The question seems a bit innocent doesn’t it? Of course, as long as you have the capital and the will to buy Bitcoin, no one can stop you. How true is the latter statement? It depends on what context. If Bitcoin were some kind of random item, the statement would have been valid.
In this case, however, we consider Bitcoin as a digital asset. This can mean multiple things for some people. Digital assets won’t always be as valuable as it currently is.
What Makes Bitcoin So Valuable?
Bitcoin is sort of like gold in a way that they both have limited supply. This is the reason why Bitcoin has the tendency to increase in monetary value overtime.
Bitcoin is considered as a functional technology for some people. Because of that, there are a lot of people who want it. In other words, the demand for this digital asset is quite high and due to its limited nature, the price of Bitcoin tends to go up.
It is also due to the nature of Bitcoin which is why there are times the price is on the low end of the spectrum but this aspect of Bitcoin touches base on a different topic.
The question that we want to answer here is whether or not it is already too late to buy Bitcoin.
A lot of people might complain about Bitcoin’s capacity to go down but some strategic investors can actually use this to their advantage.
When the market is low, this is the time when investors would purchase Bitcoin. The lower the price you were able to buy your Bitcoin, the more gains you are going to have when the market is high again. All you have to do is keep your investments and wait for the price to be up.
In that case, wouldn’t it be easy to say that we can just keep on following this strategy and then everything will be well in no time? We’re afraid things aren’t that easy.
Just like what we said earlier, the supply of Bitcoin is limited. With that, the moment Bitcoin has been sufficiently distributed, it’s game over for everyone. It would either be that the price of Bitcoin will go down to zero just like it was before the whole trend started or the price of Bitcoin will finally become fixed and this digital asset will finally serve its purpose: to be a digital means of transaction for people.
The creator of Bitcoin originally intended this technology to serve as a functional instrument for people. It was never meant to be an investment. The only problem that gets in the way of its original purpose is its volatility. If the price of Bitcoin finally becomes fixed, this solves all the problems. The downside would be that it would cease to become an opportunity for profit.
This brings us back to the question of whether or not buying Bitcoin as an investment is still a feasible choice.
Is It Too Late Join The Bitcoin Frenzy?
Our answer here is no.
We just have to break it to you quick and straight.
A lot of people keep talking about how buying Bitcoin isn’t worth it anymore. They say that the final batch of people how took out a significant benefit from Bitcoin already had their fair share in 2017 and 2018.
There are still lots of news scattered around the internet about how the price is still going to up. They say that the monetary value of Bitcoin will become higher than before. Earlier this 2019, there were some indications of that theory finally taking its course but it did not really last long. Other than that, the rise in the price happened just when everybody was deep in their slumber. Needless to say, there were little to none who actually benefitted from it.
But lots of Bitcoin enthusiasts didn’t lose hope. They were convinced that it was just some kind of glitch. The big thing was still about to come.
Rumors have it that the big rise will come this coming 2020.
So, you might be wondering why we think it is not too late to start investing in Bitcoin. The reason behind our answer is that the Bitcoin wave has not lowered down just yet. Sure, we have seen a lot of ups and downs.
However, if you have been watching investment curves for quite a while now, you would know that these fluctuations are normal.
Whether we talk about digital currency or stocks, these fluctuations are bound to take place. It does not indicate the end of the century of this digital asset.
At some point, people need to stop looking at Bitcoin as a mere investment tool. Beyond that, Bitcoin is a technology.
And what have we learned about Bitcoin so far?
We learned that Bitcoin has a ton of potential and we have only discovered a minuscule part of it. Despite how Bitcoin has already contributed a great deal of improvement for lots of countries now, we can’t truly say that this technology is already fully developed.
We know that we still have yet to discover multiple uses of Bitcoin in our daily lives. These things will take place soon but as of now, developers continue to explore.
In that case, we can only conclude that the price of Bitcoin is still going to rise. As long as the benefits of Bitcoin has not reached its peak just yet, we know that there is always going to be consumer demand.
As long as it has that, we know for a fact that the Bitcoin Era is just getting started.
