Is It Too Late To Invest In Bitcoin This Summer?

As the leading cryptocurrency has gone more mainstream, some of the biggest names in finance started weighing in. For example, Fundstrat’s Tom Lee and investor Bill Miller both embraced the trend.
According to many investors, Bitcoin is still a plague – with no underlying rate of return. However, history has shown that a lot of people capitalized on it and made massive amounts of money.

That said, even today is not a bad time to invest in Bitcoin. Some experts say that the cryptocurrency could climb to $25,000 this year – and $250,000 by 2022.

The general rule, however, is to invest only the amount that you can afford to lose. After all, cryptocurrencies are volatile and still something you should carefully prepare to – win or lose it.

So, if you invested $100 in Bitcoin in May five years ago, you would have nearly $8,000 right now.
Similarly, if you invested $100 in Bitcoin in November, you would have around $4,000 right now.
Lastly, if you invested $100 in Bitcoin in late December, you would have close to $2,000 right now.
As you can see, investing in Bitcoin (BTC) early is important – and was the case for many years. However, it is worth noting that Bitcoin got up to $20,000 in December 2017 – to, later on, sink to $6,000 in February 2018.
Therefore, the general rule for buying Bitcoin is: only buy Bitcoin if you are ready to lose that money and can live with that fact. This is what the ‘investor mindset’ is all about and how you can afford to lose – or win big gains. If you took a chance and invested in Bitcoin 5 or 6 years ago, your investment could have paid off in a great way.

According to our cryptocurrency website DC Forecasts with information taken from the leading exchanges Bitfinex, Bitstamp, Coinbase, and itBit – the value of Bitcoin is volatile every year.