Is it too late to invest in bitcoin?

Answer to the question: Is it too late to invest in bitcoin?

Answer to that question: If you believe that bitcoin will not rise in the future then it is too late to invest in bitcoin (according to your opinion) but who is to say that it is not going to be worth 100 times more than it is today? Look at it this way; if someone told you about bitcoin in 2010 and tried to persuade you to purchase some then you would probably have dismissed them as a scammer but now there are lots of investors who have thought “if only I had.”

Asking the question of whether it is too late to invest in bitcoin is similar to asking the question whether it is too late to invest in gold or the share market.

You are never too late for anything. Gold and the share market have both had their ups and downs and if you invest in something that is on a down cycle then chances are your investment will produce some capital gain but at the same time it is worth keeping in mind that whenever there is a chance for capital gain there is always a chance for a capital loss.

The rules of investing in other assets also apply to cryptocurrency and one of these is “If something is too good to be true then it is most likely is.”

So is it too late to be investing in bitcoin? Not if it bottoms out and starts rising again. As long as you have some money to speculate with that you are quite prepared to lose then there is no harm in having a go and who knows you may have caught on to the next crypto bull run.

Thinking about giving cryptocurrency a go? Here is something which may interest you:

https://coinbase.com/join/gochwv