Can I invest my 60% savings in Bitcoin?

imamusma

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Quote from: 19Nov16 on May 30, 2023, 01:54:00 AM

In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.

Try to read the topic properly before you reply.
The OP doesn't appear to be investing 60% of his salary in bitcoin, but he plans to take 60% of his budget savings to invest. It's clear to me it has nothing to do with making ends meet since the OP probably has enough salary to handle that. The other 40% will be considered as reserve money after 60% of which is used to invest.

Avoid panic by ignoring the volatility of the crypto market if you really want to invest long term. Panic selling when the price drops is definitely to be avoided as you will only end up losing instead of winning. So ignore market volatility and hold onto your bitcoins, it is a long term investment strategy.

globalpain

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In my opinion it is very unfortunate if you choose to invest 60% of your savings,
because in Bitcoin the price is already quite expensive and the ROI from Bitcoin is also quite high so the profit you will generate is also not too much,
my advice is to choose altcoins for your investment because in altcoins you can generate much more ROI than Bitcoin.

rhodelmabanal

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Quote from: Sandra99 on February 06, 2023, 01:13:21 PM

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss

waiting for all expert members suggestion?

The decision is all yours my friend you can invest 60% of your saving in bitcoin because bitcoin is a legit and trusted coin in crypto so it is less risk than investing in other coin, just make sure that you have big patience in waiting for the possible profit because sometimes it takes so many years before we can earn, don't let others make a decision for you decide by your own to avoid regret at the end.

19Nov16

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In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.

Stavri

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Quote from: Sandra99 on February 06, 2023, 01:13:21 PM

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss

waiting for all expert members suggestion?

you can simply dca to minimize the risk.

Quidat

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Quote from: Wend on May 28, 2023, 11:20:05 AM

Quote from: noormcs5 on May 28, 2023, 09:11:26 AM

Quote from: BobK71 on March 09, 2023, 01:45:57 AM

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Indeed, I am not opposed to people investing in altcoins, even myself I like to invest in altcoins because of the profits it brings. But we should focus mainly on bitcoin and only a small part on altcoins. Frankly, investing in altcoins is gambling, so know what you are doing with your money, the higher the return, the higher the risk. Furthermore, the bear season is not a good time to invest in altcoins, altcoins should only be considered during the bull season as they are short term investments.

We know that diversification is always been that suggested or recommendable on which it would really be just that normal that we would really be going to look after on some corners or chances on which we could potentially make some income or profits too.Yes, we should really be that focusing on bitcoin but its not really that bad to go for some alternatives on which it could also make or potentially be able to make income which we are really that free to do so. This is why diversification is really that recommended but of course this isnt something that way too simple to deal with because if we do speak about being having that kind of less risks then sticking with Bitcoin would be the best shot but if we do speak about diversification then looking for some altcoins wouldnt really be that a bad idea either.
It would really be that just depending on your appetite because not all people would really be having that kind of approach when it comes into their investment but rather they would be sticking
into something that would be giving out some assurance or something like that.

Nrcewker

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Quote from: BobK71 on March 09, 2023, 01:45:57 AM

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Definitely we should at first do a background check on the project that we are investing. I am also not in favour of investing in altcoins , as often here the chances of getting scammed or losses are high. We know what Bitcoins are capable of. We know these coins are rare and limited in number. The trading volume and marketcap is also high. So this all indicates that the price has higher chances to grow. Hence investing in Bitcoins can be considered as a good option. Moreover OP yes you can definitely invest the amount.

Wend

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Quote from: noormcs5 on May 28, 2023, 09:11:26 AM

Quote from: BobK71 on March 09, 2023, 01:45:57 AM

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Indeed, I am not opposed to people investing in altcoins, even myself I like to invest in altcoins because of the profits it brings. But we should focus mainly on bitcoin and only a small part on altcoins. Frankly, investing in altcoins is gambling, so know what you are doing with your money, the higher the return, the higher the risk. Furthermore, the bear season is not a good time to invest in altcoins, altcoins should only be considered during the bull season as they are short term investments.

