Topic: Can I invest my 60% savings in Bitcoin? - page 4. (Read 1174 times)

Just invest what you want to lose but that doesn't mean that you'll be accurately going to get losses with bitcoin, no you just can't.

The market is no longer exotic to the masses since it's been there for years and the mainstream and financial institutions are also in.

But if it's for investing anything from your savings, yeah bitcoin is the right choice.

Bitcoin is a great investment if someone wants to receive little, but steadily. I understand that these are averaged concepts, and no one can promise anything in cryptocurrency. But if you compare it with the new coins, it's a great investment. In the new altcoins, you can lose the entire amount at once, only once you have trusted the wrong company/project.

No one says it is guaranteed to be increasing each time when you invest in bitcoin but at least what we can be assured is that the safeties of our funds comparing when it is putted in altcoins specially in shitcoins or similar coins to it.
why need to trust shitcoins when there is bitcoin that from the beginning we already knew how safe and effective in bringing profit to investors?

If we are just about to start investing and don't have experience in this area, not necessarily we put a huge amount like 60% on it as it was advisable to start with a little amount. In fact, 35% is even big for beginners but still, it was manageable if ever we fail on the first attempt. It was very important to determine the amount that we can afford to lose. In fact, we can gradually increase our investment capital at the moment that we are sure we can take the risk and when we are confident enough about it.

If you have that kind of mentality and you are willing to wait for a much bigger profit, this kind of strategy will work and will give you big benefits when another bull market hits up. It's not an assurance as no one knows what can be the fate of crypto, especially Bitcoin, but looking from the past market movement, it really gives a huge amount of benefits to all who believe in doing a long-term investment.

It's up to your good knowledge to take that long risk with a huge percentage of your investment using Bitcoin as your main source.

Honestly the question has the answer already, and people who said "don't" are right. Not because bitcoin is a bad investment, but if you can't afford to lose 100% of your investment, then do not invest into anything at all, because it shouldn't be an issue for you to invest and still live normally.

I personally invest money that I do not need in my regular life, which means if I lose 100%, tomorrow will be the same as today for me. Of course I would be very upset and sad, but being upset and being poorer are not the same thing. If you can't afford to lose 100%, then do not invest into anything, and try to figure out how much you can afford to lose 100% and invest that much.

Believe that the price will definitely fall, but no one knows how deep the decline will be. Price changes in the market are the most unavoidable thing which is then referred to as volatility, and that's how the market has always worked.

Buying every dip and hold is great for your long-term investment, especially if you actually have the budget to stick with it consistently. The potential that bitcoin has in the long term is a possibility, and the so-called probability is definitely uncertain. You have to understand what the risks are, but that doesn't mean you shouldn't invest. Only play an amount you can afford to lose, whatever it is.

yes you can surely save 60 prevent of your saving in bitcoin because bitcoin is secure investment. There is no guarantee that it will reach the level below 20k value or not but according to the prediction of experts bitcoin will rise soon as it is now decrease in price so you can investment some part of your money.

You should not invest 100 percent of your money because sometimes you will need it for some purpose and you will be unable to sell your bitcoin so put that amount of money which you do not use and is save as an extra income.

60 percent is enough amount to make investment in Bitcoin so it will be perfectly possible for a huge return once the market recovers back to its elevated cost.

Well as an investor if your personal needs still eat up 35%+ of your total accumulated income it then means you are not a passive investor and just a holder, since there is a difference between an investor and a holder.

-While an investor does not make provision for personal use in the total capital since he will have that covered by other allocation,  a holder on the other hand can combine two both personal and investment.

It will be hard to determine whether the price will go dip again, but when it comes in Bitcoin prices it's good to just hold provided we have money to spend in our needs and everyday life also in case of emergencies so we will not be required to sell our investment at low price due to the fact that we put our money all in Bitcoin. I do accumulate Bitcoin whenever I can, but also pay my insurance, bought some stocks and left some savings at bank. We can't guarantee the prices but remember we're not at loss in crypto or in stocks as long as we don't sell it.

