{"id":40615,"date":"2021-03-25T23:26:49","date_gmt":"2021-03-26T03:26:49","guid":{"rendered":"https:\/\/www.andysowards.com\/blog\/?p=40615"},"modified":"2022-12-12T17:28:05","modified_gmt":"2022-12-12T21:28:05","slug":"is-bitcoin-a-good-investment","status":"publish","type":"post","link":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/","title":{"rendered":"Is Bitcoin a Good Investment?"},"content":{"rendered":"\n

Bitcoin has been synonymous with cryptocurrency — it has paved the way for the thousands of altcoins flooding the market, all competing for people\u2019s investment and trust. Bitcoin seems to have broken into the mainstream, with household names such as Tesla<\/a> and Microstrategy openly announcing their use of Bitcoin as a reserve asset.<\/p>\n\n\n\n

No surprise then that Bitcoin crossed the $60,000 mark in early March, and in spite of what some call \u201cmarket corrections\u201d, investors, both retail and corporate, are still bullish. <\/p>\n\n\n\n

Is Bitcoin a Bubble?<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
The Truth About Blockchain<\/figcaption><\/figure>\n\n\n\n

Bitcoin being listed on Paypal also contributed to its seemingly-endless climb. If there\u2019s one thing that\u2019s always rung true about the history of financial markets, though, it\u2019s that what comes up must come down.<\/p>\n\n\n\n

Some people think that Bitcoin is a wave, and they intend to ride it until it breaks. <\/p>\n\n\n\n

Is Bitcoin Still Worth Owning Today?<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
Bitcoin is cratering again, showing why people should be cautious before investing in cryptocurrency (Learn how to invest in\u00a0Bitcoin<\/a>\u00a0as well as Pros & Cons that comes with it.)<\/figcaption><\/figure>\n\n\n\n

Some investors believe that Bitcoin isn\u2019t only worth it, they are betting their bottom dollars on the idea that Bitcoin will reach $100 within the year. COVID 19 has opened the stage for the transition to a global economy. <\/p>\n\n\n\n

Faced with the uncertainty of a global pandemic as well as economic instability, some countries such as Venezuela<\/a> and Colombia<\/a> have led the world when it comes to Bitcoin adoption. It has provided individuals with a way to shield their hard-earned money from dismal local market conditions.<\/p>\n\n\n\n

More and more people are realizing just how much crypto can change the world. The idea that we want to challenge, however, is whether Bitcoin\u2019s tvision of the future is one that we should be investing on.<\/p>\n\n\n\n

Bitcoin\u2019s Problem: Its Inability to Evolve<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
5 crucial bitcoin predictions for 2021, from a fintech expert<\/figcaption><\/figure>\n\n\n\n

There is no question that Bitcoin is an excellent store of value. However, the biggest problem is in its inability to get on with the times. Bitcoin\u2019s averages around 7 transactions per second, meaning, it takes around 10 minutes to process a single transaction on average. Depending on how congested the network is and the size of  your transactions, users sometimes wait for more than a day.<\/p>\n\n\n\n

Bitcoin transactions are also expensive. Not to mention the notorious volatility that has rendered it unusable for real-life payment use-cases. There is no way to truly determine the value of Bitcoin, and so  <\/p>\n\n\n\n

More than that, Bitcoin\u2019s long-term repercussions on the environment is severe. According to Digiconomist<\/a>, Bitcoin mining accounts for 37 million metric tons of carbon emissions every year. <\/p>\n\n\n\n

With these factors considered, Bitcoin doesn\u2019t really sound like such a revolutionary digital currency that some maxers make it out to be. If it doesn\u2019t function in the way that it\u2019s designed, what is it for then? <\/p>\n\n\n\n

The answer might be hiding inside Bitcoin\u2019s distribution: 99% of all Bitcoins are owned by a startling 1% of all users (cryptocurrency enthusiasts call these users \u201cwhales\u201d). Another case in point: one of the world\u2019s biggest Bitcoin wallets, Coinbase, gets to know who\u2019s buying what, and when — basically, the opposite of the decentralised future promised in the Satoshi Nakamoto whitepaper. The majority of Bitcoins are owned by a few.<\/p>\n\n\n\n

The Bottomline<\/strong><\/h2>\n\n\n\n

Bitcoin is performing well because it\u2019s in the holders\u2019 best interest to keep it as valuable as it is. The value of an archaic coin will be inflated and stretched to its limits. After all, as the wave rises, they have billions worth BTCs to sell with a few billions more left to keep on risking. The question is, what happens when the market sways to a different direction, or when these whales have decided to take their spoils somewhere else?<\/p>\n\n\n\n

