Should You Invest In Bitcoin in 2019? Here’s Why It’s the Right Choice
Many people have no made their millions in the crypto market, but should you invest in bitcoin? The answer is yes. Click here to find out why.
8% or more of some of the most prominent country’s populations own cryptocurrency. That makes the buy-in for currencies like Bitcoin, Litecoin, and others in the hundreds of millions as far as participants are concerned.
But are cryptocurrency’s best days behind it?
It seems like the stories of Bitcoin soaring to unbelievable highs and creating millionaires on a daily basis have quieted. That has led many prospective investors to ask if buying into “crypto” in 2019 is worth their time.
Bottom line… it 100% is.
Below, our team answers all of your should you invest in Bitcoin questions with some pro-cryptocurrency facts!
1. The Market Is Young and Growing
One of the first things we tell people when they’re asking “Should you invest in Bitcoin?” is that the market is still in its infancy. That’s good news because when something as powerful as Bitcoin is so young, growth potential is enormous.
How badly do you wish that you could have bought into Apple stock back in the late 80’s when prices were just over a dollar a share?
You have that opportunity with Bitcoin and other cryptocurrencies right now.
While the days of valuations skyrocketing may be behind Bitcoin, growth is not.
2. Day Traders Can Still Make Money
The days of insanely volatile prices for Bitcoin and other cryptocurrencies may be over but there’s still some volatility to the market. If you know how to read the volatility as a day trader, there is a ton of money to be made.
Look no further than millionaires like the one described in this story to understand the real-life earning potential people like you make from Bitcoin day-trading.
For the savvy investor, get rich quick opportunities will still be up for grabs in 2019. Just be sure to understand the risks of day trading before throwing substantial money into the game.
3. Cryptocurrency Is Here to Stay
People decried Bitcoin and cryptocurrency as a fad in its early days. Those people were dead wrong.
More businesses are starting to accept Bitcoin as a form of payment. Whole economies are relying on Bitcoin to circumvent the volatility of their domestic currencies. 18% of the Turkish population has financial interests in Bitcoin.
All of that to say, Bitcoin is gaining traction, not losing it. That means you can feel more secure in the safety of your investments.
4. Bitcoin Is Healthier Than Ever
People look at the fact that Bitcoin isn’t skyrocketing in value every day like it was a year ago and think that’s a sign of a dying investment opportunity. On the contrary, when currencies are volatile, that’s a sign that they’re unhealthy.
The fact that Bitcoin has settled into more stable growth means that it represents less risk to your investment portfolio. It makes it more accessible to the responsible investor.
If you’re looking to earn stable returns on your investments to predictably generate wealth, Bitcoin’s recent stability and improved health make it more attractive than ever!
5. Market Sentiment Is Low
Again, people mistake lack of skyrocketing growth as failure on Bitcoin and other cryptocurrency’s part. That misplaced judgment has led to an investing environment where sentiment on Bitcoin is much lower than it was 12 – 16 months ago.
Does that mean you should stay away from it?
It means that you should buy more aggressively.
Investing guru Warren Buffet has been outspoken in his support of buying big when market confidence is low. Doing so allows you to cash in on low prices that are bound to go up when consumer confidence inevitably re-stabilizes.
2019 is going to be an excellent year to score outstanding rates on Bitcoin which we believe has the potential to create a lot more cryptocurrency millionaires in the coming months.
6. Large Financial Institutions Are Buying Into Cryptocurrency
Banks are beginning to deal in cryptocurrency. Hedge funds specializing in cryptocurrency are popping up every day.
What does that mean for currencies like Bitcoin?
It means that as governments attempt to impose further regulations on crypto, institutions with very deep pockets can lobby on Bitcoin’s behalf which will prevent over-regulation.
That reality is another reason why we forecast more sustained growth and a decrease in volatility in the coming year for cryptocurrency.
7. Awesome Tools Make Buying and Selling Cryptocurrency Simple
As cryptocurrency gets progressively popular, more tools are popping up that makes buying and selling Bitcoin and other currencies simple. Some tools (that you can read more here about) even automate your trades!
If you can hook up with the right trading platforms and the right information sources, you can predictably make profitable trades in the world of crypto.
Consequently, if you’re looking for an investment that’s easy to jump into, even as a beginner, we think that you should definitely consider dabbling in Bitcoin in 2019.
Wrapping Up: Should You Invest in Bitcoin in 2019?
We’ve laid out 7 solid reasons that answer the question of “Should you invest in Bitcoin in 2019”.
In case we haven’t made it clear, in our opinion, investing in Bitcoin in 2019 is a must for savvy investors and investing beginners alike that want to hitch their financial wagons to a currency that shows impeccable growth potential in the coming years.
As with all investments, be sure to do your diligence prior to investing. Read everything you can about Bitcoin. Source as many opinions as possible. Make sure that it’s the right investment for your unique portfolio.
Want more “Should I invest in cryptocurrency” information? Looking to learn the ins and outs of Bitcoin? If so, check out more of our content on The Daily HODL today!
James is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
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