Why critics have had it erroneous about bitcoin Investment Decision

While most people want to know BCHAC Fork, it is important to note that this investment has had major fluctuations, which caused some investors to frown and others to smile. This is a digital currency that can take a daring investor on a very wild ride. Looking at bitcoin, if one invested in the currency at the right time, the person bought one bitcoin at a price of $13.30, and that was back in 2013. If the same person sold the digital currency on December of the same year, the price was $1,150, which is more than 85 times of the original investment.

But assuming the investor held the currency up to 17 January 2015, the individual might have doubled the money. Despite this, the individual would nevertheless be worried of the bitcoin investment because, because mid-January 2015, the digital currency has fallen in value to over 30% when it hit all-time low to $207. With these details, can it be the ideal time for investors to start buying bitcoins?

Many people will have different responses to this question. Those in support of buying bitcoins are digital entrepreneurs who insist that one should spend bitcoin since it is the future currency that has proven lucrative recently. Other financial specialists suggest that it may not be the right sort of investment because the digital currency has had negative publicity to a point where it has been termed to have the possibility of giving rise to high-risk investments and frauds. While the future of bitcoin is uncertain, the past has revealed that it is an investment that can pay off huge profits and, therefore, worth risking.

Posted on December 18, 2018