Is It Too Late To Buy Bitcoin?

2021-6-12 20:25

Did I miss my chance to buy Bitcoin at a good price? Is a question that goes through every investor’s mind, particularly investors who are just getting into the market.

A little over a year ago, Bitcoin was less than $5,000 after the asset fell 18.3% in March 2020 and for a while, it seemed as though the world had pushed Bitcoin further down the list of things to worry about. This was when the pandemic had started its tremendous run, that still continues, might I add, and countries were going into lockdown one after the other.

Related Reading | Investment Strategists Gives 3 Reasons To Buy Bitcoin

Analysts were giving varying predictions of how this would affect the financial markets, with some predicting a tremendous drop in the markets. And for a while, they were right. March saw the markets crashing and people losing large amounts of money in a matter of days, sometimes hours. But then May happened.

Bitcoin's chart showing its progression from April 2020 to present day  | Source: BTCUSD on TradingView.com

The chart above shows how Bitcoin started its recovery in April and in May, it just kept going up, not looking back. Not long after, Bitcoin was in the $10k range and a lot of people thought that they had missed the boat to buy Bitcoin. Then Bitcoin went to $20k, most people thought they had missed the boat and it was too late. Same song and dance until it hit $60k and back to where we are now at a little over $37k at the time of writing this article.

Why You Should Buy Bitcoin

There are a number of reasons that could be given as good reasons for buying Bitcoin;

It is independent of other asset classes. Bitcoin is a new asset class. Given it’s a digital currency, it’s not subject to inflation or devaluation that fiat currencies are. It is a good store of value . Bitcoin cannot be confiscated by authorities.

There are a lot more other reasons but I have listed a couple.

Related Reading | Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

Onto the question of why you should buy Bitcoin and if it is too late to buy, a good argument is it is always a good time to buy Bitcoin regardless of where the price is. It will take a while to get there but eventually that is the end game for it. So when you look at Bitcoin as a value on its own, one Bitcoin is equal to one Bitcoin. Not one Bitcoin to $37k or whatever the fiat price is at the time you are reading this article. It makes more sense to buy Bitcoin at whatever price it is.

Why You Should Not Buy Bitcoin

But listing out good reasons to buy Bitcoin and not pointing out some of the downsides of Bitcoin would make this piece incomplete so here are some reasons to not buy Bitcoin.

The price fluctuates a lot. There is no real-world application yet for it besides being as asset. It’s subject to manipulation more than any other asset. Storage and security issues due to being a target for hackers. Bitcoin transactions are irreversible

Despite being about a decade old, the technology behind Bitcoin is still relatively new. Lots more reasons could be given for or against buying Bitcoin. But it is up to you to decide whether this is an asset you want to put your money into.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95673.44 (-1.31%)
Объем 24H $40.53b
Изменеия 24h: -1.52 %, 7d: -6.61 %
Cегодня L: $95673.44 - H: $97458.26
Капитализация $1898.09b Rank 1
Цена в час новости $ 37185.06 (157.29%)

bitcoin buy less ago market year little

bitcoin buy → Результатов: 126


Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal

On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the crypto several times in the last two years. Bitcoin Stablecoin Supply Ratio Shock Momentum Forms “Buy” Signal As pointed out by an analyst in a CryptoQuant post, out of the 11 previous such buy signals, 10 ended up profitable for the crypto.

2022-9-10 22:00


Bitcoin, Ethereum, BNB, XRP, Solana Price Down, Should You Buy the Dip?

After a sharp decline in price last week, Bitcoin, Ethereum, BNB, XRP, Solana, Avalanche, and most other cryptocurrencies are showing additional bearish momentum this Sunday. With the current state of the market, is it a good idea to buy the dip, or should traders wait longer before deciding to take advantage of the situation? Bitcoin, […] The post Bitcoin, Ethereum, BNB, XRP, Solana Price Down, Should You Buy the Dip? appeared first on NullTX.

2022-5-9 16:41


How to buy bitcoin with eCheck [Routing and Account Number]

Buy low, sell high. It’s the mantra for any investment, bitcoin included. The bitcoin craze is at an all-time high, and its enthusiasts, including you, are looking not losing any more time with the decision to invest in bitcoin – the question is only what is the easiest way to buy it? Well, aside of […] The post How to buy bitcoin with eCheck [Routing and Account Number] appeared first on CaptainAltcoin.

2021-10-7 10:14


How to buy bitcoin with eCheck [Routing Account]

Buy low, sell high. It’s the mantra for any investment, bitcoin included. The bitcoin craze is at an all-time high, and its enthusiasts, including you, are looking not losing any more time with the decision to invest in bitcoin – the question is only what is the easiest way to buy it? Well, aside of […] The post How to buy bitcoin with eCheck [Routing Account] appeared first on CaptainAltcoin.

2021-3-3 20:49