The best time to buy Bitcoin is when nobody talks about the subject

Probably remember when Bitcoin was on the news and appeared on the cover of the newspapers. It was not so long ago, it was barely more than a year, at the end of 2017. That year Bitcoin started with $ 1,000 to close at $ 13,000, after receiving $ 20,000 two weeks before. This is an abysmal increase. Not to mention the comparison with the average performance of traditional finance of 5% per annum (in dollars). Bitcoin was 1400% in 2017.

It was such a speculative fury that no one has stopped talking about this opportunity. For the most part, it was something totally new and difficult to understand, which takes time to become familiar. But this climb that seemed unstoppable did not last long, as expected, because in 2018, the value dropped to 3,200 USD per unit.

Argentineans and the dollar

In Argentina, it is very common that a financial badet arouses greater demand from the general public, which is not the case when the price increases because it becomes a new one; and sell it when it falls, when it is advisable to do the opposite.

Take the perspective when it comes to financial investments, it is always healthy to make a more rational badysis that holds in the future. If you look at the Bitcon price at the end of March in the last 8 years, you will see generally gradual movements, with a short period of high volatility.

The digital currency revolution continues its course

Digital currency offers a long-term perspective that is not the one that has reflected its price over the last 18 months. Basically, is there an unseen offer between those who bet on money on the basis of programming codes, software, machines or some central bankers who trust God (in reference to 100 dollars that says "In God we trust – In God we trust-".

A few days ago, in Argentina, a very prestigious venture investor, Tim Draper, was known for his investments in startups such as Hotmail, Twitter, Tesla and Skype. In 2014, the US government auctioned 30,000 Bitcoins seized on an illegal site. Draper bought them all at a higher price than the market at the time, or $ 632 per unit, or about $ 19 million. Today, they are worth $ 122 billion.

During his visit to Argentina, he met President Mauricio Macri and predicted that his Bitcoin holdings could reach $ 250,000.

I do not know if you will be right or not for several years, but when you look back, it is worth $ 4,000 today, it does not seem so far-fetched, except for those who bought at the height of the wave to 20 000 USD and who vowed never to return to buy

Experts always point out that "the emotions badociated with financial investments can be bad advisors, it is always good to invest first with the head rather than with the wallet". Take the time to learn about this technological revolution of digital currency.

* Gonzalo Arzuaga is fund manager at Terrifico Capital and author of "Cryptocurrencies".