Should You Buy Bitcoin in Thailand as Price Reaches 20k USD?

Are you considering to buy Bitcoin in Thailand as the price is now at an all-time high? We have been here three years ago when the leading cryptocurrency scaled the lofty heights of $20,000 per coin. But is now the right time to invest or have you missed the boat?

 

If the past few years are anything to consider, this is just another Bitcoin bubble that will burst as quickly as it grew. Many people lost money during the last time in 2017 when the prices reached this level. However, some experts think that Bitcoin will reach $100,000 per coin in steadfast time. So, should you buy Bitcoin in Thailand at the moment or wait?

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Buy Bitcoin in Thailand to Invest in the Future

If you are considering to buy Bitcoin in Thailand for investment in the future, that would make sense. If you are playing the long-game, it made sense to invest in Cryptocurrency. However, if you are looking to short the market, be very careful.

 

Back at the end of 2017, moving into 2018, the Bitcoin price rose quite dramatically to over $20k. This caused a mad dash from people looking to take advantage of the ‘next big thing in investment’. There were many stories of people remortgaging their house to buy Bitcoins to invest in the cryptocurrency.

Buy Bitcoin in Thailand to Invest in Cryptocurrency

Bitcoin 2017/18 Bubble

But for many, investing in Bitcoin in early 2018 it was a bad decision. The price dropped from around the $20k mark at the end of 2017, to just over $3,000 per coin by the beginning of 2019. The price pretty much bottomed out with many experts believing this was done purposely and was a massive ‘pump and dump’ of the highest order. Either, lots of everyday people lost vast amounts of money. Were they duped? Who knows.

 

During 2019, we have once again seen a similar bubble happen before our eyes. At the time of writing, the price for Bitcoin is back to around the $20k mark, although it continues to fluctuate.  The low point for Bitcoin in 2020 was in February when the price was around $6k per coin. But ever since we have seen another spike or bubble. Be careful folks.

Should You Buy Bitcoin in Thailand in 2021?

Should you buy Bitcoin in Thailand now while the price is flying upwards? That is only a decision that you can make. Many people are back to saying that Bitcoin will hit $100k soon. But please remember that this is the same thing people were saying at the beginning of 2018 when the price was similar. The comparisons are very similar.

 

If you are looking to buy Bitcoin in Thailand, we would recommend that you use a reliable site like Local Bitcoins. Anyway, guys, happy trading. Just do not be fooled by the claims that Bitcoin will hit $100k this year. But what do I know? I could be completely wrong.