Something Different – July 2018

Should you buy Bitcoin now?  

Bitcoin is the world’s first digital payment network – a secure, global currency that can be sent from anywhere in the world, to anywhere in the world. Like gold, there’s a finite amount, which makes it valuable. But there is no official Bitcoin price. The price is set by whatever people are willing to pay. Bitcoin has become an interesting topic for investors.

Bitcoin has taken a tumble over the past year or so, but that’s not to say that a rebound is impossible. The cryptocurrency market is in its infancy, which means volatility is to be expected. So, should you invest? Maybe. It depends on your finances, and what kind of risk you’re willing to take.

As with any market, there are a lot of unknowns. You should be prepared to lose money, although the payout could be big if it actually performs as promised.

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