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It could have died out, and the volatility was extreme in those times. The risk varies with how much you invest. If you invest sensibly, then the risk is low.
by danuker 4y ago
It could have died out, and the volatility was extreme in those times.
The risk varies with how much you invest. If you invest sensibly, then the risk is low. If you buy on leverage, you end up bankrupt.
- yebyen 4y agoIt doesn't even have to die out in order to ruin you. As you mentioned, you can go bankrupt from insolvency. You don't even have to directly use leveraged trading to purchase the Bitcoin to get bit by this. It just has to become a too-large proportion of your assets on your balance sheet, and the space it occupies feeling comfortable enough that you can take out as many loans as you want for other things you need. "Because no way am I killing my golden goose, but I might as well enjoy life" (PSA: Pay off your loans when you can, it may occasionally look like this bull run can never end. It will always end!)