Should you buy Bitcoin now? Bitcoin Momentum continues to be +ve but AltCoins have the edge

Should you buy Bitcoin now? Bitcoin Momentum continues to be +ve but AltCoins have the edge
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Should you buy Bitcoin now? Current Bitcoin forecasts for September and 2022 are Bullish

29th August 2021

Bitcoin is trading at $ 46,908 today. Whether you should buy Bitcoin or not would depend on your risk appetite and investment Horizon

What is Bitcoin?

Bitcoin is the world’s first digital currency. It is a virtual currency which can be exchanged through peer-to-peer bitcoin network. Transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Should you buy Bitcoin now? Here is why Bitcoin is an inherently risky asset class

Case in point, compare NASDAQ with Bitcoin

On 28th Sept 2018, NASDAQ was at 8046. It fell to 6332 by 21st Dec 2018, a fall of 21%

On 27th Sept 2018, Bitcoin was at $ 6510. It fell to 3563 by 19th Dec 2018, a fall of 45%

Even a cursory comparison between two charts clearly shows that the Bitcoin is much more volatile than NASDAQ.

Read this CNBC article on why Bitcoin is so volatile?

High volatility triggers a lot of fears and emotions, so an investor must get into Bitcoin only if they are sure if they have stomach for this level of volatility

Once you are clear that you can handle the volatility, you must define the timeframe you wish to hold the Bitcoins?

Are you a trader or an investor? Are you a short term or long term investor?

CNBC Survey: One in 10 People in U.S. Are Investing in Cryptocurrency

Motley Fool: Should You Buy Bitcoin at $50,000?

Check out other Altcoin predictions here

Should you buy Bitcoin now? What is Bitcoin price forecast for September 2021?

Betting on a Bitcoin bull run? Not in September, BTC price data says

Bitcoin bull market will peak around October once this price level hits – Kevin Wadsworth

Bitcoin chart fractal suggests BTC price will have rallied to at least $80K by September

Bitcoin Surge Fuels $100,000 Price Predictions As Massive Ethereum, Cardano, BNB, XRP And Dogecoin Rally Pushes Crypto Over $2 Trillion

Bitcoin is ready for a ‘monster run’ up to $85,000 if it clears a key resistance level, a crypto evangelist predicts – and shares 7 altcoins he’s bullish on now

Will Bitcoin Do Better in August Than in July? – Here’s What History Says, According to Kraken Intelligence

Bitcoin chart fractal suggests the price of BTC will climb to at least $ 80,000 by September

Bitcoin Price Set to Hit $50k! BTC to Breakout In Early September?

Bitcoin may reach $150,000 by September this year

Analyst Nunya Bizniz expects 100% of BTC by September

Altcoin Performance YTD

Should you buy Bitcoin now? Bitcoin Momentum continues to be +ve but Alt Coins have the edge

Should you buy Bitcoin now? What is Bitcoin price forecast for 2022?

PlanB: S2F Model Predicts Bitcoin To Break $100k By Christmas

Bitcoin target of $100k given by Midas Touch Director

Willy Woo Bitcoin Forecast

Bitcoin Price Prediction: The Outlook For The Rest Of 2021

Billionaire Tim Draper Is Unfazed By Market Downtrend, Doubles Down On $250,000 Bitcoin Price Target by 2022 December

Richard Byworth, CEO of crypto financial services company EQONEX: We are still forecasting BTC to be around $175,000 at the peak of the current cycle into 2022

Primexbt, Peak of $ 140,000 in 2022

Here’s How Much Suze Orman Thinks You Should Invest in Cryptocurrency

Bitcoin Price, Forces Which Influence It

Should you buy Bitcoin now?
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