The Best Time To Invest In Bitocin:A blog around the best cryptocurrency to invest in and when.
“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild (1744-1812)
Each of the articles below is a long read, but if you want to understand how we got here, it’ll be worth your time. They are listed from shortest to longest and presented in chronological order.
Investments are always risky, so it pays to do some research and compare your options. You’ll want to compare the potential of each investment. The current value of Bitcoin is $43770.53; the previous day close was $44416.93; change for today -1.47%. The market capitalization of Bitcoin is $816,788,392,192,
the 24h volume traded with all trading pairs in the cryptocurrency altcoin universe is $65,611,597,751 and the total market capitalisation of all cryptocurrencies is $2,110,726,924,443 (Source: Coinmarketcap).
The best time to invest in Bitcoin was 8 years ago. The second best time is right now.
Those who invested in Bitcoin eight years ago are probably millionaires today. Those who invested one year ago are probably making a great deal of money today. And those who have only recently invested are likely to make a lot of money in the future.
As the old saying goes, the best time to invest was yesterday, and the second-best time is today.
Today, Bitcoin has become so expensive that it can no longer be considered as a means of payment, at least for everyday purchases. It has become an investment vehicle. But cryptocurrency investors always talk about “the next Bitcoin,” meaning another cryptocurrency which could become as valuable as Bitcoin itself. There are now hundreds of different cryptocurrencies, also known as “altcoins.”
These altcoins are alternatives to Bitcoin and hope to replace it one day as the most valuable cryptocurrency in the world. For now, they’re mainly interesting from an investment perspective because they’re cheap compared to Bitcoin while some of them have interesting features which could make them more useful than Bitcoin in the future.
The best time to invest in bitcoin was 5 years ago. The second best time is now.
I don’t know what will happen to the price of bitcoin or cryptocurrency in general, but one thing I do know is that if you invest now, you will be surprised.
I am not saying that to be provocative – I believe it. And I believe it because I have seen the future and the future is happening now:
Cryptocurrency is changing money as we know it. It’s happening right under our noses, but many of us don’t really see it yet. It’s changing how we interact with each other and how we transact. It’s also forcing us to rethink how we can use this technology for more than just money.
And just like people who invested in Bitcoin 5 years ago, you’ll look back at 2017 and say “I should’ve invested when I had the chance”.
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than depending on central authorities. In addition to being the first truly decentralized digital currency, bitcoin is also the largest cryptocurrency in terms of market capitalization.
Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets. Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk are two such indices reporting the average price. It’s normal for Bitcoin to trade on any single exchange at a price slightly different to the average.
The world-leading cryptocurrency exchange Binance has officially announced the launch of new trading pairs with Ripple’s XRP and TrueUSD – Tether’s latest alternative stablecoin – against BTC and ETH, with XRP/USDT having already gone live at press time.
XRP joins an ever-expanding selection of altcoins available for trading on Binance, which has proven itself to be a major force in the crypto
Bitcoin price has been on a tear lately, with the cryptocurrency shooting to its highest levels since mid-March.
But as it continues to surge, there are growing concerns that investors are getting in on the hype.
“Investors should be prepared for the possibility that they could lose their entire investment,” says Matthew Elbeck, a professor of marketing at Troy University. “Investors should not invest money that they cannot afford to lose.”
Bitcoin recently traded at $9,721.33, according to CoinDesk data, up nearly 7% from earlier in the day and nearing its record high of around $20,000 reached in December 2017.
The cryptocurrency’s recent gains have been driven by institutional interest and demand and an increased focus on digital currencies during the pandemic.
“Over the last few months … we have seen a growing interest from institutions who are now looking more into cryptocurrencies as they are accepting them as a new asset class,” Charles Hayter, co-founder CryptoCompare, said in an emailed statement Friday.
We are often asked questions like: “I have $1,000 what cryptocurrency should I buy?” or “What is the best cryptocurrency to invest in 2018?” This is a hot topic right now, especially after the recent Bitcoin price increases and widespread media coverage.
However, before you decide on which cryptocurrency to invest in 2018, there are some things that need to be considered. The first question that you need to ask yourself is: “What do I want to get out of my investment?”. In other words, how much profit do you want to make? Do you want to invest short-term with the possibility of losing up to 50% of your capital in one day? Or do you want to invest long-term with the objective of securing a high return on your investment over time?
In this article we will discuss both options and give you our recommendation about which cryptocurrency would be best for you.