Prepared for Solomon L. | Delivered November 21, 2019
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To understand whether bitcoin is a profitable investment.
Profitability of Bitcoin
Since it's creation, Bitcoin has been profitable
it has been on the market. Despite its
last year, it has still remained profitable.
The cryptocurrency has had times of
, followed by slow, steady downfall until stabiization throughout its history.
Factors Making Bitcoin Profitable
Since Bitcoin is global, it is not affected by a
's stability or financial situation. It is also
and, therefore not impacted by any governmental control or influence. In fact,
is often seen as beneficial to Bitcoin investors.
Bitcoin is scare with only
. The more it is mined the scarcer it will become, making it even more valuable.
so it is easy to see when new Bitcoin has entered the market and how much is in circulation at all times.
Tips for Investing in Bitcoin
for trading. With the violitility of the crypto market, a crypto exchange can offer experience and specialized knowledge.
Use the conservative strategy of
buying and holding
Bitcoin. Many times it will become more profitable the longer it is held.
Trust and follow
. Rely on the analysis of professionals.
of the investment is top priority. Bitcoins should be stored in a secure Bitcoin wallet.