I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
I think it is too much risky to put all your eggs in one basket as in case of a downfall or maybe a ban on bitcoin then you will loose all your money invested in bitcoins and thus your savings of lifetime, you must diversify so as to take less risks.
Bitcoin has great future and we all know that. We also know that someday price of bitcoin will reached so high that we can't imagined.
But even with that expectation, it's not good to me to put all my funds to bitcoin since we need time before we can make profit out of it. How will I support my daily lives if I have no funds left. I will choose to diversify my funds rather than giving it on a single bag.