Topic: Can I invest my 60% savings in Bitcoin? - page 10. (Read 1239 times)
Always invest what you can afford to lose because we don't know what will happen to the price; we can't 100% predict the market. That is why others won't go all in because they don't want to lose all of their money. You should first ask yourself before asking for predictions if that 60% savings is okay for you to lose. I mean, even if you do everything but still use it, is it okay for you? like you don't struggle in life? If yes, then that is the time you'll decide, as for sure people will say here that it has a low possibility that the bitcoin drops to 0. If I were you, I would invest it in bitcoin and hold it for a few years.
If you not want to suffer 100% loss, then Bitcoin is the best choice since I believe how hard the situation is, Bitcoin price will never hit $0, but $1 could be possible... after all it's 99% loss not 100% loss isn't?
You can invest all the money you have, but don't blame me if you can't buy foods for you daily life because you don't have any money or your country don't accept Bitcoin as a currency.
You can invest all the money you have, but don't blame me if you can't buy foods for you daily life because you don't have any money or your country don't accept Bitcoin as a currency.
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?
Right now bitcoin has managed to strengthen at a price of $22K after previously continuing to be under price pressure between $19- $20K, but for exact price conditions we cannot predict for sure what will happen to bitcoin next, whether it will fall below $20K or bitcoin will again set a record for the highest price, I personally don't dare to suggest you but if I were you then I would share 50/50 of my savings, because I think bitcoin is also a form of saving for my long-term investment, while I have another 50% of my savings I will make it as an emergency fund when needed. how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
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?
how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
Investing 60% of your savings in bitcoins all at once seems a bit much for my risk appetite. First of all, where is your money invested in right now or are you just parking the money in a savings account at the bank. In case you already hold risky assets like stocks and would switch out of them I would split up your money. There is no guarantee at the moment that bitcoin isn't going to drop below 20k USD again. How about you start with 20% of your money and see how it goes? Better to split out your purchases over a few months.
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
Seems you already answering your question here, then the answer for me is also a YES. If you can afford some loss, then only invest what you can afford.waiting for all expert members suggestion?
Since we are talking savings here, always don't go all in, I agree that you allocated 60% which is good, so other percentage, you can use it as emergency funds especially if you have a family, it's a big help.
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?
If you do not use leverage then the only way for you to sustain a 100% loss on your investment would be for bitcoin to reach zero, and this is almost impossible, as a network which allows you to move money all over the world independently from the banking system will always hold some value.how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
And when it comes to going below 20k or not, no one really knows, we are still close to it so at this moment the possibility of this happening seems moderate to me, but this could change depending on the news and the economic recovery we experiment over the next months.
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?
University in Bitcoin have to be wise and you don't have to use your life and money to invest in Bitcoin for a long time what will I have to use to invest for bitcoin is here extra money which you keep for any other thing that is not really important to you because investing all what you have in Bitcoin it can make you to go into them because you are not assured of your investment coming out to be profit how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
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?
how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
I think it's possible for Bitcoin to crash again at 20K or maybe below.
I don't think anyone can accurately predict the rise or fall of Bitcoin.
I think you will have a 100% loss if your Bitcoin assets are lost due to being stolen or hacked.
Whatever amount you want to invest from your savings, it's all up to you.
Because the investment is entirely your own responsibility.
The advice given by other people may not work for you, do your own research.
Don't rush into investing if you don't fully understand how to invest properly and what the risks are.
Take your time to read and understand how to invest and minimize risks from this forum or from several other article sources.
bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?
how much Probability for Down ?
We cannot precisely predict the movement of the Bitcoin Market. The trend might go up or down depending on the sentiment of the market, so yes, it is possible for Bitcoin to crash again below $20k. No one can measure the probability since the market is unpredicted. If ever someone state a percentage, that is all a wild guess.
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
waiting for all expert members suggestion?
Just hodl and aim for the long term. If you can't afford a 100% loss of your savings then put in the money that you can afford to lose. It is as easy as that.
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?
Anything you are investing in the cryptocurrency market you need to understand that the market is always very volatile which is the frequent changes in price. Tye market is trying to be bullish and this is a good time to hold Bitcoin and keep fro the main time until you think if selling it to the market back. This is a risky adventure and you should be ready for any outcome. how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
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?
how much Probability for Down ?
suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
Invest as much as you want to hold long term. Bitcoin is the best long term investment vehicle in the world.
We're still in the bottom of the bear market, so prices won't go down that much, but no way to know if price will go up or down in the near future, but it doesn't matter if you are investing long term.
Just buy your bitcoin and then move it all to your own bitcoin addresses securely and safely. Only way to lose 100% is if you allow someone else to control your Bitcoin (like an exchange) and you are unlucky enough that the exchange gets hacked, or you don't keep your keys safe and somehow lose them.
Nothing wrong with 60% of your money going into Bitcoin. Until a couple years ago I had about 95% of my money in Bitcoin, and still have 2/3rds of it in Bitcoin. It's the simplest, safest, and best place to store your long term money.
If you buy Bitcoin gradually, your average cost will be appropriate. I think Bitcoin is an asset that can be bought at almost any price. If you want to protect your money against inflation and are a long-term investor, Bitcoin is the perfect opportunity for you. You can get an idea of what it might do in the future by looking at its past price movements. I wish you good luck.
