Bitcoin investment

Why it’s Not a Good Time to Buy Bitcoin Right Now?

Cryptocurrency has become a front-page staple in financial news, especially as investment activity has surged during the pandemic. The latest update grabbing headlines is that Bitcoin is once again breaking its own records.

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Typically, when an asset’s price reaches an all-time high, it’s wise for investors to wait before they buy-in. One common saying in investment (no matter the market) is “buy the rumour, sell the news.” To purchase an asset at an all-time high, by contrast, is very much buying the news.

Why you should wait to buy Bitcoin?

If you’re still looking for an entry point in the crypto market though, it’s best to keep an eye on things and wait for more of a lull.

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