Topic: Bitcoin investment - page 5. (Read 997 times)
I think, how much money one should invest in bitcoin or crypto should be correlated with how much knowledge one has about about the technology and a understanding of the volatility of this new asset class. to the average guy, it would seem extremely risky to invest and yes that is true when looking at from a short term perspective. However, in my opinion it's not as risky as most believe, especially if you have a long term mindset and you do not plan on selling for the next 5-10 years.
I really agree what you say, even I always remember saying "Do not put your eggs in one basket ". So I am in a crypto investment I always buy some altcoins besides bitcoins like ETH, LTC, Dash, XLM and XRP. Because the movement of price increases is not always the same.
That saying is not always applicable on every investment. Some investors do have only 1 crypto on his wallet and still manage to make enough profit. Diversifying investments is the other way to make your money less risky with the volatility of cryptocurrency. However there are still individuals who lost their money even from diversifying investments.
This is very shitty advice that no one should leave his or her job due to join in this platform, This is a very wrong decision, I never suggest anyone do so, for me, Cryptocurrency is the secondary source of income, so Always suggest people follow this platform but not leave all the other things, I know Bitcoin investment is the most precious decision for the future purpose but it's not a good idea to leave a job or business, I also agree with you on this point that "don't put all your eggs in one", That's a very important true regarding this platform, Cryptocurrency is still trying to get established so we don't have to depend on this platform fully.
I do not think nor did I read such a piece of advice in this forum. It would be nice if you can share the link to that post.
The money that you should invest in Bitcoin or any other cryptocurrency is the money that you can spare to lose. Any kind of investment is risky, so always invest when you know what you are investing for.
From the day I joined this forum till today this is what I have always read in this forum and have advised to others.
Go to this link and see the reply number 232.The money that you should invest in Bitcoin or any other cryptocurrency is the money that you can spare to lose. Any kind of investment is risky, so always invest when you know what you are investing for.
From the day I joined this forum till today this is what I have always read in this forum and have advised to others.
https://bitcointalksearch.org/user/jossiel-811719
Not pointing out persons but when senior member suggests this what would you expect from others.
This is his/her personal opinion on what to do, but it doesn't necessarily mean it is a kind of written fact people must follow, it is always advised that people shouldn't invest more than they can't afford,
No matter what anyone read from the internet or here in forum does not necessarily mean they should act on it, anyone who did that have themselves to blame,
Do your own research as well before investing.
I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
Going to invest in Bitcoin is a good idea but what they mean is don't put all of your active income to buy Bitcoin ONLY.If you have other investments like stocks, bonds, mutual funds etc. then its fine for you to buy Bitcoin but don't put all of your income into it because there are no certainties in the current crypto market right now. We don't really know what can happen to Bitcoin in the future. It may rise to $100,000 per Bitcoin or it can go below $3,000. Diversifying your funds is a good idea but don't diversify too much especially if you have a low monthly salary.
I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
You only take advantage of bitcoin site like how much increase your earning after investing with bitcoin, why not looking for site of disadvantage by investing with bitcoin or altcoin, how many investors have lost their assets after investing with bitcoin. You have ready check with benefit by investing and weakness by investing with bitcoin and altcoin. This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
Actually, I think this is fine - if you have investments in real estate, bonds, stocks and have a stable job, it's pretty okay to just throw all your money at crypto, since you already have other investments or baskets per say.Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
Only the outrageous and incredibly stupidly lucky stuff gets published, no one is going to care about someone planning out their money and keeping a BTC fund, they want to know about that person who sold everything and then made 20x in 6 months, that's what gets these articles clicks.So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
Great advice. Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
I really agree what you say, even I always remember saying "Do not put your eggs in one basket ". So I am in a crypto investment I always buy some altcoins besides bitcoins like ETH, LTC, Dash, XLM and XRP. Because the movement of price increases is not always the same.
jossiel didn't necessarily mean that the OP should put all his/her money on bitcoin; just that OP should buy bitcoin using the OP's salary. Which I'd say is completely fine, depending on the OP's finances.
Thanks for explaining that part of mine. Yes, I didn't literally mean about using your 100% of salary to buy bitcoin, I guess I should've said that 'a part' of your salary to invest with bitcoin so that it won't be taken literally by others.Next time when I give advise to new investors, I'll be more precise and I agree with your points OP.
If people want something where they can invest money, bitcoin is a good option. However, since it's volatile and here in crypto, it's always a risk, it's really better to invest some on crypto, bitcoin or altcoins, and remain something for fiat. I think that's the smartest way, separating your asset so if you lose the other, you still have the other. But actually, they can invest everything on bitcoin if they want to, it's a big risk but if it gains, it's a huge amount. It depends on a person afterall.
Bitcoin is a really profitable investment but the risks is also very high. There is no guarantee that in every investment in bitcoin, profits is automatically gained. No it's not that easy especially that there is high volatility that makes the price changes from time to time. So it would be more practical if we divide our investments into fiat and crypto.
