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Do you think that bitcoin will be a profitable business?

  • Thread starter Thread starter Potuse
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Potuse

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There are a lot of speculation around bitcoin and based on my assertion, bitcoin would definitely be a good investment because it is lucrative to invest in Bitcoin trading. Especially if you can hold bitcoin for a very long time, you will make huge profit.
 
Bitcoin mining in particular has the potential to be a lucrative company. Profitability of the enterprise can be increased by making the appropriate instrument investments and joining a Bitcoin mining pool. However, it's crucial to remember that there are dangers associated with buying cryptocurrencies, such as Bitcoin.
 
I wouldn't call bitcoin a business, however, it is of course a profitable investment. You might be able to make immediate profits because of the volatility of the market, however, in the long run, bitcoin will make you a lot of profits. That's because bitcoin has limited supply and is the most loved crypto project.
 
There is a difference between running a business that you engage in the daily activities of it in order to make profit and investing in Bitcoin. I know that there are some investment that can be regarded as a business especially when you are investing in a company that is having a business activities that they are carrying out but bitcoin investment is totally different from being regarded as a business.
 
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