Is Bitcoin the best investment choice?
To say that the Bitcoin (BTC) is a good option to invest or even say that it is the best option to invest in cryptocurrencies is something complex to ensure, but why? Simply because the Bitcoin has a lot of competition, even the Hive cryptocurrency has risen more than the Bitcoin itself, I would also like to mention that all cryptocurrencies in the market are controlled by the price of Bitcoin (BTC) in an almost exact way, by this I mean that almost all cryptocurrencies replicate almost exactly the trend of Bitcoin (BTC) and that is why they are called "Altcoins".
Is it really profitable to invest in Bitcoin (BTC) today?
This is a question that many of us want to know, but from my professional point of view I think that this is not the best investment in these times where Blockchain technology is advancing faster and faster, why do I say this? Simply because every time better ecosystems are coming out, better dApps that are usually much more secure and stable or that give a higher profit, for example a very famous Blockchain ecosystem is Hive Blockchain or the SOLANA ecosystem.
I would also like to emphasize that there are other cryptocurrencies with much more potential in the future such as the Hive cryptocurrency, I have always liked to invest for the long term and I also like to invest in cryptocurrencies that are worth less than 1 US dollar. Simply because I think they have a lot of potential in the future thanks to the fact that this is a stable ecosystem and that it is totally decentralized and there is a lot of money invested in it. For this reason I think Hive can be a better investment option than Bitcoin (BTC) itself.
Is it a good idea to invest in Bitcoin (BTC) trading?
Bitcoin (BTC) trading is a very complex discipline guys because simply if we do things wrong we can lose our money, for example I want to give as an example to Forex trading, in currency pairs trading more than 90% of traders lose money. When traders lose money most of the time it is because they are simply poorly educated in trading, but from my personal opinion they lose money because trading is something more psychological, if we are not in a good state of health we can not trade in a correct way.
I would like to mention that I have read and researched some things on the internet in which we have good opportunities, I would like to mention that we can count on trading signals or trading algorithms that do a good job and before I say goodbye I would like to say something from a very personal point of view.
If we decide to take trading signals then we can modify them a little to make them more precise, for example, if the signals say to buy at 1 US dollar and close the trade at 1.3 US dollars then we close the trade at 1.2 US dollars and in this way we will have more certainty in our trades.
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From the desk of Carlos Mendoza, all rights reserved. ©
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