After the financial crisis in 2008, the Cryptocurrency revolution was a shocking pleasure for many investors. Well, Bitcoin, the first Cryptocurrency, was first seen in the market in 2009, and as far as we know, it was created by a person or a group of people called Satoshi Nakamoto.
Though it’s just the presumption of the pseudonymous person who no one has ever seen, and after 2010, this particular presumption is also gone because there is no sign of virtual interaction from this person as well.
However, Blockchain, the technology behind Bitcoin, is there to deal with Crypto trading and its advancement over time. It is a decentralized process, and people are enthralled with its distributed ledger.
However, the Crypto market is volatile like other investments and stocks. But many people are considering Bitcoin as their prime investment approach since its circulation. However, we do not know for sure if it is going to the global reserve currency.
Advantages Of Bitcoin Investments
In 2021, El Salvador accepted Bitcoin as a legal tender despite the huge controversy among people around the globe. To understand the investment purpose of Bitcoin, we need to know what features we can obtain by investing in it.
Bitcoin is probably the best liquid investment in this world. You can easily invest in Bitcoin or exchange it with cash or use it like gold assets with low fees.
With Blockchain technology, new opportunities will be there; thus, you can think of it as a future investment.
Stock trading can be tedious and does not deal with the minimalistic trading process. On the other hand, you can simply go for Bitcoin trading with the dedicated trading platforms 24*7.
Disadvantages Of Bitcoin Investments
Governments are not accepting it because they do not find it legal in terms of data and circulation. If you trade Crypto, there will be no thyroid party behind you to track the transaction, and thus you will not be able to recover the money once sent.
Apart from that, a decentralized process can increase the rate of cybercrime, which will be out of the control of the governments.
Market volatility is one of the major concerns related to Bitcoin trading. You never know what you are going for and what the future is bringing. Though investments are subject to market risk Crypto market is at its extreme level.
As it is not regulated by the government, trading can be malicious with Bitcoin. With cyber threats ruling the market, you will not get any help from others to back your security purpose.
The transactions can be of low cost with Bitcoin, but no one is sure about its existence in the future. So, you are not sure what your investment future will be with this particular investment.
Is Now A Good Time For Investment?
Before you go and buy Bitcoin, you need to analyze the market properly. The chain flow, current risks in macro circumstances.
Bitcoin nowadays has a tight range between $16,391 to $20,000. The collapse of the Crypto exchange FTX is becoming hard for investors. Crypto fell in the last two or three months by 27%, and that is not good news for any Crypto investor.
In addition, Bitcoin trading is depriving, among other risk assets. For instance, the S & P 500 has gone up by 5%. The FTX chaos has created a long-term decrease in Bitcoin price, which is deferring hugely from its all-time high price: $68,789.
It has gone down almost 77% now from an all-time high to an all-time low. So, if you ask a straight question about investing in Bitcoin right now, the answer is no, as the price might go down as low as $8,250 according to the market conditions and inflations.
Though it’s risky now or near, if you are smart enough to go for long-term investments, then you can consider Bitcoin for sure. For instance, if your intention is not quick gambling and you can wait for three years or so, it might occur that you get the benefits.
In that case, you can try investing in Bitcoin through the-cryptoboom.com and choose the long-term process.
What is bearish now can be bullish in the future.
Disclaimer:This article is not intended to be a recommendation. The author is not responsible for any resulting actions of the company during your trading/investing experience.
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