Post
Topic
Board Trading Discussion
Re: Passive income with crypto
by
Viscore
on 18/08/2023, 21:17:48 UTC
If you see Bitcoin was still in the bear market then it's an opportunity to hold more Bitcoins. But in my opinion, base on my analysis in the market, I consider Bitcoin as a bullish. The market volume is quite low that's why others think Bitcoin is still bearish. If we compare it before, when advancing starts, the price move to the upside drastically. Aside from that, if you want to earn passive income in crypto, I can recommend to stake your tokens but this not a guarantee that you will be profitable because even though you will get more tokens the price might decrease. So you have think it every well before you decide.
Anything concerning cryptocurrency investment cannot be trusted hundred 💯 that it will give you a profit, so therefore is not good to advice a newbie or newly investor to invest in bitcoin without knowing the right time to venture into the investment, whosoever that planing for earning should know that it's always that profit can come in into cryptocurrency investment, and it have in mind that investment of cryptocurrency and especially bitcoin do revise most times and it's not a reliable measure
Well, anything related to bitcoin involves risk that’s why we should never take decisions unless we have studied it intensively in order to lessen the risk of losing. Although bitcoin is said to be profitable but it’s never a guaranteed word for all of us, even veterans are not an exception. Whether it’s passive or active income we are looking here, as long as there are still calculated risks on it, then we can’t reliably expect 100% for it to happen.