If everything goes well, some people get to cash out on their BTCs. However, the harsh reality is that most will keep hodl-ing until the bubble bursts and they lose more than they bargained for.<\/p>\n\n\n\n

The question is, do you find value in this vision of the future, or would you want to invest in something that distributes the earnings (something that a lot of altcoins are actually designed to do), shields you from the indecipherable volatility of the market, and actually adds value to the world instead of destroying it?<\/p>\n\n\n\n

Only you <\/em>can decide.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has been synonymous with cryptocurrency — it has paved the way for the thousands of altcoins flooding the market, all competing for people\u2019s investment and trust. Bitcoin seems to<\/p>\n","protected":false},"author":1,"featured_media":40625,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[109,5695,7232],"tags":[6774,8895,8897,8887,13597,8896,9538,13775,5891,11010,9096,11781,13776,11780,11019,10443,5491,11283,13778,6133,1224,533,8452,6228,7731,13777,11020],"yoast_head":"\nIs Bitcoin a Good Investment?<\/title>\n<meta name=\"description\" content=\"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Bitcoin a Good Investment?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/andysowardsfan\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-26T03:26:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-12T21:28:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"950\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andy Sowards\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@andysowards\" \/>\n<meta name=\"twitter:site\" content=\"@andysowards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andy Sowards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/\",\"url\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/\",\"name\":\"Is Bitcoin a Good Investment?\",\"isPartOf\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg\",\"datePublished\":\"2021-03-26T03:26:49+00:00\",\"dateModified\":\"2022-12-12T21:28:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\"},\"description\":\"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage\",\"url\":\"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg\",\"contentUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg\",\"width\":1400,\"height\":950},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.andysowards.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Bitcoin a Good Investment?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\",\"url\":\"https:\/\/www.andysowards.com\/blog\/\",\"name\":\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\",\"description\":\"Design Inspiration & Business Resources for Creatives\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\",\"name\":\"Andy Sowards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"caption\":\"Andy Sowards\"},\"description\":\"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards\",\"sameAs\":[\"https:\/\/www.andysowards.com\"],\"url\":\"https:\/\/www.andysowards.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is Bitcoin a Good Investment?","description":"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/","og_locale":"en_US","og_type":"article","og_title":"Is Bitcoin a Good Investment?","og_description":"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?","og_url":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/","og_site_name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","article_publisher":"http:\/\/facebook.com\/andysowardsfan","article_published_time":"2021-03-26T03:26:49+00:00","article_modified_time":"2022-12-12T21:28:05+00:00","og_image":[{"width":1400,"height":950,"url":"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg","type":"image\/jpeg"}],"author":"Andy Sowards","twitter_card":"summary_large_image","twitter_creator":"@andysowards","twitter_site":"@andysowards","twitter_misc":{"Written by":"Andy Sowards","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/","url":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/","name":"Is Bitcoin a Good Investment?","isPartOf":{"@id":"https:\/\/www.andysowards.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage"},"image":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage"},"thumbnailUrl":"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg","datePublished":"2021-03-26T03:26:49+00:00","dateModified":"2022-12-12T21:28:05+00:00","author":{"@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415"},"description":"Bitcoin paved the way for thousands of altcoins flooding the market. The question that we'll be answering: is it still a good investment today?","breadcrumb":{"@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#primaryimage","url":"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg","contentUrl":"https:\/\/www.andysowards.com\/blog\/assets\/5-crucial-bitcoin-predictions-for-2021-from-a-fintech-expert.jpeg","width":1400,"height":950},{"@type":"BreadcrumbList","@id":"https:\/\/www.andysowards.com\/blog\/2021\/is-bitcoin-a-good-investment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.andysowards.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Is Bitcoin a Good Investment?"}]},{"@type":"WebSite","@id":"https:\/\/www.andysowards.com\/blog\/#website","url":"https:\/\/www.andysowards.com\/blog\/","name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","description":"Design Inspiration & Business Resources for Creatives","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415","name":"Andy Sowards","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","caption":"Andy Sowards"},"description":"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards","sameAs":["https:\/\/www.andysowards.com"],"url":"https:\/\/www.andysowards.com\/blog\/author\/admin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40615"}],"collection":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/comments?post=40615"}],"version-history":[{"count":3,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40615\/revisions"}],"predecessor-version":[{"id":44567,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/40615\/revisions\/44567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media\/40625"}],"wp:attachment":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media?parent=40615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/categories?post=40615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/tags?post=40615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}