Post
Topic
Board Economics
Re: Economists advise caution in trading in Bitcoin currency
by
mirakal
on 25/11/2023, 13:56:20 UTC
~snip~
We can actually read what you have written even if you don't use the red and blue colors and the massive font size. As newbie, please take note of this as it makes your topic a bit stressful to read and comment on.

Bitcoin is a threat to central banks and other financial institutions. Therefore it is no surprise to see the backlash coming from them. Although, I understand that there is a huge risks that follows investing and Bitcoin and those you venture into it must read and thoroughly do their home, yet in the last decade Bitcoin has been one of the best performing assets that there is.
Well, what else do we expect from those who simply do not support the existence of bitcoin. Of course, they will try to attack bitcoin as much as they want because they don't see it as a legal and real currency, but often a tool for scammers and criminals. But despite of those accusations, bitcoin even surge high and now its price has become even more risky to invest because of its highly, expensive price.

That is why despite of its high profitability, we are still advised to invest with caution and do a lot of research before deciding to invest in a high risk asset. Always invest an amount that you can afford to lose, that way you'll be safe from the inevitable losses that appears in the market.