Is Bitcoin a Good Investment?

February 3, 2021 John Bitcoin 0


By Advertiser,
in Business ·
03-02-2021 17:14:00 · 0 Comments

With an increasing hype around Bitcoin over the last decade, it’s getting hard to predict whether this coin will eventually prove to be a great investment or just a storm in a teacup.

Its adventurous nature full of sudden rises and falls leaves some investors wary, but others want to chase the chance for profits from a bitcoin investment.

Is bitcoin a good investment? Let’s begin with some guiding steps to learn more and make your own judgment


Simply Put: Is Investing In Bitcoin Risky?


As it is usual for any speculative investment, buying bitcoin also carries certain risks: At one time the price could touch the sky, and at the other moment could wipe out your stash of bitcoin with no recourse.


We have all witnessed Bitcoin’s dramatic run-ups in price followed by some drastic crashes. We have also observed it standing again reclaiming its significant portion of previous gains every time. Ever since its emergence, Bitcoin was the 1st digital asset to beget the current ecosystem of cryptos. For a short time period, Bitcoin remained a hot trend among investors who saw its future as a possible replacement to the physical monetary system.


Where to Invest in Bitcoin?


An online broker is an option to invest in Bitcoin. It’s just like investing in a stock. Although Bitcoin is far more volatile due to the daily swings in bitcoin. Here are the steps to invest in bitcoin:

  1. Prefer a brokerage account to open an account especially with a company that allows crypto investments.

  2. The next step is to deposit funds into your brokerage account.

  3. Purchase BTC.

  4. Now sell the crypto for a gain or loss.

All these steps, however, depend on the exchange which you have chosen. Here are some top brokerages to invest in bitcoin. Visit for further information https://learnbonds.com/uk/trading-apps


1. eToro


It is one of the most famous platforms for cryptocurrencies. Here you can easily explore professionally, manage portfolios and connect with traders. These platforms are supporting the purchase and sale of 15 unique coins, including:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Bitcoin Cash (BCH)

  • Ripple (XRP)

  • Dash (DASH)

  • Litecoin (LTC)

  • Ethereum Classic (ETC)

  • Cardano (ADA)

  • MIOTA (IOTA)

  • Stellar Lumens (XLM)

  • EOS (EOS)

  • NEO (NEO)

  • TRON coin (TRX)

  • Zcash (ZEC)

  • Tezos (XTZ)

2. Coinbase


It is one of the safe and simple venues for you to buy, sell and hold bitcoin. You can buy a portion of bitcoin with a $0 account minimum. You can buy in a convenient way by using your debit card or by connecting your bank account. Holding bitcoin on this brokerage is as simple as creating an account, verifying your identity, and buying your cryptos. It provides you complete control of your bitcoin investment at any place. You can also use the Coinbase mobile app. Here you can also uphold your bitcoin, convert it into another crypto, spend it on expenses and transfer it to anyone, anywhere in the world.


3. BitcoinIRA


It is a proprietary platform that provides you services in self-trade crypto anytime so you can take action right when the market moves in your favor.


Advantages of Bitcoin Investments


Bitcoin, seen as an investment tool, brings you the following advantages over traditional investments.


  • Liquidity.No doubt, it is that Bitcoin is the most liquid investment asset due to the worldwide trend of trading

  • g platforms, exchanges, and online brokerages. It has become quite simple to trade bitcoin for cash or assets like gold at low fees.

  • Lower inflation risk. Bitcoin is free from any government regulation. So it acts as a hedge against inflation.

  • Minimalistic trading. Unlike stock trading where you require a certificate or license and go through a broker to trade a company’s shares. Bitcoin trading is minimalistic. You can easily buy or sell bitcoin from exchanges and place them in your wallet.

Disadvantages of Bitcoin Investments


Though Bitcoin could be regarded as the future of monetary exchange, here are some serious risks associated with bitcoin investments.


  • Volatility. The price of bitcoin is always at high risk. On December 17, 2017, the price was $20,000. And after some weeks later, it was impossible to sell your investment for more than $7,051. The bitcoin market is constantly changing. With such a recurring threat you can hardly get a good return on your investment.

  • The threat of online hacking. Hacking is a big threat facing a bitcoin investor.

  • Little or no regulation. With no regulation, Bitcoin is always faxed with events of fraud and malpractice.

  • Limited use. Bitcoin is accepted only by a limited number of online merchants. Rather most of the companies don’t even recognize bitcoin as a legitimate exchange, making it an unfeasible investment vessel.

  • Wallets can be lost. You can lose your Bitcoins in case you get your hard drive crashed or any virus corrupts your wallet file.

Is Bitcoin the Future, Really?


Bitcoins price volatility, its existence outside government regulation, makes it riskier than dealing with government currency and other asset classes. However, you can make a limited amount of purchases at the beginning of the Bitcoin investment plan.