The skyrocketing rise of bitcoin is amazing and also scary. My fiance invested about $70 in bitcoin in the month of January. Then early December he read of a high rise in bitcoin. So he decided to check it out and found $400 in his bitcoin account. Trust me, I was elated because we were able to use the cash for a risen need.
But this got me thinking, if demand continues to rise, a day will come it will surely fall. At church today, a brother was encouraging him to invest more. But, I advised otherwise... Everything might seem juicy now and all shiny... But when the price of bitcoin drops badly, I believe lot of heart will be broken.
Everything in life is stages. Let's be truthful to ourselves...its best to invest wisely and cautiously than greedily.
Don't invest a lump sum, be on a safe side. Yeah, business is risky. What isn't? But dude, be careful .
What's your take?