Is it worth doing bitcoin business now?

Discussion in 'Off Topic Chat' started by Lucifer656, Oct 6, 2020.

  1. Lucifer656

    Lucifer656 New Member

    With this coronavirus situation.
     
  2. Albert122

    Albert122 New Member

    I think this is still relevant. This way you can give it a lot of time
     
  3. afsaucee

    afsaucee New Member

    risky, but u can try it.
     
  4. Sye_The-Vie

    Sye_The-Vie Well-Known Member VANGUARD

    Profitable yes, but cost of every thing from hardware preps and electricity? there are more losses than gains
    And bitcoin prices have just gone down again :mad_::mad_::mad_::mad_:
     
    Bobiebollo likes this.
  5. kostarok

    kostarok New Member

    Recently, the bitcoin rate has just impressed me. more than 20 thousand dollars! I wonder who will buy bitcoin for this price?
     
  6. -Mr.Nobody-

    -Mr.Nobody- Active Member

    elo
    hit the spot, elon musk mention about dodge on twitter and probably u guys know that already.atm dodge around 50 cent. its good to put money on it. 10 years from now cyrpto predicted will be major trading transaction and one of them will be dodge
     
    Last edited by a moderator: Feb 16, 2021
  7. -Mr.Nobody-

    -Mr.Nobody- Active Member

    thumbs up !
    thanks for the info mate.
     
  8. you'll never know for sure
     
  9. -Mr.Nobody-

    -Mr.Nobody- Active Member

    but you will know when to sell it :D
     
  10. I'm not passing judgement on Bitcoin in any way, but your flippant response doesn't support your case.
    When you "zoom out" and look at the past of bitcoin, you'll find that the last time it rose so fast, it collapsed almost instantly. You can't look at a "long term pattern" of something that hasn't been around for very long, let alone something entirely new with no real analogue. I also take advice from a business expert before investing in Bitcoin. You can't equate this to anything like the S&P 500, or even commodities like gold or currencies. For bitcoin, looking at patterns is futile.
     
    Last edited by a moderator: Apr 9, 2021
    -Mr.Nobody- and FiszPL like this.
  11. CeruleanVale

    CeruleanVale New Member

    Well it's risky but i think you need to do an in-depth assessment and research on this one because we're talking about money here. So it would be nice if you're knowledgeable about it not just the process but also the pros and the cons. Stay safe everyone!
     
  12. InuToshi

    InuToshi New Member

    Bitcoin should be treated as a high risk investment. It is extremely volatile. But one thing to minimize the risk is to buy it at low price and sell it at a higher price.
     
  13. Wickedfairy29

    Wickedfairy29 New Member

    Bitcoin is the best performing asset as of the meantime, however, it is too risky, volatile and has a limited use only. If I will invest my money, then maybe I should need first to do more research about it and study all the disadvantages as well for me to be prepared if something not good to happen.
     
  14. CharlieWex

    CharlieWex New Member

    It's the kind of business it's never too late to get into. Look at the rise of bitcoin.You will earn a percentage, I recommend you think about it. The bottom line is that you have nothing to lose if you start buying even now. No one knows up to what point it will develop. That's the upside as well as the downside. I think you should start getting information in this direction if you want to invest. I personally also thought for a long time in 2015 whether to start investing in cryptocurrency. I want to tell you that at the beginning I was very disappointed in cryptocurrency, but I want to tell you that it is a long-term investment and you should not expect quick profits. You just need as always to think about the security of your transactions. I often use crypto mixer to have peace of mind about my cryptocurrencies. I can recommend from me https://bitmix.biz/en. This service will honestly be quite useful to you. Maybe not at the initial stage, but it will be quite useful in the future.
     
    Last edited: Apr 21, 2021
  15. Exotic_Seal

    Exotic_Seal Member

    I would say its a little risky, but if you do risk there will be a chance of getting a reward back. So if you want to risk some money go ahead try it, just before you do it just study bitcoin for a little.
     
  16. alangrin55

    alangrin55 Active Member

    yes i read it is still profitable! I heard BTC will increase this year again. As for me investing in crypto is quite riskie too. I found bitcoin ad networks where I can find the most relevant crypto audience. It's perfect platform for advertising crypto business these days.
     
    Last edited: Apr 23, 2021
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