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?
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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