Bitcoin has value in part because it has transaction costs that are much lower than credit cards. Bitcoins are also scarce and become more difficult to obtain over time. ... Bitcoin was worth $19,116.98 on Dec. 17, 2017, but the price fell substantially and had yet to recover as of the beginning of 2020.
Also be, is there an age limit to buy Bitcoin?
There's no such thing as a legal age to buy bitcoin. If you're old enough to appreciate it, you should be old enough to buy it. In practice though, most exchanges mandate a minimum age of 18, in keeping with KYC requirements. ... Yes, you can buy Bitcoin if you're underaged.
In spite of everything, is it too late to buy Bitcoin 2019? Best time of the day to buy Bitcoin The crypto market is open 24 hours per day, 365 days per year. There are no limits due to the coin's decentralized global nature.
Equal, do I buy Bitcoin when its low?
You may never know, but if it is continuously falling, it could be best to buy it in chunks. This is called averaging down. You can buy a certain amount of Bitcoin this week and keep some of your money to buy the following week. If the price falls again, you'll benefit as your average price will be lower.
When should I buy bitcoins?
New data suggests that Sunday evenings are the best time to buy Bitcoin — with the crypto historically seeing higher returns at the start of the working week.