A common advice given out by cryptocurrency investors is do not chase winners, especially if you want to hold it for short term.

In that sense, yes, Bitcoin might slide back down to the 2000s range soon.

However if you understand why the underlying technology is great, no time is too bad to invest in bitcoin.

Some reasons to invest in bitcoin.

1- Bitcoin is scarce (maximum 21 million in circulation)
Bitcoin has the most secure blockchain since it’s the most adopted cryptocurrency.

2- Bitcoin is accessible, which means adoption rate is going to grow.

3- Improvements are being made to Bitcoin in order to decrease transaction confirmation times (Segwit and Lightning networks)

4- Bitcoin is rapidly being adopted in Japan, South Korea and Australia.

5- Bitcoin is still in its early stages in India (a population of 1.2 billion)

6- Bitcoin has already been extremely popular in poorer African countries like Zimbabwe and Kenya.

If you read these facts and own them, you might be willing to commit some of your wealth to Bitcoin regardless of price, which is ultimately the best reason to invest in Bitcoin.

-King Steele