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Home/Questions/Q 4341
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Ekansh Sharma
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Ekansh SharmaSenior
Asked: August 27, 20212021-08-27T17:02:50+05:30 2021-08-27T17:02:50+05:30In: SEM

Can you loose money on Bitcoin?

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Can you loose money on Bitcoin?
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1 Answer

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  1. Jayant Experts
    2021-08-27T17:08:16+05:30Added an answer on August 27, 2021 at 5:08 pm

    Yes, crypto currencies are highly volatile and comes with high risk so there are high chances that you loose your money in Bitcoin if you don't invest at a right time. No one exactly knows what the right time is in crypto as any outside news can immediately increase or decrease the prices so it's alRead more

    Yes, crypto currencies are highly volatile and comes with high risk so there are high chances that you loose your money in Bitcoin if you don’t invest at a right time.

    No one exactly knows what the right time is in crypto as any outside news can immediately increase or decrease the prices so it’s always better to risk with that amount which you don’t regret of loosing in future. Because Bitcoin and other crypto currencies are in the top of risk pyramid.

    Istead of going for crypto I would suggest you to go for mutual funds where the risk is very low and the return is quite good as compared to FDs and Gold investments.

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