![]() ![]() ![]() There are many factors which will balance into the behaviour of price, especially market manipulation, regulatory actions and, of course, both institutional money and other financial investment vehicles (like Bitcoin futures or ETFs). When we look at how the market has been evolving, since its birth, I would expect this “bubble” like behaviour to continue, maybe indefinitely. Seems illogical that the biggest problem in cryptocurrency (adoption) could be easily fixed by creating ecosystems where users earn tokens for doing things. The point worth extrapolating is that, much opposed to general belief, I do think there are many different ways to redistribute wealth properly and to create incentive systems for everyone being able to earn cryptocurrency. I won’t go into too much detail about the subject, as I really want to write an exploratory paper on how (I believe) money should be earned and accessed. In my humble opinion, as an economist, I think most of us are dead wrong on how we think money works. ![]() Is The Future Bright?ĭepending on where your political and economic view-point stand, Bitcoin can either be the world’s savior or its demise. With a few twists, some side-track topics and the usual delightful shenanigans.īefore we go any further, please remember the below warning:Īnyone who tells you they’re not in it for the money are either lying or don’t need to care about money because they have so much of it, diversified over so many assets, their risk is quite low.īack to what matters. ![]() What you, and everyone else, really want to find out is how much you can still make.Īnd today, that is what I’ll be discussing. What you desire to know is not how much money you could have made. Knowing when you could have bought and sold it’s important from a learning perspective, although real investor education happens in a most peculiar way usually, by making wrong bets and suffering through bearish seasons, that is. I know these statistics are fun to play with, but they hardly bring you any real value. My point still stands: if we only take into account price and time, you’re actually way more likely to have made a bet at the right time, than the opposite. There’s always a dark-side to everything, right? Of course this also means you only had a 3% chance of selling at the right time. As it is traded for about 1917 days, there’s a ~ 97% chance you bought Bitcoin when its price was lower than USD 8200. Now, if you want to understand if that price level is interesting, consider the following: the likelihood of having invested in Bitcoin at any given point in time since its inception while actually profiting from it, is about 97%.īy doing a rough estimate, we can quickly see Bitcoin has only been above USD 8200 for about 137 days. The Bitcoin Timelineįirst we grab a price level, like when Bitcoin was around USD 8200. Being your own bank means you’re always responsible for your own money- Setting up the ambianceĬryptocurrency investment is one of the hottest topics we can discuss today, as there are many different opinions on what the future might hold for Bitcoin.ĭue to the regulatory bodies world-wide having different approaches towards the subject, while at the same time Bitcoin being decentralized and not belonging to a single entity/organization, investors usually feel uncertain towards the future use of digital cryptocurrencies.Īn important point, however, is that from a money-making perspective, which is what matters at the end to any investor, Bitcoin is undoubtedly one of the strongest profit vehicles since it came to existence – probably the best asset ever created: digital gold. Never forget: with great power, comes great responsibility. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing. I have savings invested in cryptocurrency so take whatever I write with a grain of salt. –this article shouldn’t be taken as financial advisement as it represents my personal opinion and views. If you’re wondering how you should treat Bitcoin, as an investment vehicle, allow me to share with you guys my non-expert opinion. ![]()
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