Are you risking investment in other things? - page 5.

lizarder

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Quote from: Blowon on September 06, 2023, 06:12:53 AM

Bitcoin is supposed to be much more trustworthy than other coins. but in some cases the season does not always lead to bitcoin continuing. it also inevitably leads to altcoins where they call it altseason. I think we've all experienced this, and people who have experienced it definitely won't go through this. they must have kept other assets. apart from bitcoin, I think it was the right decision

It should be as you said that bitcoin is much more trustworthy compared to other coins, because there are several things that make people more confident in holding bitcoin in the long term compared to other coins. But if you are one of those people who have more financial capabilities, then trying to invest in a number of places will be much better, for example, like gold or a business that can grow. Betting several investments in various places will actually provide more income, as long as we are able to run it properly and always evaluate any deficiencies that need to be fixed.

Many people invest in bitcoin as a step to reach the stage of financial freedom and place several investments in various places as a form of one's way of making consistent profits. If bitcoin is in a prolonged bearish condition then other investments become a balance and we can use the profits to meet all our life needs, because that is the reason I choose several investments and not all money is placed in bitcoin.

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Quote from: kojektea on September 06, 2023, 06:41:19 AM

No. I believe in my small business. but I still have a little faith in bitcoin and other coins, as a bounty hunter, airdrop or jobs generated by coins. but to make this a long term investment is too risky. I am very happy with the way I can generate coins without having to spend real money. it has increased my income.

Bounty hunting can be profitable but it is not sustainable on the long term. The good thing about it and airdrop is that you actually don't invest real money on it only to do your weekly duty and get your post requirement but it is not sustainable in the sense that it could amount to waste of time if the reward is not sent to you or when you are not allowed to sell or it is not listed. Again I can't remember how many shit coins have had any bull lately. Doing bounty is not a real investment because it is not sustainable.

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Quote from: Marvell1 on September 06, 2023, 05:59:10 AM

Quote from: iv4n on September 06, 2023, 05:33:43 AM

Quote from: DeathAngel on September 05, 2023, 03:48:29 AM

I have bitcoin, some alts & a couple of real estate properties. I am not interested in diversifying into anything else. The majority of my net worth is in bitcoin & I intend to keep it that way. The current price will look like chumps change in a couple of years.

And some alts. I think that investing in some alts is a good idea. It doesn't have to be a big investment, depending on someone's possibilities, but setting aside 5% (more or less) for some interesting projects can pay off in the long run. And there are some good projects around that have a nice potential. In every bull run some new alt makes incredible progress.

Indeed, I do not recommend anyone to invest in altcoins as they are riskier than bitcoin, but it would not be so bad if we just invest a small part of our capital in them. Although altcoins have great risks, if we choose the right coin, it is clear that its profits will be very significant compared to bitcoin. Many people only focus on bitcoin and think that all altcoins are useless, which is really a waste because they are missing out on bigger opportunities.

We invest in cryptocurrencies to make profits, so we should not be too stubborn and ignore opportunities outside of bitcoin. As long as we invest a small amount, it will not cause too much damage to us.

There's nothing wrong to invest at altcoin it would really depends on the coin you would invest with, cause for me I've invested in altcoin before but only for a quick-flip it's not much but I've still profit. But still it's not advisable for a long term investment due to its volatility is random like it really depends on the project some would literally rugpull it. Well I agree that maybe your spare capital or money maybe you could try small amount first for your own experience to altcoins if it suits for you so you can compare it to Bitcoin, what I mean is that you can make your own strategy with these coins. Still if you want to secure just stick with BTC.

Crypt0Gore

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It's wrong to put all your eggs in one basket, even as crypto is a good way of making money you still need to diversify your money in other things, like real business and also have some savings on going in case of emergency.

I have faith in Bitcoin and few other crypto assets but still, I have other things that I am managing that's giving me money, it doesn't have to be crypto only, because what if crypto goes down some day? You will find it hard to start over that's why it's better to get ready for any possibility.

