The word 'Profit' is a day to day thing for a bitcoin trader. No matter when we start trading bitcoin, I bet you will be bullish (profitable) with your investment.
The main reason to this bullish trend is because of limited supply and huge demand. As you may know that there is only 21 Million bitcoins for total circulation, but each and every human wants to own some amount of their asset in bitcoin (Bitcoin is divisible up to 8th decimal like 0.00000001). The smallest unit of bitcoin is known as 'Satoshi'. It's the name of the so called bitcoin inventor ' Satoshi Nakamoto'.
As we are speaking, bitcoin is heading towards $10,000 mark. But every week Bitcoin is reaching a new all time high. I've attached a screenshot showing last one week trend of bitcoin in US dollars.
Caution: Even though experts predict that bitcoin is profitable, we have to invest only a part of our savings which is bearable if you lose it.
The problem with Bitcoin is that most of it is bought with Tether Dollars, not "real" Yellen USD. If the US government want to shut Tether down, they will. If they can't find something they are in violation of, they will interpret the laws in such a way that they can be targeted anyway, and even if the Tether Co. wins in the end, they will either get bankrupt in the legal battle and USDT will be worthless.
That's interesting. I've not heard of USDT before. Will research on it. Thanks.
I think Bitcore (BTX) steal many Bitcoin freaks. see @svtechnik