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Bitcoin Boom Risk assessment

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varad

54 Points Posted on 09 January 2021

Dear team

Wishing you a very healthy N wealthy new year.

Hope I am not off topic but I want all your expert opinion on this hot but risky topic.

BTC is hot & todays rate is 29 Lakhs per 1 BTC. Its rumored that It is likely to touch 1 CR.

In india court has lifted ban but central govt. is planning to add GST.

I want to invest some money in BTC but since my hard earned money is involved I am very much cautious.

I want your opinion whether its right decision to invest in BTC .What are potential risks involved ?

Typically how much money is safe to invest (being a lower middle class)

Thank You

Regards

varad

Replies (2)

Quick Summary

This discussion explores the risks and potential rewards of investing in Bitcoin, with current prices at 29 Lakhs per BTC and rumours of reaching 1 Crore. While Indian courts have lifted bans, the central government is considering GST. The original poster is seeking expert opinions on whether investing hard-earned money is a good decision, the potential risks involved, and how much is safe to invest, especially for someone of lower-middle-class means.