History of Bitcoin's Price:
Back in November of 2015 bitcoin was worth $327. By November in the following year bitcoin was worth $750.77. In The following November Bitcoin sky rocketed all the way to $7412.55. Today bitcoin is worth $11,404.20. Bitcoin is growing fast. Based on these numbers long term investments are the way to go with Bitcoin.
Is Bitcoin a safe investment?
Although Bitcoin has seen a great past growth bitcoin is a decentralized crypto currency which means it is not tied to any one country and has no middle man. Without physical ties Bitcoin is a very high risk investment. I personally recommend you to only invest as much as you can lose.
Personal tip from the Author:
Do not be scared when your bitcoin value drops... Just like stocks the price fluctuates. Timing the market is sometimes smart but I recommend you to only sell for higher than you paid and keep up to date on the recent prices. When investing in crypto currency the risks are a lot higher so be careful!!!
Thank you for reading my article comment below if you have any related questions.
