Sure, it is worth it. It would be better if you had already done it in September, maybe investing $3000 for 1 Bitcoin…because at the moment of writing, Bitcoin is $6000! You would have been doubling your stake already.
Today, Bitcoin updated its record again, and exceeded the psychological level of $6000.
Is it still worth it to buy it today?
Even today, at $6000, it is worth it. It is the most news driven cryptocurrency – big banks, regulators, governments are talking about Bitcoin, and not about Ripple, IOTA, Dash, Monero, or something else. At this point, the European Central Bank, Bank of Russia, Bank of Canada, US private banks speak about Bitcoin (it doesn’t matter pro or against). Now, when governments from emerging economies and banks from different corners of the world try to assess it; now, when the hype is nourished by media – now it’s time to bet on Bitcoin.
All one can do is to buy and hold it – Don’t trade it! Just buy and hold – only if you have enough resources and are ready to lose! (to lose a part of it – because you can’t lose it all – Bitcoin cannot drop at 0 soon).
A CNBC survey that was conducted these days (when the Bitcoin price was below $5700), showed that almost half of respondents believed that Bitcoin is on the way to $10,000, while 35% sided with Dimon (JP Morgan CEO), who said that Bitcoin is a bubble and anyone trading it is stupid.
Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC in a recent interview that he sees bitcoin heading to $10,000 in the next six to 10 months.
16% of them said that it will keep between $6000 and $8000.
Anyway, almost two thirds of the experts think that it will stay above $6000 – so it is worth buying it.
I think even on December 31, 2017 it will be worth it buying.