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Should i invest in bitcoin?

Prajjwal Kaushik (Finance Professional) (6216 Points)

18 December 2017

With all the fuss around Bitcoin and it's rising pricing. What's your take on investing in bitcoins?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 December 2017

Dear.,
MONEY IS ALWAYS ULTIMATE...
IN CURRENT SCENARIO ITS GOING RAISE...

BUT, IN FUTURE...?!
WAIT AND SEE.....

Prajjwal Kaushik (Finance Professional) (6216 Points)
Replied 19 December 2017

that's the case with everything else too. anything which is scarce is going to be priced high

sandra james (Human Resources) (26 Points)
Replied 11 June 2018

I think bitcoins are elements of fraud and I encourage not use it.

Namita Patel (Stock and commodity market adviser) (43 Points)
Replied 19 September 2018

Bitcoin is still not a legal tender in many countries and the fluctuations are very high. These factors makes it very risky. You can trade on stock and commodity market with low risk and good profit if everything goes well.

PurpleHatCreator (dsa) (22 Points)
Replied 23 November 2018

In general, you can not worry about the choice of cryptocurrency. I use bitcoin tumbler and keep everything

Prachi Bansal (3124 Points)
Replied 22 May 2021

Investing in Bitcoins is a very tricky business. You may either gain excessive profit or you may incur huge losses and lose all the money you had invested. Only if you have enough knowledge about Bitcoin should you invest in it.

Some people make the mistake and just invest in it because there's a huge hype about Bitcoin. You should be wise enough and take a good decision