As it stands now, Bitcoin, barely a decade old, is becoming somewhat of an institution in the investment world.
Maybe it seems that way because of how it was the first coin in the booming cryptocurrency market, the one which opened the gates for all the others to come tumbling through. Or perhaps it is the fact that Bitcoin seems to have undergone a lifetime’s worth of trials and tribulations in its relatively short existence already, making it seem much older and more grizzled than it actually is. In any case, what is truly impressive is how Bitcoin has managed to handle all of that and keep plowing forward, to the point where it has now stabilized into what looks like a high-growth long-term investment.
There have been many detractors of Bitcoin to this point, lining up to try to knock it from its lofty perch. But it’s not only still standing, it appears to be thriving. And it is now becoming a go-to investment for the kind of people who want ownership over their assets, without having to bow before a third party such as a bank or an investment firm. If you are one of those people and want to become involved with Bitcoin, one great way to start is a trading algorithm, which allows you to gain exposure in the market without having to make the hard decisions about whether to buy and sell on your own; Reviews of the Bitcoin Trader will also help you find a good one. Taking a look back at the history of Bitcoin, it is amazing that it has made it this far, with much farther still to go.
- The Ugly Early Years
When Bitcoin first came to many people’s attention, it was looked upon as an outlaw, perhaps because of its association with criminal enterprises. That colored many people’s perception of the coins, as they looked at it not as a viable alternative for law-abiding citizens but as a useful tool for those who would break it. It took a long time for it to overcome that stigma.
- The Backlash
Whenever anything or anyone reaches a high point in a relatively short period of time, it is common for those who have previously held heady positions themselves and might be insecure about their current status to try to knock this new entity down. This occurred with Bitcoin, and it contributed in a great deal to the drop in prices it suffered after it reached its peak value.
- The Misinformation
Each and every day, it seems that there is a new campaign of falsehoods spread about Bitcoin. Many of these campaigns are expertly manufactured and can fool people into believing that Bitcoin is actually a negative rather than a positive. The good news is that enough people are now stepping forward in defense of Bitcoin, and that includes those who hold institutional positions.
Bitcoin never would allow itself to go down without a fight. As a result, it now seems poised to go nowhere but up.