When to Invest in Crypto?

When to Invest in Crypto?

By gduran | gduran | 12 May 2019


Bitcoin sure is skyrocketing, today its price increased by 13% from where it was yesterday and it passed what a lot of people were calling the $6,700.00 resistance easily. It is right now 00:27 UTC at $7,200.00 on https://coinmarketcap.com/, a really nice uptrend. Just two months ago it was ate less than $4,000.00. Better said if you had invested 10 grand two months ago you would now have 18k. This is a very good return, just think if you could do that every two months you would have a $48,000.00 yearly income, I don't know about where you live but here in Honduras that would certainly put me in, I guess, around the five epr cent of the top earners in the country.

 

So we can see that investing in crypto, in this case Bitcoin can result in good returns, the problem is that nobody knows when something like this will happen. For example you can ask anyone and again the answer will be, if it can break the $8,500.00 resistance it migh get to $9,000.00. Now how can a person invest in something with advise like that? Basically what these people are saying is it can go up but then it might not. To predict that I don't need any grapg I can just say it outright, Bitcoin can go up, but it can also go down. I just had this insight about an hour ago, when my granddaughter told me she was going with her Dad to visit a friend at a town which is a few miles from here. I asked her if she had been there before and she said yes, so I asked her how to get there and she told me"Well, you go left and you go right' She is four years old and she obviously doesn't know any better yet.

So what I am trying to say is if you put your money in at the right moment crypto can be a great place for investing, the problem is to get there at the right time, kind of difficult to do. I guess it is a matter of raw instict and just plain good luck, and somehow I have never been quite good with those, which, I guess, is the reason I have never hit it big on crypto. And yes, you can make a lot of money without investing hardly anything, it is just a mwtter of picking the right coin at the right time. Good luck with that though.

 

So I guess to answer the question I asked as the title of this post I would have to say, "Who knows"?

 

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gduran
gduran

Blogging about anything that interests me.

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