Is it possible to invest 5000 yuan in Bitcoin?
Not really recommended, it's not very meaningful. Even if it doubles, you only make 5000, which won't change much. In a bear market, it takes years for Bitcoin to double. Can you hold on for that long? If extreme market conditions arise and you cut your losses, let's not even talk about making money; not losing would be impressive.
If you take out 5000 to invest, it suggests you might be a young person with limited financial means, or you are just entering the market and unsure about what to buy. In this situation, investing in Bitcoin is a big taboo because "if you lose, you cut your losses; if you gain, you can't hold on." Please use non-essential funds for investment.
You might as well use this 5000 to learn a skill. Since you are interested in the cryptocurrency space, you should learn skills related to it. "Hoarding coins" and "making money" should be separated; besides hoarding coins, you also need to have other money-making abilities.
The current Bitcoin has passed the stage of reckless growth; it’s no longer an era where you can turn 100,000 into 1 million, but rather an era where you earn 500,000 from 1 million and then 1 million again. I hope everyone reading this has the "ability to make money."
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