Post
Topic
Board Beginners & Help
Re: investment advice?
by
bounceback
on 28/03/2023, 17:20:37 UTC
I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin.
Your intent of investing in bitcoin is a good one to start with. As you already know, bitcoin can be a profitable asset or a loss asset in the future depending on the crypto market and when you choose to sell. It's up to you to decide which one you want(profits or losses). Don't invest in bitcoin because you are told to, invest because you see a future in it and you want to safeguard your assets with it.
Even though bitcoin is a speculative asset whose price cannot be accurately predicted for the future, judging by the fundamentals and the popularity that bitcoin has gained so far, I don't think there is any need to doubt the future of bitcoin because it is very likely that it will gain a higher value, especially since we know the supply of bitcoin it is very limited with a total of 21 million units, so its rarity is certainly one factor that could make its value even higher as bitcoin adoption increases and if demand for bitcoins in the market increases while supply is low then we will see significant price increases occur.