Reasons Left to Buy Bitcoin

Bitcoin all time high of $20,000, people were entering the cryptocurrency market. There was a promise of massive growth, potentially huge returns on investment. People thus flooded the market, entering for all the wrong reasons, really. However, this created a massive spike in interest and a massive spike in price. Things have changed somewhat now, with Bitcoin heading towards $6,000 rather than above $20,000, and this has caused a huge sell off as investors now flood out of the market.

The issue was, with this massive spike in interest, that people were throwing money at something they did not understand in the hopes of making a profit. It sounds familiar because it happened before.In comparison to stocks and bonds, Bitcoin does not hold much water as a good investment asset, especially when considering long-term capital appreciation. True, Bitcoin has increased its value substantially over time, but it lacks a few other facets.

But in any case Bitcoin shines as a technology. Those who are trying to separate Bitcoin and Blockchain are wrong in doing so, but their premise is right; Bitcoin should be heralded for its potential as a technology.

Should I buy Bitcoin today?
As old as the adage is, it is worth repeating and highlighting: ‘Don’t buy Bitcoin to become an overnight millionaire.’ The reason this needs to be said again is because it will end badly for the individual and for the currency.
If like the Internet and all its associated powers today, you believe Bitcoin can change the world, then it is worth buying into today - while it is cheap. If, you are out to make a quick buck, leave this space alone.