Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.
Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?
First and foremost, it’s great for you to be a Bitcoin enthusiast. However, before you do so, always do your homework and research. Educate yourself first about Bitcoin. Are you here for short term or long term?
For me, long-term is always the best by just simply buying and holding. However, if you want to have daily income, better start a business that would generate you results.
Trading or investing Bitcoin doesn’t have astronomical guaranteed returns. Don’t expect or project that you will profit at a certain point of time. It’s unpredictable and we don’t know where Bitcoin might be heading next. It could go down in any minute, or the other way around. Or it might go up all of a sudden without warning.