Subscribe for notification
Categories: Bitcoin Casino News

When Is The Best Time To Buy Bitcoin

SIGN UP
GET REWARDED WITH EXCLUSIVE NO-DEPOSIT DEALS

Best Time To Buy Bitcoin

Anyone who has ever placed a bet knows that you have a greater chance of winning if you know something of what you are betting on. This is reflected in the odds, the chances of winning are carefully studied and the odds of winning or losing are reflected in the judgment of the person giving the odds.

We have made a careful study of Bitcoin to see if and when is the best time to invest. Firstly let me say that I am assuming you know what Bitcoin is and how it works.


Strictly 18+ Only. Bonus Terms and Conditions Apply. Gamble Responsible. Sponsored.

When introduced in 2009 it began a very slow build up and was classed as a wait and see by people who were potential investors. The advent of Silk Road and internet betting sites, mainly Bitcoin dice games gave the currency a boost. As with anything once the ball started rolling it gradually gained momentum. It started to gain recognition and therefore value due to supply and demand.

However, volatility took overdue to a number of factors. The currency was accused of being used for illegal purposes mainly through a site called silk road which supplied drugs, guns, etc, in fact, more or less anything that was illegal.

This was because of its anonymity and ease of use. Silk Road was closed down although with the dark net it did not make much difference. Illegal sites will always exist on the internet. In 2014 another episode made Bitcoin volatile, this was a fraud by a Japanese exchange called Mt. Gox. It caused a number of things to happen to Bitcoin.

The first was that regulations were put in place requiring the Bitcoin to be regulated. This meant that people started to recognize that Bitcoin was now being accepted by financial institutes. That is when the growth really began.

At the beginning of 2017, you could purchase one Bitcoin for approx. $1,000. Today Mid June it would cost you over $10,000. It is interesting to note that there was a worry that the price would take a dramatic fall due to a fork in Bitcoin with a view to speeding up transactions.


Strictly 18+ Only. Bonus Terms and Conditions Apply. Gamble Responsible. Sponsored.

Having studied and taken into account all the information, charts, ideas, speculations etc. I have come to the conclusion that Bitcoin is an ideal investment for the future. Short-term it will vary up and down perhaps with a spread of $1,000 either way for next few months. Then it will rise in quick stages and could double or even treble in the next twelve months.

Advice

As a medium to the long-term investment I would certainly recommend as too much time and effort has been put in for it to fail.

This post was last modified on December 16, 2021 1:40 am

Share

View Comments

Published by

Recent Posts

  • Bitcoin Casino Bonus Code
  • BTC Casinos

Everything You Need To Know About Gamdom Including Bonus Information

We take an extensive look at Gamdom, is it safe? Is it legit? Read on…

5 days ago
  • Bitcoin Casino Bonus Code

Pokie Place Promo Codes – PokiePlace.com Coupons June 2020

Pokie Place Free Spins Bonus  New Zealand and Australia-based punters will feel at home when…

7 days ago
  • Bitcoin Casino Bonus Code

Slots Villa Free Spins – SlotsVilla.com Coupon Codes June 2020

Slots Villa Promo Code  To stand out from the crowd, SlotsVilla Casino runs four different…

7 days ago
  • Bitcoin Casino Bonus Code

Everything You Need To Know About SportBet One Including Bonus Information

SportBet One is reinventing the way people think about online sports betting. It touts itself…

1 week ago
  • Bitcoin Casino Bonus Code

Everything You Need To Know About BetFury Including Bonus Information

What Is BetFury BetFury is a social i-gaming crypto platform that pays out in BTC…

2 weeks ago
  • Bitcoin Casino Bonus Code

Everything You Need To Know About EarnBet Including Bonus Information

EarnBet is a new site on the crypto-casino market that is making waves in the…

2 weeks ago

Gambling is restricted in the USA. Several states that include New Jersey and Pennsylvania allow online gambling to persons over 21 years. Land-based casinos are legal in most states. Know your limits when gambling and stay within your budget. If you have a problem with gambling make sure you ask for help. Copyright © Bitcoin Casino No Deposit Bonus 2020 - All Rights Reserved