct and again around 20th November. Price will majorly dip after the fork so choic. should i buy bitcoin before or after fork? hi guys, im relatively new to bitcoin and been looking to getting into the market ive reading a lot about a potential hard fork lately. though im not sure i entirely understand what's going to happen, it seems to me the general consensus is that its going to get messy. If you buy before the fork you are guaranteed these "free" other coins. However, since I think the price has increased for people trying to get on this chain you might be paying more for bitcoin than it will be worth right after the fork. If you hold off, you could get a better deal. That much is all a guess.
Should i buy bitcoin now or after the forkShould I Buy Bitcoin Now? | UseTheBitcoin
This is a clear sign of people adopting Bitcoin as a new currency when their national currency has failed. Finally, big investors all around the world are starting to get increasingly interested in Bitcoin. Many speculate that this is not only due to quickly growing adoption but mainly due to global economic uncertainty and fear due to the outlandish amount of debt that is the foundation of the fiat money system.
Large institutions, like Fidelity, Nasdaq, and JP Morgan have all publicly announced that they are buying Bitcoin or that they are building bitcoin-related products for their millions of clients. However, this is likely just the tip of the iceberg. It is very probable that dozens of additional institutions and possibly even Governments are also working behind the scenes on Bitcoin infrastructure but have not announced so to the public yet. Is it safe to buy Bitcoin?
Absolutely not, and everyone telling you otherwise should probably not be trusted. Bitcoin is still a very young digital currency, and also a new highly volatile asset. Furthermore, Bitcoin is still largely an experiment and you should treat it as such. You should never invest in Bitcoin more money than what you can afford to lose.
Due to the speculative nature of Bitcoin, even mere rumors like a country potentially regulating Bitcoin can already cause a significant price drop and deep losses for investors. Bitcoin is a network, and hence unlike Gold, its existence could potentially be threatened by a single bad actor.
If Bitcoin mining continues becoming more centralized, the risk of a network attack may become greater as Bitcoin starts threatening the currencies of major Governments.
On the flip side, if Bitcoin mining were to become more decentralized, the bigger Bitcoin becomes the stronger the blockchain gets. This would make a successful attack a lot more challenging. We have seen over and over again that the first version of a technology is often not the one that ends up sticking around forever. This has been the case with mobile phones, cameras, and even social networks.
Fact is, there is a very little precedent on this and therefore this point might indeed hold true. Bitcoin is built on a deflationary model, meaning that the value of money increases over time. This is a strong contrast to the fiat money system, which through inflation is designed in a way that money loses its value.
There are two main schools of economics that explore these two economic models: Austrian economics and Keynesian economics. Austrian economists believe that the world needs a deflationary monetary system to flourish, while on the other hand, Keynesian economists believe that inflation and debt are necessary to encourage economic growth.
As stated earlier, once Bitcoin grows to a certain size where it starts to threaten major fiat currencies, Governments may take coordinated action to shut Bitcoin down. One approach would be to illegalize Bitcoin exchanges and hence prevent investors from buying it. They might even go as far as legalizing Bitcoin and making anyone holding coins legally liable. Something similar has already happened back in when the US Government made it illegal to hold gold , and confiscated this precious metal from its citizens.
That being said, unlike Gold, Bitcoin is not a physical asset that can easily be identified by the Government. An individual could simply memorize the private keys to his coins, or even send them to friends or family abroad with just the click of a button. Therefore, such an endeavor could only be successful if coordinated on a global scale. And as history has shown in multiple instances, Governments are notoriously poor at coordinating on an international level, which would make a crackdown of this magnitude rather unlikely.
Bitcoin is still a new high-risk and extremely volatile asset that should be treated with caution. It is definitely not the right asset for anyone and you need to be aware of that if you want to avoid unnecessary stress. You have probably noticed that all of the above 3 profiles have one thing in common: they are not investing more money into Bitcoin than what they can afford to lose. If you are a person that can handle wild market swings and that has some money set aside for high-risk investments, then Bitcoin might be a good option for you.
In a research report by Finder. Since the research only involved a few thousand people, these numbers may not be entirely correct, but it does give you an approximate idea of the group of people that you are joining when you buy your first Bitcoin.
Having a framework that you can follow will make it a lot easier for you to handle the wild price swings of this digital currency. Although there are a few more, in this article I will show you the 3 most popular Bitcoin investment strategies that you can start following today. Yes, that is not a typo. This is by far the simplest way of getting exposure to Bitcoin because it does not require any active management from your side, and since Bitcoin has been in a long-term bull trend ever since its inception, it might also prove to be very effective.
Dollar cost averaging is a strategy also often used in stock market investing. It essentially consists of buying small chunks of an asset periodically every week, or every month in order to minimize the risk of buying at the top. Therefore, if you are not comfortable with timing the market then dollar-cost averaging may be the right Bitcoin investment strategy for you. Finally, the last strategy is to actively manage your portfolio.
