Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
So curious to see the response especially today when we live in times of crisis.
It is clear that bitcoin carries a greater risk than storing it. I'm sure most users here look at the risk side of losing, even though if we dig again, the risk of bitcoin is not only in fluctuations, for example there is no investment guarantee letter. Apart from that we are talking about an investment which definitely has a greater risk than saving any form of storage, while the benefit of an investment is additional income / profit. Judging from the pandemic that has occurred, the bitcoin or cryptocurrency market has a livelier market, so be more careful in investing in cryptocurrencies that have fast fluctuations.