Interested in #Bitcoin #CryptoCurrency #Blockchain
Thinking to invest in Bitcoins:
Before investing your money, please understand the basics.
#Cryptocurrency: It's a digital/virtual currency, controlled by encryption to create monetary units and transfer of funds.
#Bitcoin: It is one of the most popular cryptocurrency.
#Blockchain: It is the technology on which such cryptocurrency is created/existing.
Coming to Investment:
Are you an Investor or a Speculator?
While Investment is long-term, based on fundamental and other factors, Speculation is like Gambling/Betting, based on current trend/hype.
Investing in Bitcoin: It shall be compared to Commodities Trading. You can trade/invest with caution and high-risk.
Safer-bet would be: INVEST IN BLOCKCHAIN Technology (for example: equity in a blockchain tech company), because Bitcoin is just 1 product of this awesome technology. #Blockchain has many more applications than just Cryptocurrency.
Will the #Bitcoinbubble burst soon:
Every bubble bursts, at appropriate time. And 'timing' doesn't have a perfect calculation/formula.
#Bitcoin bubble has grown big, but how big?? Many nations haven't yet tasted well, this Blockchain technology.
Hope I have given a basic idea on the subject.
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6 年Jains are very cunning bastards.That is how they own Jain towers on sarjapur road,Bangalore.
Property & Casualty | Business Analysis | Product Owner
7 年Great share. Here is my perspective in different dimension on this topic. https://youtu.be/LCETYeBjinQ