Post
Topic
Board Economics
Re: Why is cryptocurrency bullish in the long-term
by
goldade
on 27/07/2021, 14:44:59 UTC
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?


Although there are usually corrections in the price of a cryptocurrency, it is usually bullish on the long run because of its adoption in the mainstream or the crypto community.  This adoption, however, increases with time which makes it bullish.
The price of bitcoin 10 years ago is really low but with its adoption over the years, it has grown to what the price is today. This means that someone who invested in bitcoin 10 years would be swimming in profits if the person didn't sell