There are tons of “Crypto Crashers” spreading the word about the improbability of bitcoin to survive in the long run.
I get it.
In 2017, Bitcoin experienced unfathomable growth that just can’t be explained by traditional financial rules. What investment goes from $1K to $19K in a year? That’s unheard of, right?
The stock market was the Tapioca pudding of investing and now these new decentralized forms of money (cryptocurrency) is taking most of the attention way.
So when the new kid comes on the block and appears to be a threat, what do you do? You attack!
But if you’re smart, you would do something else. You would learn as much as you can so that you can illustrate the pros and cons in an authoritative way.
And that’s exactly what I did!
What I found was mind blowing!
Despite my skepticism that I had towards Bitcoin previously, I realized that Bitcoin was the smartest investment decision that I made in 2017.
Here are 4 Reasons Why Bitcoin was Hotter than Shrimp Bouillabaisse:
If you invested in Bitcoin, you know exactly what I mean.
Every soul who dipped into the waters of Bitcoin before November 2017 has more than tripled their investment.
Yep! You heard that right.
And everyone else is still screaming that “Bitcoin is a Bubble”.
Tell me this: Have you ever heard of a Bitcoin investor crying at night talking about how much they hate their job?
They didn’t have time for that because they were so consumed in the money they were making that they didn’t have time to think about any misery.
Think. About. It.
If you were ever down and depressed in 2017, Bitcoin had the ability to change that.
By investing in Bitcoin, you gave yourself permission to dream again and believe in the possibilities. You allowed yourself to take a chance and just go for it no matter what the alternative outcomes were. You didn’t let the fear of losing stop you from finding out how you could win.
Bitcoin appears to be just a decentralized coin in the eyes of many, but for some it was the life line that opened up doors they never thought existed.
It gave people something to look forward to. That’s huge! People lose their zest for life because they are not expecting beautiful surprises.
Well the individuals who invested in Bitcoin learned how to stretch their mental boundaries and dive in to the possibilities of life.
It’s usually the things that we don’t do that we regret. If you learn how not to be afraid when investing your money, you’ll learn how not to shy away from opportunities that come your way.
Now that’s a game changer.
Bitcoin is not just an investment opportunity; it’s a learning opportunity.
For many, Bitcoin was the first exposure to the investing side of the markets. You started to learn how markets work, what volatility really means, and added words to your vocabulary that made you sound like a crypto goddess.
Some of those words include cryptocurrency, blockchain, FinTech, decentralized, altcoins, capital gains, and the list goes on.
In a conference held in February 2017, PwC FinTech Director Subhankar Sinha advised students to buy and hold bitcoin and ethereum in order to immerse yourself in the changes that are taking place in the finance world.
Bitcoin provided a great learning opportunity for those who invested in 2017. It allowed you to “stay woke” and go beyond Bitcoin to discover the changes that are taking place in the world of Finance. And you didn’t have to pay $50K in order to learn it!
There are no financial requirements to invest in bitcoin.
You don’t have to be a banker on Wall Street or a savvy spender to get in on the action.
You may be saying “but I thought Bitcoin was thousands of dollars!”
Nope. Don’t believe everything you hear. Do your research by attending webinars that help you get more information about your topic of interest.
You can buy a fraction of Bitcoin! So if the price of Bitcoin is $15K, you can just buy a percentage of that.
Presents don’t end on Christmas day when you invest in Bitcoin. Just be smart about the way you invest.
So everyone really wants to know “will Bitcoin be a smart investment in 2018?” Here’s what I have to say about that:
- Read, Research, and Read More
- Diversify Your Risk & Rewards
- Join the “2018 Great Wealth Transfer Challenge“
- And I’m going to leave you with the below quote …
“Don’t invest what you can’t afford to lose. Don’t be so afraid of losing that you never invest.” – Charlene Rhinehart