Bitcoin – Is Bitcoin A Good Investment?

Is Bitcoin a good investment?

What is Bitcoin?

On 3rd January 2023 , the crypto community celebrated Bitcoins 14th Birthday.

The pseudonymous creator of the Bitcoin network, Santoshi Nakamoto ,mined the first block of BTC transactions.

Simply put, Bitcoin is digital proof. Moreover, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.

There will only ever be 21 million Bitcoins.

This is a fact. If all the Bitcoin supply in existence were to be distributed evenly across the people of the earth,then there would only ne 0.0023 BTC for each person.

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Is Bitcoin worth buying right now?

If you own more than 0.0023 ,you will own more than 0.0023 ,you will own more than most people will be able to own.

furthermore, Gold is also scarce,but funnily enough ,we don’t know what its final supply will be.

Moreover,gold has a $6 trillion market cap.If Bitcoin becomes a form of digital gold or a new asset class .

If it reaches the same total valuation as gold ,that would put Bitcoin price at approx. $340,000 per coin.

If this happens ,will you think ,if its worth buying right now?

Perhaps, this sounds too good to be true .But remember that Bitcoin used to be worth $1.

Reasons for Buying

a. Bitcoin is Transparent

Bitcoin is more transparent than the Federal Reserve. Bitcoin has 2 things ,that no other currency in the world has, not even the U.S.Dollar.

These are Decentralization and Transparency. Bitcoin’s transparency is in direct conflict with the Federal Reserve .

Not only do we have no transparency into past transactions in the fiat currency system i.e. where our taxpayer dollars go .

But we don’t even know how much money is being printed.

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b. Bitcoin is uncensorable

Bitcoin can not be censored by any country . Further, decentralization guarantees that.

So you can hold a store of value that no one can take away from you.

5. Transferring BTC incurs low fees

International payments can be time consuming and surprisingly expensive. Fees can range from 3.5% to above 10% and take days to process. Equally, Bitcoin has fees too.

To be fair ,the fees can go quite high as the value of Bitcoin rises or the Bitcoin blockchain experiences heavy use.

Nevertheless,Bitcoin often offers lower fees than many foreign transfer institutions.

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6. Bitcoin regulation is developing positively.

Back in 2010 ,regulation on Bitcoin was nonexistent. Then came countries banning Bitcoin and Cryptocurrencies.

However ,countries are adopting Bitcoin as a way for people to transact and store value.

The SEC ,for instance published a framework for digital asset classification.

Improvements like these help legally define Bitcoin and cryptocurrencies.Which in turn helps mass adoption.

7. Bitcoin offers Potential Profits

After its creation in 2009 , the Bitcoin price has been on a parabolic uptrend. Yes there have been dips ,but zooming out we see a clear uptrend.

That has pushed its price from less than $0.01 to where it is today.

After all ,if you own a home and housing prices go down, you don’t panic sell your home.

You know that in 10-20 years the price is bound to have gone up.

It’s the same with Bitcoin.

8. Bitcoin inspires philosophical choices

For some investors, the question , the question “should I buy Bitcoin ” is less about the price action and more about the ethos behind Bitcoin.

Further, for these people Bitcoin is a movement.

The fundamentals of a Bitcoin

a. Transparency means less government “big brother” control and oversight.

b. Decentralization means big banks and governments cant censor or confiscate your money.

c. Immutability means no “fudging the books” or shady business since transactions can’t be changed.

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Bitcoin review

As many now know the financial crisis was caused by big banks playing fast and loose with people’s money.

And now governments around the world wanted to help those big banks ,ball them out .

Using taxpayer money. What did governments use ? Your money .

Our hard earned was used to give “golden parachutes” exit bonuses.

Worth tens of millions of dollars .To the top fat cats.

Why Bitcoin is a good investment .

Because with its transparent and decentralized blockchain. Further, it gives us financial liberty.

Moreover, this financial liberty also comes with financial gain.

Since Bitcoin’s meteoric rise in price ,many early investors made considerable wealth and decided to share the love by setting up charities and funds.

