Should you buy Bitcoins in 2017?

To me, it does make a lot of sense! End of story, or rather the beginning. Bitcoin has been an ever-growing crypto currency since it began and there's not stopping it as of now. It might remain stable for a long time or go down a bit but anything tragic seems out of sight, but in this world, nothing is impossible. In Dec 2015, Bitcoin was at around $377 mark, and in Dec 2016 it was valued at around $1291 per Bitcoin, currently as on 18th April, 2017 it is $1197.02. It is clear that the dip of about $100 in the past 4 months cannot be ignored but so can't be the growth from 2015 to 2016.

Bitcoin can be an investment and the growth rate has been astounding but to invest, you need to understand what it is at the surface level. It is a market that needs some technical knowledge to be cracked and how it works is out there on thousands of websites and YouTube videos. Like any other investments, if you want to predict something you need to be very well aware of the technology, it's past, how is it shaping the future of its space and how is it solving the problems that it is supposed to. Technology is always-evolving. Be it smartphones, as it started from iPhone and now the latest Galaxy S8, smartphones have been able to do a lot of things but companies still realize that smartphones need a lot of work to be smart enough. Similarly, Bitcoin is evolving, getting more secure, engaging more users, securing more value, being more open day by day.

In a recent study, it was found that regular Bitcoin users are able to double their income in just 12 months.

Last year, the Indian Govt/RBI limited the amount of money that could be withdrawn from banks and it helped increase the value of Bitcoins even more, which in turn increased the number of users in India as well. Any negative event that should directly target and lower the value of Bitcoin has eventually made it even stronger with increased number of users and value.

According to me, all investments should be considered for a long term. Expecting a quick result is very short-sighted and pulling out too soon might give you a lot of regret and grief and of course, probably smaller returns. If you go in, go for the long-haul, start small. Some experts have made correct predictions when it comes to Bitcoins and are very well known, such as Vinny Lingham, Trace Mayer and Max Keiser.

It is pretty clear that the more users Bitcoin has and the more merchants opt-in to accept the crypto-currency, Bitcoin's value will increase over time. Currently, 1 BTC is $ 1198.69, roughly INR 77309.51, which is a high price considering the mean salary of Indian youth. Most people can't afford to buy a single bitcoin as of now, but in 2013, 1 bitcoin was valued at around INR 44K. The more you wait, the more you will pay for 1 BTC. Bitcoin doesn't seem to slow down anywhere in the near future. It is a long-term investment that should be made.