YUriy1991

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Investing 60% of your savings in Bitcoin involves is a good idea and a wise approach. If I notice it seems you already understand the market performance that the price of Bitcoin is very volatile and can experience substantial fluctuations. To make sure Bitcoin will drop below $20,000 I don't think anyone can guarantee it won't go down but look at the issues that will affect the price and there you find out what the Probability of Going Down by itself.

Yes, no one wants after investing their asset value to be ZERO. But I'm sure and you also understand that every investment involves risk, and there is no guarantee that our assets will increase or decrease. So, understand market performance first and only then do you enter the market so that no one will feel guilty later and as you said above.

noormcs5

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Quote from: BobK71 on March 09, 2023, 01:45:57 AM

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Ricardo11

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No one knows whether the value of Bitcoin will increase or decrease in the future. Investing in Bitcoin or anywhere else does not guarantee profits. You can gain or lose from it. Don't invest based on someone's advice. Invest what you can afford to lose. And invest just that much, which if unfortunately lost, this loss will not any affect your daily life. So, instead of investing 60% of your savings, invest 30%. Then you see and understand your investment situation. Next, do your own research to invest. Never invest based on what others say. Because it can take away your entire life's savings.

Sir Legend

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Bitcoin is a type of investment that is very volatile, increases or decreases in price can occur significantly, if we want short-term profits then we will be stressed, but if we hold bitcoin for the long term or at least 3 years then it will be easy for us to profit 100% or more , many people have succeeded and proved this, why are we still doubtful. Especially now that the price is still cheap and provides a good opportunity to start investing.

EarnOnVictor

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Quote from: BobK71 on March 09, 2023, 01:45:57 AM

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

I will always say that investing in Bitcoin is a very good bargain, still, the potential investor should not just jump in, the rudiment of Bitcoin investment should be well known. Additionally, it's very good to ensure that the investor is very speculative in nature, not that such would be gambling or relying on what some websites say of the coin.

If this could be done and the buying is done at lower levels, then I am so sure that the investment will be worthwhile.

BobK71

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An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Wiwo

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Quote from: n0ne on March 08, 2023, 07:24:06 PM

Most of the users prefer to diversify the investment, because no one is sure of the market crash and recovery. When we go for high value investment on single asset we need to go with the amount that we can afford to lose or have the patience to enjoy the profit, only then investment becomes effective.

Talking about diversification, let's know that diversification I'm cryptocurrency means we move from bitcoin into investing some percentage on other coins in the altcoin market since we don't know what exactly will happen in the future.

-This practice is nothin different from gambling, this is because the investor will have to rely on luck and chances to make anything out of the investment, but I do rather. Hold more bitcoin than to gamble with altcoins because an altcoin is a high risk compared to Bitcoin.

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Quote from: Macadonian on March 07, 2023, 08:32:45 PM

Investing a huge sum into Bitcoin all in one is very risky. I recommend investing with dollar cost averaging because it takes a lot of the risk out of investing in Bitcoin. If you invest a big amount all in one it adds pressure to selling. Dollar cost averaging covers you when Bitcoin drops and it is the number 1 method that all the WO topic agrees on. You can still invest a lot of money in dollar cost averaging by doing big sums each time and it would do better then investing all at one time especially if you need the money at some time because of a emergency.

Investing through the Dollar Cost Average practice would help with buying at the best price. This works most of the time unlike the bullish/bearish market situation. When you invest all of the sudden you'll be highly profiting or at the highest loss. Through DCA technique this can be avoided. Most of the users prefer to diversify the investment, because no one is sure of the market crash and recovery. When we go for high value investment on single asset we need to go with the amount that we can afford to loss or have the patience to enjoy the profit, only then investment becomes effective.

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Quote from: GigaBit on March 08, 2023, 03:46:40 AM

Quote from: Ngewex Yuk on March 06, 2023, 05:50:28 AM

Bitcoin has a good chance in the future, the trend of investing in bitcoin which has been popular since 2011 has made many people new millionaires, even I have seen a wallet that has stored bitcoins since 2010 and sold around 100 btc from 2016 to 2022, the owner of the wallet it says that at that time he was selling a car and buying about 2500 btc from 2010 to 2013.

