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Senior Software Engineer | Posted on
Let’s get the facts correct.
In January of 2013, one Bitcoin
was valued at approximately $13. Now in October of 2017, its value has crossed $6,000.
This year alone, its value has increased by 750 percent.
These numbers alone are
sufficient to entice even the sanest of minds to invest in Bitcoins. Add to
these the glorious predictions of top analysts who have said that in the next
10 years, one Bitcoin will value more than $1 Million.
Wow!!!
Hearing this, thousands of people
are rushing to trade Bitcoins every day. But is it safe? Should they do this?
When will this bubble burst?
The crowd is split in two. There
are so many experts who are hopeful of this trend in Bitcoin. The crowd on the
other side is just as much in size that is skeptical to the popularity of
Bitcoin. They believe that price of Bitcoins will eventually bust and millions
of investors will ensue hefty losses.
Who should you believe? Should you invest in Bitcoin?
The answer varies from
individuals to individuals. The Bitcoin bubble will eventually bust. But if the
charts and economic trends are to be believed, there’s still a lot of time for
that.
If you can afford to invest in
Bitcoin without putting your daily livelihood at risk, you should definitely do
it. You can invest through reputed exchange and leave that money there for few
months and years. Its value will gradually increase. You can also leverage arbitrage
opportunities to cut decent profit margin.
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