Answer ( 1 )

  1. Most certainly you should not be buying Bitcoin., it will probably be as low as $1000 per coin by years end and it is a very bad idea to buy bitcoin now.

    Remember bitcoin has no intrinsic value whatsoever it is just a speculatory investment. It is only worth as much as the next person is willing to pay for it.

    Read up on the tulip mania bubble and then come back and tell me what similarities you see:

    Bitcoin is not backed by gold, or even a government. It only has value if other people use it, otherwise not.

    So no, not a good idea to buy bitcoin unless it starts being so cheap that it may increase in value again.

    For now, the answer is definitely don’t buy bitcoin!

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