I have read different articles on the web why bitcoin is a bad investment even after performing well than most assets out there. Most of these resources claim how risky cryptocurrency including bitcoin is, so what is your opinion about Bitcoin?
As “Moon” wrote, BTC is limited to 21 Million Coins and 1 BTC = 100 Millionen Satoshi , so if BTC will be established in the Future it is possible that we are paying in Satoshis cause Bitcoin is limited . In fact of its decentralized structure BTC is protected from direct goverment influence, F.e. It is not possible to mine more than these 21Million coins . If you do your research how many USD or EUR was printed in the last 2 years, it is obvious that we will see an inflationary increase for FIAT Currenccies.
If you are long term on BTC you will see an increasing price developement, but also a huge amount of volatility , that become less in the future cause more and more money flows into the BTC Asset. And it will stabelize and be a good store of Value. Also the adapation of financial institutions and industries will stabelize the Pricerange of BTC .
If there are no ,so called Black Swan Events, like the Covid Pandemic in 2020 or a crash @ the stock markets, Or if goverments decide that to own BTC is illegal ( like it happens with Gold at the start of the 20th century.) I am pretty confident that over the next 10 years BTC will be far above the actual price. Predictions are made up to 500 K $ in 2025 . To understand how BTC and the Cryptomarket is moving search for “Stock to flow Model” , take a view on the webside “Lookintobitcoin.com” , read about the “HALVING” and 4 year cycle.
But with an eye to the end / top of this cycle, Mentioned from diff people will be between Dec 21 and Feb 22 . I think that investing in BTC and the Cryptospace is a good idea. Think about $ Cost averaging your invest. Buy Drops, and be good with the mindset, that its always possible to loose a huge amount of your money.
no financial advice, ….. but if youre spend a little time daily to inform yourself whats happen, how it works and the idea and technology behind BTC and Cryptospace youre are early and a lot more certain in what asset you invest. Use Youtube, coingecko, coinmarketcap, cointelegraph, daily hodl etc. to read and watch and understand.
Why this Will bad idea my friend? This is really Verygood Idea. You can now the Bitcoin price. Between Five Months Bitcoin price has Doubled. So if you want invest on Bitcoin, you can invest it.
It is not a bad idea to invest in Bitcoin. Bitcoin has been a good investment for decade now. It will always be a good investment because bitcoin has started gaining massive adoption across the world now.
If it wouldn't be risky, it couldn't be highly profitable either. If you want to invest safely, cryptocurrencies are not for you. People invest into bitcoin because they are speculating on volatility, some because they see the potential in blockchain tech.
It is always a good idea to invest in the king of cryptocurrency. The value is projected to multiply in the next 18 months giving the recent halving. So go for it. Bitcoin to the mooooooooooooooon!!!!!!!!!!!!!!!
Some people will consider bitcoin as a currency while some will consider as an asset. Here are my reasons why I think is a good idea to invest in bitcoin:
- Scarcity:- Bitcoin is limited and, has a finite supply max of 21 million Bitcoins.
- Bitcoin is a store of value.
If you HODL and don't panic sell you will be fine :).
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