Post
Topic
Board Bitcoin Discussion
Re: is it risky to turn all my money to bitcoins?
by
greenbitsgm
on 01/02/2018, 22:03:17 UTC
Your money is safe in the bank but if you want to take risk and earn more profit then invest in bitcoin but just a portion of it as bitcoin is really a risky venture.Be cautious to invest all your savings as bitcoin is a highly volatile currency and be warn also that bitcoin is a decentralized currency so your investments has no security or insurance not like the banking system.And because of its volatility price fluctuate every now and then,there will be instances that price will really go down deep and if you're a faint hearted person you might panic sell and lose more.
To sum it up bitcoin is a very profitable investment but risky so invest at your own risk.