How to Buy Bitcoin
ByConor Mulcahy
October 10, 2022
Intro
Bitcoin (BTC) has witnessed remarkable growth over recent years, leading to its increasing popularity. In January 2016, a single bitcoin was valued at around $350. By January 2019, its price had risen to $3,200, and by January 2023 it had soared to $16,600. At each of these milestones, the price seemed high, making many hesitant to invest in bitcoin. However, looking back, each of these instances was a golden opportunity to purchase, especially when considering its current significant value.
This appreciation isn’t merely coincidental; it’s a product of intentional design. Bitcoin’s built-in scarcity, along with its halving mechanism that cuts the new supply issued by 50% every four years, provides a strong case for its sustained value increase. While past prices undoubtedly presented ideal buying opportunities, today’s market offers a similarly promising potential (provided one adopts a long-term perspective, which is a constant in Bitcoin’s history).
Before taking the plunge, it’s advisable to learn what Bitcoin is, become familiar with bitcoin’s price history and take the time to understand what you’re doing first, so that you can purchase and safely secure your bitcoin.
