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There will never be such a good time to step into Bitcoin as before 2014. Yet there are still many people who see a future in Bitcoin. The price has been slowly rising again in recent years and Bitcoin is still seen as digital gold. This is mainly because there is a limited supply of Bitcoin. Up to 21 million Bitcoin will come into circulation. Since the price is quite unpredictable, it will also be difficult to speculate when is the best time to buy Bitcoin. It is always best to buy Bitcoins when the price is low. But in the end it is always speculation about the course of the price, and you can only decide whether you think the price will fall or rise in the near future. However, the volatility of the price makes speculation difficult. On the right you see the Bitcoin price of the past three years. While there are major peaks and troughs, it reached $ 15,000 in 2017, and $19000 in 2020, you would therefore have made maximum profit over this period. you would have achieved high returns of more than 100%. Also Read: https://investmudrex.wordpress.com/2020/12/16/why-invest-in-bitcoin/ https://mudrex.blogspot.com/2020/12/investing-in-cryptocurrency-how-does-it_24.html Cryptocurrency Revolution Different strategies There are several strategies you can adopt when investing in cryptocurrency. Depending on the risk you want to take, the return you want to achieve and your knowledge of investing, you can choose a strategy. It is of course also possible to combine different types of investment. This way you spread risks. Investing in Bitcoin with a short horizon You can choose to keep an eye on the prices on a daily basis and to actively buy and sell again. Just like with ordinary shares, you call this 'day trading' and now 'algo trading' is also in demand which is executed with bitcoin day trading bot it helps in analyzing and execution of trade at faster rate. The advantage of this strategy is 'day trading' works best with a high stake. Because the price often only makes small movements in the short term, you will have to invest a large amount to achieve a high profit. But don't worry, you can also make a profit with smaller amounts.
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