Bitcoin Archives - ModernMoneyHabits https://modernmoneyhabits.com/tag/bitcoin/ Uncommon Personal Finance Sun, 26 Nov 2023 03:14:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://i0.wp.com/modernmoneyhabits.com/wp-content/uploads/2020/12/cropped-iconmonstr-building-33-240.png?fit=32%2C32&ssl=1 Bitcoin Archives - ModernMoneyHabits https://modernmoneyhabits.com/tag/bitcoin/ 32 32 186067455 Should I Invest in Bitcoin in 2022? https://modernmoneyhabits.com/should-i-invest-in-bitcoin-in-2022/ https://modernmoneyhabits.com/should-i-invest-in-bitcoin-in-2022/#respond Tue, 28 Dec 2021 19:49:13 +0000 https://modernmoneyhabits.com/?p=306 Bitcoin is taking the world by storm. In 2020 and 2021 Bitcoin was in most financial headlines. Odds are very good that in 2022 it will dominate the headlines again. Let’s face it, it is not going away. It’s been 13 years since Satoshi put Bitcoin out into the universe and changed the world of […]

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Bitcoin is taking the world by storm. In 2020 and 2021 Bitcoin was in most financial headlines. Odds are very good that in 2022 it will dominate the headlines again. Let’s face it, it is not going away. It’s been 13 years since Satoshi put Bitcoin out into the universe and changed the world of currency and thought.

There is no denying that as more people get involved with Bitcoin, the price of every single Bitcoin will go up.

As I write this post $BTC is floating between $47,000 and $50,000. Just a few months earlier it hit an all-time high of $68,780. So as you can see the price fluctuates dramatically from month to month.

So the question is should you place your hard-earned cash into an investment that jumps around so unpredictable? Well, if you are worried about losing your money you should be. There is a very real chance that any money you put into Bitcoin will evaporate overnight as the price crashes lower and lower. Bitcoin is often manipulated by the Uber Wealthy that are tanking the price to push out the “scared” money and then they buy back in, taking those coins off the market. Million-dollar transactions happen every day and the market responds to it by going up or down.

Are you someone that can handle the roller coaster ride of the Crypto Market? It is way more volatile than the normal Stock Market. You will need to decide for yourself if you are up to the task.

I will tell you what I will be doing in 2022. I think that the state of Bitcoin warrants some attention. So I will DCA into $BTC. Will it make all my dreams come true? Probably not. But as far as a “Solid Speculative Play” goes, Bitcoin seems to be the best option. Could I lose everything I put into it? Yes. However, now that mass adoption seems to be kicking in, I’m hopeful that the price will go up.

My goal is to grab at least 1 full Bitcoin while still adding to my core investments. I use a Dividend Stock Portfolio and Real Estate as the core foundation of my investments so adding $BTC to it will be simple and painless.

Let me know how Bitcoin fits into your investment strategy.

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