This can be done by selling some of your Bitcoin after it has gone up a lot, and by re-buying them cheaper if there is a drop. You may also go on a margin trading exchange like Bitmex , Deribit or Bybit , where you can open a leveraged short. Instead of selling 4 Bitcoin when you think that the price is going to drop, what you could do is send 2 Bitcoin to Bitmex and open a short with 2x leverage.
When the price then drops and you think the bottom is in, you can now close the short at a profit and use the profits to buy more Bitcoin. Needless to say, this strategy should only be used by people that are experienced with the matter and that are familiar with the risks of bitcoin trading. The macro price cycle occurs in the form of multi-year bull markets that push for new all-time highs, and that is then followed by a year bear market.
On the micro level, Bitcoin is known to follow patterns in certain seasonalities. As pointed out earlier, Bitcoin is a highly speculative asset and you should never invest more money that you can afford to lose. A good mentality hack to use before investing in Bitcoin is assuming that the money you are planning to invest is gone forever.
If that thought makes you nervous, then you were planning to invest too much. That being said, if you are going to start investing a bigger amount into cryptocurrency, then try to own 1 whole Bitcoin first.
After you own your first Bitcoin, then you are now in a good position to also invest in other cryptocurrencies. Both coins are focused on becoming a digital currency. BCH has a significantly lower hash power computing power than Bitcoin does and its blockchain is hence significantly less secure. With that being said, if you are just getting started and are looking for the best cryptocurrencies to invest in , then you should stick to Bitcoin since many people consider it the safest bet in the cryptocurrency space.
Once you are more familiar with the technology and this asset class, then you might want to also buy some altcoins like BCH. In late , another new fork happened. Should I buy Bitcoins or Ethereum? They wonder if Bitcoin still is worth buying now that it has already gone up so much in value, or if they should buy altcoins like Ethereum instead. So, while the decision if you should buy Bitcoin or Ethereum is one you have to make, what we can do for you is to outline some relevant facts for you.
This is especially powerful for fin-tech applications as Ethereum can completely cut rent-seeking intermediaries like banks out of the equation. This not only applies for value transfer, but also to loans, digital representations of assets like companies listed on the stock market, and trading without the need for a central platform like a stock exchange. If you want to learn more about Ethereum then a great starting point is our article about real-world use cases of Ethereum.
Now that we are closer to than to , we can understand a little bit more about what happened with the digital asset and what can happen in the future. This shows that there is a real interest for the most popular digital asset and that many buyers and enthusiasts are entering the market once again. Things are getting prepared for the digital currency to surge again and continue its bull trend. Although just a few analysts are giving a specific price target, they all consider that the virtual currency is entering a new growth cycle.
One of the reasons that make users, investors and experts bullish about this virtual currency is the fact that it will be halving in May next year. Miners will be receiving half of the rewards they are currently receiving.
That means that they are going to be earning 6. This is bullish for Bitcoin because the new issuance of Bitcoin is being reduced every four years. John McAfee and many other experts have given their predictions for the future price of the virtual currency. All of them consider that Bitcoin will surpass its all-time high and reach larger values. The United States and the Eurozone are also experiencing monetary stimulus to improve their respective economies. The central bank of each of these jurisdictions took measures that would inject U.
The chairman of the FED, Jerome Powell informed that they reduced a quarter point their benchmark rate on Wednesday in order to avoid future problems in the economy. At the same time, the European Central Bank ECB decided to keep with the stimulus to the economy due to the very bad results shown by the PMI in the manufacturing sector. Inflation rates are also falling, which pushed authorities to keep expanding the economy.
With the digital currency experiencing a halving in less than a year and with flexible monetary policies, Bitcoin could become a very good investment for the future. Indeed, Bitcoin is becoming a much more valuable asset compared to other digital currencies in the market. As reported by CoinMarketCap, Bitcoin has the same dominance it had back in As the market continues expanding, the most popular cryptocurrency shows how resilient it is to fluctuations in the space and how it outperforms altcoins.
If you want to know more about Bitcoin predictions, you can check this out here. In conclusion, I would like to say that Bitcoin is more of a long-term investment tool. When you buy cryptos, you should keep in mind that you take part in something novel, still unknown, with huge potential.
This technology is about advancing the entire world of e-commerce, statistics, finance, etc. This is why bitcoins are good for patient players. Well, dealing with cryptos is like gambling: you should be wise and very careful, because you can lose all. However, there are BTC holders who have bought them several years ago.
Despite all the crashes since those days, now they own assets at the cost of approximately 19, You may say, it would be wiser to sell them off when each token was worth this money, but who knows where the next huge bull run will bring the BTC price up? And as history shows, there will be the one, and very soon.
Why am I so sure? First — bitcoins will stay in demand, as they are necessary for lots of people. Second — their number is limited, and the supply will only decrease with years, because mining will bring less bitcoins, as this is how the system works.
This is why I tell you — do not wait until BTC shoots up, and the charts become mouth-watering. McGlone may never come true.
They all say that cryptos are far from dead, and this is a good time for investing. Build a winning crypto portfolio Free report teaches how to structure your crypto portfolio, so you can maximize gains and minimize losses.
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