With all the questions going on in cryptocurrency. For those of you who got into crypto some time ago. You may have many question about what is going on and the future. I went through a few lists of common questions and came up with one that is a quite popular that people think about. The question is.
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
So yes, if you invested in bitcoin or other cryptocurrency, you may at times ask yourself this question about if you made a mistake or not.
What would be reasons to cause you to ask yourself this question.
One thing to remember is Bitcoin is not a get rich quick scheme. It’s still a very young, raw asset. Most of us OG’s have made huge profits but it wasn’t quick. With extreme patience & the power of HODLING comes big rewards.
If you bought today for example & HODL for 18 months it could be the best thing you ever do.
Just don’t expect to buy today & get rich overnight, it doesn’t happen. People with zero patience who’ve read about getting rich quick with bitcoin shouldn’t bother if they haven’t got the balls to HODL through tough times. Nothing good in life ever comes easily.
Bitcoin was never created to be a quick rich scheme as mentioned. It was meant to be a store of value to be used as a source to purchase goods and services with. It is good to invest as you keep storing up and when it comes time to use a new currency, you will be ready.
Any new investor can take his losses and walk away but the right way to make profit is by holding,
Those ones who thinks they will become rich in 1 week with bitcoin are wrong. So, if you feel like you make a mistake then bitcoin isn't for you.
For the investment part. Yes It will take time for the value to come. The main objective is for bitcoin to become way more valuable then all the fiat systems out there. This will take time of course. With education and the constant changes in markets and economies. People will be looking for something much better to use in the space for their everyday lives.
Again this will take time and effort. Of course the market did boom back in December 2017. Even then at that moment, it was just a small point of the scale. Not totally solid in my opinion so do not feel that you missed out. It only gets better from there. The market did go down and now it makes it better time to buy into crypto with better price.
Bitcoin was never meant to be a pyramid scheme or anything by that matter. It was always meant to be a solid project that only the people in the world could take part in, not the government and banks.
Keep looking at how inflation is happening all the time on almost everything. This is partly due to the failure of the fiat money system. By holding and buying bitcoin or any other crypto. You are investing in a future and pointing towards a different direction.
Bitcoin was created by a solid team, who we never exactly may never know who they are. Knew exactly what they were doing and were totally smart about the whole project. They knew about all the problems of the current money system and what the world economies were headed.
Bitcoin will help solve those problems that society is facing. By buying and holding bitcoin you will be part of that change. Also you are helping create that change. No matter what someone says to you or what you hear in the media that may sound negative to Bitcoin. You just have to be strong and always think in the positive. In my thoughts. You have done the right think. please keep buying more bitcoin is what I suggest as it will help the entire progression of cryptocurrency for futures to come.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.