Is it still profitable?

09-06-2020, 03:51 PM

Gay Wrote: investing into the BTC market is $$$$.. buy one btc when it goes low for $5K-$7k and then resell when it hits $10K+..
right now 1 BTC is around $9.6K soooo.. ez profit JUST TAKES A SHIT TON OF WAITING FOR THE PRICES TO RISE..

In terms of investing, it really is exactly like any other stock really.
Buy when low,sell when high.
High risk,high reward.

But in my opinion,I would opt out of bitcoin trading.It's unpredictable generally,you can't possibly know which factors will influence it necessarily and to be honest,most people can't grasp trading with non material currencies.
And don't get me started on how easily it is to get scammed or how hard it is to handle the bitcoin tools.

I would prefer to trade stuff like company stocks or oil,which is a hot topic during Covid