This is how some people will achieve their goals with Bitcoin and there will be others who will only regret it. Because not many people get the opportunity to buy Bitcoin. I personally took a position to buy Bitcoin at $3000 but couldn't buy at that price in hopes of a further dip. A moment I will never forget. Likewise those who wait longer with Bitcoin today may lose the ability to buy Bitcoin on demand. If an investor can invest in Bitcoin after researching the current market and planning to hold it for a long time then it is worth investing and OP can invest 100% instead of 60% if he wants. But it is important to hold bitcoins according to the goal.

Regrets would be unlikely if you are really that accepting that risks since from the start or beginning on which you are fully aware on what are the things that are happening around or could possibly happen.
When we do speak about crypto then we arent that dumb not to know about volatility because whether you are a beginner or a newbie, sooner or later you would be able to realize those things along the way
on which it would really be giving out that kind of awareness on how this market behaves or works which its up to you whether you would really risk up on putting up your 60% saving into it or not.
You are the ones who would be making out such decision.

GigaBit

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Quote from: Ngewex Yuk on March 06, 2023, 05:50:28 AM

Bitcoin has a good chance in the future, the trend of investing in bitcoin which has been popular since 2011 has made many people new millionaires, even I have seen a wallet that has stored bitcoins since 2010 and sold around 100 btc from 2016 to 2022, the owner of the wallet it says that at that time he was selling a car and buying about 2500 btc from 2010 to 2013.

This is how some people will achieve their goals with Bitcoin and there will be others who will only regret it. Because not many people get the opportunity to buy Bitcoin. I personally took a position to buy Bitcoin at $3000 but couldn't buy at that price in hopes of a further dip. A moment I will never forget. Likewise those who wait longer with Bitcoin today may lose the ability to buy Bitcoin on demand. If an investor can invest in Bitcoin after researching the current market and planning to hold it for a long time then it is worth investing and OP can invest 100% instead of 60% if he wants. But it is important to hold bitcoins according to the goal.

Macadonian

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Investing a huge sum into Bitcoin all in one is very risky. I recommend investing with dollar cost averaging because it takes a lot of the risk out of investing in Bitcoin. If you invest a big amount all in one it adds pressure to selling. Dollar cost averaging covers you when Bitcoin drops and it is the number 1 method that all the WO topic agrees on. You can still invest a lot of money in dollar cost averaging by doing big sums each time and it would do better then investing all at one time especially if you need the money at some time because of a emergency.

romero121

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Quote from: GeorgeJohn on March 07, 2023, 06:56:02 PM

Quote from: Ngewex Yuk on March 06, 2023, 05:50:28 AM

Bitcoin has a good chance in the future, the trend of investing in bitcoin which has been popular since 2011 has made many people new millionaires, even I have seen a wallet that has stored bitcoins since 2010 and sold around 100 btc from 2016 to 2022, the owner of the wallet it says that at that time he was selling a car and buying about 2500 btc from 2010 to 2013.

That's while among cryptocurrencies Bitcoin is best among all, so irrespective of it's falling it still have values, some people who purchased Bitcoin during 2009 and 2010 when Bitcoin was fully launch, and during that the price of Bitcoin was not much compare like now, they have made it now, that's while we continue to advice people that no time someone invest in Bitcoin is wrong time, it's just depends on the time Factor we want to keep our coin before harvesting, some for Bitcoin investment theirs every tendency the more the year are running the more Bitcoin is getting appreciating

Agreed and patience to hold is more important to profit from bitcoin. Not everyone have the patience. Apart from that people have some wrong understanding about cryptocurrencies which too a reason that people stay away from bitcoin. Over time this will change. When the investing captial won't hurt you even if the market turns downward and you're in a situation to cash out then you're good to invest. If you feel the down market might affect your lifestyle or other financial pressure then the market isn't for you.

Topic: Can I invest my 60% savings in Bitcoin? (Read 1174 times)