I’ve been hearing a lot of different opinions, and I’m really curious, What could Bitcoin be worth 10 years from now?
Is it still a good idea to invest in Bitcoin for the long term?
I'm just trying to understand if it’s something worth holding onto over time. Any advice, or beginner tips would be super helpful!
Thanks in advance!
In the year 2011 Bitcoin was below $10 and now 2015 Bitcoin is at $114k. This incredible increase in the price of Bitcoin speaks volume so yes it is still good to invest as I believe it would be 10× more the price in the next ten years. It is the perfect idea because you are thinking about holding in the long term goal and that's just awesome, bitcoin's price is rotational that's a fact but it has also proven itself over the years that it is worth investing in, I have seen online predictions for Bitcoin that it would reach the price of Gold in ten years time and I'm saying that it may not really reach the price of Gold's market cap at 21 trillion but it will definitely be 10× profitable.
The price of Bitcoin 10 years from now is not going to be easy to speculate because by then, a lot of crypto traders would have been in high profits and their would have been large players in the market. The crypto market is still growing and I hope we understand the influence of Bitcoin in the crypto market.
We are still counting each Bitcoin at the rate of $116k, maybe by then we could see the price of Bitcoin at $500k or more due to the large adoption of Bitcoin as the father of all crypto projects. I am very optimistic about this create asset and I know so many are still waiting for that time to come.
Taking up some some assumptions about into its price isnt something that would be that simple on making those predictions. Come to think that we dont eve know on what would happen on 1 year time, then let alone on 10 year period? My approach into this one is that you shouldnt be that making yourself that fixating about on what would be the price of Bitcoin or whatever you've been that investing into, into a particular time when it comes to its price. Yes, we do have the rights on making up some speculation or talks about into its potential price since this was a volatile space and unpredictable ones then there's no way that we can be able to predict on where prices would be that going. Its always been best that you should be just that simply that go with the flow on whats the market is that making. No one could predict on when it would happen.
If you've been having those long term approach and believing into its potential then the best shot is to make up some accumulation even on gradual phrase. They key on here is that you should be that only investing into the amount on which that you can afford to lose. Always be considerate that no matter what and sees out and be prepared for those negative things that lies ahead.