The reason why many people struggles with crypto investment is because that's all they have ongoing, the moment the bears take over it will be hard for them to survive, that's why we see some people going back into their investment and selling some just so that they can eat and survive.

If you are doing this, you are doing it in a very wrong manner, do not let one source of income be everything you ever had or know, multiple source of income is the best way to stay away from future financial struggles.

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Quote from: Blowon on September 06, 2023, 06:12:53 AM

Bitcoin is supposed to be much more trustworthy than other coins. but in some cases the season does not always lead to bitcoin continuing. it also inevitably leads to altcoins where they call it altseason. I think we've all experienced this, and people who have experienced it definitely won't go through this. they must have kept other assets. apart from bitcoin, I think it was the right decision.

Let take this as an observation to always make whenever we are dealing with bitcoin in cryptocurrency, bitcoin will always and definitely rise whenever it falls, when it's on the off season as some do call it whereby the market price go bearish, there lies another opportunity for it to rise again at all times because it's a volatile cryptocurrency, this trust and reliability is what makes others to know that bitcoin will never fail as some other coins do, but to perfect it all, all eggs are not safe being on the same basket, we can have other alternative investment incase of when bitcoin market go dip.

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Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

Bullrun is not as always comes like before, and we now experiencing a bear market the price of the bitcoin is just kept sleeping or going down with sideways movement, so instead find a better source of income that gives a good income besides crypto risking with the business, real estate and etc. that could give a good money return is like preparing again for the next halving. Base on my experience I'm now planning my business even though its just a small still can manage to make a profit and money circulation but first better to pay all your debts and settle it out so you don't need to carry out more problem.

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No. I believe in my small business. but I still have a little faith in bitcoin and other coins, as a bounty hunter, airdrop or jobs generated by coins. but to make this a long term investment is too risky. I am very happy with the way I can generate coins without having to spend real money. it has increased my income.

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Quote from: Latviand on September 06, 2023, 04:59:26 AM

Quote from: AicecreaME on September 05, 2023, 10:19:34 AM

I only invest in Bitcoin when it comes to the majority of my savings.

I trust Bitcoin when it comes to investments, because it is worth the wait rather than storing it in a bank which only gives you a very small amount of profits. Investing in other things that you have mentioned is also a good thing but it may take a while before you get to know it well for you to make profits in a certain period amount of time.

Banks isn't even the helping you save, their the worst place you can put your money in because of the low interest rates and they're overtaken now at least in my country by online banking systems when it comes to interest rates. I think that everyone's the same here when it comes to preference of investment since and other investment options aren't that accessible to many people like me who don't like the hassle of signing paperworks and in the end you don't have any control of your money unlike bitcoin.

But have you both thought about the risks and volatility of bitcoin? volatility is great when it comes to investing but can be a barrier when it comes to saving. when we talk about banking, we mean savings, mortgages...not just investments. if you need money for business or investment, does bitcoin lend you money to do that? Or you need money for emergencies, can bitcoin lend you money? Regarding savings, does bitcoin guarantee the value of your money in the short term?

By the way, you both use banks, right? If you still use the bank, don't speak ill of them. bitcoin and banking both have their own use cases.

Blowon

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Bitcoin is supposed to be much more trustworthy than other coins. but in some cases the season does not always lead to bitcoin continuing. it also inevitably leads to altcoins where they call it altseason. I think we've all experienced this, and people who have experienced it definitely won't go through this. they must have kept other assets. apart from bitcoin, I think it was the right decision.

Marvell1

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Quote from: iv4n on September 06, 2023, 05:33:43 AM

Quote from: DeathAngel on September 05, 2023, 03:48:29 AM

I have bitcoin, some alts & a couple of real estate properties. I am not interested in diversifying into anything else. The majority of my net worth is in bitcoin & I intend to keep it that way. The current price will look like chumps change in a couple of years.

And some alts. I think that investing in some alts is a good idea. It doesn't have to be a big investment, depending on someone's possibilities, but setting aside 5% (more or less) for some interesting projects can pay off in the long run. And there are some good projects around that have a nice potential. In every bull run some new alt makes incredible progress.

