Is investing way of making money ?

[woodyMoney]

Guys what do you think in investing in cryptocurrencies such as Bitcoin ₿ or Ethereum⬨ ? Are they worth it ?

As you can see in this picture. Only for a week Bitcoin ₿ has risen up so much. Will it go more ?

 

 

 

Let's look Ethereum⬨ now. They look alike. What if you guys had 1,000$ that's must be a lot of profit. What about 10,000$ , 20,000$? 

Tell me do you think it's a good time now ?
I am waiting for good suggestions. Thanks in advance

-Woody

[ninsmaster]

yes its really worth investing in crypto especially this moment because the price much higher compare before. If you have extra money, you should try it to see the real benefits. 

[woodyMoney]

@ninsmaster Thank you for the suggestion, I would try it definitely 

[wesamadf]

now is a good time in my opinion esp. after happiness index risen bcs of corona vaccine and new year is around the corner every asset almost is going up .

[woodyMoney]

thank you @wesamadf😊

[e_abrams]

If one does know how and when to invest, sure, it's a good way to profit. If not...well, nothing good comes of that.

[dougyd]

It's impossible to say whether it will go up or down. Crypto is interesting because it is a relatively new type of asset so there's not as much historical data. For example, looking back at the US stock market, it doesn't really matter if you buy high or low, since (historically) it always goes up. For crypto, we just don't know. They could continue rising and become the only currency in the future, or they could become completely worthless. Or somewhere in between.

Personally, I think the value of crypto will decline once the pandemic clears and the world returns to "normal". People like crypto for the same reason they like gold, as a store of value in times of economic uncertainty. That's why it's been on the rise recently.

[e_abrams]

I wouldn't call it impossible. Technical analysis still applies, with varied success.

[Rabbi]

Now's the best time to invest. Just make sure you know what you're getting yourself into since investing still comes with risks.

[e_abrams]

Personally, I like Ethereum. I just hope it doesn't end up like Ripple.

[rahat420]

buddy in next 5-6 year in future ppl think  that maybe that time if im investing in btc or eth then i'll be rich now ..thats why its  1 in a lifetime golden  oppurtunity to investing 

[e_abrams]

So which major crypto would you say is good to invest in currently then?

[Dan]

The only real tangible value to crypto is the fact that it has a limited supply. Most of the other factors that were promoted by the use of the currency have since really been abolished.

As long as you are capable of selling someone else your bitcoin at a higher value than you sold it, then yeh its a profitable investment. I personally however would prefer to invest in something a bit more substantial like a company in the share market. 

[Dave1280]

Looking at alts.. Eth (if you still want to class it as an alt) and Dot are my calls for 2021. low market cap.. Xio

[e_abrams]

I agree, Ethereum does seem to be the next best thing after Bitcoin.

[MeshTV]

User demand drives the price for a lot of good in an economy durable or non durable, so seeing as users drove the price of cryptocurrency up shouldn't be a surprise. 

[e_abrams]

That was pretty well-illustrated with Dogecoin recently, I think.

[LyricalLandon]

Yeah bro investing is a great way to make money

[Turnip]

I think considering crypto as a long term investement could be worth it, much better than anything a traditional bank can offer. Stick to well-established coin (Bitcoin isn't going anywhere anytime soon), and you can make a decent chunk of money in a few years, with little. Just don't spend your time looking at charts, buy a bit right now or regularly like every week or so, and check back every few months.

 

[e_abrams]

Hopefully one does not invest at a peak right before a long-term correction.

[e_abrams]

Case in point - Whale addresses containing bitcoin digital coins have now reached a never-before-seen level. There are more than 94,000 BTC addresses that are holding at least $1 million worth of bitcoin tokens. This is a significant and noticeable jump in big fish addresses since the start of the year. This Thursday Bitcoin reached a record high price of $52.500.

Source: https://theforexreview.com/2021/02/19/bitcoin-millionaire-addresses-at-an-all-time-high-at-94-000/

Currently BTC is over $54,000 and in it remains bullish. I think that pretty much answers the question whether investing leads to profits. If one has managed to buy it when it was low and hodled until now, they've become rich.

[Cake1999]

I'd say XRP and LTC would be a profitable investment for the future.

[andy20]

its up to the investors...but for me i think no better to keep your money in a bank for safety

[Nope]

Look at market caps over price of coin. That will give you a good idea of which to invest in 

[yannilhet]

Definitely worth it esp when you invested right before the bull run