Each type of investment has its similarities and differences, and it is important to recognize that bitcoin and other cryptocurrencies are not the same as traditional investments like stocks and bonds. Even investing in bitcoin has big differences compared to other cryptocurrencies. While some may see parallels between these types of investments, we must understand that cryptocurrencies operate in a different way.
But, as you mentioned, investing time and energy into learning about the technology behind cryptocurrencies can be a wise long-term strategy. It is easy to get caught up in the hype of short-term gains, but focusing on education and knowledge is a more sustainable and profitable approach. Therefore, I encourage everyone to continue learning and stay informed about the latest developments in this world.
Topic: Knowledge Of Bitcoin Is Better Than Speculating - page 2. (Read 214 times)
Well to be honest investing in stock has some similarities with investing in Bitcoin and Crypto-currency because both don’t have a fixed price, the market is volatile and if you don’t make calculated investment you may get ruined.
Also don’t complicate learning of bitcoin and crypto-currency, it’s not as difficult or expensive as you are making it, if you are dedicated and consistently ready I believe you would be fine.
Also don’t complicate learning of bitcoin and crypto-currency, it’s not as difficult or expensive as you are making it, if you are dedicated and consistently ready I believe you would be fine.
I cringe whenever people say that investing in bitcoin is similar to stocks, bonds etc. They are absolutely two different kettles of fish and should be treated as such.
To some point, I will agree with those that compare Bitcoin and the stock market.
Stocks, which in turn are company shares, have a price that is calculated, or should I say determined, by how much people want them, which is to say, the higher the demand, the higher the stock price. That's the fundamental law of economics.
To some point, these laws apply to bitcoin and how it's priced.
The different between both are:
The stock market is majorly controlled between company share holder's but Bitcoin price can't be controlled even by the so called Wales and miners. They can just to some point shake the price buy selling huge amount and causing a little panic in the market which will not last long.
it is better not to regard them as investment. Rather than spend your time speculating about bitcoin and cryptocurrencies, you could actually spend that time investing in education and knowledge about bitcoin and the technologies around cryptocurrencies.
You can also, in turn, invest by learning and studying the Bitcoin market. No amount of time or energy invested in studying Bitcoin can give anyone the actual price or the right time to invest; rather, it will only reduce the losses that can be incurred to the minimum.
Investment is a choice. When you have the right source of information and you convince yourself enough, you can forge ahead and buy some SATs and call it an investment.
And because of the rate at which the prices of bitcoin and other cryptocurrencies increase or decrease in a particular time, it is better not to regard them as investment.
The rise and fall in the price within a short space of time is the reason it is regarded as an investment. Investors speculate on the volatility and either go long or short on it.The other aspect of building skills is a different aspect and one that only a little percentage of the total people into bitcoin delve into. Interest in bitcoin does not translate to ability to acquire high tech skills.
- Jay -
Seeing bitcoin as an investment is not bad idea and its even a good thing. Everyone has a view on bitcoin. Some regard it basically as an alternative to digital gold rather than a payment network and this group if individuals can see it as an investment, Some others regard it primarily as an economic freedom because they have full control of their money
I cringe whenever people say that investing in bitcoin is similar to stocks, bonds etc. They are absolutely two different kettles of fish and should be treated as such. And because of the rate at which the prices of bitcoin and other cryptocurrencies increase or decrease in a particular time, it is better not to regard them as investment. Rather than spend your time speculating about bitcoin and cryptocurrencies, you could actually spend that time investing in education and knowledge about bitcoin and the technologies around cryptocurrencies. A long-term payoff that is way better than speculation would be to spend your time learning about bitcoin and other cryptocurrencies one can acquire transferable and highly valuable skills in blockchain, game theory, security, cryptography, consensus algorithms that will remain relevant in for many years.
Kindly suggest some other valuable skills one can acquire by learning about bitcoin and other cryptocurrencies?
Kindly suggest some other valuable skills one can acquire by learning about bitcoin and other cryptocurrencies?
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