Post
Topic
Board Bitcoin Discussion
Re: Am I being late investing in bitcoin and make a profit out of it?
by
Kemarit
on 30/12/2017, 08:33:14 UTC
Please tell me if I can still make a profit in bitcoin. I am a newbie here and I want to know if I can still make it.

At this point? No, but if you are going to invest in bitcoin for the long haul then you have a better chance to make profit. So my question is that are you willing to invest on it for long term, or are you here thinking that you can get rich in shortest amount of time? If you are for long term then you can buy bitcoin at the current price because its really cheap. And then try to hold on at least for 6 months and see where the price of bitcoin goes, if within 6 months, bitcoin doubled or tripled, then its profit already. However, if you see that you are just break even then you must hold a little longer. That's the secret if gaining profits here. Don't believed in shortcuts in crypto specifically bitcoin. Invest what you can afford, be patience, do not panic when the price is crashing, don't listen to FUD and make your better judgement. Holding is sort of boring, to tell you that truth, but its very safe as compare to trading.