Bitcoin is becoming expensive, and is going through a period of major volatility. How much does this affect you in your decisions about Bitcoin?
Would you buy Bitcoin as a long(ish) term investment, or do you see it as a simple payment method? If you plan to start a career in crypto, does the price affect your ability to learn and experiment with the coin?
The Bitcoin economy is very different now, and it was much simpler when I became interested a few years ago,
I will like to answer the few with my experience in Crypto journey.
I heard about Bitcoin in last Thanksgiving when it was around $10K but still it does not aroused my interest as such but in couple of days it reached around $20K and it this point I decided to explore the opportunity of investment in it.
Created a coinbase account and in next couple of days price dipped from all time high, People are speculating that it can reach million dollars(youtube videos and various articles) and I did very small investment. (Frankly speaking you can call my investment as FOMO ).
I buy the bitcoin for the purpose long term investment only and currently I do not use it as payment method. I have no intention to search the merchant who accept the bitcoins and do the payment in bitcoins but if my preferable merchant is already accepting bitcoins , then I can think of using it as a payment method. In a current scenario I am still take as store of value and I will suggest to buy a little bitcoin and do the payment in fiat only and consolidate your holding on bitcoins.
I have already established career and I am not going to abandon it in just to start with the crypto currency but I am exploring and learning in Crypto currency so that in future I can take it as part time career and if it goes well then I can think of a switch.
Price do not affect my ability to learn and experiment but the existing job,social responsibilities and not high will power/motivation to engage myself in continual learning are the main factors for me not experimenting.
Sometime I wish that I had heard about bitcoin when I was in my college . I had much eagerness and dedication to learn and experiment at that time.
