Good day, I heard that bitcoin investment is a way to get profit in the future. I got to know Bitcoin is a good investment through a well-known person of mine. Is bitcoin actually able to give me a high profit?
Suggest and help me to move forward.
First of all, you should always invest money that you don’t mind losing. Secondly, if you plan to invest money in bitcoin, then you should forget that you had this money. And thirdly, remember about the money 3-5 years after you invested it, this will be your investment in which in most cases you will be in the plus.
That's why an investor should make investment decisions based on disposable income and it is more important for new investors to determine whether he can accumulate bitcoins based on his ability to use his capital. Investors who have floating cash can make lump sum investment decisions based on their affordability and this decision can give them huge profits in the future. This approach may be useful for experienced investors who are particularly knowledgeable about Bitcoin. Also, those who are new to Bitcoin investors should make investment decisions in such a way that they do not regret it even if the price goes down and are advised to deposit from a portion of disposable income. Longer term deposits should tend to run ie multiple cycles or 4-10 years.