Can I invest my 60% savings in Bitcoin? - page 7.

Ludmilla_rose1995

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Quote from: Sandra99 on February 06, 2023, 12:13:21 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?

we can't predict the best price to buy bitcoin at any time, but the bitcoin price below $ 20k is really not to be missed. people who have successfully bought bitcoin when the price was below $20k, must have made a big profit now so that's as long as you have cash then buy bitcoin as much as you can, the new ATH of bitcoin will definitely happen again.

alastantiger

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Quote from: Sandra99 on February 06, 2023, 12:13:21 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?

It is really up to you whether you want to invest 60% or 100% of your savings in Bitcoin. However, you should bear it in mind that bitcoin is a high-risk, volatile investment. As you may have heard which is also true, bitcoin price can change rapidly, and you run the risk of losing a good portion of your investment. The first step to take before putting your money into Bitcoin is a deep research. Doing so will give you a proper perspective of what you are getting into that is, the pros and cons involved.

Pejoh Asu

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Today the market is red again and if we have a long term goal then today is a good time to top up the wallet balance, many are worried if the price will drop below $20k, and I think we can see in 2 or 3 days, if the price still above $20k the chances of going up are greater than dropping below $20k.

blockman

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With that type of question, I think you're not yet ready. Just DCA so that you can manage how much exactly you'll be able to invest within a day or two.
It's like what you will decide to invest now or sooner based on the emotion that you're having. 60% is quite big but it couldn't be as big as I am thinking based on your perspective in the market currently.
If you ever decide to actually put that in an instant in the market, you might really want to look at DCAing it.

indah rezqi

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Quote from: Sandra99 on February 06, 2023, 12:13:21 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?

60% is a good percentage to consider on a bitcoin investment instead of an altcoin. I tend to recommend bitcoin as the best investment over altcoin, but that's for the long term. You can do it, but you have to be able to weigh the risks and for whatever it is - do it for an amount you can afford to lose.

We are basically no experts, but experience can teach us why bitcoin is the best investment option in crypto until now. If I were you, 80% of my funds would be in bitcoin and the other 20% in altcoin. However, have a reserve of your funds so that you don't have problems when you need funds urgently.

stomachgrowls

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Quote from: dragonvslinux on February 09, 2023, 10:39:13 AM

If you're worried about price dropping more than -10%, than it's probably not wise investing 60% of your life savings long-term! At current prices I think a 50/50 split in fiat and Bitcoin isn't a bad idea, but you'll need to be able to stomach the volatility in case prices crash to $10K. That said if you're not willing to invest around $22K, then it's unlikely you'll be willing to around $20K either.

30-40% would really be the ideal spot no which i cant really risk out that much in against with my fiat even though i do know on what are the potentials on which i cant just take up some risk since we do like it or not we do still need up fiat since crypto or bitcoin isnt accepted anywhere so its just a normal approach i would say.

If you could bare up 60% on risking out then its your choice and as long you are aware of the potential risk then go ahead but if you cant bare up the volatility then its your choice to make.
It would really be just depending on how someone could be able to sustain themselves on this unpredictable market.

dragonvslinux

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If you're worried about price dropping more than -10%, than it's probably not wise investing 60% of your life savings long-term! At current prices I think a 50/50 split in fiat and Bitcoin isn't a bad idea, but you'll need to be able to stomach the volatility in case prices crash to $10K. That said if you're not willing to invest around $22K, then it's unlikely you'll be willing to around $20K either.

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Quote from: tygeade on February 09, 2023, 08:38:23 AM

Quote from: Emitdama on February 08, 2023, 10:55:35 AM

Quote from: yhiaali3 on February 07, 2023, 03:23:55 PM

Absolutely, yes you can, obviously almost everyone agrees that the 15k was the bottom for Bitcoin, so it is very unlikely that it will go back to that point at the moment.

The market is currently looking bullish and there are still opportunities to enter and invest for the long term before achieving the expected ATH by everyone.

But of course, I advise you to follow the DCA strategy, which means not to buy directly from the current point, but to buy from several areas to get a good average price.

Seriously guys? I noticed that a lot of you gladly responded yes when I think 60% is already too much but even if it's lower than that, I will still think twice because we are talking about savings money here and not just a spare money. Savings money is being saved so that it will be use in the latter stages or in case there is an emergency.

A crash in the Bitcoin price is not an emergency for us to buy more Bitcoin. We can even do a DCA at any moment and not only when there is a bear market as long as we already have a budget. There is no need to rush here because rushing can lead to poor decisions and possible regret later on.

I agree, it is way too much, and in a sense that it could be risky as well. However, the problem here is that there is nothing that people could trust which is better, I think it is obvious that people are investing 60% and even 100% (like me) of their savings into crypto because they realized long time ago that it is not really a good thing to invest into gold or stocks, because they were not good at all and they looked like there was a problem with it.

I believe that we shouldn't be really focusing on anything outside of bitcoin right now, and it doesn't feel like there was something we could do about it, hence we decided crypto was a better way to protect our funds from fiat.

