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As a result, this could be a frequently asked question. But, to be honest, I’m not very good at economics. I may read a lot, but a lot of it doesn’t make sense to me, so I abandon it because it “seems too good to be true” or because I don’t understand it and don’t want to chance it. As a result, I went from believing bitcoin was a scam when it was cheap to thinking it was too late when it skyrocketed. Since I didn’t understand it, I figured it was like stocks, where you buy low and sell big, and that it would be too late to get in. Anyway, I was having financial difficulties and used some beermoney methods to help me get some extra cash. Now that I’m sorted, I’m wondering if it would be worth it if I did less beermoney stuff and used that money to invest in bitcoin. If I scale it down, it’s about 100GBP/m, and I see it as money I won’t regret if I lose. Is it still worthwhile for new investors to climb in using a DCA strategy of say $100 per month with bitcoin at $40k? Upvoted by TIA21 commentssharesavehidereport56 percent To leave a comment, please log in or create an account. Please log in. Create an account Sort by the strongest. See what’s going on in 1 other culture.
With all of the recent hype, I’m seeing a lot of posts from people in their 20s and even teenagers talking about investing large amounts of money in crypto. Bear in mind that this is a high-risk situation. That isn’t to suggest you shouldn’t invest any of your hard-earned cash, do your homework, and participate. This culture is incredible, vibrant, and full of opportunities to make a lot of money. However, high-risk investments can never make up the entirety of your portfolio. It should be the tiniest part. Make sure you’re putting money into a Roth IRA, adding to your 401k, and investing in Vanguard funds, among other things. The dull things. The kind of thing that takes a long time to develop. Diversify your whole portfolio rather than just your coins. It’s something I wish I’d taken on when I was much younger. You’ll thank me later, believe me. There are 941 views. 92 percent upvoted by sharesavehidereport This discussion has been closed. There are no new comments or votes that can be made. Sort by the strongest.
Edit3: The title is a stretch, but you should be aware of the following if you want to “invest” in Bitcoin.
⚫ Should i invest in bitcoin reddit 2020
However, while Bitcoin is a fantastic piece of technology, I believe it, like any other technology, will continue to evolve.
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Also, if Bitcoins are to work as a foreign currency, you want them to have a high price. There can only be 21 million Bitcoins in life, which is a small fraction of the total number of dollars. Each Bitcoin would be worth much more than a dollar if Bitcoin grows to the size of the dollar. As a result, having a high Bitcoin value is beneficial if you want it to become “the world currency.” Edit2: If you’re going to downvote, at least clarify why. There are 14 comments. Upvoted by sharesavehidereport33% This discussion has been closed. There are no new comments or votes that can be made. Sort by the strongest.
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Bitcoin Core is available for download.
The Bitcoin network’s backbone is Bitcoin Core. Bitcoin Core is used by almost all Bitcoin wallets in some way. You can support the network by running Bitcoin Core on a reasonably powerful machine that is almost always online. Bitcoin Core can also be used as a very stable Bitcoin wallet.