What does Bitcoin mean to earn money (Bitcoin is profitable)

08/18/2023 04:12 • AI Insights • 61 views

What does it mean to earn Bitcoin? What does it mean to earn Bitcoin? Many people don’t know because the price of digital currency fluctuates greatly. The higher the price, the lower the profit. However, in the long run, can Bitcoin be used as a means of storing value? How should we judge the future trend of Bitcoin in investment?

First, let’s look at the basic situation of Bitcoin: 1. Fundamental analysis; 2. Market trend prediction; 3. Risk preference level.

Generally speaking, Bitcoin belongs to the long-term stable growth trend as an investment asset, mainly for two reasons. Firstly, Bitcoin itself has a certain growth potential, and because of its relative stability, it has gained favor from investors. Another important point is its trading volume and liquidity. If funds are not diversified into other currencies, it is easy to experience a burst. However, in fact, the overall market size is not small at present, and Bitcoin has formed a huge upside potential.

The second question, why is Bitcoin considered a very good choice? After all, it is the best hedging tool for liquidity in the market, rather than a way for speculators to engage in long or short trades. So I think the advantages of making money with Bitcoin are: 1. Effectively solving the problem of inflation; 2. Increasing returns, avoiding losses caused by the economic recession caused by the COVID-19 pandemic; 3. Reducing the role of leverage.

Bitcoin is profitable

In November last year, Bitcoin’s market value reached 5 trillion RMB. By June this year, BTC began to rise, and it has now broken through the $10,000 mark.

These days, the currency circle has become hot again with “digital currency mining”, and many people consider this income as a way to make money. But in fact, the real money makers are those who only know how to do technical analysis. As long as they are willing and don’t understand how to do it, they can make money. “Bitcoin is profitable” refers to this: Bitcoin itself has high investment value and long-term investment potential, and “CryptoKitties” represents the hottest type of game in the blockchain industry.

If stock trading is for making money and not paying for oneself, it is like trading gold or stocks for ordinary people. Because people are now looking for another way to trade their wealth: “Bitcoin is like a virtual commodity; if you want to buy some Bitcoin and then pay interest or other things with Bitcoin… you can also sell many other things.” But that’s not what Bitcoin means. In fact, in the bull market in 2017, only a few thousand yuan could be earned, and these profits were very considerable during the bull market period at the end of 2017. Therefore, it can be said that “Bitcoin has a bright future” and it is profitable. “I think Bitcoin still has great development potential, and there may even be larger-scale applications, such as in the real estate field.”

Bitcoin is the same. It has been rising since the beginning of 2015, with an increase of more than 50% now! According to statistics, from the end of April 2018 to now, the price of Bitcoin has increased by more than 10 times.

However, with the arrival of 2020, there has been a significant fluctuation in prices since the second half of 2019. According to OKEx data, as of the closing price on July 27th, it was about $8,450, which is still down nearly 30% from the historical high of Bitcoin. Although Bitcoin is still relatively cheap at the moment, there may be a callback in the next few quarters. After all, the price trend of Bitcoin in the past month is different from the previous years, so people should not feel that this is too high of a bottom. However, we can see that recently, due to the sharp drop of Bitcoin, some investors have chosen to hold on. In addition, after the halving of Bitcoin, if the market trend of Bitcoin continues to decline, it is expected that the rebound amplitude for this year will further expand.

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What does Bitcoin mean to earn money (Bitcoin is profitable)

Bitcoin is profitable

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