Post
Topic
Board Economics
Re: Investing Bitcoins?
by
bamboylee
on 30/11/2016, 11:12:24 UTC
Investing bitcoin is amazing steps to get rich quick. Many peoples was became millionare because bitcoin and I will following with buying bitcoin as much of the money that I have.
I do  not look at bitcoin as something that will give me quiick riches.  I treat it more of a long term investment that can give me a steady source of passive income. I think being patient plays a big role in going long term and disciplinecis definitely needed.

It depends on how you view bitcoin. If you see it as a currency, then you will not profit but just for spending. If you view it as an investment, then it can be a good passive income because it becomes more valuable over time. But if you meant to trade and profit from it, it can be a get-rich-quick asset. If you are good in trading, in short term, you can profit a lot from the fluctuation of its price.