Still worth buying and selling?

[Brad]

I'm considering buying and selling Bitcoin, but I'm not too sure if it still is worth it. I know buying and selling it in the past was a pretty good way to make money, but I haven't really been focusing on Bitcoin recently so I don't know much about its current situation. Is Bitcoin on the rise or would you say it just keeps dropping?

[CryptoMoms]

I believe the bitcoin price will rise as more and more infrastructure is built and more people adopt bitcoin and other digital currencies. With limited supply and increasing demand & validation, I can only envision the price of bitcoin will go up over long periods of time.

[Brad]

I believe the bitcoin price will rise as more and more infrastructure is built and more people adopt bitcoin and other digital currencies. With limited supply and increasing demand & validation, I can only envision the price of bitcoin will go up over long periods of time.

So, do you think I should buy Bitcoin now?

I plan to invest a lot, but I'm not sure when it will be the correct time to do so.

[Chase]

If you are planning on buying a lot of Bitcoin and aren't sure when to buy, I would suggest accumulating it gradually.  That way if the price goes down you can tell yourself "it's a good thing I didn't invest everything at once" and if the price goes up, your Bitcoin is worth more and you can tell yourself "it's a good thing I bought some Bitcoin when I did."  Maybe it's just me, but I love being right!!

[Brad]

If you are planning on buying a lot of Bitcoin and aren't sure when to buy, I would suggest accumulating it gradually.  That way if the price goes down you can tell yourself "it's a good thing I didn't invest everything at once" and if the price goes up, your Bitcoin is worth more and you can tell yourself "it's a good thing I bought some Bitcoin when I did."  Maybe it's just me, but I love being right!!

I totally agree with this and I'm going to do exactly as you say. I guess it wouldn't be so intelligent to just splash all my cash now as it could drop.

Thanks!

[mirb7000]

I think you should always be modest when you start, and see how that works out. Never do anything rash.

[Brad]

I think you should always be modest when you start, and see how that works out. Never do anything rash.

Do you mean not go into it too fast?

[Stacey]

If you're talking about day trading the coin, it's still profitable.  You just have to be smart about it.  There's definitely still a change of price throughout the day that you can bank on.  Buy low sell high, rinse and repeat.

[Marketer2k14]

Are there are trading software systems available for bitcoin?

[Vi]

Are there are trading software systems available for bitcoin?

There are a multitude of trading bots out there that work on the most popular exchanges.  I haven't used any of them, because I'd rather be in complete control of my trading.  I'd advise you to be very careful using these though.  There's probably a lot of fake ones that are viruses that steal your wallet addresses or passwords.

[Chase]

Hindsight is 20/20 on this post - Bitcoin was $339 two months ago!!! 

[CryptoMoms]

Hindsight is 20/20 on this post - Bitcoin was $339 two months ago!!!

Always is! Lol. I just wish I had more to invest.

[Kingy]

Hindsight is 20/20 on this post - Bitcoin was $339 two months ago!!!

Always is! Lol. I just wish I had more to invest.

I'm exactly the same. How much is it right now?