This article is not financial advice. Do your own research and don’t make any financial decisions based solely on my ideas or thoughts.
In short, yes. I believe you should consider buying Bitcoin.
In today’s article, I will share a few reasons why it’s not too late to make gains on Bitcoin and other cryptocurrencies.
LFG. 🔥
Bitcoin Is Just Getting Started
I’ve been modestly investing in crypto for years, and sometimes it feels like Bitcoin and cryptocurrencies are old news. But I remind myself that the vast majority of people still don’t even know what a blockchain is.
Not to mention other terms like mining, seed phrases, hashes, smart contracts, and Satoshi Nakamoto. Most people have no idea what Bitcoin is, how it works, or what the practical use cases of cryptocurrencies are.
As of today, Bitcoin is at a record high, yet the majority of regular people still haven’t entered the Bitcoin market. Simply put, there’s plenty of room for Bitcoin to grow.
It’s not too late.
Bitcoin Will Become a Mainstream Investment Class
Trump has openly stated that he will accept and adopt Bitcoin and integrate it into the financial markets. One of the most attractive aspects of this is that the U.S. government could create a Bitcoin reserve as a potential hedge against the debasement of the U.S. dollar.
I’d like to note that this idea is still somewhat speculative, considering Bitcoin’s value is largely measured in dollars, so there’s a bit of smoke and mirrors here. Nonetheless, if and when the U.S. government adopts Bitcoin as part of its fiscal policy, it’s only a matter of time until real-world applications gain broader adoption.
Bitcoin Will Get More Popular
Here’s a question to ask yourself:
Ten years from now, do you think Bitcoin will be more or less used in society than it is today?
For me, it’s hard to envision a future where Bitcoin has less adoption than it does today. That’s like saying the future will have less AI or less online media. There will only be more adoption of Bitcoin, and that means the value of Bitcoin will go up in relation to its scarcity.
One Last Thing: Please Don’t Day Trade
I’ve made a lot of money from crypto. But the reason I’ve made money is that I treat it just like I treat investing in the stock market.
I dollar-cost average (which means I automatically buy a little bit of Bitcoin every week, regardless of price) and I never obsessively check it.
All cryptocurrencies are insanely volatile. Everyone I know who tries to “time the market” with Bitcoin (or public equities, for that matter) loses money.
Don’t try to be cool or clever, and definitely don’t watch TikTok videos from “cryptocurrency investors.” No one really knows what they’re doing because no one fully understands this space yet. It’s a solution looking for a problem.
I buy and hold. I can’t tell you what to do, but I can tell you that’s what I do—and so far, I’m outperforming almost everyone I know.
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Professional day trader here 👋 great stuff man. I stay away from the trading community so it’s always nice seeing someone I like talk about it.
I stay away from crypto but bitcoin is in a league of its own. Definitely not a bad idea for long-term investing.
Last thing, those who try and “time” the market aren’t day traders. They’re compulsive gamblers 😂
There’s something to be said when 90% of those who try day trading fail at something’s where the odds are 50/50 lol