It is already the 21st century and there are many areas where you can invest money and even earn, and cryptocurrency is one of them. "years ago there was a peak of cryptocurrency popularity and everyone wanted to make money right here, so there were great opportunities for everyone, but now when the price is at one place, does it remain the most profitable area, or maybe the funds brought more profit during this time?
Is cryptocurrency the most profitable field at the moment?
- Thread starter deucher
- Start date
One thing in this field I know. As just before 12 years rate of Bitcoin was very low as one can check it's record as in only one dollar we would have to purchase many Bitcoins.
Yes many Bitcoins
Now only one Bitcoin price is nearly $37000 so if I would have to invest in it then where I would be.
Yes many Bitcoins
Now only one Bitcoin price is nearly $37000 so if I would have to invest in it then where I would be.
Cryptocurrency is profitable business option in the online world and the profit is good so most wealthy person invest on cryptocurrencies, but its very hard to say crypto is the most profitable field in the world because if its investment risk.
In my opinion, cryptocurrency is not the most profitable field at the moment, only crypto has very high price volatility and high risk too, so how do investors process crypto to make a profit, many investors also lose from crypto.
In my opinion, crypto is not the most profitable field at the moment, but it is promising for those who have the skills to manage crypto properly and correctly, because many investors are easily influenced by FUD and FOMO news and end up losing money.
Crypto currency is definitely one of the most profitable fields out there but I won't say it's the most. Then again it depends on personal views. There are some who might think this, while there are others who might think otherwise.
Cryptocurrency certainly had its moment of explosive growth, and while the hype has cooled down, it remains a viable investment for some. The market is more stable now, which can mean fewer short-term gains but potentially more steady growth in the long term for those who understand the risks. On the other hand, traditional funds, especially diversified ones, have shown consistent returns over time. It really depends on your risk tolerance and investment goals whether crypto or funds are more profitable for you at this stage.
I think that cryptocurrencies are profitable for people who know how to trade in the market. Unfortunately, not all the people are good at trading.
I won't even fault anyone that believes that crypto is the most profitable investment now. I can't really think of stocks to be even more profitable.
Cryptocurrency investments are very risky investment. This is why a person needs to be careful when it comes to trading in cryptocurrency. Always back test a strategy in a hard manner if you want to trade using a live account.
This year alone, I have made up to 100 dollars from a 20 dollar crypto investment. That's the level of profitability of crypto.
