Bitcoin just passed 18k and currently trading around $17800 with a lot of resistance to pass that mark if it crosses the resistance the next will be the all time high of bitcoin price since its last time high in 2017. Here I will list out why this is the rite time to buy.

Disclaimer: I am not your financial adviser and all information available below are for purely educational purposes. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

Welcome to cryptounique now, pls consider subscribing for more information like this. Now lets jump rite into the moon.

At the time of writing this blog, bitcoin's price surpassed $18k and currently trading around $17,800. So the question comes is it a good time to buy bitcoin? A million dollar question. I will try to answer that question for u as simple as possible for casual investors like u and me who don't know more technical knowledge abt graphs and so many other things.

Lets take the negative value first what happens if u buy the bitcoin and the price drops, if the price drops below $17k unlike 2017 where the price dipped so low to $3500 it will not happen now. The price will still dip and will trade around $14,500. lets just say its everyone's assumption if the price dips even further no can do anything abt it. Nothing is certain in crypto world.

Lets throw the negative things surrounding bitcoin away and look at the positive side surrounding bitcoin and why I think its still not too late to invest in bitcoin.

Mass market adoption

If u look at 2017, u will see that there is no mass market adoption in crypto world. people say that bitcoin is the new currency of the world blah blah blah and no one seems to understand the most basic things abt crypto currency. For most people other than crypto investors, bitcoin is just a form of black money and terrorist are using that to go under the radar of any govt. Its not true 100%, if u see even though bitcoin is a peer to peer network u can still view the transaction just like traditional methods it just doesn't show every inch of detail public.

At present, things have changed more people seem to understand crypto well and regular everyday investors are more involved in crypto than ever before. This mass market adoption helps to pull the bitcoin up only. As everyday people use bitcoin there is only a small chance that it will fail.

Institutional investors

In 2017, the price of bitcoin only go up due to pure speculation and hype. In 2017, no big companies are invested in bitcoin they just watched the market from aside. This is not the case today as big companies all over the world and rich people have started to invest in bitcoin.

Some notable companies include square which is owned by twitter CEO Jack dorsey and Micro strategies and Mexico's second richest man Ricardo Salinas Pliego  has revealed that 10% of his “liquid portfolio” is invested in Bitcoin (BTC).

Marketcap and trade volume

If u look at the bitcoin market cap it is around "$337,340,615,500". It is massive rite and if u look at the day to day trade volume of bitcoin "$39,194,028,555" it is thrice as high as 2017. These are indicators that more no of people are trading bitcoin world wide which leads to price boost.

New bitcoin mined

If u look at 2017 there are more no of bitcoin available to trade and available on open market and in exchange and more no of bitcoins are mined everyday. A individual person holding the bitcoin was low. That is also a reason why after the bull market the price dipped to low.

In the current scenario, everyday mined bitcoins are very low because as more people starts to mine the less bitcoin u get for mining. And huge no of bitcoins are taken away from big exchanges like binance, coinbase etc by big institutional investors and also regular investors like u and me. So there is a scarcity in available bitcoin. It leads to the basic economy 101 if there is a need for a product and it is scarce the price will go high.

Analyst

If u look at what analyst and big investors say u can understand that it is true. lets look at some prediction by analyst.,

Citibank General manager says btc will hit an all time high of $318000 next dec, u can look at the article here.

Mike Novogratz a famous bitcoin investor and analyst says btc will surely $65k by the end of next yr.

Summary

By looking at the above mentioned information and my own thought I think btc will surely high rocket to a all time high next yr. So should u buy btc now? well i would say it all comes down to personal preference I can only list out why it will moon it all comes down to u.

If u want to knw what are the ways u can get your hands on a bitcoin feel free to visit here.

If u need to know abt other crypto currency project other than bitcoin visit here.

If u are new to crypto world and want to know how to get cryptos for free visit here.

Affiliate Links:

publishox :- Y U no sign up yet?? Earn crypto for writing AND reading!

bravebrowser :-Like Google Chrome, but earn BAT crypto!

presearch :- Like Google search, but earn crypto! (Referral bonus: 25 free PRE tokens!)

netbox.global :- like google chrome, but earn NBX crypto!

miningcompany.ltd :- one stop mining platform for all cryptos and their plan is also free to start

Cryptotab- I use it to mine bitcoin on my mobile and pc.

Thank you for visiting for more interesting news like this pls subscribe to the blog.