Sunday, 05 July 2020

Should I start investing in cryptocurrency in 2018? Is it too late?

You’re not alone.
I dipped my toes in the water back in November 2017 when bitcoin was around $9000. I thought it was too late…

Then as it rises to stratospheric levels around $15,000 , again I thought I just missed the boat.

When It came crumbling down a few weeks ago due to widespread regulation and uncertainty, I finally recognize and capitalize on the irrational fear of the marketplace and started investing in more Bitcoins.

If you are having your doubts whether or not it is too late to invest in Bitcoin , know this; Bitcoin’s volatility is a major sign that it is still in its infancy.

Adoptions will begin very slowly, gradually, and then all of a sudden happen all at once.

Mass adoption will likely happen when people start running away from fiat.

Once the roads are paved and electricity is running, it will be too late by then.

To put things into perspective, this picture shows the situation from July 2017 :

At the moment Bitcoin is around $165 billion and the entire cryptocurrency market is around $431 billion.

Cryptocurrencies is at around 0.6% of “All Money”

So you get the picture, and use your own judgment .

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