facebookWill you buy Bitcoin when you know what you are buying? - Seedly

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Anonymous

22 Dec 2020

Cryptocurrency

Will you buy Bitcoin when you know what you are buying?

Bitcoin price ‘bearish alert’ as 140K BTC from Mt. Gox may move for the first time

Discussion (4)

What are your thoughts?

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I will not buy into something that I don't know of, so I won't be touching bitcoin regardless of the all-time high news

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Rahul Wadhwa

19 Dec 2020

Student Ambassador 2020/21 at Seedly

Hi Anon,

Just like stocks, there will always be speculators and there will always be bulls and bears stating their theses.

I would recommend buying in if you understand the technology behind the blockchain (e.g. digital signatures, hash functions, proof of work algorithms) and believe that there is a value proposition in the technology.

Again like stocks, you could always DCA or buy the dip to get a better average price.​​​

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