Why bitcoin is a good investment opportunity today
Hello, I am Photogeek and this is my first post on Steemit.
I am a cryptocurrency investor since 2015 and today I decided to share my thoughts about the cryptos on Steemit.com
I'll try to make my post short and interesting. So here we go:
I believe in next crypto bull run and I am sure it will happen and set new highs although many critics predict its death.
Here is why:
- Bitcoin is Scarce - It is more scarce than Gold.
- Unlike USD or other international currencies, Bitcoin can be used anonymously as a source of payment, financial transaction, investment asset, etc.
- History repeats itself. If we look back to Bitcoins journey from its price equal to cents to thousands of dollars, you will see that nothing extraordinary is happening at the moment.
- Bitcoin can never be centralized. It can be regulated but not managed.
- Bitcoinmania is spread all over the world, not just particular place or places on earth.
- Most of the bitcoin investors (Not in terms of investment volume but number of investors) are not professional investors but all kinds of people with all types of profession and lifestyle.
- Cryptocurrency market is not yet mature and it is still a "child". More than enough room to grow.
- Way too many financial and investment professionals are discussing about Bitcoin, some criticizing it and some endorsing. Bitcoin has a huge level of attention from Governments to corporations and Individuals. PR is going on.
- I am a Hodler :)
The last bullet was a joke!
I would appreciate if you tell me your opinion and mention in your comment if you agree to my hypothesis or not.
Best of Luck
@photogeek
Welcome to Steemit. I hope you enjoy your stay here. I am also new on the platform, you could wish to check out my blog and consider upvoting my introductory post. I have upvoted yours, I know my upvote is currently worth nothing, but it still shows courtesy.
პირველი პოსტი. მამილოცნია!
ყველა ნაწილში გეთანხმები.
მადლობა!
welcome to Steemit @photogeek !! :D
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Hello @photogeek! Welcome to Steemit! CryptoNews 24/7 is launching as a source for daily insights into the CryptoMarkets. Please give us a follow to keep up to date on the latest trends in the major CryptoMarkets. Whether markets are up or down, a wise trader can always find a way to turn a profit! If you have any questions, please just reply to this comment or come on over to one of our daily analysis posts and we will be happy to respond.
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Welcome to Steemit buddy :) I definately agree with you, Crypto's will rise again :)
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