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?
No matter where one invests, where financial matters are involved, there are risks. Investing in real estate is somewhat less risky than digital currencies. Bitcoin altcoins can make profits very quickly as well as losses very quickly. So investing in cryptocurrency is much riskier ans also more profitable. So if he wants to make profit, he must take big risk. So it is a personal matter of everyone how much risk they are willing to take and what they will invest on
It is true that the bigger we want our profit to be then the bigger the risk we'll have to take and expect. Investing is unpredictable in a way that we can never be 100% sure if we will gain or lose what we have invested. In relation to that, another factor that future or contemplating investors should consider is how much money they are willing to risk, I am essentially referring to the capital they are willing to assign or place for their investments. Despite the different amounts of income we have, as well as our needs, there should be a set percentage of our after-tax income that is for investment. Ideally, according to Mark Henry, founder and CEO at Alloy Wealth Management in his interview with Ivana Pino of Fortune Recommends in 2022, it is advisable to invest 15-25% of our after-tax income, assuming all house utilities and immediate financial needs are settled with the remaining 75-85% of your income. Personally, though I try to keep the 15% after-tax income I have to be solely for investment, I sometimes can only do 10% and for me, that is fine for as long as I still have money to invest and is within my plans.
Source of interview article:
https://fortune.com/recommends/investing/how-much-of-your-income-should-go-toward-investing/