NOW Is The Right Time To BUY Bitcoin

Buying Bitcoin and holding it for four years guarantees you a positive return.

Guenter Ederegger
Coinmonks
Published in
4 min readMar 17, 2022

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Thumbnail made by Günter Ederegger

Is now a good time to buy? Or should you wait and hope that the price drops a little? You’ve probably asked yourself this question at some point.

If you have already studied the topic and believe in the success of cryptocurrencies, the best thing to do is to buy Bitcoin now and just wait. After all, it pays off much more to invest for the long term than to try to catch the right moment. Here’s why.

Possible scenarios

It is important to understand that nobody (!) knows how the price will develop in the short term. However, there are very intelligent people who deal with this and develop extremely complicated mathematical models. In the end, however, these can only calculate probabilities. You often hear sentences like,

“The price will probably go up.”

But they are also often wrong. True, they are professionals whose success depends on doing their job well, but even the best sometimes make mistakes.

Some people also say,

“Bitcoin is so volatile — I’d rather wait until the Bitcoin price drops a bit more

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Coinmonks
Coinmonks

Published in Coinmonks

Coinmonks is a non-profit Crypto Educational Publication.

Guenter Ederegger
Guenter Ederegger

Written by Guenter Ederegger

Head of Service | Working for the Mclaren F1-Team | Fan of Crypto