Bitcoin was the first widely known crypto currency. It has fluctuated a lot but overall has had an upward trajectory. It’s often quoted that had you bought a few thousand dollars worth 10 years ago you would now be rich. That idea is pointless as it’s always easy to be right in hindsight.

There are nearly 20,000,000 bitcoin so far, many of which are in the hands of a relatively few, the “whales”. This means that they can affect the price by buying and selling, collecting huge profits from those who buy in “fomoing” and then panic sell when the price dips.

I talk about only Bitcoin because the rest of the crypto market generally follows it up and down, even though other coins often make bigger gains (and losses) along the way.

I feel that the increasing level of knowledge and interest in the crypto market means the it is gradually maturing. It may be that the volatility is diminishing, thereby bringing bitcoin closer to its long term potential.

My thought is that it’s worth having some bitcoin even if you don’t believe in its future as then you don’t need hindsight.