Is investing in Bitcoin a good idea?

[Rimsha kanwal]

You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit. Digital currencies may also be a long-term investment due to their high market demand.

Post automatically merged: Jan 17, 2021

You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit. Digital currencies may also be a long-term investment due to their high market demand.

Though it is still good to invest in Bitcoin but it seems too late to do so in my own perspective. It is better to look for another cryptocurency that has high potential and a good prospect and invest in them. Examples of such coin is Tron. Tron is gaining more popularity these days. Things happen in this way, there may be more demand for the coin and this can drive the Price higher.

 

[Taimoor Jutt]

Yes you should invest it into bitcoin it will give you profit. And this is the time to buy bitcoin . Everyone is using bitcoin to getting profit so go ahead . Some other crypto currencies are in the market as well.

 

[Patrik]

Currently? I don't think it is by any meaning, bitcoin is probably on its most unstable period ever, hovering around 33.000 and 40.000, so taking a choice or decision based on that is kind of hard, maybe other currencies yes

 

[Lagazine]

Investing in Bitcoin is a great idea. I love the coin because it's always the king of all crypto currency. It will surely invest over and over again. I can't dispute the fact that Bitcoin will always continue to appreciate in value. I have my interest in Bitcoin related coin as well. I've invested in Etherium, Bitcoin cash and Stellar Lumens.

 

[Seun4luv]

You can easily trade Bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with Bitcoin makes it a great investment vessel if you're looking for short-term profit. Digital currencies may also be a long-term investment due to their high market demand.

 

[tuna89]

A great idea, before any steps, do make sure to learn some basics of crypto, the factors responsible for the value changes/rise and fall in the values, how the exchanges function, do make sure to invest a substantial amount, explore other crypto as well, it is always good when you invest when the prices fall.

 

[Trojan8]

Maybe at the time you made this post but currently it is a bad idea. The price of bitcoin is way to over priced for me to advice anyone to invest in it. There are other stable coins that would give you good returns with lower risk.

 

[Oliver 20]

Yes, investing in Bitcoin is a good idea because it is the perfect financial instrument that provides you with outstanding returns as well as well-deserveddiversification. Whether you will invest in it or not depends upon your appetite for risk.

 

[Ralphjoe]

Investing in Bitcoin is a good decision based on how the Cryptocurrency has been increasing in value overtime. Bitcoin is all investor's best Cryptocurrency to invest on due to it's volatile nature. The price can rise astronomically and in that process make huge profit.

 

[Pirate]

I think investing in Bitcoin is a good idea. Since November 2020 Bitcoin has been steadily rising and it seems like the only way for it to go is up.
In 2010, no one would have believed that Bitcoin will hit $30,000 but it did. But the problem with people is patience, I don't think a lot of people have the patience to wait for long term investments.

 

[Goodday]

I'm really undecided and i appeal at your opinion... with this pandemic season , is a good ideea to invest in bitcoin or is it a waste of time ?

What do you think ?

I think it is a good idea to invest in bitcoin in this COVID-19 pandemic period. The pandemic really boost the usage of the crypto currencies globally and now the crypto community is more accepted than before by many individuals and organizations.

 

[Damscooguns73]

Concerning If bitcoin is a good investment. Well, I believe it is a good investment to venture in we are in a digital work and it has gone digital make its name all over the world. It rating is volatile but we notice impressive rise each time, so I think investors should watch out out and invest in it

 

[Richard92]

Investing in Bitcoin is a very good idea for everyone who is into investment right now, because of the fast growth and lucative Bitcon has become these days, even multi national companies are now investing in crytocurenccy, Bitcoin is the future of electronic money for the world .

 

[Peppul]

Bitcoin is the new gold in town now, it's the best investment one can engàg in right now, as at now bitcoin keeps climbing up and investors are making lots of returns from the rise of bitcoin. So if you have enough money and you looking for investment where you will easily get returns I believe investing in bitcoin is the right choice right now.

 

[Khezo]

Of course its a good thing to invest into the crypto business especially bitcoin which is going higher by the day. But if you want to buy this is the best time to as bitcoin as dropped a little

 

[shakky2]

investing in bitcoin could be a good idea depending on the present flunctuation of the bitcoin if it's currently high or low but one has to take note of when to invest in order to avoid loss.also the duration of investment can also determine the outcome of the end result

 

[Sotherefore]

yes. Its a good investment because the world is going digital and has also gone digital. So also with our currencies. Its worth investing in

in as much as investing in bitcoins is a good investment but yet still I do not really advise people to invest only on bitcoins because there are a lot of other cryptocurrencies that has the potential of being valuable in the future if you are really want invest in cryptocurrency do not consider only bitcoins consider another one like ripple ethereum and so on, those are cryptocurrencies with high potential of becoming valuable.

 

[Chumzy]

Bitcoin is a very good investment, if you are looking to put money into crypto currency. The value has been in a positive trend for years and even when it fell to 8k dollars, it bounced back. Today it is worth over 36000 dollars, projected to hit 40000 by February and 150k in August.

 

[shakky2]

investing in bitcoin may be a good or bad idea depending on the availability of fund and the duration of time in which the money is to be invested.investing in bitcoin will also be a good idea since it's the world recognised coin and eventhough it falls it Will eventually rise within some periods

 

[ranaabubakar263]

It is not a bad idea. But sometimes it could be a bad or a good idea but this depends on multiple factors.It's a very good idea to invest in Bitcoin, but make sure you have a very good knowledge about when to either buy or sell. First you research it deeply then invest.