Quote from: bubilas on Today at 08:37:00 AM

Quote from: CamilaStar on July 24, 2025, 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

He shouldn't have done that. I know an artist who also got into crypto after previously only drawing on a tablet. Now she's a part-time investor, but she said that it's not her plan to do just one thing. There are 16 hours a day outside of sleep, and that's enough to have several incomes and a hobby. If someone starts doing crypto while being able to draw, that's the wrong choice.
We need to diversify our hobbies.

Any business loves attention. Bitcoin is more related to investments and work, and drawing can be attributed to a hobby, especially if it is not monetized. But it is still important for everyone to have a creative hobby, it allows us to realize our soul needs and be happy. As for investing all assets in one direction, this is a very risky step. I would definitely not do this, even if we are talking about bitcoin.