Any investor worth his salt knows the importance of making good investment decisions based on tracking and analysis. However, when it comes to Bitcoin, the cryptocurrency’s value shot up unexpectedly, which meant that other than the early adopters of Bitcoin, everybody else was left out and are probably still kicking themselves because of it (as they should). Bitcoin has come a long way and is currently hovering around the $40,500 mark.
But, it has not always been smooth sailing for the cryptocurrency, and Bitcoin has lost more than 80% of its value on multiple occasions, but it has always managed to bounce back up and do even better. However, there are many new investors who are still on the fence on whether or not they should jump on the Bitcoin bandwagon. Keeping that in mind, here we are going to talk about some of the more telling reasons why if you don’t invest in Bitcoin, you’ll only be leaving money on the table.
Addressing the Elephant in the Room
We know you’re thinking it, so best address this misconception head-on. The volatility shown by Bitcoin recently has left many investors on edge, with some even making the mistake of getting rid of whatever Bitcoin they invested in. However, it is important to note that Bitcoin is currently the highest valued cryptocurrency available in the market today, and that isn’t going to change any time soon, especially since the second-highest performing crypto is still valued thousands of dollars less when compared to Bitcoin.
The best thing for new investors to do right now is follow in the footsteps of the early adopters of Bitcoin. While there were many nay-sayers back then as well, those who were smart enough to invest in Bitcoin have cashed in big. According to the pundits, right now, Bitcoin has huge potential to cross six figures, so whether you are an experienced investor or someone who is just starting out, you wouldn’t want to miss getting a piece of the pie.
Better Bitcoin Regulation
Bitcoin and other cryptocurrencies have notoriously operated in the wild west of the investment industry. As in, there is little or no regulations at all when it comes to investing in Bitcoin. The lack of regulation regarding Bitcoin has left many investors uncomfortable about investing in crypto at all. That being said, all of this is going to change very soon with talks of new government regulations over the horizon, which will further secure digital transactions.
Keeps You Safe from the Devaluation of Fiat Currency
There’s a reason why Bitcoin has seen the highest number of investors this past year than any time in its 11-year history. Everyone, from SpaceX’s and Tesla’s Elon Musk to Twitter and Square’s Jack Dorsey, has invested millions of their own money into Bitcoin and are confident of the bullish future that Bitcoin is expected to have. Since Bitcoin is not linked to a fiat currency, it is safe from the devaluation that fiat currencies have traditionally gone through.
And while Bitcoin does have its ups and downs, it has always bounced back up after a major dip in its valuation, which should be enough to give new investors the confidence they need to go ahead and invest in Bitcoin. If you are looking for a reliable and safe app that you can use to trade your Bitcoin or other cryptocurrencies in, then look no further than the bitcoin equaliser app. which gives you daily updates and stats that you can use to make your crypto investment grow.
Source: Read Full Article