Is it too late to invest in bitcoin or any other crypto currency ?
The price of bitcoin is right now being driven by few things:
- Demand vs Supply
The supply of bitcoin is limited and the demand is increasing everyday, which is leading to insane price
FOMO (Fear of missing out)
This is the biggest reason - the more bitcoin is rising the more people think that they are missing out on something which can make them rich quick. So, they are joining the rally and making it go higherHow to buy other Altcoins
Right now there are tons of other Altcoins in market and Bitcoin is the primary currency to buy all of them, which is further driving the price up
Now coming to the right time to invest - I think the price will correct to 9,000 - 10,000 USD levels once its’ Futures hit the exchange starting from 10th Decemeber, because then people will have a way to short Bitcoin unlike now. But that correction will lead to further round of buying and the price should stabilize around 10,000 USD.
Check yoyow. I believe it will explode in two weeks.
"Now coming to the right time to invest - I think the price will correct to 9,000 - 10,000 USD"
My thought was the same when it reached 1,000 USD and over that . Look at it now .
yeah right now it is at 16000 USD