Many of My Friends keep asking me “If they should buy Bitcoins“ … I would never advise anyone on how they should invest nor anyone should read this article as an Investment advice … This is my opinion on Bitcoins.
It was not long ago in the Cryptocurrency when Bitcoins reached it $10,000.00 US Dollars Milestone. It was then the talk of either selling for profit or buying for profit began …
“If you had one shot or one opportunity to seize everything you ever wanted in one moment, would you capture it or just let it slip?” words from a song I was listening to while thinking about investing in Bitcoins 😊 Did you capture it or let it slip???
For those early investors who bought bitcoins in early 2017, when one cost less than $900, you could have a profit of more than 1,200% now !!!
Now for those who were unlucky and bought at the peak of about $20,000.00 US Dollars on Dec. 17 (a special day for me – not related to bitcoins), you’d have lost more than 40 percent of your money as of Jan. 16, 2018, when the price was $11,200. More than $2,000 of that decline came in about 24hrs after South Korean Finance Minister Kim Dong-yeon indicated the country may crack down on cryptocurrency trading to discourage speculation. It’s not every asset that can feel like it’s in a bubble and a crash at the same time.
I mean think about the use of Bitcoins currently in the real world, it’s a difficult currency to use!!! The network is slow and expensive for small transactions. Here is a Video of Buying Airline Tickets on Bitcoins :
Should You sell your bitcoins ??? Only You can answer that question for yourself !!!