Post
Topic
Board Bitcoin Discussion
Re: What I understand about bitcoin
by
Webetcoins
on 25/02/2022, 11:26:43 UTC
To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.
Yes no one can tell whether is going to grow or dip, but on a long term basis it’s mainly going to be a growth, because the demand in the market increases over the years and there will high trade volume and a high market cap as time goes on, which will make the price of one Bitcoin to be higher than what it is today. That’s something else I think you should know.

If you’re someone who is interested in long term investment that tends to benefit you, then Bitcoin is a way to go . It is more than simply being used for sending and receiving money. If you use it the right way, you’re going to benefit from it.