Hi,
Anyone is doing this? Basically if I am not wrong BTC, ETH and maybe a few others seem pretty safe. Money in the bank gets nothing in return.
Is there any drawback/risks from keeping one's savings in these top cryptos for the long term? I don't see how they could all crash rather than bring you significant returns, compared to keeping the money in the bank, watching it stay the same year after year?
Maybe these cryptos go down a lot, but in the long term they are always going up.
Is this a smart thing to do?
Thanks in advance.
You must remember a basic rule, the greater the rewards the greater the risks, if you have your money in your bank you are not going to get a lot of money in return, but if you invest most in bitcoin then your returns are going to be way bigger than anything a bank could give to you but the risk is that bitcoin also goes down in value and when that happens many people panic, so you could lose a significant amount of money.