What is the Future of Bitcoin, should you Invest?
This is a topic to consider. Why? Because we all know the politics this world is made of, right? But let’s not consider the political side of crypto in case not everyone of us is a politician.
Now, is Bitcoin an investment? A financial expert will tell you that you must be crazy to attribute Bitcoin to an investment.
According to whitecoatinvestor, Cryptocurrencies are neither a necessary, nor a wise asset class to include in your portfolio. Like whole life insurance and dividend stock investing, its fans will not be dissuaded. That’s okay, it’s a free country and you can do whatever you like with your money.
Bitcoin Isn’t Even a Currency for Investment
In fact, Bitcoin isn’t even what its proponents claim it is — a useful currency. Go ahead, go buy some Bitcoin and try to spend it at all the places where you routinely spend money.
What percentage of them take Bitcoin? Oh, less than 1%? What does that tell you? A useful currency is a stable store of value that everyone agrees to use. The value of a bitcoin is not stable in any way, shape or form. Nor is it widely used.
What to make of this is personal, but I will tell you what I think.
So Will Bitcoin ultimately be worth nothing?
It is possible, however, I can’t tell the factors that will make it be. The point is, while Bitcoin is live, enjoy the ride. Today it is about $9000+ which you can easily buy and hold in 4 minutes.
At the same time it can be $5000 by next week. Would you call this an investment? Well, it is tough yet there are crypto billionaires in town..
- Barry Silbert.
- Blythe Masters.
- Dan Morehead.
- Tyler and Cameron Winklevoss.
- Michael Novogratz and more.
What is the Best Cryptocurrency Invest?
There is no right answer to the best crypto. The only right answer is with you. What to do? However, here is a guide on Tron blockchain project, Stellar Lumen, and simple steps to buy cryptos on Coinbase.
Always DYOR and make your own conclusion, and as always, do not invest more into crypto than you are willing to totally write off.
And should you finally decide to invest, be prepared for the drum beats - the wild price swings both to the upside and downside, and be prepared to wait several years for good returns.
Finally, understand the importance of holding your own private keys inside a top hackers wallets.
Always act with discretion.
Buy and Invest in Bitcoin
Here is a guide on how To Open/Set-Up Coinbase Account. Should you want to use Coinbase, then here is the review.
In Conclusion, just as a user would say.
I usually buy with every drop and waited for 3years to buy the dip but it came with the most impossible timing. i was in military and there was no access to internet or whatsoever on that location for 2weeks. which ended up buying at 6k again.
