I really don't think it's the right time to purchase bitcoin. Looking at the present rate, it's not advisable to invest into it now. But if you feel, you have the capital to the investment, you can.
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I think that the newbies should definitely rather look into the other crypto instead of bitcoin at the moment because the value is way too high in bitcoin to invest and to be profitable. It is best to invest in bitcoin when the price drops. Therefore it is best to be patient in this regard, in my opinion.Bitcoin is the king of all Cryptocurrencies. Which is giving amazing profit to it's early investors and good profit to it's new investors.
But the price of Bitcoin is not affordable for some new people like newbie money makers who want to invest in Cryptocurrencies but don't have enough funds to invest more to get high profit.
So what is your suggestion about it. Should new investors buy bitcoins now or they should try other cheap Cryptocurrencies?
If they find Bitcoin unfavourable at the moment to invest, base on its price value. They should utilize other coins to invest with, hoping that the price goes higher too, so they'll make their own profit as well.I think they can invest in other small cryptocurrencies at first and when they become successful at them and learn how to invest properly, then can then invest on bitcoin, as investment is so risky.
Ethereum is very good alternative though it is also rising as fast as possible because it has rise up to 23% in the last 12 hours , Investors can give it a shot too. It has the tendency to hit $2000 this year.If they find Bitcoin unfavourable at the moment to invest, base on its price value. They should utilize other coins to invest with, hoping that the price goes higher too, so they'll make their own profit as well.