Quote from: Kimonoe on October 21, 2021, 06:54:12 AM

Quote from: Hypnosis00 on October 19, 2021, 11:18:18 PM

Quote from: numberslacey on October 01, 2021, 01:06:23 PM

Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

for rich people I don't think it's a problem to invest in bitcoin even though it's high risk, but rich people certainly have money reserves, or free money that is worth developing. therefore for rich people who know the potential of crypto, then they do not hesitate to invest

As It is said, “Never put more than 5% of your investments in cryptocurrencies”. If the rich go by this advice, there isn’t much risk for them because it is just a small amount for them. But people like us have to rethink our decisions several times.