My Amateur Investment Thought
The halving of Bitcoin has been the hot topic and many predicted the rise of Bitcoin.
I have never really invested in Bitcoin especially my experience in using Bitcoin was not pleasant.
I used Bitcoin when I wanted to buy ICO a few years ago and the fee was really high but transaction was slow that took many hours.
Bitcoin has managed to get above 9k and coming close to 10k at the point of this post.
The highest price that Bitcoin had in the last 2 years was $19665.39 in 06 July 2017.
The above QUICK STATS was sceenshot from coingecko
$19665.39 is close to twice the current price of $9774.59 .
We can see from the below chart that the price of Bitcoin is indeed going up steadily.
The above chart was sceenshot from coingecko
I personally like Litecoin better and I just bought 6 Litecoin today.
The above screenshot was taken from my mobile Coinbase app.
I usually use Litecoin whenever I want to purchase other alt coins.
From the chart below, we can see the price movement is quite similar to the Bitcoin.
The above chart was sceenshot from coingecko
Over the last two years, the highest it had gone was $360.66 in 18 December 2017.
The above QUICK STATS was sceenshot from coingecko
$360.66 is almost 8 times of the current price of $44.28.
I took a chance in Litecoin while many are rushing to buy Bitcoin.
Looking at both highest points of the coins, I would say that Litecoin seems to have higher potential based on my personal opinion.
The chance of getting a few times more could be higher if I just be patient and keep them as a long-term investment without panic selling.
The truth about cryptocurrency is the moment we sell at the price lower than what we buy, we lose money.
Regardless of how the market is, we just keep it for long term. Sooner or later, we may gain profit.
I cannot say that my opinion is the best since I am not a professional but it does sound logical to me.
Hope you find my first crypto-related post interesting.
Thank you for reading my humble opinion.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that. All images and pictures were taken from google images that are free from copyright under labelled for reuse.