Still thinking if bitcoin is a good investment? Then read this first!

  

They called it a bubble! 

But is bitcoin really a bubble or just the opinion of people that are against bitcoin? 

The only problem then is, when you’re in a bubble, chances are you’ll never tell it’s a bubble. We think it’s not a bubble and thus will not pop. Actually we love that narrative especially if we’re in it (in a bubble). 

But are we free to call bitcoin a bubble? It’s easy to say yes especially if you remember that $5 trillion of stock market value was wiped out when the dot-com bubble pop in 2001. 

And bitcoin seems to be similar to stock trading. The only difference is there is more to it. 

Well everyone will want to see an economy with ever decreasing friction, bitcoin and cryptocurrency is playing a vital role to that end and the idea is here to stay. 

Familiar pattern 

When the dot-com bubble popped, no one ever thought we’ll see the rise of other dot-com companies like amazon, google, yahoo etc who have defy the odds. 

No one could give those dot-com companies the chance, but today, they proof to be a great investment for the investors. The same pattern will follow the cryprocurrency space. With over 1500 coins, the cryptocurrency is at its bubble and many will pop in time. 

By the few that will remain will be among the great investments.  The idea is to search and find which one will be great investment and the one that’ll just be a bubble waiting to pop in a long time. 

Bitcoin is the dollar of cryptocurrency 

Bitcoin is the major coin in the cryptocurrency environment this is probably because they’re the first. It’s the major coin that you can use to buy other cryptocurrencies in major exchanges like binance.  

Again, the market is equally influence by the movement of bitcoin: when it goes up or down, it influences the price movement of other cryptocurrencies. 

In a nutshell, the demand for bitcoin will always be high due to use of it and considering the supply will not be increased. With more and more wide acceptability of bitcoin as a form of payment for product and services, bitcoin will continue to maintain it’s value and will always rise no matter how low it goes. 

Bitcoin cannot be copied 

The technology behind the creation of bitcoin is called the blockchain. This technology makes bitcoin decentralized and cannot be copied or replicated.  That makes bitcoin to be in a position to maintain their relevance over a period of time.  

Finally 

I still think bitcoin investing is worth it. The demand and use of it is increasing by the day. It’s the matter of time we can see the rise of bitcoin again.