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 
Topic: Can I invest my 60% savings in Bitcoin? - page 2. (Read 1174 times)
I can draw one conclusion from that suggestion, investing in Bitcoin is not limited to 60% or 100%, as long as you have the will and are able to do it, do it, all that you enjoy.
I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.
Invest responsibility and only invest what you can afford to lose and money that you will not need for a couple of years because Bitcoin is not a quick rich scheme it is a long investment that should give people results if they are prepared to wait but most people are not prepared to wait and panic sell when they see a crash or we enter a bear market. There is no perfect time for investing into Bitcoin but there is a perfect investment which is Bitcoin. I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.
Investing or putting more than half on bitcoin then i wont be saying that it isnt really that worth but just as said that it would really be always recommendable that only put up the money which you can really afford to lose.We dont know on how the future holds or what would happen ahead considering that value would be always depending or basing up with community demand and recognition.
We know that nothing do last forever on the top or on peak spot and this is why its really that recommendable on having those risks management to be on play.
I can draw one conclusion from that suggestion, investing in Bitcoin is not limited to 60% or 100%, as long as you have the will and are able to do it, do it, all that you enjoy.
I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.
Invest responsibility and only invest what you can afford to lose and money that you will not need for a couple of years because Bitcoin is not a quick rich scheme it is a long investment that should give people results if they are prepared to wait but most people are not prepared to wait and panic sell when they see a crash or we enter a bear market. There is no perfect time for investing into Bitcoin but there is a perfect investment which is Bitcoin. I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.
waiting for all expert members suggestion?
I've read some advice from Bitcoin experts, they are experts on speculation & predictions about Bitcoin.Suggestion:
If you want to invest in the crypto world, don't look back and now, look forward, where you yourself never know what will happen, that's the crypto world.
I can draw one conclusion from that suggestion, investing in Bitcoin is not limited to 60% or 100%, as long as you have the will and are able to do it, do it, all that you enjoy.
I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.
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?
I think it is the biggest folly to ever lose patience with Bitcoin investing. Because investing in elat coin has the highest risk of losing money but investing in bitcoin never has the risk of losing that much money. Currently the market is at $22k and investing from this position will never lose much if the market crashes. Of course the market will work in 2023 but just wait for the time and if you invest in Bitcoin right now you will surely get good profit in future. 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 put something like %35-36 of my portfolio in Bitcoin. Obviously you can, you can invest like half of your life savings into Bitcoin. I am even sure you will get nice profit through this method. But I honestly cannot suggest this to any relatives around me. It is very very risky method of crypto investing. Bitcoin is number one, the best cryptocurrency out there. But considering its already 22k, I think its possible you can lose half of your intial investment. So losing %30 of your portfolio. I think its for people with relaxed financial status. Regular family dads can't do it.
I think it would be better to do your own research and study how crypto works before investing. Because bitcoin can dip and dip until you lost a huge amount of money. I suggest to know your timing and invest at the dip and hold. Because many people succeed in investing in bitcoin and keeps investing so it's worth a try. Which is a good mindset for an investor. It's a win-win situation if you have return of investment and still have investments.
Savings should give a yield so its not advisable to speculate to this extent. Someone very young with supported income, known outgoings and a life time of career earnings ahead of them might consider it viable to take this risk. Also add in when you are young you are not risking as much, 60% of savings when you are 20 often isnt that much but at 60 its a silly risk when you will be retired soon.
The reason its speculation not investment as often misquoted when discussed is the return in active business is not there with a plain BTC holding. To hold BTC is to speculate in a commodity of some sort, it could be quite positive experience and reasonable in many ways but there is no way to exclude the higher risk of buying into the idea of higher future demand. The most certain investment to hold your own home in a modest way, this is demand you know the certainty of personally; consider other finance in parallel to that kind of certainty and known returns vs costs.
The reason its speculation not investment as often misquoted when discussed is the return in active business is not there with a plain BTC holding. To hold BTC is to speculate in a commodity of some sort, it could be quite positive experience and reasonable in many ways but there is no way to exclude the higher risk of buying into the idea of higher future demand. The most certain investment to hold your own home in a modest way, this is demand you know the certainty of personally; consider other finance in parallel to that kind of certainty and known returns vs costs.
If I have my way, I sure will be ready to take the risk of 60% of my savings in buying Bitcoin. Bitcoin is way too underpriced and we all know it. My candid advice is if it won't shake you a bit, then up you go.
I recommend having a plan before you invest a big amount like 60% if you do not set your price target and when you will definitely not sell when Bitcoin goes down you could panic. I have panic many times since I invested a lot of my life savings into Bitcoin. It is not fun when the price goes down and you have your friends talking about how Bitcoin is a bubble and it will not recover. If you cannot deal with that pressure you are going to panic and sell at a loss. I think you should be prepared to be invested for at least 5 years before reaching your price target if it is over x2 the current price.
If I have my way, I sure will be ready to take the risk of 60% of my savings in buying Bitcoin. Bitcoin is way too underpriced and we all know it. My candid advice is if it won't shake you a bit, then up you go.
currently the price of bitcoin is in the $22k range, although there is still a possibility of dropping below $20k but even if the price manages to drop below $20K the price will not be far from that point. it doesn't matter if you want to invest now because the percentage of prices going up in the future is much bigger because this year or next year it is very likely that the crypto market will enter a bullish phase.
We cant really make out conclusions in speaking about floor price or support or bottom because there's no way that we could precisely tell on which point even how good your technical analysis would be.Speaking about savings up or investing about 60% then i would say that it would really be that too much considering that about the percentage that you are putting into.If you could really bare up with the risks
then its up to your choice but if you do see that you arent that confident with those numbers then you could always lessening it out basing into your risks management.
