Check out the entire blog post & podcast episode here: http://www.chrisdunn.com/bitcoin-good-investment-updated-2016/
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In late 2013 I did my first-ever Bitcoin video that I asked, “Is Bitcoin a Good Investment?”
Well, here we are almost 3 years later and I wanted to do some updated analysis.
My initial thoughts on Bitcoin were positive, but in 2013 I saw significant risks and issued a warning that I thought a market crash was coming…
And that was a very unpopular opinion in the Bitcoin community, but turned out to be right.
Let me remind you that I’m not a financial advisor, and this is not investment advice or a recommendation to buy or sell anything – It’s just my personal opinion about Bitcoin and how I’m personally investing in this new, high-risk asset class.
During 2014, Bitcoin crashed from above $1,000 into the $200’s.
Then, in 2015 Bitcoin’s price based around the $200’s where I started to accumulate for a long-term investment. I was buying in the $200’s because I was bullish on Bitcoin long-term and felt that the pre-bubble price zone was a great value area to buy.
From the low’s of 2015, Bitcoin has gained about 400% as of mid-2016…
And this has given rise to a plethora of positive new pieces from the mainstream media like CNBC and Forbes.
So in this episode, we’re analyzing Bitcoin’s outlook into the second half of 2016 and beyond.
In This Episode, You’ll Learn:
Is Bitcoin a good investment in 2016 and beyond?
Why Bitcoin crashed from the 2013 highs of over $1,000
How to find the best time to buy for a long-term hold
What to do when Bitcoin’s price isn’t available at a discounted value
The key major differences between trading and investing