Even with the current trend in ming, I would say investment in Bitcoin is a good one because I have returns that are worth. It would have taken me so long to make the profits I have made if it was another investment.
This is the most difficult prediction that one can make. I don't think there is anyone who can tell the price range of Bitcoin in 2021. The market changes are unpredictable.
Bitcoin is not illegal, but most governments including the Kenyan government does not recognize it. However, anyone caught scamming innocent citizens gets dealt with accordingly.
The first time I heard about Bitcoin was in 2014, I joined a freelance writing Facebook group, then I noted people were discussing its price, and whether the investment worth. Luckily, in a few months time, I landed a gig to write articles for an exchanger.
Fear of losing my money. Initially, I thought Bitcoin was like any other scam that gets hyped, then all over sudden go down, making one or two rich at the expense of others.
This is a good one, although at times you might take a bigger risk and make small gains. All in all, risking is a must in any business. That's the only way you learn more about your business investment because you will encounter challenges, which comes with loses and gains.
Well, not all of my extra money. Remember this is business, and they say business involves risks on one side, while on the other side is profits and losses. Probably a quarter of my extra money at the moment.
Correct, starting a Bitcoin mining firm is not as that cheap. If not well thought of, you might end up paying higher electricity bills than your earnings.