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.
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.
In short, for short term – that’s anywhere between 3 and 7 years – investing in Bitcoin is likely safe. But you must only invest your money that you can afford to lose.