Why Buying Bitcoin Right Now Might Be a Mistake
What happened after the last price explosion?
Disclaimer: This is not financial advice. I am not an expert. And you should do your own research.
Bitcoin is a new and cutting-edge technology. It stands to change the world as we know it. Literally.
Why Bitcoin
One of the oldest problems humans have faced is the issue of currency. We tried the bartering system, but that was pretty ineffective. We used gold for a while, but that had its own issues. We finally stumbled upon paper money that was backed by gold. That seemed to be the formula that worked.
But everything changed when the US dollar broke from the gold standard. Since the 1970s, the U.S. dollar has been backed by nothing. It’s just paper printed by the Federal Reserve. Not even the United States government itself. But that’s a story for another time.
Bitcoin is a technology that solves the issue of currency. It is backed by computational power. Nothing but code. It is nearly infinitely divisible and secures transactions through blockchain technology. It’s pretty cool.
It was originally released over a decade ago now. Back in 2009. And like any new and emerging technology, it took a long time before people gave it a…
