Should You Invest In Bitcoin? A Detailed Explanation!

Bitcoin is the hottest topic these days among the investers as well as non-investers too. The sudden increase in the price of bitcoin has drawn all the attention that were wandering. Now every other person wants to learn and earn through bitcoin. Some not even to learn and just to earn. But in this sheep race, they miss very common sense and take unwise decisions and results into loss, or very minimal profit. Here I am to explain whether you should invest in bitcoin or not. Let's see.

Let me start from introducing bitcoin a bit. Bitcoin is a cryptocurrency or you can say in easy words, a digital currency which has it's basis in japan. Bitcoin was just another cryptocurrency untill it got fame by its sudden increased price. From 0$ to around 1100$ within few years. This created a huge hype in market and every second person started investing in bitcoin hoping to gain huge profit. Yes they are not wrong, bitcoin is still going to increase and surely it's going to make a huge benefit for those who invested, here my point is, people like you and me, who doesn't have much to invest and are hoping to gain benefit from it.

See, I am a part time earner or not even that. All I get is either a pocket money or a little earning from other sources. Anyhow I saved 100$ and I plan to invest it in bitcoin. Just imagine I bought 100$ bitcoin last month, It's been 30 days and I see my 100$ bitcoin is worth 150$. That means 50$ in one month, let's wait still, till next month It's estimated that my 100$ is going to be 250$ or around. This is based on predictions which can be wrong too, but one this is sure that it won't go above 250$. So I get profit of 150$ in two months. Is it sufficient?? Of course not good for me.

So what should I do?? I would rather go and invest in something else like stock market or something like that, which is both legal and many know about that. I don't say bitcoin is illegal, but it's neither legal. Bitcoin is your option for investment only in case you are planning to invest for long term. Investment for short term in bitcoin is never a wise option.

Anyway this is my own personal view. There are many other consultants who can lead you better. Thanks for reading, just leave reaction and upvote if you agree.