The Time To Diversify Is Now
One of he biggest issues with bitcoin is it was mined by a few for years which those few then created a stock pile of it. Only about 5%-10% of the worlds population actually holds any bitcoin.
With bitcoin at the prices we have now it truly is oversold and right now is a great time to start stocking up.
I write about this factor rather frequently anymore that just 0.00215 bitcoin is enough for you to claim your even share. If you took everyone in the world and each had 0.0215 bitcoin everyone would be on an even playing field. Hold more then that? Well now your in with the richest its that simple! Just $6,500 today for one bitcoin gives you the power of of about 320 people in the world.
Crypto has some issues but really the biggest is altcoins, so many junk coins that where scams and tricks are seeing their days numbered as bitcoin starts to correct itself and regain its authority.
With that said as it does bitcoin will become the main one to hold and will create a true world wide economy that will make transactions cheaper, faster and safer then ever before.
Great post nice analysis. Bitcoin is a long term investment for me. The beautiful thing is all coin holders will benefit when bitcoin goes up.
Agreed, the stabilization in the price of bitcoin lately I think demonstrates that value is now balanced with its price. However, given the development that is still possible and the potential adoption increases due to the capital coming into the technology, the value will increase as it disrupts many of the traditional payment solutions. The same will happen with other protocols that prove their value in adding adoption to many sectors of the economy.
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