Here is the answer:
First and foremost, what is your investment goal? Are you buying Bitcoin for a Long term goal: or Short term goal: investment or to use as form of transaction?
Short term goal: BTC is at it’s all time high at 67k . It is projected to hit 70k at the end of year. That’s a mere 3% gain in your portfolio.
If you want to invest 1K USD at 3% gain , you will get a ROI of 30 USD
Long term goal: : BTC will probably hit 100k USD by next year. To double your profit to 2k USD, you will have to wait till BTC price is at 134,000 USD. So that is going to be a long wait because we don’t know if it will reach that price by next year.
In conclusion: determine your investment goal then decide. Nevertheless, it is never a waste to get BTC because it’s the most preferred and widely used payment method for Crypto.
Short term goal: BTC is at it’s all time high at 67k . It is projected to hit 70k at the end of year. That’s a mere 3% gain in your portfolio.
If you want to invest 1K USD at 3% gain , you will get a ROI of 30 USD
Long term goal: : BTC will probably hit 100k USD by next year. To double your profit to 2k USD, you will have to wait till BTC price is at 134,000 USD. So that is going to be a long wait because we don’t know if it will reach that price by next year.
In conclusion: determine your investment goal then decide. Nevertheless, it is never a waste to get BTC because it’s the most preferred and widely used payment method for Crypto.
