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Is it prudent to invest a lump sum of money in Bitcoin?
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[QUOTE="Sotherefore, post: 262424, member: 27033"] Since you are interested to invest in bitcoins , well for me I don't see anything wrong with that because bitcoins generally is a solid project but at the same time it is a risky investment because the price of bitcoins or cryptocurrency generally is extremely volatile. Some government rules and regulation could make the price of bitcoins to drop even lower to about 10,000 dollars and might actually takes a very long time for it to return back to your buying price. Even if you must have to make this decision , you have to consider so many things. It is a risk and you should at least invest what you can afford to lose . Even if you have to invest , the money must strictly be for long term and you shouldn't have any plan for the money because the volatile nature of cryptocurrency makes it completely impossible to predict when you can earn tangible profit from your investment [USER=3658]@Suba[/USER] [/QUOTE]
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Is it prudent to invest a lump sum of money in Bitcoin?
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