Have you thought about when is the best time to buy into any of the currencies?
Many people have asked me, when is the best time to buy or get into the action, or even if it is too late.
I say, sooner is better than never, as an investor's point of view.
If you do a little bit of research and read from, cointelegraph, cnbc, coindesk, and other know speculation sites, you'll always read the latest and greatest on cryptocurrencies. Prices typically drop when major economical or political changes pertaining to cryptocurrencies occur.
Lately, there was a DDOS attack/cyberattack on one of the well known coin exchanges/Bitfinex. Due to the security issue, coin holders more than likely decided to sell or trade off some bitcoin. When problems occur price drops.
To most people that sounds like a bad thing. I for one disagree and am glad the price drops. This allows you as an investor to purchase particular coins at a lower cost. And as an optimistic investor you would hope the coin you purchased would continue to develop and grow in the future. Therefore purchasing lower in hopes of greater gain is a win-win.
I would recommend in waiting for price drop to use as an incentive to purchase low. Too difficult to ever predict but, if you read enough news, follow the trends, and with a little luck catch these price movements on time.
Like any good stock salesman or saleswoman would say. Buy low sell high. Inevitably that is the ultimate goal.
Thanks for reading.