Post
Topic
Board Beginners & Help
Merits 3 from 1 user
Re: What should we see bitcoin as?
by
Ojima-ojo
on 01/10/2023, 17:59:40 UTC
⭐ Merited by The Sceptical Chymist (3)
Bitcoin the only decentralised cryptocurrency that is dependable and guaranteed return on investment which is undeniably the truth about it.
In depending on bitcoin as a profitable investment you mist also be awre of the ling term formula which shiuld not be anything less than 5 years holding period and for such a time you have to first build a good understanding of the market and hiw it cycles work for or against you depending on how.


While we can easily hold our bitcoin in a decentralized wallets where only you have access to the private keys to the wsllet that make you the sole controller pf the funds in it all that you need to do is to securely protect your wallet keys from third-party access.

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 a part-time job), or should we invest 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.
In as much as we knkw both the advantage and the disadvantages of Bitcoin and the risks therein it inherent for us to have it at the back of our mind that Bitcoin is not a get-rich-quick scheme so people should stop taking Bitcoin as such.