Post
Topic
Board Beginners & Help
Re: What should we see bitcoin as?
by
Smartvirus
on 19/08/2023, 23:57:48 UTC
Bitcoin the only decentralised cryptocurrency that is dependable and guaranteed return on investment which is undeniably the truth about it.
Guarantees you say?
Well, that depends grossly on what are your plans for your investment. You jump into trading without having a good enough experience, you would be swimming in loses. You buy and when the bears come, you couldn’t hold for the season to pass so you can sell when the bulls are rocking the market, you’re as well tossed.
So yeah, the guarantees is dependent on your experience and plans towards your investment.

Quote
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’m having difficulty differentiating between it as a source of income or investment. Investments are sources of income so, you might want to straighten that up because, it doesn’t make a whole lot of sense to me.

Still, bitcoin is a currency and only serve as an asset while, you could trade it as well to profit yourself.