9. Bitcoin is a new asset class – Great for diversification

If Bitcoin is truly positioned to disrupt gold ,perhaps even to replace it as a store of value,it is also a new asset class.

Diversification is another reason why you should invest in Bitcoin and cryptocurrencies.

But there are 4 reasons Why not to Bitcoin

Although we believe Bitcoin is a good investment ,its not all white.And there are a few reasons why not to buy Bitcoin.

1.Bitcoin could undergo technological hatch. The most troubling problem on the horizon for Bitcoin may not be hackers .

Government shutdowns or similar problems.It could instead be that Bitcoin becomes obsolete.

2. The only way to cheat Bitcoin blockchain is to calculate the private key using the public key.Which is extremely hard with conventional computers.

But with a quantum computer it is easy. Bitcoin is much more at risk.And it could be completely broken by a quantum computer as early as 2027.

So,is Bitcoin a bad investment?

1. Right now no. Because quantum computing is still extremely early in development. But in 10 years? Maybe or maybe not.Bitcoin and its blockchain are a technology.

And technologies are dynamic . Adapting and improving technology is the reason we don’t need to unplug our phone line just to plug in a modem anymore.

2. Experts remain conflicted on whether bitcoin has bottomed out yet. Some say it already has .While others say bitcoin could fall as low as $10,000 like 2022.

The next Bitcoin halving is expected to take place in early 2024. And as adoption grows and the halving approaches ,a new bull run should emerge.

Which is why our Bitcoin price predictions for 2023 estimates the coin could test new highs and be worth as much as $75,000 by this point.

Main Reason

The main reason a traditional investor may want exposure to Bitcoin is to hedge against inflation and potentially the collapse . Of the fiat-based economy. Bitcoin is available from a multitude of centralized cryptocurrency exchanges.

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Following are Popular Exchanges for buying Bitcoin.

1.eToro

2.Uphold

3.BitcoinIRA

4.Public.com

5. Wunderbit

Advantages of Bitcoin Investments

1. Liquidity – The high liquidity associated with Bitcoin makes it a potentially great investment vessel if you are looking for short term profit.

2.Lower inflation risk– Bitcoin is nealy immune to hyperinflation .It still undergoes inflation but at a predictable rate.

That is halved every 4 years.The blockchain system is infinite and there is little need to worry about your cryptos losing their value.

3.New Opportunities – The newness brings unpredictable swings in price and volatility. Which may create opportunities for massive gains.

4.Minimalistic trading – Stock trading can be a tedious process covered in red tape and can only be done during specific market hours.

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Conclusion

Similar to any speculative investment ,buying Bitcoin obviously carries significant risk. As the traditional finance world realizes Bitcoin’s potential for disruption .

They must choose either to adopt cryptocurrencies or face irrelevance. It’s volatility risk is one of the major factors determining whether Bitcoin is a good investment.

But it is not necessarily good or bad. The personal decision to invest in Bitcoin comes down to your appetite for risk and your perspective on the future of humanity.

Bitcoin Performance

Despite the entire crypto asset class seemingly teetering on the brink of collapse — or perhaps because of it.

Moreover, Yahoo Finance bitcoin quote page (BTC-USD) has racked up more than 157 million views so far in 2022, making it #8 on the year’s top ten trending tickers list.

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FAQs

To buy Bitcoin or any cryptocurrency ,you will need a crypto exchange where buyers and sellers meet to exchange dollars for coin.

As a beginner you need to opt for one that balances ease of use. With low fees and high security.

Minimum token can be of $10 dollar. Most crypto exchanges have between $5 to $10 dollar.

a. Cloud mining

b. Referral program

c. Airdrops

d. Coinmarketcap

e. Staking

f. Bounty

It is never too late to invest in Bitcoin.

In fact some people believe that the best time to invest in Bitcoin was years ago.

Further, the second best is now.

a.Pionex

b. Bitsmap- using staking rewards

c.Tipping Bots and Platforms

d. Freecash.com

e. Mining Browsers and Free mining Software

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