Post
Topic
Board Beginners & Help
Re: What should we see bitcoin as?
by
isaac_clarke22
on 19/08/2023, 19:57:29 UTC
Bitcoin the only decentralised cryptocurrency that is dependable and guaranteed return on investment which is undeniably the truth about it.

Bitcoin as a source of income or as an investment plan, which is better?
(It has many advantages and disadvantages, but advantages superceeds the disadvantages). Putting the disadvantages into consideration and as a person that want to lower their risk of loss, will bitcoin be suitable as a source of income (not fully, like part-time job), or investing fully in them and wait for a large profit since many users here in the forum foresee it that, at halving the price always go up above the current All time high.
I mean what's better is what you can plan or do better just like. Bitcoin is viable for both anyways.

Just like what hatshepsut93, it depends on ya. Can you endure the 8 hours of trading in Bitcoin while having the thought of possibly not earning anything in a day or so? I just took Bitcoin as side hustle as well as kinda "investment plan" for retirement purposes, but I am not going to trade Bitcoin full-time ever. It's not something that I really love to do 24/7.

In my opinion both are profitable, you can make Bitcoin a source of income while investing. You can combine the two into one goal, when you have the opportunity to make Bitcoin a source of income, it means you also have the opportunity to make Bitcoin an investment plan.
You can fill in the activities between the main activities outside the forum to make Bitcoin a source of income, such as receiving payments in the form of goods and services using Bitcoin. Then the Bitcoin that you already hold can be used as the most profitable investment asset.
It just sucks when your country has so much policies before you can even transact with Bitcoin.