Bitcoin - Know which sources to trust
Few weeks back, a lot of people were talking about how Bitcoin went down because of China pulling out of ICOs, and everyone was saying that it is the end of the rise in the price of Bitcoin. That was when the price was approximately 243000 INR for 1 BTC. Now, It has hit 3lakh INR. I'm not saying that this proves that Bitcoin is a sure-shot profitable investment, but that it's all about knowing what sources of innformation to trust.
The key to using cryptocurrencies to make money is not to know when to buy and sell. Russia even has Bitcoin ATMs, so the one reason you would want to hold your BTC would be that soon more countries around the world will accept payments through it. So if you invest before that, based on the current progression of the acceptance of Bitcoin, you are bound to make a profit and at the same time even use it practically. So if you want short term profits, it's all about reading the market. In a single day you could make about 10-15% just by day trading cryptocurrencies.
We are a gifted generation to have the opportunity to invest while we can, and make a lot of money on it. So think about it, the more we all encourage cryptocurrency, the faster we can deal with issues like heavy taxation and safety of money. The last thing you want is for another few thousands of your hard earned money to go down the drain because you didn't exchange it for new notes.
Think about it. Spread the word :)
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STOPinteresting read @followsolo, keep them coming :)
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