Quote from: Wapfika on Today at 12:01:35 PM

Quote from: CamilaStar on Today at 11:09:22 AM

A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks

Your friend has an artwork business which gives him a source of income. He doesn’t fully depend on Bitcoin rather he invest part of his earnings from artwork and let Bitcoin gave him the majority of his finances.

Even if Bitcoin is a good investment no one should depend in it fully and neglecting a source of income.

Bitcoin is a long term investment while we have daily necessities.

I agree.

We need to diversify in order to stay abroad and stable, no matter what.