I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.
What do you think guys?
The key here is to treat cryptocurrencies like any other investment mechanism in the market like acquiring stocks, purchasing gold, applying for bank notes or treasury bills, and having real-estate properties. If you allocate all your resources into cryptocurrency alone, then the risk involved definitely explains on why your future might be unpredictable. Diversifying your investments by having to invest into multiple investment mechanisms will lower the risk of losing all your resources and maximize your profits in the long-run.
The difference between investing into cryptocurrencies as to the other types (like what I mentioned above) is the yield of income overtime. Due to its volatility, many investors tend to shift their investments into this aspect as they have the potential to yield large amounts of income in a relatively short amount of time.
Too high risk to depend the future to bit coin.
It is not the right decision to do. Sometimes crypto price fall down to the pit sometimes t goes up to the moon. I think it is not advisable, wasn't sure of what will happen.
Definitely risky if you allocate all of your funds into bitcoin. That is why people need to diversify their investments into multiple accounts instead of relying into just one aspect (which is bitcoin). If you have the opportunity to earn short-term income in cryptocurrencies, then utilize that money to acquire shares of stocks, or any investment alternative available.