If it's savings for near future expenses or money that can't be lost, I don't think we should use even a little bit to invest in bitcoin. What if bitcoin doesn't rise as expected, or the bear season lasts longer than usual? We will have difficulties in life. Invest more or less depending on each person's ability, but it is best not to use the money you cannot lose to invest. Bitcoin is the most profitable investment, not the safest one, the higher the return, the higher the risk.

tygeade

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Quote from: Emitdama on February 08, 2023, 10:55:35 AM

Quote from: yhiaali3 on February 07, 2023, 03:23:55 PM

Absolutely, yes you can, obviously almost everyone agrees that the 15k was the bottom for Bitcoin, so it is very unlikely that it will go back to that point at the moment.

The market is currently looking bullish and there are still opportunities to enter and invest for the long term before achieving the expected ATH by everyone.

But of course, I advise you to follow the DCA strategy, which means not to buy directly from the current point, but to buy from several areas to get a good average price.

Seriously guys? I noticed that a lot of you gladly responded yes when I think 60% is already too much but even if it's lower than that, I will still think twice because we are talking about savings money here and not just a spare money. Savings money is being saved so that it will be use in the latter stages or in case there is an emergency.

A crash in the Bitcoin price is not an emergency for us to buy more Bitcoin. We can even do a DCA at any moment and not only when there is a bear market as long as we already have a budget. There is no need to rush here because rushing can lead to poor decisions and possible regret later on.

I agree, it is way too much, and in a sense that it could be risky as well. However, the problem here is that there is nothing that people could trust which is better, I think it is obvious that people are investing 60% and even 100% (like me) of their savings into crypto because they realized long time ago that it is not really a good thing to invest into gold or stocks, because they were not good at all and they looked like there was a problem with it.

I believe that we shouldn't be really focusing on anything outside of bitcoin right now, and it doesn't feel like there was something we could do about it, hence we decided crypto was a better way to protect our funds from fiat.

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Quote from: Sandra99 on February 06, 2023, 12:13:21 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?

Dude I can understand your insecurity. But asking forum members won’t help you that. Yes our suggestions might help you to make more prominent decision, but we don’t control the price. It’s always better to use your own instincts and research when investing money. I would suggest you that investing in Bitcoins will be a option. The reason is very much simple. Bitcoins are limited in number, that is no more Bitcoins can be created. So as the time passes, more people will demand more Bitcoins, and hence in order to maintain the demand, the price will increase. So yes according to me investing in Bitcoins will be the ideal decision. Rest is upto you.

jrrsparkles

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Most of us here are pro bitcoiners so you can't expect much apart from going with 60% or even higher is good because it has potential to give high returns in long run. However I advice you to decide diversifying into other investments as well which combined both short and long term to eliminate the risk and in case of one fails others can make up for the loss.

About the topic, no one knows when it will fall below 20K and believe me there is no such thing called prediction gurus or experts so go on with your own analyse and if I was you I will not be waiting since you are here for long term so 3K won't make such huge difference unless we are talking about few thousand bitcoins.

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No one can tell if bitcoin will drop or rise in the future and investing on someone's advice is really a bad idea. I can only tell you that bitcoin is very volatile, investing in bitcoin can make profit as well as loss, and no investment guarantees 100% win. So you need to determine that you should only invest with the money you can lose and make sure that if the investment fails, it will not affect your life. If you can't accept losses, it's best not to invest. Many people become rich by investing in bitcoin, but also many lose everything because of bitcoin.

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Quote from: stomachgrowls on February 08, 2023, 03:46:22 PM

Quote from: TimeTeller on February 08, 2023, 03:02:29 PM

Quote from: Wiwo on February 08, 2023, 02:52:59 PM

There is nothing like 100% lost in bitcoin because bitcoin has never dropped to zero and at that, you may lose a fraction when you do dollar cost average but then if you hold your Bitcoin you lose nothing.
-dont have a misunderstanding in the word (crashed) because I can see that you misconcept it and aligning it to Bitcoin is a little out of context.
-investing 60% of your saving is not a bad idea but then you should try to get an entry price so that you will not be under pressure when the price goes against your predictions.

People have high hopes when it comes to btc investments.
And yes, i do agree with you as nothing like 100% lost in this top alt, unless it will go to zero value, but it is not.
Her investment into btc is quite a big percentage of her savings. She can invest in btc at staggered periods, with different price levels.
The preference about the percentage depends on the capability of the user, how she can tolerate possible losses on the based of her entry.
She can invest at any time, so long she believes on this market, and not agitated to cash out whenever there is a sudden drop from the price.

Its always better to brace up yourself with volatility thing on the time that you do step your foot into this type of investment or thing on which you would be able to face up that changes on price on rapid way on which you would really be that someone who might really be ending up on being impulsive just because you cant be able to bare up on seeing your investment or savings dipping down or in negative.This is one of the main issue on which you might really be that eager or dedicated on saving up some coins but once your emotion do kicks in then it would really be giving out that feeling on selling it all in loss which is really that something you should really be avoiding since this would be the main issue into those who arent that dedicated that much or wont be sticking out into their goals.