Not all could really be able to bare up with the risk and this is why you should really be thinking carefully on which point you would be preferring into.
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.
Wow, that's a story from a very good Bitcoin history to know now, and by the way where did you read that story? or you see it yourself in your environment. Because in 2010 the price of Bitcoin was still under one dollar which then increased to one dollar in April 2011. This is a story from a very long history now and it is also long and it would be very natural that someone in that year could buy more Bitcoin because considering the price is super cheap compared to now. 
currently the price of bitcoin is in the $22k range, although there is still a possibility of dropping below $20k but even if the price manages to drop below $20K the price will not be far from that point. it doesn't matter if you want to invest now because the percentage of prices going up in the future is much bigger because this year or next year it is very likely that the crypto market will enter a bullish phase.
Although in conclusion it depends on how one allocates the investment amount taken, I don't think it is right for beginners to take the approach of 60% of their savings for investment. To be honest, we are not at the stage of saying that bitcoin will give them a loss, even when market conditions crash and make the decision to cut loss in a panic, but rather to educate how beginners control their attitude in making decisions that can bring them to the stage of perfection in choosing and decide something.
Because I am Sure the beginners we mean to understand about bitcoin and they know how bitcoin works so far, except those who are truly beginners in terms of knowledge about bitcoin and i also do not agree to hold anything than bitcoin for the long term. Because there will be many risks encountered and difficits to return to the previous price, especially in investing requires planning and strategies to get the appropriate return.
Doesn't matter if we are a noob or not, but 60 percent will always remain to be 60 percent, and it was big. It would be better if we reduced this amount to 10 to 20 percent so that we won't worry too much by the time Bitcoin is dumping heavily and may seem hard to recover anymore. I know Bitcoin isn't new and it already has a history of epic recoveries but man, we still can't predict the future.Because I am Sure the beginners we mean to understand about bitcoin and they know how bitcoin works so far, except those who are truly beginners in terms of knowledge about bitcoin and i also do not agree to hold anything than bitcoin for the long term. Because there will be many risks encountered and difficits to return to the previous price, especially in investing requires planning and strategies to get the appropriate return.
Also, people may got bored of waiting so they will just sell at a loss. Other than in Bitcoin there are still altcoins which can also work better for the long term. I think we already know about them but Ethereum is still currently the best and safest choice among others.
The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.
He must re-evaluate the distribution of his financial use to determine how much the allocation of funds is appropriate for investment and basic needs, but allocating 60% is highly discouraged for investment and he must cut 30% for the recommended amount for investment. however, he must prioritize finances for priority needs, urgent needs, and some of the funds from his savings are distributed for long-term crypto investments.Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.
It is a must to re-assess the amount of investment he needed or he can risk, 60% is big as the assurance of success is not guaranteed especially if investors is aiming for a quick turnaround, unless he can buy and hold for long and he will not be pressured when panic is already happening inside the market,
most of the time, those who losses a lot are people who can handle the risk that this market have, thinking that they can quickly earn with the volatility, they forget to include the risk factor when investing.
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.
It is a good decision if you invest 60% of your savings in bitcoin, in other words you have 100% of your savings and of course you have managed your needs well so that you have savings and risk funds or emergency funds for your needs in the next few months. . 40% of savings if you feel enough with it to cover unexpected budgets beyond the budget needs that you have made before.
Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.
I don't agree with your question, maybe 40% for investment is realistic for long term investment and 60% for allocation for priority needs and some for unexpected urgent needs, if you increase more funds for investment then something you have to cut crypto investment costs for priority needs because you do not have other funds if there is an urgent need for medical expenses. So a wise investor will never allocate investment higher than priority needs, moreover crypto investment is also a high risk unless you are willing to hold it for the next few years.Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.
He talking crypto, namely bitcoin, not altcoins, so of course the focus is on the long term, yes, at least for the present moment, it's more or less a year and a half away.
The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.
He must re-evaluate the distribution of his financial use to determine how much the allocation of funds is appropriate for investment and basic needs, but allocating 60% is highly discouraged for investment and he must cut 30% for the recommended amount for investment. however, he must prioritize finances for priority needs, urgent needs, and some of the funds from his savings are distributed for long-term crypto investments. Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.
The investment hope is of course profit, if we look at the bitcoin investment record it will be difficult to hope for profit in the short term, it doesn't matter if we want to invest around 60% of the total assets we have, as long as we don't panic and hold for at least 3 years then we have a chance to earn big profits.
I think it's too risky. It's great to invest in bitcoin but 60 percent of your savings is obviously quite large. Even though it is indeed very good, we also have to pay attention to the conditions in which we live and still need funds for it. I think we have to realize that good financial management will not make choices by placing big risks, at least we have to think about situations where we can be unexpected. Investing for the long term and placing the meaning is clear that we cannot make any steps arbitrarily because this is related to the funds we have.The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.
The investment hope is of course profit, if we look at the bitcoin investment record it will be difficult to hope for profit in the short term, it doesn't matter if we want to invest around 60% of the total assets we have, as long as we don't panic and hold for at least 3 years then we have a chance to earn big profits.
I think it's too risky. It's great to invest in bitcoin but 60 percent of your savings is obviously quite large. Even though it is indeed very good, we also have to pay attention to the conditions in which we live and still need funds for it. I think we have to realize that good financial management will not make choices by placing big risks, at least we have to think about situations where we can be unexpected. Investing for the long term and placing the meaning is clear that we cannot make any steps arbitrarily because this is related to the funds we have. Jump to: