2 Reasons to Buy Bitcoin Now & 3 Reasons Not To

Don't Buy Bitcoin on Credit

Do not buy Bitcoin on credit, or go into debt to buy Bitcoin. It's a risky investment right now and it's not something you should wager your livelihood on. 

Even if you are approaching Bitcoin as a get rich process, buying a lot of Bitcoin with debt that you will be paying interest on next month is a bad idea. Bitcoin was at an all time high earlier this month and not it's down nearly $3,000.

If you bought in at that price with credit, you're out a hefty chunk of money that you have to pay your credit card company. You'll see loads of ads for companies selling Bitcoin on credit cards. 

In addition to any fees that the selling party charges, expect to pay a premium of up to 5% when you use a credit card to buy Bitcoin.