Is it a good time to invest money in bitcoins?
By: Jaeho Sheem
Tags: Business, Cryptocurrency, Life, Tech, Bitcoin

If you have read my articles such as this, than you know my gripe with questions asking about the price of bitcoin. This question has similarities that follow the same logic. However, it is interesting because of the way it is worded. Just like the price questions, questions pertaining to the time you should invest in Bitcoin and other cryptocurrencies are frequent. They are most likely the 5th or 6th most searched topic about cryptocurrency in general. Don’t quote me on that as it is conjecture.

I need to start this topic off with a disclaimer. This is not investment advice. It is my personal opinion and should not be taken into consideration when you are investing your money. For all investment advice, you can talk to your local investment firm or financial advisor.

It is March 2018 and I can definitively say that now is the time to start putting your money into Bitcoin. There is so much happening behind the scenes of mainstream media that it has me overwhelmed at times. I’m not talking about SEC rulings on cryptocurrency and investors either. For example, did you know that Wyoming just became a crypto compliant state? Wild, right?

I have three main reasons that lead me to believe that it is the greenlight to invest in cryptocurrency.

1. Low Price

2. Natural Market Movements

3. Institutional Adoption

Low Price

I believe that it is currently the time to start pumping your money into cryptocurrency because of the price it is currently at. In comparison to December 2017, Bitcoin and Ethereum are incredibly cheap. Most people that are shaky or selling bought during all time highs when price was going up. Now that it is down they are scared and trying to get rid of their coins. This is the number one way to lose all of your money fast.

This is a small anecdote that really had me thinking. Most people I talked to said during the 19,000 USD all time high,” Man, I wish Bitcoin was only 10,000 USD. I would’ve have bought more. I should have bought when it was cheaper than 10,000.” Well, now it is well below the 10k mark and these people haven’t bought.

Bitcoin has exploded by over 1000% even with this hard correction since 2017. Do you know of any other currency that skyrockets into those percentages even with bloodbaths? In addition, everytime Bitcoin has fallen, it has come back from the ashes twice or three times stronger. Don’t fall for the traps that bitcoin newbies fall into. Instead do what Warren Buffet advises: when people sell, buy. When people buy, sell. This leads me to my next reason

Natural Market Movements

People are failing to understand that we are in a natural state of correction. When you jump nearly 10,000% ROI in one year, there will be some insane drop offs involved. We are currently in one right now. There was no way that that unnatural growth would be sustained. Anybody with an inkling of financial experience could have told you that. On the other hand, people get caught up in the FOMO. It is hard to fight mob mentality when you see people’s networth suddenly grow by 5%.

My point is this: if something dips, it must rise. I understand that this point can be refuted in many cases, but Bitcoin is not one of those cases. Bitcoin has a global community and user base in the multi-hundred millions if not over a billion. It is being used every single day to transact or as a storage of wealth. It market cap exceeds some of the biggest conglomerates in America! Just like Microsoft stocks, what goes down must one day come up. The question is where your portfolio will be when that day hits.

Institutional Adoption

Currently, institutional movers are pushing to put their money into cryptocurrency. Companies such as Apple, Google, and Amazon are all exploring the possibilities of blockchain technology. Some have already implemented blockchain into their currently existing systems. For example, one of the largest Chinese manufacturers of pork has put their product on the blockchain. Consumers can now directly see where they are getting their meat from, where it’s been, and which companies have touched it. As more and more blockchain technology gets developed, the price of base currencies like Ethereum and Bitcoin will rise.

Governments like Australia and Japan are slowly embracing the idea of blockchain when it comes to social services as well. Platforms like BaaSid will revolutionize things like data protection. Their platform uses a Split ID engine that fragments and disperse data, eliminating the need for a central database. As innovations like Split ID come out, money will be increasingly put into the cryptosphere. It doesn’t even have to be shares of a coin. Things like jobs, productivity trackers, and innovative data will be created simply because they must.

Conclusion

Now is the time to be buying into cryptocurrency. Don’t be discouraged by the dips and slowdowns in the market. Look at the future and you will see that it is bright.

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