Investing in Bitcoin is a RollerCoaster for NewComers

Bitcoin is the most dominant Cryptocurrency in terms of market cap and the price of the coin. It has outshined all other Cryptocurrencies and it far ahead of other coins in terms of value. This may not always be the case, but if you are a new investor it is definitely an emotional roller coaster for sure.

Bitcoin since July hit new lows of around $6,000 and then blew up to $6700 and then dropped back down to low $6,000 range, and the volatility can be tough to handle. If you don't want to lose a lot from your investment I've seen that $6,000 to $6,300 are safe places to get into the market.

The price volatility is so great right now that $6,700 looks unstable as hell because we might end up back to $6,000 at any time because of how unpredictable Crypto is. If you buy at $6,700 and it goes to $6,000 you just lost 10.4% of your investment, so $6,700 seems really shaky to me to invest into Bitcoin.

Now I think Bitcoin could get above $10,000, but I'm not sure how long that will take. We've had people predict that Bitcoin will reach $25,000 and $40,000 by the end of this year and we're stuck at $6,500 or so. Also Bitcoin has been so wild that until it shows that it can gain positively in several days in a row it doesn't seem like a great investment time.

I think the price will flounder until December for Bitcoin, as the SEC won't approve a Bitcoin ETF this year as they're going to probably approve it February 2019. If you can get int before February at $6,000 then you'll probably be setup for large gains as Bitcoin would probably go up a lot after an ETF decision.

I'm not a financial investor, but I do like to follow CryptoCurrencies and their news. I hope this help newcomers figure out what the best buying levels are for them in the near future.

It's a tough thing to do in CryptoCurrencies, but you need to wait when there's blood in the streets to buy. If Bitcoin hits $6,000 at some point in the future people will talk about how it's dead, and that Crypto is dead. This precisely when to buy in order to make 10%+ gains in short term investments or long term ones.

Cheers Crispy