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05. Pros and Cons Uncategorized

A potentially lucrative money maker

Where some people only see chaos, others see opportunity. While the high volatility in Bitcoin value puts off some traders from investing their money in it, others see it as an easy and quick way to earn a hefty income – buying when the prices are down and selling while high.

You don’t even have to be an active day trader or make use of advanced A.I trading algorithms to achieve this. If you miss one opportunity at selling or brought it at a wrong time, you are likely to net a positive return eventually.

For instance, say I bought the currency on Oct 5, 2018, when the price was $6,552.43. Immediately some time afterward, the price fell to nearly its half but by choosing to hold on to it till the mid of next year, I was able to able to make a high profit because the value appreciated by then to double my initial investment.

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