Does the digital currency bitcoin is more stronger than any other stocks when it comes to investment? Bitcoin has beaten all the major asset classes hands down in 2021. The digital currency has had good momentum coming into the new year. It has surpassed the level of USD 50,000 and establish a record high of USD 52,433.0 on Bitfinex (as on 18 February 2021 ) What are your thoughts on this?
Confidence is needed to make a consistent profit in trading. It is almost impossible to make a profit without confidence. If a trader trades with fear, he will never be able to profit from trading. To create the confidence you need to do a good analysis. And we have to work according to the plan.
JohnSmithK posted: Does the digital currency bitcoin is more stronger than any other stocks when it comes to investment? Bitcoin has beaten all the major asset classes hands down in 2021. The digital currency has had good momentum coming into the new year. It has surpassed the level of USD 50,000 and establish a record high of USD 52,433.0 on Bitfinex (as on 18 February 2021 ) What are your thoughts on this?
Certainly this asset has been performing commendable this year. Though it don't really tarde cryptos, but they are a hot topic among investors these days.
At the moment, we can observe how bitcoin soared up and securely entrenched there. Yes, of course there will be some level adjustments. But all this will be in the corridor of at least $ 40,000. That you will agree very well.
I think these two have their own merits and it all depends upon what a trader prefers trading. I usually go with crypto because of its vast popularity and demand. It is also profitable if you know which crypto to trade and at what time. There are a lot of options these days.
Bitcoin is strong and it does attract many many traders, even more so over the past years. I think that yes the market has several advantages which are making it considerably stronger than the stock market.
Yeah, that’s right @anneyates. Nowadays, bitcoins are like any other trading like forex and stocks. Compared to the huge hit in the stock markets amidst the pandemic, bitcoins seem to survive well because of its growing user network and applications of usage.
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