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Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: Today at 05:16:24 PM »QuoteRe: Are Bitcoins a good investment?Thread has been created 4 years ago, but there's still a question until now regarding Bitcoin being a good investment.
Hmmm, I think it will depend on your decisions. It depends on 2 scenarios.
1. If you risked your money and bought it during the bear market, in a few years, you will make your money hence, you will say that it's a good investment, right?
2. If you followed what some investors are doing which is getting FOMOed and will buy when the price of Bitcoin is already near its peak price, you might experience losses especially when the price goes down a few days to weeks after that hence, you will say that it's a bad investment.
At the end of the day, it will all depends to what we are doing. Some can say it's a good investment. Some will say it's a bad investment. It will depend on their decisions and their experiences.
Everything said here are true, you will have to invest in a right and appropriate manner before you can be able to see more benefits form your investments, but those that lack any knowledge about bitcoin will always give the excuses for making it a better decision for themselves because they lack the understanding of being the main reason for what they are seeing through their investment in the absence of information needed to achieve the required result.