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  4. Anyone still buying Bitcoin?
  • LZ
    Lzguangzl Anyone still buying Bitcoin?

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      With recent news going against Bitcoin, like China cracking down on crypto mining and trading activities. Do you all think that Bitcoin is still a good long-term investment tool?

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    • JO
      Jovin
      last edited by

        IMO, you can consider setting aside of your portfolio for Crypto - 5-10%. It is a growing space and i truly believe in the technology behind cryptocurrency. Do note that it is super risky and might lose more than 50% of your investment

        1 Reply 0 Reply
      • HA
        ham
        last edited by @Hermin

          I was reading this:
          https://www.livemint.com/market/cryptocurrency/how-does-bitcoin-mining-impact-the-environment-11620898893877.html

          1 Reply 0 Reply
        • GE
          getitgt
          last edited by @Hermin

            @hermin do you have any resources to read about crypto mining?

            1 Reply 0 Reply
          • HE
            Hermin
            last edited by

              imho, it's good thing for bitcoin community as the mining industry will not be centralized in china instead it will be more decentralized across the world. Moreover, the mining should find the most cost effective and renewable energy to mine for bitcoin. So far, bitcoin is still the strongest store of value.

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