Is It Okay to Get into Bitcoin Now?
Everyone around me says they made money with crypto, so I'm considering it. But isn't the price too high right now?
I'm thinking about long-term investing, but experts seem divided. I'm considering going through an ETF instead. Anyone with insights, please comment.
9 answers
Agreed, it's a bit high right now lol
ETFs are safe, but you have to consider the management fees.
I feel the same way. When everyone around me is doing it, it makes me anxious.
But back when Bitcoin was at $50K, people were saying the same thing. Look at it now, lol.
For long-term investment, it seems fine. I bought it three years ago and I'm still holding.
Well, that's a bit... it feels like it's at its peak right now. Even the experts are split 50-50 on it.
Oh, I didn't know that. So there's a way to get in through ETFs too.
The reason ETFs are better also involves tax issues. However, the returns may be lower than the original coin. Personal experience: I lost everything with futures and switched to ETFs.
Do you have a source? If you just buy based on hearsay, you could end up losing double.