Of course, it’s up to you to decide whether or not you should buy Bitcoin, and if yes, in which quantities should you buy it. The market is always volatile so you should perform extensive analysis before actually buying or selling any of those. First of all though, to ensure the safety and privacy of your transactions, you need to find a trusted crypto exchange.
Some savvy enthusiasts start from the notion that they need to find the cheapest way around. However, they often don’t realize that they should only choose the entity that abides by all the necessary regulations and acts very clearly according to the applicable law. CEX.IO operates legally in every region where we provide our services.
Buying Bitcoin could be considered a short-term investment, a long-term investment, or even a savings plan for retirement. Each person chooses the Bitcoin strategy that aligns more with their personal goals and style of trading if they practice it and are experienced enough to understand how to gain on price fluctuations. That’s why the particular amount of Bitcoin to buy differs on every respective occasion. You should always keep in mind that if your friend bought the X amount of Bitcoin and gained on the price movement, the same circumstances may never apply again. Instead, it’s a good idea to re-calculate how much BTC should you buy every time when you’re about to do it.
The markets nowadays, especially Bitcoin are very vibrant 24/7. Many traders also assume that Bitcoin kind of “sets the fashion” for the entire industry. Thus, all the smaller altcoins usually tend to follow the trends that the “king of them all” sets. Then again, it might not be the case because of the fork deployment on another coin, large purchase of an institutional investor, or some regulatory basis changes. So you always need to be aware of the majority of emerging news in order to understand how they can affect the psychology of traders and hence, the market prices. By doing so you can make more informed decisions when it comes to deciding what amount of Bitcoin you should buy on which day and time.