Bitcoin crashes, down at $40k; Is it still a good investment?

If you are not aware of what is going on with the Crypto Market right now, let me highlight it to you. Just for the clarification, I am not a financial advisor, and don't take my words for granted. Always to proper research before investing and only invest the amount of money you can afford to loose.

The Crypto Market is going through a rough time, for the first time in years; after 2013 and 2017. This due to a series of events happened in last two weeks, which includes series of tweets from Elon Musk, the founder of SpaceX and Tesla pointing out the environmental impact and the Carbon emission. And then the financial regulation imposed on the Chinese Banks.

The price of Bitcoin has fallen down approximately 30% on Tuesday, and it is priced at $39k at the time of writing this article. People lost billions in Bitcoin due to this sudden crash, which highlighted the un-regulatory aspect of Crypto coin and how it can be controlled by whales and big bulls, which makes the investment rather risky and vulnerable. It totally deviates from the real idea behind decentralisation. So, is it still a good investment?

  1. Yes. It is the future of currency. No doubt it is still a good investment.
  2. But I would prefer giving it some time. As the market is at the stage of crashing right now, the pricing can go down more. I would like to wait for another dip. He he.
  3. Like I said in the beginning of the post, only invest the amount of money, you can afford to loose. And do not invest, more than 1% of your total portfolio.

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Snehasish Nayak
I am a Full-Stack Developer, passionate learner, and technology enthusiast with 4.5 years of experience in cutting-edge web technologies.