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With bitcoins volatility it is hard to accept it for now as a legal tender. But if you are not willing to invest on it and will sell it too if gained then it is also a good choice for you. Having a multiple option will result to a good decision.
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The risk of speculation is a good opportunity for those who are researching well and studying the growth of btc. However, the risk of losing is high because no one knows what will happen today and to the future of btc but some of it uses this to profit big time.
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For me, its kind of addicting to see your savings getting a profit each day. I think I'll never quit using crypto and beside no matter what bad experiences I get, I just move forward and fix my mistakes. I think problems are also part of investing in crypto and if you have a mindset of getting things right, all things will surely be right. With efforts in researching crypto you can make another run again in this.
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It does not matter that the Communist Party of China does not recognize crypto. It is accepted by the rest of the free world. Although they are intelligent and well-reasoned, they have something planned for the future. Their crypto ban is meant to ensure their population relies exclusively on their central bank's digital currencies. Are there any limits to how many times China can say it has banned or will not accept cryptocurrencies? Like people say, China does this all the time in order to manipulate the market more so they can buy up at lower prices. It won't last for long.
The government is afraid of what they cannot control so in order for it not to spread furthermore in there country, they immediately ban it. Also, as mentioned, they keep on manipulating the market price. Its so hard to do things when the government is watching what ever they are doing. People will get tired of this news eventually and neglect it. |
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I think what happens is that when that news reoccur again, a dip/crash will happen, its an opportunity for those who have funds to buy the dip. Its happening always, when a fake news resurfaces. Again, this time it happens and in a few weeks/months the price will rise again and those who panic sell will lose big time.
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BTC is the most secure crypto asset today, the only thing that you will lose it is by getting hacked in your wallet account holding it. Beside, there are multiple holders that didn't even think about being breached how ever they are more concern in the price of btc today. Price manipulation maybe, but the whole thing I think not.
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This is inspiring for those who are afraid to start investing high value of their money, instead they can copy your style and they should never looked back at the price they started buying it instead hold it for future purposes or save it if you don't have anything to do with it. I hope new investors have a mindset like you. Best of luck further to your savings.
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I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.
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By holding, it doesn't mean you are profiting unless the value that you bought it is lower than the price it is now. In order to earn, you must invest this Assets that you hold or try buy and sell. Also if you can make funds for extra money try to look for other coins that may have a potential growth and invest in it. A good research can make a big impact in your earnings.
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Most of them of who are against are those who don't even know what crypto is and labeling it as a scam. Another thing is that they are afraid if most of its citizen is a crypto holder/trader because they cant control them. So that is why they are encouraging others too who are not knowledgeable but rich/ influential to criticize it too. But some of them are making crypto as a way to hold their assets.
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Decade had passed and still no one can answer when the price of bitcoin will stabilize. We saw its growth from its lowest point and until today none of the experts can tell when and will it stop. As new investors and traders keep on investing, the price will probably go up once again.
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Its because it is proven that BTC has the highest security among other alt coins. It is the oldest coins out their and people are trading with it in decade already. So if you are new to it or if you are going to invest in it its better to invest in the one who is trusted by all crypto enthusiast.
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In my country when you talk about that you have stocks they automatically assume that you own a company. But if you talked about crypto they didn't even know what it is. If there is someone who knew how crypto works its rare tbh and most of the time they tried to hide themselves in order to protect their love ones. If you start to start to profit and bough things, your neighbors might even report you to police and suspect you of selling drugs. So I think its better to hide your identity and share only what you know if there are willing.
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As BTC keep on growing and getting accepted by different countries I must say that the future is good. If the veterans in this field kept on saying that through the years they saw the ups and downs of btc but despite of that the outcome today is still great. So if you got the guts and knowledge in BTC then you should know what will happen for the best of btc in the future.
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Its always nice to see someone helping others if you have the knowledge about certain things. But I hope in the process of giving thoughts to them you should've mentioned the possibility of it being bearish at any point. They will learn so many things through experience and together with your guidance I hope for their success.
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I would pick investing/buying bitcoin over mining. You need time and patience to pay off the costs for your mining equipment to start generating profits. But if just buy bitcoin and it goes up by 2%, you are already making gains minus any fees you might have had. Not to mention that mining gear isn't that easy to come by and the producers can't produce enough to meet the demand. Your equipment can become faulty, break, overheat. Your software can crash in the middle of the night or during the weekend while you are away from home. You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
Exactly. Holding/Buying can be done easily and with a little research even a newbie can do it. The price of building mining gear today is outrageous due to the scalpers. Also, maintaining the gear is time consuming together with it is the bills. But if you are looking for longer run, try mining and holding it, then sell at what price you will profit. |
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Opportunity are sometimes missed for example when it hits 30k and suddenly it goes up to 60k, you've done your part by sharing the knowledge to invest in btc. However its the decision of investors because in the end its their money that they will use.
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Being smart and young is a key factor why young investors prefer crypto over other assets. Beside this, they have the knowledge on how to operate this kind of things unlike the the old ones who like to invest on traditional things. Also in crypto all you need to do is to have the knowledge when to buy and when to sell in order to make a profit.
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Both of them can gain profit however the biggest profit will be from Bitcoin. So the choice for me is btc, how ever due to its volatility, you need a perfect timing whether in what time you will buy in order for you to gain more profit. In the long run, the highest possible earner if you bought the two is still btc.
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It's obvious, bitcoin is the next big thing, the digital gold for this decade so most of the millionaires doesn't have the knowledge on how to make money out of the bitcoin market. They are still in the old and traditional way of investing in stocks with small risk. Unlike in bitcoin wherein there is so much volatility that these old investors are not used to, so they would rather put their money on safe haven like gold and then hate bitcoin itself.
Exactly, another additional to this statement its that the fast growth of crypto currencies many of them are not capable of going with the flow. I consider Age and commitment to what ever they are doing that kept them behind and as a results they tend not to favor this new technology. Hence, resulting for them to only hate it. |
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