Is Bitcoin Still Good to Make Investment in it?

I, for one, am not an adept of mindlessly holding bitcoin, hoping for the best.

Yes, I do have faith in btc but not 100% so I'm considering multiple scenarios, even the ones where it goes poof. So I decided to take the matter a little bit more seriously and I'm day trading it. Risky as hell so if you're not used to lose, sometimes a lot, stay as far away from it as possible.

@bitmagura said in Is Bitcoin Still Good to Make Investment in it?:

I, for one, am not an adept of mindlessly holding bitcoin, hoping for the best.

Yes, I do have faith in btc but not 100% so I'm considering multiple scenarios, even the ones where it goes poof. So I decided to take the matter a little bit more seriously and I'm day trading it. Risky as hell so if you're not used to lose, sometimes a lot, stay as far away from it as possible.

Day trading BTC might be your best bet just because of the predictable volume.

Day trading can be risky, but you can also lose a lot by making poor initial investments and holding throughout incremental drops.

I liken day trading to a casino, where you can win and feel good in the short-term, but if you play long enough, you'll eventually get burnt and walk away with nothing. How has your experience been thus far?

@shanzida said in Is Bitcoin Still Good to Make Investment in it?:

opinion

Yes, it is. Now is actually a great time to invest in Bitcoins because the coin is stable with almost no fluctuation, so you don’t have to worry about making a bad investment.