Post
Topic
Board Economics
Re: bitcoin investing
by
Sum24
on 23/09/2018, 20:27:25 UTC
Bitcoin is main cryptocurrencyon the motion of which all are guided. I think, that can invest in bitcoin and all top crypto-currencies, because are at the beginning of long journey, but the main thing is not to expect a quick income from them.And it's an investment and need a lot of time to get profit. And the main thing is invest free and non-debt money.

My opinion about this topic is that bitcoin investment is more risky thing compared to typical investment for instance bank investment which I think safer than it. But along with the risks involved in bitcoin investment it offers higher profit in return.
If you're thinking for short term invest like two or three months than it won't work. You have to invest at least for a year.
You are right it is good to invest for long time but short time investing is not good because price use to change after few months that no one know about the time when the price will be change, so we should have this thinking in our mind that price never gets high at once, so never panic sell, price will be high you will have to keep patience, the more you will hold the more price of bitcoin will be high, so invest for long time it will increase your money faster.