Is Investing In Bitcoin A Good Idea? by ansari222

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esteem · @ansari222 · Feb 20 '19

Is Investing In Bitcoin A Good Idea?

Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.

If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.

![960x0.jpg](https://cdn.steemitimages.com/DQmT8vCZtjJYJSQGamoJg7pGsYLAvEtpMPbsfh2YzJFLVCH/960x0.jpg)

If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a “cool” collectible… which is a possibility
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.

If you think BTC has a 1% chance of becoming a long-term trusted store of value, you should not invest.

If you think BTC has a 0.001% chance of becoming a long-term trusted store of value, you might consider a short.

[source of shared link](https://www.forbes.com/sites/quora/2017/12/26/is-investing-in-bitcoin-a-good-idea/#69b8188aef32)

👍 hemantrg, merlin7, cheetah

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@cheetah · Feb 20 '19

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/bitcoin/@miketyson5/will-bitcoin-become-a-long-term-trusted-store-of-value

👍 mack-fund

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@partiko · Feb 26 '19

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@steemitboard · Sep 23 '19

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