The Time to Buy Bitcoin?

First, let’s start with a question – Do you hold any Bitcoin?

If the answers is no – then the road ahead is simple:

Only buy crypto once you’ve researched it and have some basic understanding of the tech.

After that if still interested – buy some Bitcoin.

Do not pass go and buy XYZ crypto.

Don’t run off to the charts (you likely only vaguely understand) and try to read the technical tea-leaves – buy a small BTC position when you feel comfortable doing so and hold it for the long-term.


This is the calculated risk you would be taking:

a) BTC succeeds in becoming an at scale player on the world financial scene.
If a) then value of BTC = unknown but orders of magnitude higher than its current valuation (12k approx.).

Review the Bitcoin Historical Chart (2015-2019) -What pattern do you see?

To date, BTC has rewarded buyers and holders.


The Downside

b) BTC fails to gain traction or is superseded (much further into the future) -value falls to negligible level (sub $1000).


Effectively a binary outcome.

BTC will either become a recognized store of value and attract a piece of the global financial pie, its scarcity guaranteeing exponential return on investment or it won’t and will wither to naught.


All your capital is at risk.

The whole lot.

So, don’t bet the farm but do invest a small amount of disposable income in an asset that holds the promise of substantial returns (once you feel you understand it at some level).


All Cryptos are not Created Equal

Image by WorldSpectrum from Pixabay

Critically – XYZ cryptos are not in the same position. Without exception, they are still in the proof of concept phase. It’s all promise…Even Ethereum and EOS have yet to attract substantial numbers of active users to their deployed applications.

In addition, many crypto projects will succeed and yet accrue little value to the token.

Many, many more will fail. A select few will forge ahead and also accrue substantial value but picking these winners as a new investor is largely unnecessary – the champ is right here – right now – Bitcoin.

And…..should BTC itself fail – the door slams shut on a great number of these endeavours -their very existence hinges on Bitcoin.

The relationship is not reciprocal – each and every Alt can fail without affecting the store of value proposition of BTC.

So, if you have still to take that first step – do yourself a favour and ignore the punters bleating of the great riches to be found with XYZ and invest in the crypto most likely to deliver – Bitcoin.

Lastly -invest -means a multi-year horizon – even better a multi-cycle horizon 10 years or more. Sure, with time and experience you may finesse your interaction with the crypto market but start simple and go from there.


Read This

It’s your money – you worked for it – it was hard to acquire – don’t let the greedy monkey inside your head convince you to ‘over-invest’ in BTC or any crypto. Take your time and research Bitcoin and the market in general before you deploy any capital Only after a period of learning, and reflection should you purchase crypto. Always remember – risk high is not a concept – there is a high percentage chance of you losing everything you invest.


Onsite Resources





Offsite Resources

Understanding the Bitcoin Price Chart

https://trybe.one/understanding-the-bitcoin-price-chart


Getting Started with Cryptocurrency

https://trybe.one/getting-started-in-cryptocurrency


What is the Next Big Cryptocurrency?

https://trybe.one/what-is-the-next-big-cryptocurrency


Crypto Coins to Watch and How to Go About Finding Them

https://trybe.one/crypto-coins-to-watch-and-how-to-go-about-finding-them

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

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