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Do You Think Crypto is a Reliable Investment
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[QUOTE="Good-Guy, post: 330736, member: 29109"] The answer is both yes and no. This depends a lot on how you invest money in the cryptocurrency market. There is a lots of things we could discuss about cryptocurrency investments. The year 2020 was quite different for many cryptocurrency investors. During the 2020 to 2021 era, Bitcoin reached its highest value. I must say that it was a golden period of Bitcoin investors. However, after that, Bitcoin has seen a really huge decline and there are many different kinds of reasons for that. Many investors lost interest in Bitcoin investments and this is why they withdrew investments. this led to huge liquidation of cryptocurrency assets, which led to downfall. Since many cryptocurrencies are positively correlated to Bitcoin, the value of other cryptocurrencies also declined as well. This also includes cryptocurrencies such as Bitcoin Cash, Litecoin, Dash coin, Dogecoin, etc. On the other hand, many short-term traders also benefited from cryptocurrency trading due to the fact that they made money when Bitcoin and other cryptocurrencies gained a short-term momentum in the market. This also happened to other stocks as well. Having said that, cryptocurrency investments could be profitable, but it entirely depends on how you invest and most importantly, when you invest in the market. [/QUOTE]
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