This topic can vary to every individual. It greatly depends if the function of the investment and interest of the user will stick together for Bitcoin has advantages and disadvantages.
Is bitcoin a good investment?
Bitcoin has no third-party seizures this means that only the user can control the transactions that will occur. It also does not have taxes, transaction costs, tracking, etc. Bitcoins can not be stolen as well. The early birds who invested in bitcoin are very lucky to have made that decision. Bitcoin had abruptly increased a lot in just a short time of years. 1 bitcoin today is about $1,750. If they have invested much when bitcoin first surfaced, they would be undoubtedly wealthy today.
Is bitcoin a bad investment?
However, there won’t be a guarantee that bitcoins will continue to abruptly increase. As bitcoins are fluctuating down and up, there won’t be a guarantee that it will stay up than going down these following years. That means it would still be a gamble to invest in bitcoins. Since bitcoin is fluctuating unpredictably, there will be a hard time controlling bitcoins. Bitcoins do not also have a valuation guarantee. If there is a sudden dumping of the major bitcoin holders, there will also be a sudden drop in the value of bitcoins. It goes true to the positive side as well. We won’t know when bitcoin will reach its climax due to its unpredictability. There is a need to quickly adjust on these occasions.
To break it down, investing into bitcoin is a gamble. It requires one to be ready for the consequences and if lucky enough, enjoy its richness. To talk about bitcoin as a good investment should consider the investor’s interests. If the user is up to its pros and cons, then he or she might as well go for it. But if the user wants to play safe, then it is up to him or her as well. Thus, the investor should know his or her interests and later know if investing in bitcoin will be a good investment.