I would do it, and without any remorse, of all the things that exist for investment, one of the safest that I see exists and that there is a great opportunity is in bitcoin, what's more I haven't found anyone who can lend me a lot of money, because I would put it all in bitcoin, and I would be in charge of paying its interest each month without touching capital, because when bitcoin rises I would pay my interest for the month and full capital, that is what I call a high-risk investment, but if I had savings, I wouldn't I would leave 60%, I would leave 80% in pure bitcoin.
You are free to do so but never disregard the tendency of loss if ever the market will collapse by any reason. That is the idea behind any investment. Cliché as it sounds but only invest an amount you can afford losing. This industry has lots of potential and is really profitable but its nature of market volatility is just something to not be disregarded. There are times wherein its price would be on upward motion but also times for downward trend. This industry still has issues regarding acceptance across the globe so maybe you know already what I am trying to point out. It is a good idea to only invest a portion of your savings but know your limits and capabilities as an investor as well.
It may happen and it may not, the chart is still running on a line with no signs showing a significant jump or drop down, but if you intend to invest and anticipate that you are not ready to accept a 100% loss or cannot bear a total loss, you can use most of the money that you may not use for a period of several months or even years, because some of this money is suitable for you to invest with long-term investment notes to get maximum profits.
But basically, 100% loss / total loss is impossible, except in Altcoins not in Bitcoin, which often happens to people who invest but don't make a profit, maybe they sell it at a slanted / lower price when buying. Regardless of the advice of members here and us included, this returns to you, if you wish to place 60% of your total investment wealth in Bitcoin, the answer is yes you can, this is your savings and you can use it as you wish..
But basically, 100% loss / total loss is impossible, except in Altcoins not in Bitcoin, which often happens to people who invest but don't make a profit, maybe they sell it at a slanted / lower price when buying. Regardless of the advice of members here and us included, this returns to you, if you wish to place 60% of your total investment wealth in Bitcoin, the answer is yes you can, this is your savings and you can use it as you wish..
Simple thing is to learn about the market and further make a decision whether to invest or not. As every form of investment, cryptocurrency is subject to risk and it is our responsibility to know about it and invest than going for it on someone's suggetion. Watching the market movements for few days itself gives a better picture about the market. Further going for an investment seems to be fair, whether it is 60% or 100% is upto the users choice.
Honestly, no one knows what will be the next price movement of Bitcoin but if you already know the history of Bitcoin since before then investing your savings into Bitcoin is a good choice.
However, since Bitcoin is volatile there is also a chance that Bitcoin may drop again below $20k so if you don't want to lose that chance invest only 30% on the current price and then the remaining 30% invest it again when the price drop below $20k or depending on how much you want to invest.
And take note there are many newbies lost due to selling their coins early when they see price drop you must learn to control your feelings because Bitcoin is for long-term investment not for day trading.
However, since Bitcoin is volatile there is also a chance that Bitcoin may drop again below $20k so if you don't want to lose that chance invest only 30% on the current price and then the remaining 30% invest it again when the price drop below $20k or depending on how much you want to invest.
And take note there are many newbies lost due to selling their coins early when they see price drop you must learn to control your feelings because Bitcoin is for long-term investment not for day trading.
suggest please I can bear some Loss but Can,t afford 100% loss
Stay in the market and do not be afraid of correction, it does not matter the small loss, maintain your presence in the market, and invest in what you can lose, 60% varies from person to person according to his needs. You can invest a smaller percentage if you do not believe in Bitcoin, but in my opinion, even if Bitcoin goes down below the $20K Level I will not sell, because I trust that the next small storm with a price correction and that the bull comes very quickly and I must be there, do not let the FUD affect you and make you lose hope, do your own analysis and wait for the good time to enter. 
bitcoin can Crashed again Below $20K Level or Not ?
Nothing is impossible, especially on short term.
Even on long term, we don't have crystal globes here. It's a Bitcoin forum here, so you'll find out that we trust Bitcoin and we think that its price will grow, still, Bitcoin is a rather risky investment and you should invest only money you afford to lose and only if you understand what you're doing (because bitcoin is also very easy to get stolen).
how much Probability for Down ?
I think it's not too big, but I'm no expert and I was wrong before with my expectations.
suggest please I can bear some Loss but Can,t afford 100% loss
100% loss by price going down is highly unlikely. However, as I said, you also need to learn to protect your coins properly against theft. And, as FTX story shown us, you will have to learn to be your own bank.
waiting for all expert members suggestion?
Whoever calls himself expert will be proven wrong by the history. We're just normal people and we may or may not be wrong. You should gather all the information you can get and take your own decisions.
Sort of like asking an obsessive car collector whether it is a good idea to collect cars.
And yet, most of the answers are not bad at all
(including yours!) 
Do you actually think any of us can give you an accurate answer?
You are scared for your life to lose money in Bitcoin and you are asking Bitcoiners whether it is a good idea to invest in Bitcoin. Sort of like asking an obsessive car collector whether it is a good idea to collect cars.
Where has common sense gone?
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Regards,
PrivacyG
You are scared for your life to lose money in Bitcoin and you are asking Bitcoiners whether it is a good idea to invest in Bitcoin. Sort of like asking an obsessive car collector whether it is a good idea to collect cars.
Where has common sense gone?
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Regards,
PrivacyG
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