Should I buy Bitcoin now or is it too late?

Should I buy Bitcoin?

If you don’t own any bitcoin and have some extra funds you can afford to lose, it may be wise to consider buying a small amount—even if you’re unsure about its future.

Why? Simply put, there’s a chance that Bitcoin could become the foundation of a future monetary system. If that happens and you don’t own any, you may find yourself needing to buy it later at a much higher price. Even if this outcome seems unlikely, consider that all historical government-issued fiat currencies have lost value over time, primarily due to inflation.

It may sound dramatic, but ask yourself: can you be 100% certain that the currency you rely on won’t significantly lose value in your lifetime? If there’s even a slight chance, allocating a small percentage of your wealth to Bitcoin could be a worthwhile insurance policy.

Of course, this assumes you understand why Bitcoin is unique and how it gains value. Take some time to learn about Bitcoin, as you would with any other investment, like stocks or real estate. This knowledge can give you confidence in deciding whether Bitcoin is worth holding.

Source: Anil Patel

What if I can’t afford a whole Bitcoin?

Many people are discouraged from buying bitcoin because they think they need to purchase an entire coin, but that’s not the case. With only 21 million bitcoins ever to exist and over 8 billion people globally, owning even a fraction could be significant in the future.

At Bittr for example, you can start with as little as 10€ .

When should I buy Bitcoin?

People often worry about timing their Bitcoin purchase. Common questions include:

• Should I wait for a price drop?
• Is there an ideal time of day or week to buy?
• Should I wait for financial news or stock market trends? These questions are common, but they miss the bigger picture. Timing the market is extremely difficult, and even seasoned investors rarely get it right. If you believe in Bitcoin’s long-term potential, minor price fluctuations shouldn’t affect your decision significantly.

A more effective approach could be Dollar-Cost Averaging (DCA), where you invest a set amount regularly over time. DCA helps you average out your purchase price and minimizes the impact of short-term volatility. At Bittr, we support this strategy.

➤ What is Dollar Cost Averaging

Does Bitcoin have a Future?

Bitcoin’s future looks promising. Unlike fiat currencies facing inflation and economic strain, Bitcoin operates independently, unaffected by centralized monetary policies or government debt issues.

The real question is, how prominent will Bitcoin’s role be? Could it become a global store of value or an everyday medium of exchange? Many people believe so, but naturally, there are skeptics. You might doubt Bitcoin’s potential due to factors like:

• Limited exposure to Bitcoin knowledge or positive influences.
• Skepticism from friends, family, or media sources.
• The feeling that you missed the early days of Bitcoin. While these are understandable concerns, remember that Bitcoin’s fundamentals haven’t changed. Despite numerous projects attempting to dethrone it, Bitcoin has stayed strong due to its decentralized structure and fair distribution. Governments have tried and failed to ban it, and its technology continues to evolve.

The reality is, as fiat currencies struggle with debt and inflation, Bitcoin’s unique features—like ease of transfer and independence from government control—make it increasingly attractive. Holding even a small amount of Bitcoin can be a strategic step toward financial security.

Bitcoin is scarcer than you might think

If Bitcoin were distributed equally among the global population, each person would hold a very small amount due to the limited supply. With 21 million bitcoins and a global population of around 8 billion people, dividing it equally would give each person approximately 0.002625 bitcoin, or 262,500 satoshis (since each bitcoin is divisible into 100 million units called satoshis). This means that even a small fraction of a bitcoin today represents a significant share when considering Bitcoin’s fixed supply and the potential global demand.

“It might make sense just to get some in case it catches on.” - Satoshi Nakamoto

Final Thoughts

• Even if Bitcoin’s future is uncertain, owning a small amount may protect your purchasing power.
• Instead of trying to time the market, consider setting up a Dollar-Cost Averaging (DCA) strategy.
• Bitcoin has withstood over a decade of competition and economic challenges, making it likely to hold value in the future.