The latest update grabbing headlines is that Bitcoin is once again breaking its own records. Few weeks back, its price topped $68,000 for a new all-time high.

With this news in mind, many who aren’t already holding cryptocurrency might be wondering: Is now the right time to buy Bitcoin?

The short answer to the question of whether now is the time to buy Bitcoin is: No.  Typically, when an asset’s price reaches an all-time high, it’s wise for investors to wait before they buy-in.

One common saying in investment (no matter the market) is “buy the rumour, sell the news.” To purchase an asset at an all-time high, by contrast, is very much buying the news.

Behavioral finance expert Shari Greco Reiches explains that FOMO is simply an instance of an investor “panic buying.”