Your argument about being mentally and emotionally ready for the volatility of bitcoin investing is spot on, and I agree with you. When you've invested a lot of time, energy, and money into establishing a portfolio, seeing its value rise and fall so quickly may be quite disheartening. However, it must be kept in mind that ups and downs are an inevitable feature of the bitcoin market.

You can lessen the emotional toll of volatility by formulating a plan and sticking to it through good times and bad. If you are confident in a cryptocurrency's long-term viability, for instance, resisting the urge to sell when its value drops may prove to be a prudent move. One should not put all of their financial eggs in one basket, so to speak, and hence a diversified portfolio is essential.

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Quote from: Sandra99 on February 06, 2023, 12:13:21 PM

bitcoin can Crashed again Below $20K Level or Not ?

Maybe yes, maybe not. Nobody can tell. It's like with the weather forecast, everything seems to be going to the fact that the day will be sunny, but suddenly it can rain. You always have to be ready to fall.

Quote from: Sandra99 on February 06, 2023, 12:13:21 PM

how much Probability for Down ?

In such cases, I say 50 to 50. Either it will fall or it will not fall.
Even if the probability is only 1%, then you can fall into these 1% and lose.

Quote from: Sandra99 on February 06, 2023, 12:13:21 PM

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

Well, then risk some, not 100% of your savings. In principle, this is a reasonable decision to allocate 60% for the purchase of btc.

Quote from: Sandra99 on February 06, 2023, 12:13:21 PM

waiting for all expert members suggestion?

Everyone pretends to be an expert when it comes to giving advice to others, because the experts themselves don't risk anything. But you risk your money, so be wary of the advice that they give you.

mich

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Well I think to invest 60% of your savings is a lot to invest in any type of investment. Bitcoin is not any different in this way.
There is a possibility we can see Bitcoin go do to 20k or less. I do not know if it will happen but there are others who think it will happen at some time again. It is not possible to predict this it is only speculation.
For Bitcoin there is a big probability you can lose your investment fast but you can also make your investment return back fast.

Mr. Magkaisa

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- Since we are talking about savings that you have now op, just remember that the value of Bitcoin can rise a lot or fall a lot, so, here you already know the risk that can be faced with the 60% savings that you will allocate in bitcoin.

Now, if the price of bitcoin suddenly kicks up in the market in the future, it will always be a big deal for you and your family as well. So the decision is still not ours, it's just our opinion, and since most of the people here in the forum are bitcoin fanatics 100% from what I see, you will be encouraged to invest 60% of your savings, if that is so, good luck ...

bitterguy28

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since it is your "SAVNGS" right? then I see no problem trusting this to Bitcoin , like us(I guess majority of us) investing in Bitcoin most of our money and trusting our future and family from crypto.
at least to take another 5 to 10 years? who cares as long as it continues to increase its price over years.

Quote from: Lubang Bawah on February 08, 2023, 09:12:15 PM

To change the future for the better sometimes we have to do crazy things, if we don't want to take risks and think in the comfort zone then there will be no change in life, many successful people dare to take risks for example investing or business, and when they are successful then we should never hesitate or be afraid to follow their way.

that is completely stupid, admitting it as crazy things or decisions ? this needs trust mate and that is what we called Entrusting our funds inside .

rodskee

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Quote from: Sandra99 on February 06, 2023, 12:13:21 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?

how long you can handle the buying ? I mean are you long term Holder? if yes then there is no need to answer this as bitcoin had already prove its worth over the years , you can even just buy now and forget about the price for couple of years?
dont wait for 20k price mate, buy now or you will regret later.

Lubang Bawah

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To change the future for the better sometimes we have to do crazy things, if we don't want to take risks and think in the comfort zone then there will be no change in life, many successful people dare to take risks for example investing or business, and when they are successful then we should never hesitate or be afraid to follow their way.

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Quote from: stomachgrowls on February 08, 2023, 03:46:22 PM

Its always better to brace up yourself with volatility thing on the time that you do step your foot into this type of investment or thing on which you would be able to face up that changes on price on rapid way on which you would really be that someone who might really be ending up on being impulsive just because you cant be able to bare up on seeing your investment or savings dipping down or in negative.This is one of the main issue on which you might really be that eager or dedicated on saving up some coins but once your emotion do kicks in then it would really be giving out that feeling on selling it all in loss which is really that something you should really be avoided since this would be the main issue into those who aren't that dedicated that much or won't be sticking out into their goals.

Volatility is what we should be prepared for before venturing into cryptocurrency investment because there is no way we can exist in the market without volatility it's a key feature of the market and that is why bitcoin is a speculative asset.
-most newbies are not aware of the the fact that cryptocurrency market is highly volatile and it requires a lot of patience and time to mark a mark in its investment.
-Bitcoin shouldn't be taken as a short-term investment and possibly give it 7 to 10 months of maturity timeframe before checking the profits margins.

Topic: Can I invest my 60% savings in Bitcoin? - page 7. (Read 1239 times)