Post
Topic
Board Economics
Re: Is bitcoin a good way to invest your money ?
by
genocide
on 21/07/2017, 12:41:01 UTC
Invest some of it, yeah.  You have to realize how frigging volatile bitcoin is, though.  There's nothing that says we have to stay at or break above $2500.  We could be back down to $1500 or lower by tomorrow.  Do I think that's going to happen?  No, but it's possible.  So if you're young and don't have a retirement plan and have extra money to play with, do it.  But be ready to lose money...and hope you don't.

I wouldn't put too much into crypto.

Yes, that is right. I totally agree with you. There is no way that we would ever know what will happen to bitcoin, like if its price will go higher or lower. There is always a risk of losing your money so I would advice you not to invest all of it. The best thing to do is to invest some and profit from it.