Is Bitcoin A Risky Investment In 2022 And The Next Decade?

With every type of investment there is going to be risk. With some investments there are higher risks than in the more traditional ways of storing your money. 

Of course with higher risk there is a greater chance of reward and that's why there can be so much money to be made with legacy cryptocurrencies like bitcoin and etherium. The very volatility of these virtual coins is what makes people want to speculate with them. If you put your money in at the right time and take it out at an opertune moment you can easily make a 25% profit in under a year. Try finding profits like that in the stock market.

Of course you could also suffer a loss if you find yourself in an emergency and need to transfer your BTC into real world currency. All investments require the investor to be able to hold his position for a long period of time. In life there are truly no get rich quick schemes. Like any other speculative endeavor you should be able to foresee keeping you money in the same place for at least five years.

Another problem with crypto investments when compared to more traditional long term investments is that they are not insured by any government body. For example if you have a savings account or a brokerage account the FDIC, a U.S government agency will reimburse you up to 250k in most situations if your financial institution should go belly up. You don't have that kind of cushion with most forms of cryptocurrency.

With virtual currencies like bitcoin it is their popularity that keeps them afloat. There are so many people holding these tokens that it takes a big scare to send the price far enough down that it cannot recover. The younger generation is also emotionally invested in crypto and many of them will not abandon it. No matter how hard the bigger crypto coins are hit they will still hang on. For these reasons I believe the more popular coins like bitcoin and etherium are here to stay.

However, in my opinion it is best to keep your real money out of crypto. You should only seek ways of getting it for free or trading crypto currencies with each other. This is the reason I created this blog. To show you all the ways you can get free cryptocurrency without spending a single penny.