Post
Topic
Board Economics
Re: Investing Bitcoins?
by
SquallLeonhart
on 09/08/2016, 09:53:07 UTC
Well, that is why there are a lot of ways to earn money because we do have the same skills, others are good in trading while some are just good in doing an online work and no risk for them. Since trading is more profitable than any other means of making money it is also fair that it is more risky.

Investing in bitcoin does not need too much skill. I just bought some bitcoin in 2013, and keep them, and the price rose.

That is what I am doing. I mine some altcoins and then sell them for the bitcoin and hold the bitcoin.
For me, that is not the right way to do it. You should also consider saving your mined altcoins because in the future there cannot be one coin only that would exist, altcoins will always be there so you need to choose an altcoin that has a good potential in the future.

Investing in altcoin is good at a moment but the problem is we don't know how long it will survive, so its also an risky affair, try to invest in altcoin for short term to make quick profits.