Bitcoin will have its ups and downs just like any other currency, but as far as buying bitcoin goes now is as good a time as ever because the sky is the limit. If you are not comfortable investing large amounts of money there are other ways that people invest that can help build your portfolio and make you money.
Fundamentally bullish news aside, the financial market naturally moves through bull/bear cycles, and it’s the emotions of the crowd that fuel its movement. If this premise can be applied to cryptocurrency — and I believe it can — we’re likely to see another bull run based on emotion alone.
One important thing to note that I have seen, studied and analysed is that the majority of the price movement, occurs during capitulation, and anger. Not during the depression stage. The depression stage is categorised by the depression of those that have already lost. Not those that are currently losing. Therefore giving the power to anyone that had the foresight to act proactively or the emotional fortitude to act confidently while the majority are emotionally broken.
The smart investor buys in a bear market, when everyone is selling and pessimism is at a maximum level, and sell when the levels get dangerously high. That way, they cash in some hefty returns.