We want to grab your attention to this article on the subject of why you should Invest In Bitcoin.
This article aims at providing you with information that you will need in order to understand why you should invest into Cryptocurrencies.
Have you considered investing in cryptocurrencies? Some people think that it is an opportunity of a lifetime.
Others say it’s a bubble. So should you risk your cash to take a chance on cryptocurrencies? Here are the three main reasons why you should.
Contrary to what you might think, greed is the most significant enemy of an investor, because it makes you act irrationally, and makes you make bad decisions.
For example, when Bitcoin rose to almost $20,000 per coin back in December, a lot of people were extremely bullish about it and got greedy.
There are plenty stories about investors who took out loans to buy Bitcoin at that price hoping that it will go up very quickly who then got severely burnt when Bitcoin fell below $10,000 per coin.
And they only have themselves to blame. Greed got the best of them. So how can you prevent this from happening to you?
Only invest money that you can afford to lose. Of course, no one would be happy about losing money, and that’s completely normal.
But would you be okay? Would you still be able to pay your bills and put the roof over your head and food on the table?
Reasons to invest in Bitcoin
Okay, so you are now thinking of investing in cryptocurrencies, but you still aren’t sure. Well, here are three things that you should consider.
1) It’s still the early days.
Many people regret not jumping on the Bitcoin train back in 2010. That’s understandable. Imagine buying Bitcoin for $0.06 a piece and then selling it seven years later for $17,500 per coin.
Many technology experts think that what we are witnessing now in cryptocurrency scene is similar to the early days of the Internet.
Yes, we might be in a bubble, and that bubble might burst, but that in no way means that it’s “too late” to invest in Bitcoin.
2) You can make a lot of money.
Make a lot of money by investing in cryptocurrencies. For example, although Bitcoin has dropped drastically from its all-time high of $19,694 (at the moment of writing it’s down to $10,543).
People like John McCafe still say that it’s going to hit $1,000,000 per coin by 2020. That means that putting a $1000 in now would get you $100,000 in 2020.
Of course, there’s no way to know if McCafe’s predictions will come true.
However, Bitcoin seems to be the ultimate high-risk, high-reward investment indeed. And that’s not just Bitcoin. There are plenty of other cryptocurrencies full of untapped potential.
3) There are still undiscovered cryptocurrencies.
The way technology progresses means that the first mover will probably not be the market leader in the future.
Remember Yahoo and Myspace? Well, they ruled the search and social media niche. Up until Google and Facebook came along.
It means that Bitcoin, although it might reach $1,000,000 per coin, probably isn’t the cryptocurrency of tomorrow.
There are 100 cryptocurrencies listed on Coin Market Cap, the cheapest of them costing only $0.02 per coin.
It’s possible that one of these coins can become the cryptocurrency leader in the future.
Cryptocurrencies have tremendous potential, and they will probably reshape the modern world beyond recognition in our lifetimes.
Investing in cryptocurrencies might change your life forever.
Do you want to be looking back in 2020 and think what could have been if you had only invested in cryptocurrencies then?
So take action today. It could be your ticket to the life you want. Just remember only to invest money that you can afford.
In conclusion, I feel this article on Invest In Bitcoin will get its worth once people like you feel that you have benefited from reading this. Take care.