10 Reasons Why You Want to Invest in Bitcoin

In a recent post (The Ten Major Downside Risks of Investing in Bitcoin), I explored the 10 reasons why you would not want to invest in Bitcoin. If it wasn’t clear from my first article (Making Money Using Bitcoin Halving Cycles), I am bullish on Bitcoin long term (Yes, I do plan to hold until $50k unless something major changes). As someone who invests in Bitcoin, it’s important that I know and understand the upside risks so I know if I can stay in a trade or when to get out if the upside risks change. Here is my “rebuttal” to those 10 downside risks.

The upside risks for Bitcoin are:

Bitcoin is an extremely volatile asset

I listed this as a downside risk but this is also an upside risk. If you frequently trade Bitcoin or stocks, you probably at times find yourself impatient or “bored” with a trade and you end up exiting it a moment too early. Or perhaps you are watching a cryptocurrency or stock and never are able to “hop in” at a good price. Well, that’s usually not an issue for Bitcoin. It moves quickly up and down so you often are allowed a chance to find an “entry point” (areas where price dips down to a “support level” as explained in #4 of my article “5 Things You Can Do To Invest in Bitcoin Successfully”) to buy some Bitcoin. You often also don’t have to wait…