Should you invest in the widely fluctuating bitcoin? As bitcoin prices dominate headlines, you might be wondering whether you should invest in the popular cryptocurrency. Probably not: It’s just how To Invest And Make Money Quickly volatile. The virtual currency is known for wild fluctuations in price. Since then, prices have more or less inched up, and at the turn of the year, they started to approach record highs. Peter Smith, chief executive of bitcoin wallet Blockchain, told CNBC. Those sudden ups and downs would be bad news for your portfolio.
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Even if you were to buy bitcoin low and sell high, you still might not see the big payday you’re hoping for. Matthew Elbeck, a professor of marketing at Troy University. It’s really, really not worth it for the ordinary consumer. If you do choose to take the plunge and buy a bitcoin, make sure it’s a very small part of your diversified portfolio—and that you can afford to lose your investment. Still, for some people living internationally—like Venezuelans plagued with a shortage of cash and those in China, where the government has restricted movement of capital outside of the country—bitcoin presents an attractive option to get ahold of cash, Harvey said. Its rising popularity in these countries are part of the reason behind bitcoin’s recent surge.
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