Ok let’s see, mmm, NO!! I just cannot believe that I keep finding this question everywhere. You definitely should not invest in Bitcoin. You might be asking yourself ..why??... the answer is simple: it’s not an investment; just as gold, stamps, and baseball cards are also not investments. These are all things that people have bought in the past, driving them to crazy prices, not because they did anything useful or produced money or even had social value, but only because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase – which you should never do (you are speculating, darling). This is not a useful activity. You’re playing a psychological battle against other humans with money as the one and only objective. Even if you win money through simple dumb luck, you have lost time, energy, hope, which means you have lost…for good!
I would like to add about the future…I mean, no one even knows what will happen in the future with this crypto currency, No one knows what will become of bitcoin. I some countries they are concern about taxation and the lack of control over it. My money definitely does not like the anonymity. I think it is just a rush, made for dumb people who think they are real traders.
Oh gosh, I have just fell asleep reading your answer mate, yes it is risky, yes it is a bit dodgy, but the returns are out of this world!!
Now what you really need to know...you have to show your ID when you buy it…a great way to let the tax man what you are doing…I have been involved with bitcoin since 2014… please listen to my advice…your money will be elsewhere not back into your pockets…and you would be investigated
Haha, that is what EVERYBODY is asking “How to profit from Bitcoin” Depends. How much profit do you want? 1% 10% 100% 1,000% or more. And how about the risk? Losing 5% 50% 80%. Profiting from Bitcoin is very easy and very hard at the same time. All you need to do is to put your money in when the price is low and the trend of bitcoin is up and…BOOM…like magic $4,000 you put will turn into $9,000 in 1 week. Do that again and you will be millionaire. That sounds reallyyyy good and tempting… and you might think..I have come to the right place!!!” Here comes the hard part. Buy low- sell high really is the key to profit in bitcoin but to TIME THAT, to make sure that happened 100% of the time or even 85% of the time is almost impossible (unless you’re a genius or a god or extremely lucky).
Ookkkeyyy, got it. No bitcoin for me this year then… :)
OMG @Benjamin-Wood you are my hero I have just come accorss this thread and started reading as I am interesting in the whole Bitcoin business mainly because I don't understand it then I read your comment and it all became a lttle clearer I love it
Wow thank you, darling, you flatter one too much! Just on my little soapbox about how I think this "Bitcoin" and "Cryptocurrency" virus, or plague, if you will, is the current scurge of society well, that and Love Island