Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin in the highest level of trust?
by
BuNga_cute
on 30/12/2021, 22:50:17 UTC
What you say is true and makes a lot of sense, because no matter how good Bitcoin is, it's still risky to risk all of our money in Bitcoin. Moreover,
many rich people give advice to always invest in several assets, because if one asset loses, we can still generate profit from other assets. Especially
if all the assets we have go up, it opens up opportunities for us to become millionaires or billionaires. I am among those who have known Bitcoin
for a long time and have also managed to make big profits from Bitcoin several times. But I admit that it is very risky if we only invest in Bitcoin,
because Bitcoin does not continuously generate profits. Sometimes Bitcoin also experiences a decline, if that happens we must be able to have income
from other places, it's important to diversify our money across multiple assets.
Trust is there but the final decision would really be depending on a certain individual and we know that diversification is always been recommended and only invest
on what you could afford to lose on here in crypto because no matter how Bitcoin flying out with colors but there's no guarantee that it would lasts out forever on which
you do come into a point on where you do go all in without minding that particular risks on getting wrekt if the market would make out some sudden u-turn.
I dont blame out people on having that support but they should be mindful about probabilities.

Indeed, so far trust in Bitcoin is increasing, even many institutions are starting to dare to invest in Bitcoin in the long term. But that doesn't mean
Bitcoin will last forever, because someday there will be something better than Bitcoin. Because that's how technology develops, there will
always be technology that is much more sophisticated. So it's not wrong that we have very high trust in Bitcoin, but don't overdo it,
because anything in excess can have a bad effect. So think carefully about the risks that will occur if we risk everything for Bitcoin.
We really have to think about all the possibilities that will happen, including thinking about the worst risk that will happen to Bitcoin.