True Bitcoin has had a massive turn since 2013 and was one of the year with benefits for Bitcoin investors or holders it started with $13.3 in 2013 and by October crossed over $200 unlike 2012 which was not too outstanding.
Today bitcoin is about $45,474 per dollar and many cryptocurrencies are now been generated to compete greatly with Bitcoin, leaving the fact that it is the most known cryptocurrency most individuals are still been illiterate about it.
Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.
So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?
There are prediction graphs made in the past that in retrospect accurately predicted just how big bitcoin could become in the years to be. Forgot his name honestly but if I'm not mistaken it was a formula of sorts or a price prediction graph (either of the two) which made headlines for how ambitious it was but eventually, it turns out that he's onto something.
With that in mind I say bitcoin could become really big in the years to come, even some early bitcoin developers and backers predicted bitcoin to reach as much as 300k in this particular bull run alone. Which is a longshot and yet an ambitious one from the 100k ATH price that we're shooting for, in spite of the fact that bitcoin destroys our expectations of it (in a good way of course) everytime a bull run commences. If that would be the case we may as well expect bitcoin to be 300k in the months to come, or perhaps next year as it takes bitcoin a whole year before it really gets into its feet and gain some traction even after every halving. For the meantime, I say it's better to be early in the game than be late in it and reap the scraps of what you could've enjoyed. It's not even risky to invest in bitcoin at this age anymore as compared to other cryptocurrencies in the market there's some level of price security involved with bitcoin that allows you to have that peace of mind even when the price is crashing, so long as you don't sell your position of course. So yeah, invest in it and don't delay.