Most of us in cryptocurrency already know that Elon Musk have invested a large amount of dollars into Bitcoin which we also know that it resulted to huge increased of its market value from almost of of those cryptocurrency. Mostly fans of Musk already made an initiative to invest as they truly trust the judgement and that they also know that cryptocurrency is the new highlights especially that people are limited in going out into the public due to fear of the pandemic effect.
But considering that Elon Musk invested, there is a video that has been circulating that Elon Musk ask people that they should not invest their life savings into cryptocurrency since we just never know how cryptocurrency will behave. What we just need to do if we do have extras then that is the point that we invest them into cryptocurrency but when in terms of life saving, I think this one should be avoided as losing big could be possible and earning big also a possible thing. So its a gamble there and that life savings should not be put into gamble as this could result to a possible failure.
It's really unpredictable whether your assets will go up or down, depending on what covers the news for that day. So be sure to keep yourself updated in any news related to cryptocurrency so you will know what would possible happen for that day. Every news might be a consideration to have effect into its market price. So it would begun to a very stressful days for you if you are not properly handling your investment especially that comes from your life savings.
So think for it first before investing if you can afford to lose that or not. Since all things are really possible, as we just didn't know how the market behave good right now. That is why Elon Musk's statement about warning about investing life savings is a good thing.