Do you recommend someone to invest in the bitcoin?

[Stardom22]

With the situation the way it is for the bitcoin price and the behaviour of the market trends the way it moves the cryptocurrency as a whole, can you really advise someone to invest in the bitcoin?

 

[Augusta]

Yes, it is a good investment there's nothing wrong with that. Or you just buy and hold for a while to profit from it when you sell

 

[AruneBend]

Bitcoin has been here for a very long time and people still make something out of it so I think it is good invesment but you need a right time

 

[Fidelia]

I would confidently tell someone to invest in bitcoin but I would get careful enough to tell him or her of the risks involved bv

 

[King Belieal]

I would advise someone again and again to invest in bitcoin. So many people have turned millionaires in the last bull run. That's enough evidence for someone to want to invest in bitcoin.

 

[Suba]

Of course, I cannot recommend investing in Bitcoin to everyone, especially investors who have a conservative or very conservative risk profile will certainly not be suitable for their investment portfolio.

 

[Augusta]

Yes this is a good business model. You can simply buy and store when the price is low to sell when it is higher.

 

[riberet19]

Before investing in Bitcoin you must know well what the project began for and what its objective was, read the whitepaper and understand very well how the protocol works, otherwise, I will not advise investing.

 

[Sanjeev]

I don't invest in crypto currency due to the risk involved so I don't recommend someone to invest in it.

 

[kerryjoy]

Yes, it's a good investment with no downside. Alternatively, you can buy and hold for a while to profit when you sell.

 

[riberet19]

Yes, it's a good investment with no downside. Alternatively, you can buy and hold for a while to profit when you sell.

Have you ever invested in Bitcoin? How can you say that it has no drawbacks?

 

[Nomad]

I can of course recommend people to invest in bitcoin but I will ask them to evaluate their risk tolerance level

 

[mrki444]

I would recomend but only money he can afford to lose. Don't touch savings or any money you think you would need it in future.

 

[magnus2022]

With the situation the way it is for the bitcoin price and the behaviour of the market trends the way it moves the cryptocurrency as a whole, can you really advise someone to invest in the bitcoin?

I will never advise anyone to invest in cryptocurrency to talk more of bitcoin. Bitcoin as other cryptocurrency is very volatile and unstable. Cryptocurrency can be likened to gambling. It is an investment someone should enter on his own decision.

 

[riberet19]

Investing in Bitcoin is not gambling, it is gambling when you don't know what you are investing in, if you are investing in shitcoins, that is gambling.