Published Jun 17, 2021
2 mins read
463 words
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Are You Investing In Bitcoin🧐🧐 Is It Safe Or Not🤫🤫

Published Jun 17, 2021
2 mins read
463 words

Everyone wants to save their money for future , under this we introduces a new concept of investing. In today's world this investing is generally in bitcoin. Do you know , what is bitcoin? ,Are we really investing in bitcoin or not?, Why we only want to investing in bitcoin , not in any other thing? These are general questions which are not generally known by everyone.

WHAT IS BITCOIN ?

Bitcoin

Bitcoin is a digital wallet , which is used by people to store their money online and get after some commercial activities. Generally , people takes bitcoin as investing , but it is really a investing?  let's see---

BITCOIN IS INVESTING OR NOT ---

Bitcoin is generally used by everyone in today's word for the purpose of investing but by resources I take the information that the fluctuation rate of Bitcoin is very high about 30% fluctuation occurs in a day. There is very less scope of investing in bitcoin because there are huge ups and downs which occurs the problem of huge loss. the amount which we are think that is investing can become zero on the last day ( on which you can withdraw the money).

INVESTMENT I BITCOIN IS A TRAP

SOME PREDICTIONS BY THE BIG-2 INVESTORS AND RICHEST PERSONS---

Highest risk and highest returns                                                                                                                ------  BARRY SILBERT

“It's a mirage…… The idea it has some huge intrinsic value is just a joke”                                          -------- WARREN BUFFET

“Avoid Bitcoin like the Plague” ,Berkshire's Charlie Munger Warns                                                     ---------CHARLIE MUNGER

Why are investors crazy for Bitcoin? What's the base behind it's growth and slump? Is it a virtual scam in bull phase to fizzle out soon?                                                       ----------- RAKESH JHUNJHUNWALA (Tweet)

THERE ARE TWO TYPES OF INVESTMENTS ---

  1. Virtual investment
  2. Actual investment

Here , Bitcoin works as the virtual investment not the actual one.

We should know about some factors which creates a major difference between the virtual ( like bitcoin) and the actual one ---

  1. Predictability - Actual investment increases but bitcoin decreases.
  2. Virtual and Actual - Bitcoin is virtual and Debt fund , Equity fund , Gold , Share , Property , FD , PPF……etcetera are actual.
  3. Virtual- Fast and unpredictable   and   Actual - Lazy and slow but predictable.
  4. Bitcoin(virtual) - Gambling , new concept , limited track, Low credibility , discouraged by govt.          and             Actual - Calculated , Planning , Old concept , Detailed track , Higher credibility , Tax benefitted , Encouraged by govt.
  5. Problems and solutions – Problems can be majorly occurs in Bitcoin but the solutions mainly in actual.  Like-- the problems- Black  marketing , Money laundering ,Hackers , Terrorist , Illegal activities ,Tax evasion             and the solutions because of Govt. regulations and Govt. monitoring in actual.

Thus , these are my views for bitcoin , if you are agree with this , then give a approval in comment , if not give your reason in comments.

           THANK YOU

27
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