Nowadays,Bitcoin has been discussed a lot this days. Not only because it is not anphysical money, but also because its fast growing value every day. How much isa bitcoin worth today? From the statistic shows in Coindesk, tidy the bitcoinvalue is 18046.
85 dollar. That is crazy isn’t it? What is more crazy is thefirst bitcoin just worth 0.06 dollar.The bitcoin is the first decentralized digital currency, as the system workswithout a central bank or singleadministrator. The network is peer-to-peer and transactions takeplace between users directly through the use of cryptography, without anintermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.(Wikipedia,2017) People whohaven’t bought bitcoin earlier are regretting about not getting it earlier. Itis hard to say if now is the right time to invest on Bitcoin.
It is full ofuncertainty. There are three points to consider while deciding whether toinvest to not. First of all, will it keep growing? From the Coindesk, the totaltrend for Bitcoin is upward all the time and there was a dramatic growth on2017.
I think this is because when the bitcoin was just created, people do notsee this thing as kind of currency. The total amount of bitcoin is 21 millionand currently there are 12446725. The speed of discovering bitcoins will becomeslower and slower so in my point of view, I believe bitcoin’s value will keep increase. Based on demandand supply diagram,when the demand keep rising up, the price will go up aswell. Second ofall, is it too late to invest on it? For this question, I can not give aconfirmed answer because market is full of uncertainty.
But I predict that theBitcoin still have its potential to keep growing. From bitcoin-investment.com, it offers 4 options of investment plans:Special promotion, call deposit, compounding, and time deposit. The duration for each is 48 hours,10 days,10days, and 30 days. Daily profit for each is 0, 34%, 34%, 38%. And for the totalprofit for each is 300%, 340%, 770% and 1140%.
There are also minimum profitfor each plan: 500 USD, 1000USD,1500 USD, 5000 USD. If you have 5000 dollar inhand, I think the best way to invest on time deposit because the total profitis really high. Also, the website guarantee that after customers’ investmentterm is expired, customer will get their 100% principal back. However, I feellike this is a fraud because normal, high profit always carry high risk. Butthis investment seems too easy to earn money with 0 risks.
Either the websitewants to give money as a gift or bitcoin is just a 0 risk investment which isimpossible. All in all,I think it is worth to invest in bitcoin based on its trend and easilyavailable for customer. However, because of the fast growth of bitcoin, thereare a lot of fraud website as well.
While investing, always be careful aboutthe fraud website.