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Should You Invest in Bitcoin?
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Bitcoin is the most well known cryptocurrency. It has reached highs of more than 20,000 USD per Bitcoin, but has fallen dramatically multiple times.
It's a volatile asset, but you may be asking yourself: Should I invest in Bitcoin?
No-one can say for sure what role cryptocurrencies like Bitcoin will play in the future, but many are adamant that crypto will be part of our lives in some shape or form.
It's ultimately up to you to decide based on fundamentals whether cryptocurrencies like Bitcoin have the potential to increase in value.
If you believe crypto has a strong future, it might make sense to invest in Bitcoin.
Why would you invest in Bitcoin?
Bitcoin is digital cash that can be sent peer-to-peer without the need to involve a third party like a bank.
With Bitcoin, you can send money across the world in a matter of minutes. The network is maintained in a decentralized manner by miners who work to process transactions in return for small amounts of Bitcoin.
Bitcoin was the first digital cryptocurrency to be created and gain mainstream success. If you invest in Bitcoin, you invest in the idea that Bitcoin will be worth more in the future.
For that to happen, the demand for Bitcoin needs to increase, which means adoption on a mass scale. If the number of retailers and businesses that accept Bitcoin as a payment method increases, then the value of Bitcoin should go up too, as more people will be using Bitcoin as a payment method.
If you invest in Bitcoin you believe in the future of crypto. It’s clear to see that cryptocurrencies, Bitcoin included, have the potential to change everyday life for the better.
However, it's difficult to say for sure when these technologies will break through to mass adoption – and that’s what matters for your investment.
What about the market crash?
It is fair to wonder whether it's worth it for you to invest in Bitcoin if the market has crashed. Has everyone lost interest? Is Bitcoin finished?
Again, nothing is certain, but Bitcoin is no stranger to large price decreases, similar to those seen in many financial markets.
Bitcoin has followed a simple market cycle since its fruition. Despite large set backs, the average price of Bitcoin year on year has continued to increase.
These price crashes tend to precede a price rally generally caused by FOMO.
Past market performance is not necessarily indicative of future market movements, but it’s something to keep in mind if you plan to invest in Bitcoin.
How can you invest in Bitcoin?
If you have made up your mind and you think now is a good time to invest in Bitcoin, you can join other Bitcoin investors on Liquid to get yourself started.
Liquid is a regulated crypto exchange with top-level security. We keep all of our users’ funds in cold wallet storage – the safest way to store cryptocurrency.
To be able to invest in Bitcoin you must deposit fiat currency. You can transfer money from your bank account straight to Liquid.
Invest in Bitcoin on Liquid
To get started on Liquid, head to the Wallets section at the top right of the page to see your balances.
- Hover your mouse over the user icon at the top right and you can see what your home currency is. This will be the currency you will want to deposit.
- You can fund your account through a bank transfer. Alternatively, you can buy cryptocurrency elsewhere and deposit it into Liquid to trade for other cryptos.
- In the Wallets window, type in your home currency in the search and click Deposit.
- Follow the steps shown to deposit money to Liquid and then you’re good to go.
- Once you have successfully deposited it’s time to invest in Bitcoin. Head over to the exchange by clicking Exchange in the top left.
There, you can choose your trading pair and buy Bitcoin.
It’s as simple as that. You can invest in Bitcoin in a few simple steps.