How profitable is bitcoin investment? Is it a good longterm investment or short term?
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How profitable is bitcoin investment? Is it a good longterm investment or short term?
Investing in bitcoin is similar to investing in stocks, but it is far more volatile due to the daily swings in bitcoin. Bitcoin investment has attracted all sorts of investors. It
has many advantages over traditional investments. Bitcoin is one of the most liquid investment assets. You can easily trade bitcoin for cash or assets with low or no fee. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit. It may also be a long-term investment due to its high market demand. Unlike world currencies which are regulated by their governments — bitcoin is immune to inflation. The blockchain system is infinite and there’s no need to worry about your cryptos losing their value. There are new opportunities. Bitcoin and cryptocurrency trading is relatively young — new coins are becoming mainstream on a daily basis. This newness brings unpredictable swings in price and volatility, which may create opportunities for massive gains. Stock trading requires you to hold a certificate or license. You must also go through a broker to trade a company’s shares. But bitcoin trading is minimalistic: simply buy or sell bitcoin from exchanges and place them in your wallet.
Whether bitcoin is a profitable investment is quite relative, as there are many factors that contribute to that. Doing your research on the market and understanding the conditions can allow you make good wise decision in investing.
Investments are known for risks and as much as bitcoin is gaining a lot of visibility, it also has its disadvantages. This includes little or no regulation, the threat of online hacking, no refunds, susceptible to high price volatility, and more. However, most of the risks attached to bitcoin investment are ones that can be avoided if safety precautions are applied. But so far, bitcoin investment seems to be doing so well based on investment chart.