Should I Invest In Bitcoin 2017

Bitcoin cracked 1 000 on the first day of 2017.

Should i invest in bitcoin 2017. So if you had bought for 10 000 eur of bitcoin on the 1st of january you would now have 70 000 eur worth of bitcoin. For example in the past bitcoin s price fell over 80 in the course of several months this happened a few times throughout its existence. Bitcoin is a very risky asset type. Blockchain based cryptocurrencies have been around for over a decade since the release of bitcoin in early 2009.

If you had invested 1 000 worth of bitcoin in 2009 when it was priced at just 0 01 and you subsequently held on to your investment until late 2017 when it reached 20 000 your 1 000 investment would have made you a billionaire. Which investment can give you such a good return. Bitcoin is a highly speculative investment. Bitcoin was invented in 2009 but hasn t taken off as more mainstream until the last year or so.

Although bitcoin and the blockchain technology have been around for almost a decade 2017 is definitely the year of bitcoin. The many forms of investing in bitcoin before i begin a word of advice. The price topped 17 000 on some exchanges thursday and 18 000 on at least one. While the asset class has grown considerably it remains relatively small and highly volatile so deciding whether to insert a small bit of bitcoin or other cryptocurrency exposure into a portfolio allocation can be a controversial and confusing decision.

Its value has already multiplied by 7 in 2017 so far. This was a post i created for my newsletter devin s daily c. Should you buy bitcoin right now. It is extremely volatile and even the most solid bitcoin investment should be treated as a high risk investment.

It s an investment just like stocks and shares though it s currently unregulated the govt is looking at regulation to minimise money laundering but the whole basis of cryptocurrency means this will be very difficult to do. Investing in bitcoin is no joke and securing your investment should be your top priority. The daily average price ratio between the us and korea between december 2017 to february 2018 reached 40 for several days. In a span of a decade the price of bitcoin is in four figures.

Should you invest in bitcoin mining. If you had invested in bitcoin on the 12th of april 2013 with a small amount of 100 you would have gained an roi of 17434 370 on 13th december 2017 when bitcoin reached its first all time high.