This question has baffled many cryptocurrencies enthusiasts who aren’t sure as to what bitcoin holds for the coming days and how investing in bitcoin will result eventually. If you are thinking to invest in bitcoin, with all the up’s and downs bitcoin has seen over the years, one’s proper research and volatility of bitcoin has to be understood first.
Unlike other investments like stocks or options, bitcoin still seems like a gamble for so many of us. And that is solely due to the fact that, cryptocurrencies are still not clearly understood by everyone and it hasn’t fully gained people’s trust. With risks such as significant price drops or hackers wiping out your digital wallet, are some unseen events that one usually do not prepare for. And that’s why it posses lot of risk for investors who are new to the industry.
Looking at the past, bitcoin has seen dramatic changes in it’s market value. These market value are sometimes driven by market sentiment and also often due to internet news or incidents.
Therefore, in order to determine how good of a investment bitcoin is ? It is ultimately a guessing game. If we look back and see how bitcoin has established itself against US dollar, it is easy to convince someone that it is investable and that bitcoin will sustain. But at the same time, bitcoin reached a height of $19000 dollars and quickly hit the downfall ever since.
Recently bitcoin has been wandering above $10,000 threshold and is almost impossible to predict or say what it holds for all the crypto enthusiasts.
For many of us that is keen on seeing a decentralized asset that is fully distributed among community is what drives the future of bitcoin. And may be that will drive for investment also. But for some of us, that are not interested in bitcoin and believes more into trusted banks and government entities, investing in bitcoin will never be an option for them.