Post
Topic
Board Economics
Re: Why Bitcoin is not that good as currency?
by
Barbarian
on 17/01/2020, 04:21:37 UTC
I agree with you! Bitcoin has no market price stability like currency. The price of bitcoin varies from time to time: sometimes up and sometimes down. So many people who are not bold in investing in Bitcoin don't even dare to invest in Bitcoin. In fact, many countries do not accept BTC.
maybe each person will have a different analysis in exposing bitcoin, I agree that bitcoin does not have market price stability. but I might be different about investing in bitcoin, because it is very good for long-term investment. it takes patience and is not quick to panic in exposing the price of bitcoin which is rapidly changing, but with good analysis it will get very positive results.
In the past, Bitcoin was very good for the long term,
but for now I think it is very difficult to predict the price of bitcoin and is it still good to invest here in the long term.
You are talking as if that was a very long time ago and as if that was not true anymore, bitcoin is a very good long term investment, I have began to see the value of some stocks and even if you held them for 20 years you would not have gotten much out of them and you would have been unable to beat inflation with that kind of growth, but if you bought bitcoin at the beginning of the previous year right now you will have profits above 100%.