That's a good way to look at it! Makes me think about buying it myself! I heard the US senators are thinking about banning the cryptocurrencies in the US, is that true? If the answer is yes, do you think the prices will go down, if they do! Would you buy in this case considering that cryptocurrencies might be banned forever?
RE: Bitcoin and Cryptocurrency Price Drops
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Bitcoin and Cryptocurrency Price Drops
There are many speculations of US Congressman/Woman more so trying to regulate cryptocurrency use. But, more so along the lines of how to tax the currency and track the transactions. If any major country or community outright refuses to use cryptocurrency it can impact the value or valuation of the commodity itself. Although cryptocurrency is similar to currency and some can be used as currency such as bitcoin, I prefer to think of the value of the currency like a commodity. For example if bitcoin was an item in a store, but many stores refuse to sell the item, the value may go down because no one really wants it but the manufacturer is still trying to sell it. But, the other around as well, if many stores want to sell the item then the manufacturer may want to increase the price, knowing that many stores are trying to use or sell their item.
In my honest opinion, cryptocurrencies are part of technology and with most technology they are a step toward the future. The future of growth and new ideas.
One thing to look at is specifically in Asia; Korea ,China, and Japan have very large markets and consider to use/support bitcoin and other cryptocurrencies. Since I don't believe they(cryptocurrency) will ever be fully banned, at least not in the nearby future, I would decide on which currencies I like or want to gamble on and then purchase and hold them. For best or for worse.
It's a gamble. Since cryptocurrency is very volatile, I can say that there can be high risk but if it plays out well, high reward.
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