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Each day, bitcoin is gaining more and more main stream users. We typically stick to stocks, options, and etfs here at cabot wealth network. Many early adopters and speculators bought bitcoins in the hope that the price would rise. Bitcoins purchase as a good long term investment. 4 percent of americans chose bitcoin and other cryptocurrencies as the best investment option for the long term, according to a recent ssrs study.
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Here's how to buy bitcoin without all the risk of buying bitcoin
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You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. Long term investments mean that you are going to acquire assets with an intent to sell them later (for example long term investment approach works perfectly with conventional investment instruments like bonds, stocks, etc. If the price falls then we must conclude that the bitcoin price was too high. It can be, but it isn't necessarily. You won't really know until 20 years form now.
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One way bitcoin is different than traditional investments is that you either need to hold the coins yourself or trust a third party to do it.
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