A friend of mine tried to get me into bitcoin a few years back, and I thought it was some kind of big scam. I told him that he would probably lose all of his money if he bought bitcoin. He didn’t listen to me, and the amount he did buy gave him $100,000 once he cashed out when the prices were at their highest. When he showed me how high the prices had gotten, I was shocked and mad at the same time. Since then, I’ve begun trading in bitcoin from the Bitcoin Trader official website.
I haven’t been able to make as much money as my friend did from bitcoin, but I’ve been able to make enough to pay off my student loans. I racked up $20,000 in loan debt from college and had been paying it off each month, but after my success in bitcoin, I paid it all off at once. I was glad to be finally free of all of that debt. I put the rest of the money that I made from bitcoin into my savings account. When it’s time for me to retire, I’m going to be glad to see that money.
Although the bitcoin prices haven’t come close to what they were at their highest, people have still been buying bitcoin, and as long as they are, the market will be viable enough for me to make a profit. Once you get a feel for the market, you can kind of predict when the bitcoin prices will rise and fall. It takes a bit of work and trading to figure out, but anyone can do it, except probably my mother. She doesn’t like to deal with computers that much, so something like bitcoin trading would probably be too much of a hassle for her.