Post
Topic
Board Economics
Re: Bitcoin: Best investment in 2017?
by
peter0425
on 28/04/2017, 13:10:36 UTC
If you want to be among The richest people on earth before 2020 then buy bitcoins now and hold. The way price is pumping up this days I think very soon maybe some where before the end of 2017 bitcoin might be trading above $2000. May the gods of bitcoin be among us.
2020 seems too early for your speculation, I agree with all your speculation except the timeframe. The gradual increase in bitcoin demand makes bitcoin prices keep on increasing every day. Hence it might need another five years at least to have some significant price levels like in millions.

Back to the topic, the best investment in 2017 must be bitcoins and I am very much sure in coming years too bitcoin will be achieving this. Because new investors will keep on increasing when seeing higher prices for bitcoin so this performance will continue.

I'm not sure that investors will be too active to join bitcoin. Now the price of one coin is too high and not everyone can afford to buy it.

Investors don't look if the price is high or not. They look at it in long term. If they believed that bitcoin price will truly go to the moon in the next couple of years then why not? Its still worth to invest right now and make profit if the price soon become x5 of your initial investment. So for you bitcoin is still a safe haven for investor to put cash in the bitcoin ecosystem.