Indeed, I do not recommend anyone to invest in altcoins as they are riskier than bitcoin, but it would not be so bad if we just invest a small part of our capital in them. Although altcoins have great risks, if we choose the right coin, it is clear that its profits will be very significant compared to bitcoin. Many people only focus on bitcoin and think that all altcoins are useless, which is really a waste because they are missing out on bigger opportunities.

We invest in cryptocurrencies to make profits, so we should not be too stubborn and ignore opportunities outside of bitcoin. As long as we invest a small amount, it will not cause too much damage to us.

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Quote from: DeathAngel on September 05, 2023, 03:48:29 AM

I have bitcoin, some alts & a couple of real estate properties. I am not interested in diversifying into anything else. The majority of my net worth is in bitcoin & I intend to keep it that way. The current price will look like chumps change in a couple of years.

And some alts. I think that investing in some alts is a good idea. It doesn't have to be a big investment, depending on someone's possibilities, but setting aside 5% (more or less) for some interesting projects can pay off in the long run. And there are some good projects around that have a nice potential. In every bull run some new alt makes incredible progress.

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Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

I have given loan to brother for making home and currently I have no fund to invest in any coins other than btc. I am holding some btc because I believe that something big is happening before this halving and I doesn't want to miss opportunity this time. ETF approvals is also no far which can change the market sentiment and hope we will enter in the bull season.

If I had a money that time then I would buy land here in my country. Bonds and stocks are profitable here. Property business has not been profitable now because of inflation in our country. some lands here are worthy to be invest which can give 2x-5x in five years. Daily use items like sugar has increased 2x in short time and one of our villagers bought some months ago and now sold with 2x. I am also willing to do same but have no fund. Infact our currency rate is decreasing with doller pegged rate and even if i invest in any other asset othe than btc, cannot give me more profit because it's value depends upon inflation rate.

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Quote from: AicecreaME on September 05, 2023, 10:19:34 AM

I only invest in Bitcoin when it comes to the majority of my savings.

I trust Bitcoin when it comes to investments, because it is worth the wait rather than storing it in a bank which only gives you a very small amount of profits. Investing in other things that you have mentioned is also a good thing but it may take a while before you get to know it well for you to make profits in a certain period amount of time.

Banks isn't even the helping you save, their the worst place you can put your money in because of the low interest rates and they're overtaken now at least in my country by online banking systems when it comes to interest rates. I think that everyone's the same here when it comes to preference of investment since and other investment options aren't that accessible to many people like me who don't like the hassle of signing paperworks and in the end you don't have any control of your money unlike bitcoin.

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Quote from: Tuturtinular on September 06, 2023, 03:42:14 AM

Quote from: awik p on September 05, 2023, 10:59:06 PM

it's the same as me, the division of investment becomes a necessity in order to be able to meet the main needs of life, and after that we can invest in bitcoin, I do this because I have any money I can buy it, so I can set aside from my monthly salary, especially during the bearish season like this time, of course I increased the portion of bitcoin purchases and reduced the money on the referring budget, so that monthly life and savings just in case are not a problem

Yes, that's right, we need to be careful in managing finances. Although we agree with bitcoin but putting all the money in bitcoin is a mistake. If we need money when the price of bitcoin goes down, we will lose. So, it's best to invest money in bitcoin after your living needs are met, and have an emergency fund for undesirable conditions. If we already have it, we can invest in bitcoin comfortably and can sell bitcoin at the right time

No that our living needs can be met at once but set aside a back up investment that can cover for that needs them if this is done then you can comfortably invest in bitcoin. Having one source of income is not a good advice because if that one fail you will all go down but still if there are other you will only switch to the other to restore the first one.
Bitcoin investment can't be face alone but get a physical business to support it.

