Last month my friend told me he has invested in Bitcoin. Now, that raised all types of alarms in my head because when my Uber driver, my hairdresser starts asking about my take about cryptocurrency, that is when I know that's a big sign of a huge, huge bubble. I mean, think about it, probably you heared about it before when people are greedy, it's really time to get really cautious and I believe that Bitcoin is the same exact thing. Sure. here the thing I actually invested in Bitcoin but my take is that right now at this price point, Bitcoin is not the best investment in cryptocurrency.
Here's why think about it. Bitcoin is really first to market, Bitcoin is like the version one byproduct of blockchain. Now, blockchain is like the internet. Now, internet in 1995 we had no idea, we were clueless to really what was possible and the potential power of the internet. Blockchain is really like the internet 1995. We have a glimpse of what's really possible but we still don't really know what's really possible when everything is rolled out and Bitcoin is first to market, version 1.0. Now, if you really think about it, first market in the technology space whether it's Nokia, whether it is Black Berry, whether it is friendster whether it is Alta Vista, Web Crawler, all these different things that was in the technology space, even if their first market they held their spot for a couple of years, most of them never really hold it for more than couple of years, I believe Bitcoin is the same exact thing, that right now there are so many other altcoins that beats Bitcoin in terms of capabilities as well as features
However, Bitcoin has the pricing it has because of its first market. So, at the end of it all, my take is this, my take is that if you are investing in cryptocurrency, now, or you're going to at least venture into it, bitcoin and the risk reward ratio does not commensurate and does not add up to all of the other altcoins that's available right there, right now. I would do the research on all of the other coins because when it comes to the high-risk investment, it's way better to explore the future coins, the altcoins, the other currencies that's running on a much more effective, efficient platform than Bitcoin because first to market and of course, there has been a lot of different markets and brands where first to market is still the leader right now but I'm talking about the technology space, it moves so fast that chances are Bitcoin is not going to be king in a couple of years from now.
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