No matter what happens, I have promised myself I will continue accumulating BTC. This was how some people think years ago and they never buy bitcoin. Up till now bitcoin is gaining more value like never before. The percentage rate of bitcoin since the beginning is exceptional. Bitcoin kept increasing without decreasing.
Bitcoin can not crash because of the following reasons:
• The numbers of investors: among all cryptocurrencies, bitcoin is the most reliable coins with over 80 million investors across the world, and this number kept increasing every day. There are no coin that has 70% of bitcoin investors, that is the reason BTC is the most reliable coin.
• Market cap: BTC market cap is over $1 trillion. Which simply means all the coins In the market has to crash before BTC can crash. Ethereum is $446 billion: you can see the difference between the bitcoin and ethereum which is the second. There is no possibility that bitcoin will ever crash. The market cap kept increasing without going down.
• The world has gone digital: bitcoin is a digital currency; it is like an online version of cash. It is used to buy goods and products online. People are now gone on digital where is possible to get anything using BTC. Though some countries have banned the use of bitcoin but most countries are accepted it.
• The value of bitcoin: could you imagine 1BTC is about $58,000. Where as 1BTC is millions in some countries currency. The value of bitcoin is so high that is not easy to hold 1BTC in some countries; because If you hold 1BTC, you are a millionaire. Therefore, anything that has so much value like bitcoin can not just crash.
In conclusion, bitcoin is not just coin but power. Bitcoin has changed some peope life for good, it has made some people millionaire. Bitcoin has made me understand the current monetary and financial system. Bitcoin is where the future is. It is up to you either to invest or not, but for me I will never stop investing in bitcoin.
