Investing in Bitcoin is the most discussed topic. It makes no big difference investing between Bitcoin and stocks except that Bitcoin and cryptocurrencies are far more volatile than stocks.
Top 5 Bitcoin investors are: Barry Silbert, Dan Morehead, Tyler and Cameron Winklevoss, Michael Novogratz, and Digital Asset Holdings.
Erik Finman, says he’s the youngest person to become a bitcoin millionaire. In the past eight years, he’s grown his bitcoin holdings from about 100 (worth $1,000 in 2011) to nearly 450 (worth about $4.5 million in 2019).
Top 10 Bitcoin investing sites are: Coinbase, Gemini, BlockFi, Robinhood, eToro, Bitcoin IRA, HitBTC, Binance, Kraken.com, Coinmama.com.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) regardless of the masses believing or adopting it or not is here to stay. For those who believe and know how to work around it, it is a happening thing.”
Bitcoin is considered by many to be the most risky investment. It is not practical to invest more than one can afford to lose. Being highly volatile, these assets tend to provide a greater potential for return and there is also a huge potential for incredible loss.
Those who are doing all the arguing about supporting or not supporting Bitcoin are making their statements understanding that it is the risky investment arena. However, the profit potential makes it worth the risk.
Worthy to recollect Grant Sabatier, Bitcoin Millionaire pointing to how Whether it is about 22 year olds or those who are trying to invest their life time savings, despite all the hype and volatility of the BTC, it is important to know that it is not possible to actually value the Bitcoin.
Grant also stated that there may not be any value to Bitcoin and the only value it has is the technology that backs it. Also, it is important to remember that Bitcoin still is not that secure that that cryptocurrency exchanges and wallets get hacked regularly.
Anyone who is trying to invest in Bitcoin should buy responsibly.
At least for those who are in the investing sphere or those who are prospecting to invest, BTC is already well known. They see it make it to the headlines often.
Volatility has caused the rise and fall or Bitcoin to the highest highs ever and the worse lows ever. Despite knowing all these, investors are willing to wet their hands in Bitcoin considering its profit potential.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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