Bitcoin – an independent investment crypto project or another scam from Wall Street?
Good afternoon dear readers of Chameleon Business!
Today we are going to talk with you about bitcoin – a cryptocurrency that made a splash in the global financial markets in 2017, reaching the mark of $ 20,000 for 1 bitcoin. However, bitcoin's flight was short-lived... in early 2018 it made an emergency landing at $ 900 for 1 bitcoin.
Almost three years have passed since that very moment, and many people began to forget about bitcoin... only a small number of crypto-brokers continued to believe in the version of the future in which cryptocurrencies will replace cash and non-cash money.
And everything seems to be fine, but at the beginning of 2021, bitcoin again broke out into the global financial trends, breaking through the $ 50,000 mark for 1 bitcoin. Therefore, all investors immediately remembered it rushing to the cryptocurrency exchanges in the hope of making money on bitcoin, as well as on other cryptocurrencies, which, following their "big brother", also began to grow rapidly in price.
In this article, we will not give advice on whether to invest money in bitcoin. Let's just say that bitcoin, like all other cryptocurrencies, is a rather ambiguous financial product for investment. All its value is only in the minds of people, and the prices of all unsecured financial products are set by the same people who influence these heads, using the greed of people who are looking for the easiest ways to earn money.
Investments are, of course, good, but you need to know and never forget that there are specific people behind any financial activity. The invisible hand of the economy is a myth that these people have created and that they maintain in order to always remain in the shadows, spreading their influence and increasing their already huge fortunes. There is no invisible hand of the economy, but there are the dirty hands of the capitalists on Wall Street! And so, be careful when you invest your money anywhere. Think twice, is it worth it?..
Well, what conclusion can we draw from all this? Yes, you can earn money on bitcoin, but you need to invest in it very carefully, especially such investments due to the high cost of bitcoin, require considerable financial investments. Therefore, if you still decide to try yourself as a crypto investor, know that in addition to bitcoin there are many other cryptocurrencies, for example: Ethereum, Ripple, Litecoin, on which you can also earn good money without investing large sums of money. In general, cryptocurrency is an unstable thing, you are equally likely to "hit the jackpot" and "lose everything". The cryptocurrency exchange is generally similar to a casino, and the main thing here is not to get excited.
If you have any questions related to running a business and investing in profitable financial projects, please contact our support team by email: [email protected] and we will try to answer all your questions.
This article was prepared by our business analyst Elena Kravchenko specifically for Chameleon Business. Follow our articles.