What factors should be considered when determining the potential profitability of digital currencies over a 2-year or 10-year period?

1 answers

• Delordin YAug 04, 2022 · 3 years ago
  From BYDFi's perspective, when determining the potential profitability of digital currencies over a 2-year or 10-year period, it's important to consider the underlying technology and the team behind the project. The technology should be innovative and have the potential to solve real-world problems. Additionally, the team should have a strong track record and expertise in the industry. Factors such as the project's roadmap, partnerships, and community engagement can also play a role in determining its long-term profitability. However, it's important to note that investing in digital currencies carries risks, and past performance is not indicative of future results. It's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  798

  399