Profit

Cryptocurrencies including Bitcoin (BTC) are just one decade old but they have proved to be one of the major profitable investment alternatives in the world.

Investors are constantly looking for ways to make more money year in year. However, today's venture capitalists are caught in the confusion of which assets to put their money in. The debate investors are faced with now is choosing between traditional finances and crypto-assets or both.

Cryptocurrency trading and investment have been gaining significant traction since the outbreak of COVID-19 pandemic. As people found themselves locked down and jobless, seeking for any additional source of income became a pressing need.

Choosing cryptocurrency might sound a great idea for both short-term profits and long-term investments, however, there are a lot of scammers in the industry striving to take away one’s money. So one needs to take all precautions before putting in a penny.

After many Bitcoin traders experienced financial markets for the first time, they came to love the thrill of the trade, and how it feels to book each profitable position and show success for their skills gained over the years.

A lot of cryptocurrency users, especially new investors have been scammed left right and center to invest their funds in fake projects related to digital currencies. There is an ongoing cryptocurrency project called “The Billion Coin” that has or continues to milk massive profits from innocent investors.

The Russian Ministry of Economics criticized the recent law on digital assets adopted by the State Duma. It practically bans the use of cryptocurrency within the country, however, such an attitude might cause Russia huge losses.

On May 4th, Bitcoin declined slightly from the previous day, recording around $8,700 at various exchanges including Upbit, Binance, BitMEX and Bithumb. Nevertheless, it is relatively stable these days with only insignificant fluctuations.

As the price of Bitcoin trading plummeted by 50% overnight, there are opinions among investors that the cryptocurrency market needs to introduce a circuit breaker system like the stock market.