For many, one of the best-known and most attractive aspects of bitcoin is the price, but most traders quickly find out that the price is more difficult to predict than expected. A better way to wealth is therefore perhaps to simply buy some bitcoin (s) and then put your time into contributing to the development of bitcoin. So, bitcoin developer!
Acting is not for everyone
Bitcoin has been known as an enormously volatile investment for as long as it exists. Bitcoin is and will therefore always remain interesting as a trade product. Periods of euphoria that go along with daily news headlines about the new heights that have reached the price of bitcoin sometimes make it seem as if bitcoin is a constantly increasing good. Over the long term, bitcoin has been a successful investment to say the least, but who expects to take advantage of it in the short term can burn his fingers.
Part of the growth of bitcoin is an adventure in itself, driven by technological innovation and ideological ideas, but bitcoin will not make everyone millionaire every day. As we have seen in the past: if you step in at the wrong time, without the determination to hold the investment for possibly many years and the sound understanding of bitcoin as an investment, that can turn out negative. Therefore, trading is not for everyone. Of course, the course remains interesting.
Looking further than the course changes how you look at the course
Fortunately, there is much more to experience than the sensation of price rises and price falls, but for that it is necessary to look a bit deeper at what bitcoin brings us. Understanding what you invest in is perhaps the most valuable tip; Only then do you know where you start. When you take the time to read about what bitcoin is, how it works, and how it can develop its potential in the future, it will become clear that bitcoin is not simply an investment: it is a movement and a new way from looking at how we deal with money and trust. A better way to wealth is therefore perhaps simply to purchase some bitcoin (s) and then invest time in contributing to the development of bitcoin.
When you crawl in this movement, your image of bitcoin changes from 'nerdy digital e-money' as a money tree to means of payment that has the potential to change the world and to blur boundaries. Just like the internet has done, bitcoin has the chance to make the world a lot smaller. Only when you start to see the implications of the technology can you form a good picture of bitcoin as an investment. When you do this, it may well be that you realize that investing in bitcoin is secondary. Primary is the use of bitcoin as global, confidential and decentralized payment method. And who knows, perhaps you decide with this newly-found insight to contribute to the development of the protocol and the infrastructure around it.
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