Bitcoin Was A Trend. Now Its An Investment.

Bitcoin Was A Trend. Now Its An Investment


 Bitcoin was a trend. Now it's an investment. I'm going to explain to you why I think now is a good time to buy bitcoin.

It Was A Trend.

 
Its been a wild ride for Bitcoin in the past few years. It peaked at 22000 CAD last December
Dropped a bit, then dropped $10000 CAD. Right now it sits at about $12000 CAD and the price is
nowhere near as volatile. This is because Bitcoin was more of a trend in 2017.
Most people didn't look at Bitcoin as a long-term investment. People didn't look at it as an alternative to their banks. They looked into it as a "Get Rich Quick" Kinda thing. This is probably because videos were surfacing all over the internet about people buying Lamborghini's and becoming millionaires with Bitcoin. This shot the price up dramatically because people were assuming it would grow even at its all time peak/high. One family sold everything they owned for bitcoin. That video is Here. Bitcoin was so trendy even big meme pages were starting to make memes about the currency. It was the center of the internet for some time. So what happened?

The Crash.


 Even the biggest supporters of Bitcoin agree that it was highly overvalued. When the bubble popped, it popped hard. It dropped thousands in a few days/weeks to a similar price to now. While this was happening, YouTube and Instagram completely milked all the ad revenue from bitcoin and left it in the dust because they couldn't make 200 million dollars off of it like they do with literally every other trend.

It Was A Trend. Its An Investment Now.

Bitcoin is the future of money. It works so much better than a bank and it probably always will. The bitcoin gold rush is over. The price is a lot more stable and it will probably stay that way. Bitcoin is relatively new right now. When it matures and we learn more and use it more the price will raise higher. This is obvious because its what happened. As Bitcoin moved forward from 2009, the price skyrocketed. This will happen more and more as we get more comfortable with bitcoin and use it more. Now is the time everyone. The price may go down even further, but as more and more people catch on that banks are awful in comparison to bitcoin the price will rise. Good luck everybody.

 Weston McNamara - CEO of Warptarium 


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