I can't agree that investing in bitcoin can be safe, even you perceive cryptocurrencies as a mean of payment. I will try to explain in detail. If currency is the mean of payment, thats mean that currency holders have a protected rights to use currency to buy goods and these is guaranteed. For example, the US government guarantees that for dollars you can always buy something in the United States. The EU government grants that for the euro you can always buy goods on the territory of the European Union. But no one guarantees that you can buy something for bitcoins. Bitcoin has value only as long as it is in demand. If there is no demand, Bitcoin will cost zero. So Bitcoin, like any asset, has risks.You can consider bitcoin as a means of payment or as an asset. What you mean by security depends on this. If you consider Bitcoin as an asset, then investing in it cannot be 100% safe. Like any other asset, bitcoin is subject to price fluctuations and may lose value. Therefore, it cannot be bought solely for the purpose of speculative earnings. More precisely, you can, but you must take into account that you can lose money with price volatility. So, bitcoin, like any other asset, is not guaranteed to be safe, especially given the situation in the cryptocurrency market.
If you consider Bitcoin as a means of payment or as a low-profit investment (with the goal of simply saving funds), then Bitcoin is quite safe. Losing 10-15% of the cost is normal for any currency, so if you have no goal of earning money on speculation with bitcoin, then this makes sense.
Father, Trade2Win as usual is asleep at the wheel, every single one of them. They do what they've been doing for centuries - when a market is in free fall, they extrapolate that to infinity, thinking it will never end. They becomes so numb they can't get on alert
Bitcoin is just a hair away from a super important level. It got to within a hair or 2 of this level and got scared & jumped. There was a vibration. The level is the 61.8% replacement level of the rally from December 2018.
It goes by the name Golden Ratio = 61.8%.
Fibo has his guns oiled and cleaned and ready to go LONG. If she so much as twitches and shows like she wants to go north to the movies, Fibo is going to grab her bum, fondle it and go LONG.
No guarantees but its a challenge. This is the type of trade I love. Nobody is expecting it as its in free fall.
Its on my watch now. Failure to rally at 61.8% means we are going down about a centimeter lower to yet another key level.
Timing is everything - Bitcoin, tell me when you will be mine, tell me cuando, cuando, cuando, we will share a love divine ....
Bitcoin is an investment with a lot of risk and a lot of volatility.
Investing is perhaps not very safe for some
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