The price has skyrocketed this month, dipped down the last few days, and is now on a slow incline.
Many folks were lucky enough to buy when it was a fraction of what it costs now. So what is the incentive to buy when it's high like this? Is there an expectation that the price is going to continue to rise and we should buy now before it gets even higher? There is the fear of a bubble bursting and everyone losing their money. Many investors don't want to buy if it keeps rising. I live by the tried but true motto: Buy low, sell high.
So tell me why I should purchase any Bitcoin when just a month ago it was substantially less.
Many of us are not investing gurus, nor have a lot of experience at this. Speak to those of us who are fairly new and would like some insight as to why we should buy right now. Many things affect the price, so discuss what some of those are, please.
By the way, "high" is relative. What's high for one person may seem like just the beginning for others. My idea of high is when the price is at $19,000 when it was at $4,000 just two months ago.