Don’t Buy Bitcoin Until You Know More – Bitcoin Magazine


This is an opinion piece by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup.

As you may have learned from watching the mainstream news, the price of bitcoin has exploded lately. If you bought the top and have held it so far, you might consider taking advice from good old Mr Goldshill himself, Peter Schiff, and take advantage of this opportunity to sell. If you are someone who missed the boat, you can reasonably wait for confirmation and buy closer to $70,000. For those who think they’ll make a quick buck, you can hop on a round just to try and cash out near the next all-time high. If you’re a communist who doesn’t believe we need a non-coercive way to coordinate human action… well, I can’t help you.


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