By There is an old adage, “the early bird catches the worm” and in cryptocurrency, the time of the early bird is slowly ending. The earliest adopters of any new technology or investment are always the most rewarded. In terms of Bitcoin, If you had invested $100 in 2010, today you would have over $10 million USD. If you had invested $100 in 2016, today you would have, around $10,000 USD, and if you had invested $100 in early 2017, today you would have over $1000 USD. As you can see, the early bird caught the worm, so to speak.
That doesn’t mean there are no more worms to get. According to the World Economic Forum, cryptocurrency, as a sector, will grow by 2000%-4000% over the next 5 years. That’s a potential 20x-40x return for anyone who invests and chooses the right coins to invest in. So, to answer the question, no, it is not too late and no, you should definitely not wait. The longer you wait, the less return you will likely receive.
You Wouldn’t Wait to Invest in The Stock Market, But….
For most people, we think the hardest part and reason they remain on the sidelines in the market is that they are unable to get professional advice or services in a sector that is still in its infancy. In the traditional markets, for example, a plethora of advisors, brokers, and traders exist and are regulated, ensuring transparency and authenticity. Unfortunately, there still is no official body that recognizes crypto assets or professionals in the same manner. In a few years, however, it is very likely that there will be. In the meantime, companies like CoinBeat have risen to attempt to fill that void of professionalism and give readers access to the information they need to make quality investments in the sector.
The Time to Invest is Now
Additionally, while Bitcoin and the entire cryptocurrency sector has been the victim of a 6-month bear market, most analysts, including those on staff at CoinBeat agree that the market recently triple-bottomed and is likely very near its bottom. This means that investors would find themselves hard-pressed to find a better time to invest and get in on the action.
Bitcoin is currently trading at only $6500 and that seems like quite a steal considering the $20,000 USD all-time high. Additionally, many analysts still predict a retest of those levels and even a potential surpassing of that all-time high towards the end of the year. For investors getting in now, that means a potential 300% return or 3x on their investment.
All that aside, one of the keys to investing is access to market information and analyses, constantly. CoinBeat looks to bridge that space for the crypto investor and our daily and weekly market recaps can provide valuable market news that can go a long way to helping investors make informed decisions. Subscribe today to get the latest sector-wide news, first!
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