I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.
FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣
Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.
Hard Facts
In cryptocurrency, bitcoin is the one suitable for a long term investment, and many people now are still buying this coin even it takes a long time before they will get their profit. As a trader, we must keep updated what is happening in the market to be aware when is the right time to buy and sell our coin. One of the excellent trading technique is to buy bitcoin when the price is low. From the previous year, the bitcoin price goes up for over 14 thousand dollars, and it is enormous in the middle of the month of 2019, but before the year ends, the cost of the bitcoin slowly going down. Then this is the excellent opportunity for investment.