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Quote from: awik p on September 05, 2023, 10:59:06 PM

it's the same as me, the division of investment becomes a necessity in order to be able to meet the main needs of life, and after that we can invest in bitcoin, I do this because I have any money I can buy it, so I can set aside from my monthly salary, especially during the bearish season like this time, of course I increased the portion of bitcoin purchases and reduced the money on the referring budget, so that monthly life and savings just in case are not a problem

Yes, that's right, we need to be careful in managing finances. Although we agree with bitcoin but putting all the money in bitcoin is a mistake. If we need money when the price of bitcoin goes down, we will lose. So, it's best to invest money in bitcoin after your living needs are met, and have an emergency fund for undesirable conditions. If we already have it, we can invest in bitcoin comfortably and can sell bitcoin at the right time

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Quote from: goldkingcoiner on September 06, 2023, 12:47:26 AM

Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

It is always smart to diversify your money. As much as I love Bitcoin, I also invest in other things, but I still prefer the majority of my investments to be in Bitcoin. Everything else is kind of a side-investment, really. Basically I do somewhat put all my eggs in one basket. Roll Eyes

I am still willing to bet most on Bitcoin knowing that some risks, intrinsic within traditional investments, can be avoided with Bitcoin.

Real Estate is obviously a meaningful investment, but as with any investment, it could fluctuate greatly in value and ultimately cost you too much money to maintain. So any investment always has risk at the core and there is always the risk of losing everything at any time.

While I do agree with your point on diversifying money I do the same, your reply showed and emphasized to me how each of us thinks differently based on our own situations and stands. Basically, while you put most of your money/investment in Bitcoin, I do that on my investment in education. Now, I know some may see it weird as I stated education to be an investment, however for me education is an investment as it allows me to get knowledge and develop skills that I can use for my other actual investments as well as businesses and work. For me, Bitcoin is a side investment as I only put a small percentage of my investment money there. However, I do understand your point and the points of those who chose to invest in real estate more. Perhaps in the future, once I get the knowledge and skills I know that I need, I'll be switching it up to either Bitcoin or a good business. However, for now I'd stick to my "investment" in education.

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Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

It is always smart to diversify your money. As much as I love Bitcoin, I also invest in other things, but I still prefer the majority of my investments to be in Bitcoin. Everything else is kind of a side-investment, really. Basically I do somewhat put all my eggs in one basket. Roll Eyes

I am still willing to bet most on Bitcoin knowing that some risks, intrinsic within traditional investments, can be avoided with Bitcoin.

Real Estate is obviously a meaningful investment, but as with any investment, it could fluctuate greatly in value and ultimately cost you too much money to maintain. So any investment always has risk at the core and there is always the risk of losing everything at any time.

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Quote from: Tuturtinular on September 05, 2023, 10:32:25 PM

Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

I don't have much money in my savings. So I prefer to invest my money in two different places. One is low risk and the other is high risk. For my first investment I chose gold, I used this as funds that I could use when I suddenly needed money, such as for health conditions. Another investment is bitcoin, I will buy bitcoin in increments, if the market is good I will buy more bitcoin, and when the halving gets closer I will probably hold more bitcoin.

I need to carefully manage my finances because I don't have much money. I hope I don't miss the Bitcoin ATH moment that might occur after the halving.

it's the same as me, the division of investment becomes a necessity in order to be able to meet the main needs of life, and after that we can invest in bitcoin, I do this because I have any money I can buy it, so I can set aside from my monthly salary, especially during the bearish season like this time, of course I increased the portion of bitcoin purchases and reduced the money on the referring budget, so that monthly life and savings just in case are not a problem

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Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

I don't have much money in my savings. So I prefer to invest my money in two different places. One is low risk and the other is high risk. For my first investment I chose gold, I used this as funds that I could use when I suddenly needed money, such as for health conditions. Another investment is bitcoin, I will buy bitcoin in increments, if the market is good I will buy more bitcoin, and when the halving gets closer I will probably hold more bitcoin.

I need to carefully manage my finances because I don't have much money. I hope I don't miss the Bitcoin ATH moment that might occur after the halving.

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Quote from: Stepstowealth on September 01, 2023, 05:43:32 PM

There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

I have 100% prepared my money for the bitcoin halving next year, why? because I can get a bigger return than buying real estate I'm not saying real estate is not good I'm talking about liquidity now that's a strong reason I prefer bitcoin over real estate

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