Is now the time to buy bitcoin?

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Is now the time to buy bitcoin?

People have been asking me if now is the time to buy bitcoin?

I think what they are asking is; Can I make money via investing in bitcoin? They are not asking, can we help other people via using & saving in bitcoin? That is the right question to ask. Most people don’t understand money. Do you?

The seven characteristics of money are:

Durability: Money should be able to withstand wear and tear, and remain in good condition over time.

Portability: Money should be easy to carry and transfer, especially in the case of larger amounts of value.

Divisibility: Money should be easily divisible into smaller units without losing its value.

Uniformity: All units of money should be identical and have the same value.

Limited supply: Money should have a limited supply in order to retain its value and prevent inflation.

Acceptability: Money should be widely accepted as a medium of exchange for goods and services.

Stability: Money should have a relatively stable value over time, without experiencing large fluctuations or volatility.

These characteristics are important for any form of money to be effective as a means of exchange, unit of account, and store of value. The thing that tells me Bitcoin is better than the Canadian dollar as a form of money is point #5 - Limited Supply. Remember I don’t use alt coins. Even the SEC (Security Exchange Commission) has finally sued Richard Heart who promoted alt-coins. Remember your time is limited, so is bitcoin.