Is It Wise for Beginners to Invest in Bitcoin in 2022?
2022-02-22 11:01:57
As a virtual currency released in 2009 by a mysterious person nicknamed Satoshi Nakamoto, Bitcoin can be exchanged directly on an Internet-connected device without going through an intermediary (financial institution). Characterized by advantages like anonymity, no transaction fees, it is trusted and accepted by investors. The exponential growth of the Bitcoin market cap in the last few years has attracted more people to invest in BTC to potentially generate returns.
Overview of Bitcoin Market in 2021
As the largest cryptocurrency so far, BTC is often an indicator of the overall trend of the market. It can be seen that 2021 was a tumultuous year for Bitcoin, whose price continuously leapt up and down like a roller coaster, with an all-time high at over $68,000 and a lower ebb of less than $30,000 in July. Though 2021 was not a very smooth year for many Bitcoin investors, many experts are still quite optimistic about the future of Bitcoin in the coming years, which makes many beginners interested in investing.
What Should A Beginner Do Before Investing In Bitcoin?
Firstly, before jumping on the crypto bandwagon, the first thing to ask yourself is why do I want to invest in BTC?
Some people own Bitcoin as a way to make a political statement. For most investors, they do that for one purpose - making a decent profit. According to Binance, 1 BTC is equal to what the price of one burger in 2011, and a Tesla in 2021, which made many early BTC investors billionaires. Secondly, you should choose a trusted, secure and professional platform to open an account and fund it with money you can afford to lose.
Gate.io is a multipurpose exchange preferred by most beginners to start their journey on BTC and other cryptos due to its low fees and simple operations that are very suitable for new users.
Should You Invest in Bitcoin in 2022?
According to time.com, a number of experts believe it is only a matter of time before BTC hits 100,000 dollars, which means 2022 might be a good year for BTC. According to data, the bitcoin price live is $39,256.19, up by 1.56% in the last 24 hours and down by 7.32% over the 7 days. So it is hard to predict what swings will happen next in the Bitcoin market. This mystery reminds investors that they should be cautious, and only invest what they're prepared to lose.
Overview of Bitcoin Market in 2021
As the largest cryptocurrency so far, BTC is often an indicator of the overall trend of the market. It can be seen that 2021 was a tumultuous year for Bitcoin, whose price continuously leapt up and down like a roller coaster, with an all-time high at over $68,000 and a lower ebb of less than $30,000 in July. Though 2021 was not a very smooth year for many Bitcoin investors, many experts are still quite optimistic about the future of Bitcoin in the coming years, which makes many beginners interested in investing.
What Should A Beginner Do Before Investing In Bitcoin?
Firstly, before jumping on the crypto bandwagon, the first thing to ask yourself is why do I want to invest in BTC?
Some people own Bitcoin as a way to make a political statement. For most investors, they do that for one purpose - making a decent profit. According to Binance, 1 BTC is equal to what the price of one burger in 2011, and a Tesla in 2021, which made many early BTC investors billionaires. Secondly, you should choose a trusted, secure and professional platform to open an account and fund it with money you can afford to lose.
Gate.io is a multipurpose exchange preferred by most beginners to start their journey on BTC and other cryptos due to its low fees and simple operations that are very suitable for new users.
Should You Invest in Bitcoin in 2022?
According to time.com, a number of experts believe it is only a matter of time before BTC hits 100,000 dollars, which means 2022 might be a good year for BTC. According to data, the bitcoin price live is $39,256.19, up by 1.56% in the last 24 hours and down by 7.32% over the 7 days. So it is hard to predict what swings will happen next in the Bitcoin market. This mystery reminds investors that they should be cautious, and only invest what they're prepared to lose.
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