Is now the time to buy Bitcoin?

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sacsanand
Published
To be honest Who knows?
Some people claim gold is where to put your money
Bitcoin has rallied recently from a low of $5,027 on 16th March 2020 to $9,300 on 30th April 2020
Many people are put off by the volatility of Bitcoin as its price Zig and Zags up and down, so a way to get exposure to this asset is via regular savings every month.
If we assume the cost of a cup of coffee is £2.50 and you set aside that amount every day you could invest £75 per month. Over the last year, you would have saved £975.
If you had put this same £75 p.m. into Gold it would now worth £1,200 while
£75 p.m. into Bitcoin is now worth £1,100
By investing the same amount each month, you would buy more Bitcoin when the price is low and less when the Bitcoin price is low.
By investing regularly in to a volatile asset such as Bitcoin it is possible to make volatility work for you!
Regular saving, sometimes, called pound cost averaging, is an ideal way to get exposure to an asset whose price is volatile, taking the guess work out of when a good time is to buy or not.
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Crypto Trading
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