Are Bitcoins a Good Investment?


Is bitcoin a good investment 2020? What is the bitcoin investment strategy and plan? Is the performance of cryptocurrency good for investing into it?

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cryptic 4 months 1 Answer 66 views 0

Answer ( 1 )

  1. “The overwhelming performance of bitcoin — as a currency and investment — has attracted traditional and institutional investors alike. Bitcoin as an investment tool provides you with the following advantages over traditional investments.
    Liquidity: ue to its worldwide establishment of trading platforms, exchanges and online brokerages, is arguably, one of the most liquid investment assets. It is also easy to trade Bitcoin for assets like Gold instantly with incredibly low fees or for cash.
    Lower inflation risk: Unlike world currencies — which are regulated by their governments — bitcoin is immune to inflation. The blockchain system is infinite and there’s no need to worry about your cryptos losing their value.
    New opportunities: Bitcoin and cryptocurrency trading is relatively young — new coins are becoming mainstream on a daily basis. This newness brings unpredictable swings in price and volatility, which may create opportunities for massive gains.
    Minimalist trading: Stock trading requires you to hold a certificate or license. You must also go through a broker to trade a company’s shares. Bitcoin trading, however, is minimalist: simply buy or sell bitcoin from exchanges and place them in your wallet. “

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