The answer to that question lies in the bigger question: What makes a good investment? is bitcoin a good investment?
There are many factors to a wise investment including:
1. Use of the underlying asset (i.e. oil, gold, silver)
2. Company success (i.e. Apple, Microsoft)
3. Company assets (i.e. General Motors, Honda)
4. Future value (i.e. Google, Tesla)
5. Investor speculation (i.e. trading volume, media attention)
You should research all these factors before investing in any instrument, whether it’s a stock, bond, or cryptocurrency coin.
Now let’s take a close look at what Bitcoin actually is.
Bitcoin is operated by Blockchain technology. To understand Bitcoin, you need to understand the technology a bit to make a sensible choice for your investment strategy. A blockchain is a public database that displays all transactions, with "cryptography" protecting user privacy There are several types of blockchains, and a number of coin types. Hundreds of more coins have been introduced onto the market after Bitcoin was established, many of which are cheaper, faster, and more efficient.
How to Invest in Bitcoin?
Currently, bitcoin is a wild ride, and investors in my investment community are currently on the atomic profit referral plan, in fact in recent investment opportunities I have been able to share with my investment community. majority of my members made a whooping 40% profit this month alone on an investment opportunity that traditionally pays 20%. If by any chance you are interested in being a part of my community and you’re in need of directives and plans send me a message on my telegram chat app my username is @marchainlink01 ( My email is on my telegram bio if you’re unable to directly pm me) I suggest you copy that so as not to make mistakes.
1. Purchasing Bitcoin (Buy and Hold or “Hodl”)
There’s a slang expression on the internet called “hodl” which is an incorrect spelling of “hold”. What it involves is simply buying an investment and holding it long-term in hopes that it will go up.
Investment Size
As with any investment, it is wise to buy as much as you can afford to lose. Cryptocurrency is a very high-risk investment.
Risk Tolerance
Since the risks of losing are so high, advisors recommend investing only what you can afford to lose.
Profit
Profits come from selling when the investment hits a high point. Your estimation of that value will come from your research. See the above section “Is Bitcoin worth investing in for 2020” to review the fundamentals.
Timing
There is no set pattern for cryptocurrency in terms of the economic cycle. The price has been volatile for the last few years and has been inflated due to investor speculation.
Conclusion
For years, many people have been watching Bitcoin and asking if it's still worth it and how to properly invest in bitcoin. All over the internet, there are many expert opinions trying to convince people in both ways, whether it's buying and keeping (or "hodl") or shortening it through CFDs.
The important thing is to do your own research and understand the risks While many famous people on the internet may tell you different stories, the smart investors always advise to never risk more money than you can afford to lose.
