Ask HN: Buy Bitcoin right now – y/n?

Bitcoin valuation is pure speculation with no underlying value to revert to (that's the optimistic scenario, at least — the pessimistic scenario is that the underlying value it could/should revert to is basically zero).

As all financial products it has the bizarre property that they have opposite elasticity compared to ordinary goods & services: while for most stuff, quantity demanded rises as price drops, for financial assets the demand rises as the price rises (and demand will drop when price drops).

It's pointless to ask whether $4000 is ”a lot” for a bitcoin or not, it's basically impossible to estimate whether in the near or medium future the price will be higher or lower... ask yourself instead how many people you think will be willing to give you more than $4000 for your bitcoin in the near future. Why would they want to? If you think there are, go for it.

Who knows? There is no logic behind btc valuation other than speculation. It is essentially a gamble.

I sure as hell wouldn't buy and hold though - as soon as major western nation decides to ban or regulate it, the price is going to plummet.

This is just tulips all over again.

Buy low, sell high

I'd wait for the dip below $4,000, but in terms of TA (Elliot Waves) as well as Fib levels, we are most likely headed towards $5,000.