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anish4085yHey mate,
Bitcoin is such a volatile currency that you never know. I invested right before the last crash earlier this month, and it has paid off relatively well.
It’s like a long term investment, where it rebounds over and over. But then again, that’s just my experience :)
Try getting into some newer currencies like Ethereum? -
Crazed20765y@anishagnihotri i considered buying dome etherium too due to how it correlates with BTC, but I dont make a whole lot lol setting up one secure wallet was painful enough. I had planned to drop a *small* amount each paycheck into BTC until we hit like 500k ea, but that's years away if at all possible
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AkshatB1335yYou'll have a good time investing in probably next couple of weeks as after reaching 5000$ a correction will take place.
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AkshatB1335y@sam9669 it's neither legal nor illegal according to the Reserve Bank of India (RBI).
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anish4085yHey I, I’m Indian but not living in India at the moment - in Canada, so it is good. In India it is sort of like a borderline thing so I’ve heard.
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AkshatB1335y@sam9669 you can mine them , trade them but just make sure to report the profits on your income tax filing.
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Look up dollar-cost averaging. It's perfect for such a volatile asset.
If you cba I can explain.
Just only buy what you can afford to lose. -
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Related Rants
The best time to buy bitcoin was when it was released
The second best time was a few years ago when it was only like $200/btc
The third best time was probably last year before they went up 650% in value
The worst time is apparently whenever I buy in
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bitcoin
crypto
cryptocurrency
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broke