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Illegal? A fad? A scam? Unregulated? What is Cryptocurrency? Get the facts so you can make well informed decisions.
LEAD STORY π°
Why Bitcoinβs Price Bounce Isnβt The Only Question That Matters
Volatility is frequently cited as a reason to steer clear of bitcoin, but what does it really signify? As investment educator and wealth building Strategist Dr. Hans Boateng advises, βEveryone loves volatility when itβs to the upside, but itβs the downside that causes hesitation.β Yet this very characteristicβprice fluctuationβhas defined the early stages of almost every major asset class, from equities to commodities.
Bitcoin is no exception.
Viewing volatility solely as a risk obscures its potential as an opportunity, especially for those who are willing to think long-term and embrace its transformative promise as peer-to-peer money and the gateway to so much more. Viewing your investing decisions through the lens of fear (of getting in or missing out) is precisely the approach that costs time, money and opportunity. Volatility isnβt something to be avoided but managed with fact, not fiction.
π© Read the full article via Forbes.com. And be sure to follow me at Forbes to be notified of new content weekly.
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Bitcoin rallies past $107,000, hopes grow for strategic reserve
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