Is Bitcoin a Good Investment Heading Into 2018
If BTC does not become a long-term trusted store of value, its likely price will be close to zero
Should I invest ter Bitcoin? originally appeared on Quora: the place to build up and share skill, empowering people to learn from others and better understand the world.
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There are two questions one should think through.
Whether one should invest te bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $Two,000,000 a coin (depending on how many coins are lost and are actually ter circulation). That is overheen 100x the price of where BTC is today.
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If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a “cool” collectible. which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected terugwedstrijd. It is still very risky but professional investors should invest some petite portion of their portfolio te this case.
If you think BTC has a 1% chance of becoming a long-term trusted store of value, you should not invest.
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If you think BTC has a 0.001% chance of becoming a long-term trusted store of value, you might consider a brief.
Two. Bitcoin is a religion. how good are the evangelists?
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Like all stores of value and collectibles, Bitcoin is a religion. It is like gold or a Rembrandt painting. it has no specie flows so its value is only what others think it should be.
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And like all religions, Bitcoin has evangelists and early disciples.
Bitcoin has a few things going for it ter this regard:
1. The savior, Satoshi Nakamoto , is unknown and potentially not alive anymore. So wij can only attribute wonderful things to Satoshi and cannot see hier/his faults. If Satoshi Nakamoto eventually becomes known, it will make it firmer for Bitcoin to become a true religion and this firmer to become a long-term store of value.
Two. Early bitcoin disciples and enthusiasts are super wise, superb at marketing, and mostly were already very wealthy before bitcoin. There are about 1000 people that were very early public Bitcoin backers. at least 50 of whom were already worth overheen $100 million before they got into Bitcoin (and a few were billionaires). Thesis people are incredible connected, wise, media savvy, good at PR, and tapped into the world of finance (some run large financial institutions). They are “rebels” te a sense but they are also very much part of the establishment. They have the capability to help get Bitcoin to go mainstream.
Should you invest te Bitcoin?
I’m not going to give advice on that. Te even the best-case script, Bitcoin is amazingly risky. so if you do invest, you should go te expecting to lose all of it.
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