Do you think investing in bitcoin at this time will be profitable

[Peterlight]

An expert predicted that bitcoin will go as low as $24000 next month which really scares me because I don't want to sell it off now because I once sold my dogecoin back in December and now look at the price. I am hoping it will go up very soon.

 

[Alexandoy]

An expert predicted that bitcoin will go as low as $24000 next month which really scares me because I don't want to sell it off now because I once sold my dogecoin back in December and now look at the price. I am hoping it will go up very soon.

I have also read a prediction that Bitcoin value will go down in 2021 so maybe that prediction is coming true now that Bitcoin prices is at the $34k level which is down from the $59k that I remember early this year. Making it worse the market has slackened with the doubting traders. Activities are anemic.

 

[Peterlight]

I have also read a prediction that Bitcoin value will go down in 2021 so maybe that prediction is coming true now that Bitcoin prices is at the $34k level which is down from the $59k that I remember early this year. Making it worse the market has slackened with the doubting traders. Activities are anemic.

Yeah investors are panicking and the market is not stable, it is advice to keep your investment on stable coins so as not to lose a lot of money to the unstable market.

 

[Richard92]

This is a very difficult question to answer because of the dip that bitcoins currently suffers and it is not yet certain whether it has stopped or not, one just have to be very careful when investing in bitcoins right now.

Yes I believe that investing in Bitcoin at this time will be profitable because bitcoin is trying to get it space back in the market despite the huge fall it has in the last few months.

 

[Bousine123]

If you are reading this reply now, then you should know that Bitcoin is on its way to the 100k mark, so the question of its credibility should not be.

 

[Sincerem]

Investing anytime around BTC is simply welcome. But the bearish run is the best time to invest on the coin. But now is never too late too.

 

[kayode10]

There is a possibility of making more money with Bitcoin though It seems expensive at the present. There is speculation that bitcoin is likely to cross over 100,000 dollars before the year runs out.

 

[Sincerem]

Yes, at this time is profitable cos the coin is always moving up. It is simply recovering from the bearish run. Their is every chance of the coin reaching its previous benchmark.

 

[Alexandoy]

The price of Bitcoin in the market is steady at the level that is nearing $50K which means it is pretty high and probably not good to invest right now. It was down to $30K last month which was a good price that those who invested are now earning a big profit.

 

[Hena101]

No it's not always profitable because investing when the price is high can only make you can to lost rather than gain looking at how the volatility of the market.

 

[Richard92]

I'm not going to offer guidance on that. In even the most ideal situation, Bitcoin is staggeringly dangerous and very volatile ... so in the event that you do Invest into it, you should go in hoping to lose every last bit of it.

Yes I believe investing in Bitcoin this season will be profitable because there is an estimated prediction that bitcoin will rise to 50,000 dollars before the end of this year.

 

[Yusuf]

Definitely investing in Bitcoin in the crypto currency exchange Business is not a wrong idea and as at now the price of the coin has doubled to what you even posted

 

[Sincerem]

Now the coin is rising towards reaching $60,000-$70,000 before end of year. Investing now isn't a barrier, rather it can bring you reasonable profit.

 

[Chibson]

In 10 years time from now, people that invested on bitcoin will definitely be rich because the price would have skyrocketed and possibly up to 1 million dollars.

 

[Stylex]

Write your reply... Do you think invest meningitis on bit coin will be profitable
I think I'm not going to offer guidance on what that. In even the ideal condition. But coin is staggeringly dangerous and very volatile.

 

[Snazzy001]

investing in Bitcoin all the time like this is dependent on how patient the person wants to be on how long the person can wait as well

 

[Shigobad2020]

The price of Bitcoin in the market is steady at the level that is nearing $50K which means it is pretty high and probably not good to invest right now. It was down to $30K last month which was a good price that those who invested are now earning a big profit.

This is the right time to invest if you want to invest in any crypto currency coin, bitcoin seems to be the best you can put your money into at the moment, because its around $42,000

 

[greenie]

I will advice that you exercise some patience, the price of btc will definitely drop after which you can buy a good number of btc. Sit back and then watch the growth. It is fast becoming the future currency.

 

[Sotherefore]

Any cryptocurrency will always be profitable but the most important thing is to know the right time to invest , and you also have to understand that other cryptocurrency can be more profitable than others you also have to research to know the best coin to invest.

 

[Shigobad2020]

Investment in crypto currency has always been favourable most especially when you invest in the most popular and the most highest coin in the market at the moment which is bitcoin,