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  • Writer's pictureStephen Gardner

Is Bit coin a good investment or overpriced?

Updated: Jan 22, 2021

The most common question I am getting right now involves bitcoin.


I get asked all the time by the community what my thoughts are on Bitcoin. I’m asked is bitcoin a good investment. Is bitcoin safe? Should I buy into bitcoin?


A couple days ago it passed $39,000 a coin or per share. Today I saw it was trading around $31,000. Bitcoin hit all times highs over and over and over again and then dropped. Why?

The new incoming administration and Janet Yellen are not big fans of crypto currency. Also, it probably was an unsustainable run up based on trending news and not actual increased value.


I think for many people in my community, buying a $31,000 coin seems very high and very out of reach. Bitcoin, like gold and silver seems to be reacting to the fears of the global and US economy.


I think with a new administration coming in there was significant fears of market correction. However, as of today, the markets are holding steady.


However, it is very expensive. I don’t have anything against bit coin but $31,000 a share is not within reach of most people and if it is, how many eggs are you putting into that basket.

What if that basket crashes?


I remember watching bitcoin rise from $5000 to $19,000. I had clients asking if they should get a loan against their house to get in on the new digital gold rush. Of course I told them no or that I wasn’t going to be the reason they got involved.


Well in short order, Bitcoin rushed to $19,000 and then dropped down to around $3000. I can’t imagine the people that bought at or near the top only to watch their money melt away.


So if you are interested in bitcoin, I would say do your research. You might even be able to buy fractional shares through Robinhood, but for me I think it might be too high. Even if it went from $31,000 to $39,000, that is only a just over a 10% gain, but if it went from $31,000 back down to $10,000 that would be devastating for most.


If and when bitcoin sees a pull back or drop, I will consider riding it back up, but until then, I’m not putting money into bitcoin.


This doesn’t mean you should or shouldn’t invest, I would just say to do a lot of research and be cautious when something hits all time highs over and over again. It could mean it is running out of steam.


Anyway, you guys asked and so I answered.


I hope you found this video valuable. I sure appreciate you being in my community.


Don’t forget, you are amazing.




36,062 views

29 Comments


Heather Hopfinger
Jun 22, 2022

I do not know why but yeah bit coin is over priced why they want by they I mean Davos and Schwab and WEF want a centralized currency that is why they are driving the price of silver up and bit coin artificially inflating both and making the dollar the paper dollar worth virtually nothing truth

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sabrina_ector
Jan 22, 2021

I started listening to you a about a month ago through a youtube suggestion. thanks for always sharing your knowledge.

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Walter Benald
Walter Benald
Feb 20, 2022
Replying to

Thank you contact me on my email stephengardner052@gmail.com I’ll be happy to guide you through I hope this post finds you well❤️

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michellejackson540
Jan 22, 2021

Thank you Stephen for always keeping us updated. You are amazing!🤗

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Walter Benald
Walter Benald
Feb 20, 2022
Replying to

Thank you contact me on my email stephengardner052@gmail.com I’ll be happy to guide you through I hope this post finds you well❤️

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joshuathecole
Jan 22, 2021

Bro you rock! I’m excited about the contest! Y’all changing lives!

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Walter Benald
Walter Benald
Feb 20, 2022
Replying to

Thank you contact me on my email stephengardner052@gmail.com I’ll be happy to guide you through I hope this post finds you well❤️

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berniceowusu925
Jan 22, 2021

Stephen you are also Amazing

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Walter Benald
Walter Benald
Feb 20, 2022
Replying to

Thank you contact me on my email stephengardner052@gmail.com I’ll be happy to guide you through I hope this post finds you well❤️

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