Post
Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
Snaic
on 29/12/2018, 05:14:57 UTC
There are always risks in business and if you want to make BIG gains then you'll have to take BIG risks too. In last few months, Bitcoin hasn't moved much up or down after the January's hype and dump. So I don't think engaging in Bitcoin puts us at any risk.
The risk of investing and even holding Bitcoin becomes higher as its price rises. We have already seen this in the example of 2017-2018. At the same time, it should be said that predictions about too high Bitcoin prices are becoming unrealistic. Bitcoin holders will no longer watch the next time bitcoin will rise to $ 20,000. If this happens, then this time the majority will already sell it to lock in their profits. At the same time, the price of Bitcoin, according to the law of the market, will inevitably fall. Therefore, Bitcoin is unlikely to ever reach a price of more than $ 50,000.