Is It Still Safe To Invest In Bitcoin Today?

Perhaps, you’ve been reading around the varying opinions about the future of cryptocurrency these days, especially with different States planning to regulate the crypto market in their respective territories. New cryptocurrency coins are also reportedly crashing in prices, and some are continuously soaring high. If you want to invest in Bitcoin today hoping for some high returns in the future, this article is just for you. 

Bitcoin started at a price of $0.30 per coin in 2011. As a decentralized and a revolutionary digital currency, Bitcoin was regulated by no single person. There are no intermediaries so when the prices went up and down again in a matter of months, the investors had no one to blame. 

In 2011, Bitcoin also passed the $1.00 mark. In the same year, it reached as high as $29.60 but prices also dropped quickly to $4.72 by the year end. 

In 2012, Bitcoin started the year at around $5.00. By the half of the same year, the price started to skyrocket once again. By the first months of 2013, Bitcoin was priced between $13.30 - $104.00. 

Around December 2013, it was valued at more than $1,100.00 but then it dropped to $760 in just a matter of days.

Between 2014 and 2015, Bitcoin's price continued to climb up and down. By summer of 2015, it was around $220.00 per coin. The year end registered a $430.05 price.

When you invest in Bitcoin, you should also learn some terminologies that investors use. They have a term called cryptocurrency bubble. It means that the price of a cryptocurrency is inflated, or it’s value is bigger than its real ones and that there is always a tendency for it to pop or burst which means a rapid price drop.

In 2017, another price bubble happened with Bitcoin priced at $1,000 per coin. In December of the same year, it reached as high as $20,089.00. The media has already put the spotlight to Bitcoin. Forecasts here and there were rampant. A lot of investors - beginners and experts alike - have taken an interest to invest in Bitcoin and the emerging cryptocurrency.

The economies of different States have shut down due to the Coronavirus but bitcoin continued to be volatile as ever. In February, Bitcoin was valued at $10,000.00. The markets started crashing again in March 2020, its value now below $4,000.00. 

However, in a span of one year, Bitcoin recorded an all-time high of price at $64,000 for just a single coin in April 2021. By June 2021, Bitcoin went down to $30,000 for a coin but it bounced back by August 23 exceeding the $50,000.00 mark. 

A high return of your money, if the market continues to increase in value, is definitely worth the try. As of November 9, 2021, the price for a single coin is as high as $67,500. Let’s say you invested $10,000 same date last year. You would have around $44,047 by today according to this return-of-investment calculator. 

If you want to invest in Bitcoin today, it’s important that you know about its price crash histories. No one is safe from the volatile market. But if you would check the graph and the long-term trends, Bitcoin is constantly increasing even after some crashes.

Crashes and the popping of the cryptocurrency bubble are still very much possible for these decentralized currencies. Countries are looking for ways to regulate the cryptocurrency. Experts are still assessing whether it will bring negative or positive impact in the long run. As a general rule when you start to invest in Bitcoin and other cryptocurrency coins, spend only that amount you can tolerate to lose.