Wide Web had only a total of 130 websites in the entire world. Which these days is actually quite a lot. Last year, I made some efforts to try to find my lost wallet in the hopes of learning out I had a handful of Bitcoins kicking around from my undergraduate days. Holding On for Dear Life (hodl). Read how: However, something good did arise from the ashes of defeat; a group of people remained loyal and more convinced than ever that Bitcoin would still be the future of a one global Decentralized financial currency. In the last 2 weeks, we saw an abrupt correction all across the cryptocurrency board as a series of regulatory measures were deployed by the government and banks. This question originally appeared on, quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world. Bitcoin is also not a Get Rich Quick Scheme. HODlers phylosophy, the Bigger Picture, hyperbitcoinization, one of the questions I am asked on a daily basis on Quora is whether Bitcoin is still a good investment for the year 2018? Unlike trading in Bitcoin whereby it is held for a short duration of time and then sold at a higher price, hodling as it is more popularly known involves buying fungible Bitcoins and then keeping it for an extended period of time. Just before I wrote this article, bitcoin traded above 3,000 for the first time, with this latest leg up mainly fueled by high demand from Asian investors.
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Without insurance or government backing, Bitcoin is one of the riskiest investments available, which means you probably shouldnt make it the cornerstone of your retirement portfolio. Later on, people started to define. Both currencies were not backed by any gold or silver and they were printed until they literally lost all of its original value. The short answer to "Is bitcoin a good investment for retirement?" is a resounding. Then to add salt to the wound, Flexcoin a Bitcoin bank announced that its entire user database vanished into thin air.
Is bitcoin a good investment