I don't know much about bitcoin, and I also want to invest in bitcoin, but I want to ask whether bitcoin has good potential for the future?
If you don’t know much about bitcoin, then you have to go and have proper understanding about what bitcoin is all about, you shouldn’t invest in what you don’t really know about, if you invest without knowing much about bitcoin, then you might end up losing money also, bitcoin is not a get rich quick scheme you should know that, bitcoin investment requires great patience, you have to be prepared to hold whenever you are planning to invest in bitcoin, if you are investing in bitcoin for short term, don’t be surprise you might end up losing money also.
and what,, many people who lose investing in bitcoin.? and I want to know why people experience losses investing in bitcoin?
Their are different ways which makes people lose their money after investing in bitcoin, some people think bitcoin is a Ponzi scheme, they are losing for easy money which at the end they will be scammed, some people don’t have patience, they do invest in bitcoin for short term, and but if you really want to invest, then you should be ready to hold for long term, some people ended up storing their bitcoin on exchange, after the exchange have been compromised, their bitcoin is gone, some people didn’t properly back up their private key, which at the end they could access their wallet anymore. Their are still many more ways which people can lose their bitcoin, I just mentioned just few now.