Post
Topic
Board Economics
Re: Investing in Bitcoin in 2019?
by
satosibtc1000
on 29/01/2019, 08:48:58 UTC
I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.

I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.

I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.


What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
Everything in the market is a bubble. I mean not only the cryptocurrency market but also ordinary shares. Bitcoin is a great and reliable technology that does not depend on any state and I think that the technology will develop. So I invest in bitcoin and not afraid that it will burst. The demand for it will increase over the years, even if it is banal to give an example that it becomes less. Bitcoin mathematically creates this for growth.