Are you too late to invest in bitcoin?
This is the question most new-comer in the crypto-currency industry asks.
Let us investigate if you are, you see, the price of bitcoin today for example is $15,000 per 1 bitcoin, if you buy at that price then you held it in your wallet for some time, you need to wait for the value to become $30,000 in order for your $15,000 to double, and when will happen? Not soon, but probably a year or so according to experts. So you will still earn from it and also lose on it if the value of bitcoin goes below from the price you purchased it. So, are you too late to invest in bitcoin? the answer is no, its just that it is hard for you to double your money that way and there is a big possibility that the value will go down since you bought it at a higher value, the best way now for you to buy bitcoin is to wait for a big dip (where the value has a high percentage of decrease), because it will come up eventually.
But let me change the question, are we too late to invest in cryptocurrency or altcoins?
Ofcourse not, you see, just like bitcoin and ethereum (the 2nd cryptocurrency with the largest marketcap), they started from a small price value. And all of the cryptocurrency, tokens, coins, whatever you may call it, has the possibility to appreciate in value just like ordinary gold and silver, depending on the demand and supply and ofcourse the number of users. So in order for you to capitalize in it you should buy it, at the lowest price possible, and when is that?
Enter ICOs, or initial coin offerings, the digital format of Public Coin Offerings, all ICOs tend to have pre-icos and pre-sale, that is where and when you need to buy it. But before you invest on it, you should investigate the company first and see if they are legitimate, because these also are prone to scams. You can bet an ICO is a scam if their whitepaper does not tell all, or whitepaper does not exist or team of developers are unknown, address is unknown, and founders are unknown. So do your homework before investing.
You can see some of my recommended ICOs on my blog here.
http://icowatcher.blogspot.com
I think bitcoin will go down. It's slow and expensive to trade.
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yes ofcourse, if not, then newbies cannot invest on it because it is too expensive, the secret in trading is buy low and sell high. With a marketcap of $224,592,140,438, I think bitcoin is here to stay.
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Myspace and aol once had big market caps. There's a lot of competition in crypto.
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yes ofcourse there is, just like any industry, there exist competitors. So you have to weigh in and cease the best time to invest in it. All investments have risks, you just have to diversify to many companies and invest what you can afford to lose. If you think the future of bitcoin is going to be null, then don't invest on it, if you already invested then do something before it's gone, there are two sides of the coins as always, and there are always an opportunity where to be safe than sorry.
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