Wednesday, April 14African Business News
Shadow

Tag: Bitcoins

Is Cryptocurrency Trading Profitable in 2020?

Is Cryptocurrency Trading Profitable in 2020?

Business
Investors have been using bitcoins and altcoins for quite a while. Thanks to high volatility, one can earn profits more quickly than in more stable markets. But how much can you expect to gain, and is tackling crypto worth it? This year, coronavirus has made online trading extremely popular. Now, when millions of people are learning to make money remotely, Forex and cryptocurrency are more attractive than ever. It is true for South Africa and many other countries. Volatility: Friend or Foe? Bitcoin is famous and notorious (depending on who you ask) for its volatility. It means its rate is often so erratic. It can nosedive or skyrocket within a short period. For example, in October 2020, Bitcoin reached a 15-month-high above $13,000 after PayPal announced support for cryptocurren...