Ripple Price Analysis

quora bitcoin trading

Should I invest in Bitcoin? Will Bitcoin become a long-term trusted store of value? Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.

That is over x the price of where BTC is today. If BTC does not become a long-term trusted store of value, its likely price will be close to zero unless it becomes a "cool" collectible It is still very risky but professional investors should invest some small portion of their portfolio in this case. If you think BTC has a 0. Like all stores of value and collectibles, Bitcoin is a religion. It is like gold or a Rembrandt painting And like all religions, Bitcoin has evangelists and early disciples.

The savior, Satoshi Nakamoto , is unknown and potentially not alive anymore. If Satoshi Nakamoto eventually becomes known, it will make it harder for Bitcoin to become a true religion and this harder to become a long-term store of value. Early bitcoin disciples and enthusiasts are super smart, great at marketing, and mostly were already very wealthy before bitcoin.

There are about people that were very early public Bitcoin backers These people are incredible connected, smart, media savvy, good at PR, and tapped into the world of finance some run large financial institutions.

They are "rebels" in a sense but they are also very much part of the establishment. They have the ability to help get Bitcoin to go mainstream. I'm not going to give advice on that. In even the best-case scenario, Bitcoin is incredibly risky This question originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.

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quora bitcoin trading

Testimonials

Bitcoin trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins. The media attention causes more to become interested, and the price rises until the hype fades. Because Bitcoin is global and easy to send anywhere, trading bitcoin is simple. Compared to other financial instruments, Bitcoin trading has very little barrier to entry. If you already own bitcoins, you can start trading almost instantly. If you are interested in trading Bitcoin then there are many online trading companies offering this product usually as a contract for difference or CFD. Avatrade offers 20 to 1 leverage and good trading conditions on its Bitcoin CFD trading program.

Why Trade Bitcoin?

Dude, your 4 is exactly what Goldman-Sachs said about real estate derivatives. Actually money supply should ideally match total demand for money. Not only that, these exchanges are currently not reporting suspicious activities to any government agency. HN goes in cycles. And somebody who has not yet commented on bitcoins. Your money is safe and secure. The service I received was highly professional and the constant communication is encouraging because it makes me feel at home and builds my trust in JP Markets as a company. If the bitciin turns out to be flawed, yes, it will collapse totally. I think your reasoning about 4 is wrong. No, you just misunderstand the actual statements.

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