Is bitcoin a good investment?

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Is bitcoin a good investment?

Bitcoin is good investment because it’s the currency of future which is better and faster in transactions than local currencies.

Should I buy bitcoin?

You want to invest in it — and you understand the risks.

  • You want to send money or make purchases with it.
  • You like the philosophy behind a decentralized currency.

    • Where can you buy Bitcoin with credit cards?

    Buy Bitcoins With Credit Card at Cubits. Cubits is an all-inclusive platform to buy, sell and accept bitcoin, focused mainly on European users. But also users from other countries can buy bitcoins (Brazil, Japan, Korea, Mexico, New Zealand, Singapore, and South Africa), but not users from the USA.

    How to invest in Bitcoin?

    Join a Bitcoin Exchange. First,you’ll need to determine where you want to make a Bitcoin purchase. Most Bitcoin investors use cryptocurrency exchanges.

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  • Get a Bitcoin Wallet. When you purchase a coin,it’s stored in a “wallet,” which is where all your cryptocurrency is stored.
  • Connect Your Wallet to a Bank Account. When you’ve obtained your wallet,you’ll need to link it to your bank account.
  • Place Your Bitcoin Order. Now you’re ready to purchase Bitcoin. Your cryptocurrency exchange will have everything you need to buy.
  • Manage Your Bitcoin Investments. Your cryptocurrency exchange will provide you with everything you need to buy and sell coins. Is Bitcoin a Good Investment?

    • However, Bitcoin is not an asset like any other. Even with a price above $30K, Bitcoin remains the most undervalued asset in the world relative to its fundamentals. The fundamentals of Bitcoin remain the same, and in a world as uncertain as ours, they make Bitcoin a formidable hedge against uncertainty.

    Is there a risk of a bitcoin price retracement?

    The risk of a retracement up to $20K does exist as I recently wrote here: “ Bitcoin’s Bull Run Is Not Over Yet, but All Will Depend on the $29K Zone Now ”. However, I continue to buy Bitcoin. Just as I was buying Bitcoin in March 2020 when its price dropped to $3.8K, I am buying Bitcoin today when its price is $30.3K.

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    Will the price of bitcoin drop below $10K again?

    I think that the price of Bitcoin will not drop below $10K again, but we are never safe from a “Black Swan” event like the coronavirus pandemic that hit the world in March 2020. As for the other questions, you might think that since you’re wondering, it’s too late to buy Bitcoin. If you stick to the rules of the stock market, that’s what it says.

    Should I Hodl bitcoin in 2021?

    You will buy Bitcoin again next month when its price has dropped to around $20K. Don’t panic. You continue to HODL no matter what. The next month the price of Bitcoin rebounds to $26K, you continue to buy and HODL Bitcoin. You continue like this throughout 2021.

    https://www.youtube.com/watch?v=fekyM72lna4