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[QUOTE="Good-Guy, post: 330734, member: 29109"] Investing in cryptocurrencies could be a great way to make money. However, the fact of the matter remain that cryptocurrencies have not been performing well in the market for a really long time. Since 2020,. the value of cryptocurrencies have been falling. This is why I do not think that it would be worth it to invest in the cryptocurrencies in the year 2024 until or unless cryptocurrencies find some new capitalists who are willing to risk and invest money. This is highly unlikely. I am not saying that the value of Bitcoin and other cryptocurrencies shall not increase at all. However, after analysing the current status of cryptocurrencies, I do not think that the value of cryptocurrencies will increase as of now. On the other hand, I also believe that the value of some cryptocurrencies will increase nonetheless. This may also include cryptocurrencies that are negatively correlated to the Bitcoin. Do you know why? This is because the creators of those cryptocurrencies may find new investors. This also includes cryptocurrency projects that may receive funding from many different businesses. This is how their value will increase. However, it could be pretty tricky to spot such kind of cryptocurrencies in the long run. [/QUOTE]
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