My grandfather has some wealth. Now my grandfather will invest all his wealth in Bitcoin. I told my grandfather not to invest all your wealth in Bitcoin. I suggested to my grandfather that Bitcoin not only has the potential for profit, but also the potential for loss. So you invest some wealth in Bitcoin. You don't have to sit on the street if your investment suffers.
My only question to all, was I able to give my grandfather the right advice??
You have given a reliable advice to your grandfather. Actually there are lots of investors deserve investing in Bitcoin as a money making scheme. But is it really so? Those who have invested in Bitcoin are well aware of its situation. In this platform there will have various suggestions for investment. But I would like to mention two things, first of all, invest in Bitcoin with the money which is not need to lead your daily life, and lastly, invest in Bitcoin only for the long term. I think those who invest based on these two words will succeed. Many of us invest but need to sell those bitcoins at a loss to cash out. Those who have such situation should not invest in Bitcoin.