How do you make a profit from Bitcoin?
The same way with any other investment. You can either day trade bitcoins or buy them as a long term investment. Doing the former requires sufficient funds to do it to be profitable enough as you need to keep a margin on the exchange. The latter might seem risky at the moment. It means that you buy some bitcoins and waiting for them to appreciate enough in the next 5–10 years.
What are the odds, you will end up with at least 10x your investment in 10 years?- Pretty solid, given the fact that bitcoin is capped at 21 M supply. Some people might argue it is just another bubble- well, it looks like a bubble, behaves like a bubble, but what isn’t a bubble nowadays? Internet was a bubble that bursted as well. Some people lost some money, some companies died, others thrived. IMO, the main crypto assets at the moment will survive the burst as long as they can keep up with the innovation rates unlike some start ups from the dot.com era.
At the moment we are somewhere between the early adopters and the early majority.
Also we are at the very peak of the blockchain hype. Once that period is over the real adoption and new regulations will emerge.
Make an educated choice when it comes to investment and never lose more than you can afford!
Disclaimer: Seek professional advice and do due diligence. You should never invest more than you are comfortable to lose
nice post! i upvoted you!
for all steemians on this post......... follow me and i follow you bros! :D
Follow Me : https://steemit.com/@cryptonews24
It has always been called the bubble, but the crypto age has come to stay, just like you rightly pointed out, as long as these assets keeps being innovative, it has got a long haul...
The core advice is always invest what you can afford to lose, most of the time the early adopters stand to reap the fruits much more atleast where I am from that is usually the case..
I am glad it is happening in my generation and I am going to ride the wave...
yeah it's a never ending roller coaster.