Post
Topic
Board Bitcoin Discussion
Re: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies
by
South Park
on 11/08/2018, 19:41:45 UTC
It's okay to invest extra money in Bitcoin, but the market is immature and risky, and it's foolish to sell your real estate or borrow to invest.
While selling your real estate to invest in bitcoin is irresponsible especially if you have the mentality of buying because of FOMO at the same time at least that is something that belongs to you and you decide how to use it, but there are people in the forum that decided to get in debt to buy bitcoin and that is definitely a huge mistake because if the price of bitcoin goes down now not only you are left with a debt but with interests to pay and it is unlikely you can pay them if you needed to borrow money in the first place.