Many people say that Bitcoin is very good to invest in, the possibility of price increase is still there, but no one guarantees, all are just predictable and unfounded. Investment is a risk, you may lose a part of the property but can also lose all the investment amount, so if you are not ready for losses, it is best not to invest. That's sincere advice, even though I'm a bitcoin investor.

It's also good enough for you if you can apply it for a long time, especially if you can be very comfortable running it because you don't experience difficulties for other needs. But the question is why do you only collect 50% of your total assets and then sort it out a bit for investment? Even though you can calculate all the assets you have 100% even though in the end you will only use 35% for investment.

I accumulate 50% of the total assets so it is not effective to use half of the funds for investment, we must have financial management to sort out the allocation and determine the right total amount of investment, I have 35% for investment allocation at this time, so the allocation for investment funds is not disturbing other needs and can be used for long-term investment.

This may be wrong from your point of view, but long-term investors think this way. If you rush into a huge bull market and buy at the top price, it's not an investment, it's considered a FOMO buy. Those who FOMO bought at the top during the 2017 bull market could still profit in 2021, if they held their Bitcoins patiently. So you have to take the investment decision considering the current situation of the market, because you don't know exactly where the bottom of the market will be. So one should invest by estimating the market price, patience and following the buy price averaging strategy.

The ideology that 1 BTC is 1 BTC is not a good thing for investments, the striking price matters. It might only be good for those that bought the coin when 1BTC is 1 USD. Otherwise, a person that bought it at $60,000 will not take it lightly losing so much with the coin being at below $25,000 for too long, and with no assurance that it will soon hit the striking point soon. Especially when the amount bought is much.

Investment is not a game or gambling, you need to be sure of what you are doing, not as many relate it to Bitcoin, it needs proper speculation and plans. If care is not taken with the ideology that 1 BTC is 1 BTC, good investors would have made millions while you will make nothing.

but wait mate , where did you get that 50% allocation being the  main point? i have not seen this to be effective specially when talking about this top one coin?
this is also why we need to Keep it holding comparing to short term or daytrading.

I believe that Bitcoin is for future and altcoin is just for sharing .

Allocating funds is recommended lower than 50% but it all depends on each personality, even though we know that there is a high recovery period and even bullish it has an impact, the price of bitcoin will increase dramatically in the future, but there is no financial urgent need that can be predicted and maybe we It requires it when the price of Bitcoin has declined significantly, instead of applying for a loan but we have to cut loss to prioritize urgent needs.

and in conclusion, it all depends on the strategy we will use. Allocating 60% or less is not a benchmark. But for beginners it is quite big, because when they start to panic when the market crashes they will do stupid things by doing cut losses. it takes some education for beginners on how to deal with crashes like that, if they crash by holding bitcoin it is still quite safe and the price will of course come back again. But if you hold other than bitcoin it will be more risky and it may take a long time to return to the initial buying price.

Bitcoin is risky and plummets anytime without giving an indication but despite this thing, I still believe that Bitcoin is a good investment.
Of course, nobody could afford to lose all of their money which is why we should invest only the amount that we can afford to lose. Meaning, if that 60% you hold is the amount that you are willing to risk, then stick to it. Because as we know that investing simply doesn't just work in an easy way, it should be managed carefully otherwise, all your hard work is gone too quickly.

Because experience will teach anyone to make better choices, for beginners it's better to try investing in a slightly smaller amount, so that the learning process doesn't involve too many risks when market conditions fall so hard, this will slightly affect psychology because investing uses Money. Therefore, the investment journey process must pay attention to the level of risk that will be incurred, so that beginners have the right conclusions when they want to do it.

It's different if beginners understand the concept of investing in bitcoin by taking long-term patterns. But in many cases when market conditions fall and the percentage of 60% bitcoin held by beginners, they will automatically experience panic and will try to cut losses by selling their assets. Therefore I say that knowledge will bring someone to the stage of perfection in thinking and acting on responsibility for the investment he makes.

In general 60% is a large number for beginners when investing in bitcoin, especially when calculated from the total savings they have. In my opinion, adjustments are needed in investing and cannot be forced instantly, because if you want to make the right investment, consideration is needed regarding the benefits that will be obtained and the risks that will be incurred in investing.