Bitcoin exchange rates are so high that it can make people tempted to invest. the current value of 1 bitcoin is $7300. the price of 1 bitcoin at the end of 2017 reaches $19.460. If you buy bitcoin today, and the price returns to the previous highest point, you can imagine how much profit you get, but your money can be lost if bitcoin price continues fall to lowest price.
If you are interested investing in Bitcoin, you should consider the following three things below :
1. Bitcoin is like a lottery.
Your chance to get big profit from Bitcoin is the same as your chance to win money from a lottery. The winning rate is difficult to calculate.
2. Bitcoin price is difficult to predict.
Bitcoin is a digital currency, not a Company. There is no cash flow that can be analyzed or financial statements to determine the investment time. Bitcoin volatility is so wild.
3. Country Regulation
In certain situations, a country can prohibit bitcoin trading, so prices will fall.
I hope this review can help to decide when is the best time to invest in bitcoin. You must be prepared to lose money for your investment.
" Only invest what you can afford to lose "