Bitcoin is one of the safest investment in crypto which will keep on rising! The gains will be lesser compared to other new coins or seasoned low value coins but you will have peace of mind!
Wait for Fork to happen then you can invest in BTC!
Topic: Investing in Bitcoin is harmful or profitable? - page 2. (Read 632 times)
I don't know.
But it has been profitable for the last 8 years.
The price jumped from nowhere to $7000 and is rapidly increasing.
It was $700 a year ago (6 november 2016) and in a year has increased by x10.
I believe that is enough for any layman to know that it has been very profitable so far. Bitcoin is a digital currency with a lot of uses and the demand for the value is what increases the price and as long as we all keep sticking to the fact that we want to keep using it, it will end up not just profitable.But it has been profitable for the last 8 years.
The price jumped from nowhere to $7000 and is rapidly increasing.
It was $700 a year ago (6 november 2016) and in a year has increased by x10.
But would make its daily usage and means of transaction very lovely and anyone who wants to consider it as probably harmful should better stay away. Every investment comes with a risk and if the OP cannot understand the risk by himself, then he is absolutely not ready to invest.
Bitcoin is the best investment at the moment! Those that invested less than a year ago are reaping bounty return on their investment. And for your information, there is still plenty room for increase in price of bitcoin. Bitcoin will still rise further this year and in future.
Investing in Bitcoin is either harmful or profitable. It will be harmful if you will invest without any preparations. If you will invest because you just carried away by the hype and popularity of Bitcoin in your community and you didn't do any research, it can be harmful by losing all of your investments. It is profitable if you know what you are doing. If you did some studies first before investing.
Right now its value is too high. I would recommend some wait for the lower BTC price.
In my opinion it is profitable to invest in Bitcoin but long-term, not short-term. The value of Bitcoin is increasing over the time. Last year the value was 10X lower than today. And I think that Bitcoins value will raise in the future. Of course nobody can gurantee that, and it is risky, but I think that we can expect further raising. I also think that there will be some corrections of Bitcoin value after the fork, and the price could go a little bit down so maybe than could be a good moment to buy some Bitcoins.
Change is constant, bitcoin is an investment. For you to invest you must be a risk taker, it depends on your perspective
As today, bitcoin price is quite high, which means that you will buying it at higher price compared to the price before. Bitcoin is quite vulnerable this time as shown by the sudden changes in price.But I believed that when you're buying it for a long term investment.It would be profitable.Since each and every day people are being introduce to cryptocurrency especially bitcoin.
Both are posible. Bitcoin perce has a high risk because no one can predict what will happened in the market. But it is also profitable because you will able to earn even without capital.
There are so many thread in this forum that could help you determine the positive and negative effect of bitcoin.
There are so many thread in this forum that could help you determine the positive and negative effect of bitcoin.
Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
You want to invest on bitcoin and you don't know if its harmful or profitable yet you are on a forum of several thousands of users with the only major thing that brought them together is bitcoin. With that alone, you already have your answer as to whether bitcoin is harmful or not because if it had been, a lot of users here would have tried something else. Read threads, and nourish your knowledge.
Unfortunately it's too late for you to invest in BTC- wait for the major trend change and then get into BTC at a far more reasonable price. That's what I think at least
Investing in Bitcoin will bring profit as things seem, it's on a steady rise too.
We will have to wait and see what will happen after the fork incoming 16th of november and the fork coming next month.
We will have to wait and see what will happen after the fork incoming 16th of november and the fork coming next month.
Investing in bitcoin is like investing your money in a company or business. But investing in bitcoin is more profitable and your money will grow and you get profit for it.But If you have doubts investing in bitcoin look first on the history chart price of bitcoin starting 2008 and compare the price now. Hope it may help for you to decide.
Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
I think it depends on how you will play in the investment. if you later buy bitcoin when the price is low and sell bitcoin at a high price, I think you will profit very much later. but if you're afraid bitcoin prices will go down and you sell all your bitcoins I guess that's not a good choice.
There are always pros and cons to any situations in engaging a business. To be able to make a good decision, you need to weigh the good and bad thoroughly before finalizing your choice. For me, investing bitcoin can be profitable and can be harmful. It is all depends on how you used it. It's said to be harmful if you were used it in illegal ways and is profitable if someone knows on how to used it wisely or in a good way of living.
You have to evaluate risk vs reward. Is it worth it to you to risk $10 for a great chance of $100 (looking at historic returns and considering it's still early)? HOw much are you willing to risk and how much could you reasonable expect to gain from taking that risk? Those are the questions that you need to ask yourself.
Bitcoin investment is very volatile , but it is always good if you invest in it after doing research properly. Always keep in mind onvest the amount that you you can afford to loose and which dont cause you any financial contingency.
As you said investing in bitcoin is very volatile. With this we can conclude that investing, trading in bitcoin is harmful. But for a very much point it can also be profitable. There are disadvantages that makes bitcoin harmful. As we all know that investing is very risky. You have to take risk in every money you put in to whenever and whatever trading or investing organizations will go. And bitcoin is so much likely than that.
It is also profitable whenever you are in a successful campaigns. With that you can gain a lot of profit. Being profitable here is never easy. You should read a lot articles, blogs to make you successful in investing.
harmful if you buy and sell in a wrong timing. profitable if you keep it atlist a year
Investing in lucrative bitcoin may be a bit risky but the challenge for investors if they want to earn big profits must be to accept every risk that will happen. because bitcoin is unpredictable in its condition.
Investing in bitcoin is never harmful, it only depends on the timing and the price u r buying or selling it. I still believe bitcoin is in its early stages and has got many more milestones to achieve. So be patient and keep on buying bitcoins whenever its drops too much and keep conquering the buy positions when it dips. This is what i do for multiplying the profits as bitcoin is an asset to hold and can be used for multiple purposes like online crypto trading, buying anything online and btc holding , so its never harmful but always profitable.
In my opinion, this is not good time to invest in bitcoin now as it is already lifetime high. You have to wait some time for its downfall and then you can enter and it is profitable if invest for long term.
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