Post
Topic
Board Bitcoin Discussion
Re: One Beauty about Bitcoin investment.
by
Dzwaafu11
on 11/08/2024, 18:31:48 UTC
Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor won't spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

Bitcoin Investment did not require checking your computer all day. I think you are referring trading. These two things are clearly different things: trading is what will make you look at your computer all the time and not investment. Also, traders are only taking advantage of the market movement to make money and not mitigating for inflation.

The one beauty of bitcoin is that bitcoin makes you financial stable and in shorter period of time you can become millionaire or even billionaire so buy, buy, buy and hold, hold, hold.

I disagree with this; I have not read this anywhere though. Bitcoin is known for a long-term investment and not a short time. You can't be a millionaire in bitcoin investment in a short period of time; furthermore, there is no guarantee of such investment; you can invest and wait for a long period of time and you will get profit from it. but turning to billionaire or millionaire I don't think so. unless if you invest millions of dollars.