If people want something where they can invest money, bitcoin is a good option. However, since it's volatile and here in crypto, it's always a risk, it's really better to invest some on crypto, bitcoin or altcoins, and remain something for fiat. I think that's the smartest way, separating your asset so if you lose the other, you still have the other. But actually, they can invest everything on bitcoin if they want to, it's a big risk but if it gains, it's a huge amount. It depends on a person afterall.
People are interested in investing in bitcoin or altcoin because they hope to get a lot of benefits. Craving a lot of profit through investing is not wrong, but an investor must have a portfolio before they really want to invest large amounts. Bitcoin investments allow people to get bigger profits, but putting all the money here will only make us bet with high market volatility. Not many people do it now, because people already understand this investment.
Now the complete market is dull and I don't know whom you find that people have interest over the cryptocurrencies now. There are very few people in the market and they doesn't show the interest and investment on ICO.
Then rarely good projects coming as well as market booming also not falling now.
You already said it all -- you should not invest all your money in one basket or if it breaks all the eggs you have in that basket is going to break. Investing in Bitcoin is not a must, there are other businesses that are far much better than investing in bitcoin.
Yes, there are people who invest in Bitcoin and it works out for them and there are still people that will invest and end up losers, yes I have seen a lot of them, although you never get to hear their story, because all you hear is the story of those few that luckily made millions of dollars from bitcoin. You don't hear those that lost everything, including those that lost during the bull run. So, before you invest in any business you should first of all know whether it's going to work out for you, take time out and learn about it. Don't do things just because others are doing it, it might not work for you.
Yes, there are people who invest in Bitcoin and it works out for them and there are still people that will invest and end up losers, yes I have seen a lot of them, although you never get to hear their story, because all you hear is the story of those few that luckily made millions of dollars from bitcoin. You don't hear those that lost everything, including those that lost during the bull run. So, before you invest in any business you should first of all know whether it's going to work out for you, take time out and learn about it. Don't do things just because others are doing it, it might not work for you.
People are interested in investing in bitcoin or altcoin because they hope to get a lot of benefits. Craving a lot of profit through investing is not wrong, but an investor must have a portfolio before they really want to invest large amounts. Bitcoin investments allow people to get bigger profits, but putting all the money here will only make us bet with high market volatility. Not many people do it now, because people already understand this investment.
Now the complete market is dull and I don't know whom you find that people have interest over the cryptocurrencies now. There are very few people in the market and they doesn't show the interest and investment on ICO.
Then rarely good projects coming as well as market booming also not falling now.
This is a form of greed that can not be controlled and ambitious just to get big profits without thinking about the risks to be faced, it is a very rash decision and must be mentally strong because the risk that will be faced between getting a big loss or big profit.
to act like that must have a high level of expertise and be prepared to face losses.
Wise men knows how to handled their investments, it's not because someone tell you so, you will do it. It's good that they will listen to others but they have their own mind to decide and putting all in crypto is indeed not a good decision as market is too volatile, we should create our own basis when we make decisions not just because someone told us to do so. to act like that must have a high level of expertise and be prepared to face losses.
This is a form of greed that can not be controlled and ambitious just to get big profits without thinking about the risks to be faced, it is a very rash decision and must be mentally strong because the risk that will be faced between getting a big loss or big profit.
to act like that must have a high level of expertise and be prepared to face losses.
Wise men knows how to handled their investments, it's not because someone tell you so, you will do it. It's good that they will listen to others but they have their own mind to decide and putting all in crypto is indeed not a good decision as market is too volatile, we should create our own basis when we make decisions not just because someone told us to do so. to act like that must have a high level of expertise and be prepared to face losses.
I do not teach my friends in crypto to invest all their hard-earned money and property just to make a big profit, this is called gambling for me. Because the only people who do this are people who addicted in gambling and enter into risky gambling with only luck and no strategy and knowledge to win.
This is a form of greed that can not be controlled and ambitious just to get big profits without thinking about the risks to be faced, it is a very rash decision and must be mentally strong because the risk that will be faced between getting a big loss or big profit.
to act like that must have a high level of expertise and be prepared to face losses.
to act like that must have a high level of expertise and be prepared to face losses.
I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
There are two aspects of this thing. He would have looked like an idiot if bitcoin would have been somewhere less than $1000 as he would have felt himself as broke. Thing is even if someone takes an entry at $10k and price reaches 20k you are one of those people who have got profit out of the market and you are a guru. This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
Coming to the second part you should never invest in something which you can't afford to lose. Especially in such a volatile investment. We all say don't put all your eggs in one basket. But I would say don't keep all your eggs jn any any basket. Only keep 60-70% eggs at once and hold the rest in liquidable securities with zero risk.
Almost every one thinks and expect to get large amounts of profit in Bitcoin investment. If we get profit in bitcoin investments good news and all will crave for investment. But it is not good because i personally experienced loss in bitcoin investment.
So guys i personally suggest that before investing any large amount in crypto currency you have done some research about what is safest way and when you have to invest.
So guys i personally suggest that before investing any large amount in crypto currency you have done some research about what is safest way and when you have to invest.
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