Can I invest my 60% savings in Bitcoin? - page 8.

stomachgrowls

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Quote from: TimeTeller on February 08, 2023, 04:02:29 PM

Quote from: Wiwo on February 08, 2023, 03:52:59 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.

TimeTeller

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Quote from: Wiwo on February 08, 2023, 03:52:59 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.

Wiwo

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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 suggestions?

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.

redsun114

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Quote from: Mauser on February 07, 2023, 05:10:39 AM

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.

While some people have made substantial profits through investing in cryptocurrencies, it's important to remember that the market can be highly volatile, and investments can decrease in value just as quickly as they increase. For this reason, it's generally not recommended to invest a large portion of your capital in cryptocurrencies, such as 20%. Such a large investment can not only result in significant financial loss, but it can also have a negative impact on your mental stability.

Instead, it's recommended to start small, investing just 2% to 3% of your capital, and gradually increasing your investment as you gain more experience and understanding of the market.

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Quote from: Emitdama on February 08, 2023, 11:55:35 AM

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.

Yes, it is true that the savings money is used in case of emergency, but why not have the savings money in Bitcoin instead of fiat?

Everyone here agrees that saving bitcoin is better than saving fiat money, because fiat money loses value over time while bitcoin, on the contrary, increases in value over time.

So personally I think it is better to have Bitcoin saving money instead of cash money. This is the idea that most of the members here on the forum encourage.

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Quote from: yhiaali3 on February 07, 2023, 04:23:55 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.

Joshapat

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It is fun if we can savings 60% of the salary for investment bitcoin, I have never been an investment of 60% and the highest record that I have used is only about 28% of the salary because at that time I got a bonus from the company, the potential of Bitcoin in the future will be increasingly increasingly improved because the number of users who continued to increase, and the best thing was to buy when the price is cheap like now.

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Quote from: 19Nov16 on February 08, 2023, 04:29:05 AM

It's a good idea if we can save about 60% of salary to invest bitcoin, I'm sure the trend of bitcoin will continue to improve so that one day it will be very valuable, the number of global users continues to increase so that the demand for bitcoin also increases, many countries have banned bitcoin but can't stop it bitcoin performance, it's time for us to dare to invest in bitcoin and 60% is an appropriate value.

It all depends on the pattern of their respective arrangements in managing finances and for 60% of salary is actually no longer appropriate, but it is quite large in my opinion. Because I only use half of my salary for investment matters and the other half is for my life. Regarding Bitcoin which has become increasingly popular and has experienced an increase in users, this naturally happens because Bitcoin has been seen as a very good currency and also benefits many parties.

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Quote from: virasog on February 08, 2023, 01:37:24 AM

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?

At the current bitcoin price of 23,000$, you may invest 60% of your savings in bitcoin and hopefully you will gain good profit if you can be able to hold it until 2025.

There are few things to note, that bitcoin won't go to zero and hence you will never face 100% loss. Even if bitcoin price dump in the short term, it won't be a loss for you if you do not sell and just hold it. Your portfolio may show you are in loss but important thing is not to sell your bitcoins. You will only be in a true loss if you sell your coins cheaply.

The market is looking positive so it probably is a good time to invest in btc but putting in 60% of your savings and not being prepared for it will end in disaster. When I did it I vowed I would not touch it again for at least 4/5 years. I have kept that promise but it has been difficult sometimes especially the last year where btc has crashed a big amount since I invested.

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Quote from: 19Nov16 on February 08, 2023, 04:29:05 AM

It's a good idea if we can save about 60% of salary to invest bitcoin, I'm sure the trend of bitcoin will continue to improve so that one day it will be very valuable, the number of global users continues to increase so that the demand for bitcoin also increases, many countries have banned bitcoin but can't stop it bitcoin performance, it's time for us to dare to invest in bitcoin and 60% is an appropriate value.

I will agree if that said amount is still okay for you to lose them all. But if not, we better change that decision and give what is really the amount that we can afford to lose. I would tell you that investing in Bitcoin is not all about "the amount we purchase or capital, but it also matters if we can sell them at a good price".
Because what I did is that I only invest the extra money I have. I don't force myself to provide and risk 60% of my salary for a risky investment. We also know our limitations and priorities.

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Quote from: Don Pedro Dinero on February 08, 2023, 12:39:09 AM

Quote from: Sebas.tian on February 07, 2023, 11:45:17 PM

Yes, it will really help you to grow faster in your investment because many potential traders has tried it before and is working for them which will definitely work for you too when the price of Bitcoin hit higher in the market. I don't think, the price of Bitcoin will decrease to $20,000 this year, and the best opportunity is now,<...>

On this bitcoin forum I am not surprised by the enthusiastic responses that say yes, but there are many nuances. It is not the same if your saving is 1,000 USD and you are struggling to make ends meet as it is if your saving is several million dollars.

In the long term, bitcoin is a safe bet but in the short term it always has a lot of volatility, so it is better to put money in bitcoin that you are not going to need for at least 4 years, which is how long a cycle lasts, I would say.

I totally agree with you and have said so many times too. Invest only those savings that are not suddenly needed, such as for medical treatment or to buy a flat, a house or a car. Because if you invest the money you might need, you will 100% lose a lot. Well, if you have a lot of savings and are willing to wait a year or five, it makes sense to buy bitcoin. And one more thing - the main thing is not to forget to sell it when the price goes up.

19Nov16

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It's a good idea if we can save about 60% of salary to invest bitcoin, I'm sure the trend of bitcoin will continue to improve so that one day it will be very valuable, the number of global users continues to increase so that the demand for bitcoin also increases, many countries have banned bitcoin but can't stop it bitcoin performance, it's time for us to dare to invest in bitcoin and 60% is an appropriate value.

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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?

At the current bitcoin price of 23,000$, you may invest 60% of your savings in bitcoin and hopefully you will gain good profit if you can be able to hold it until 2025.

There are few things to note, that bitcoin won't go to zero and hence you will never face 100% loss. Even if bitcoin price dump in the short term, it won't be a loss for you if you do not sell and just hold it. Your portfolio may show you are in loss but important thing is not to sell your bitcoins. You will only be in a true loss if you sell your coins cheaply.

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Quote from: Sebas.tian on February 07, 2023, 11:45:17 PM

Yes, it will really help you to grow faster in your investment because many potential traders has tried it before and is working for them which will definitely work for you too when the price of Bitcoin hit higher in the market. I don't think, the price of Bitcoin will decrease to $20,000 this year, and the best opportunity is now,<...>

On this bitcoin forum I am not surprised by the enthusiastic responses that say yes, but there are many nuances. It is not the same if your saving is 1,000 USD and you are struggling to make ends meet as it is if your saving is several million dollars.

In the long term, bitcoin is a safe bet but in the short term it always has a lot of volatility, so it is better to put money in bitcoin that you are not going to need for at least 4 years, which is how long a cycle lasts, I would say.

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Yes, it will really help you to grow faster in your investment because many potential traders has tried it before and is working for them which will definitely work for you too when the price of Bitcoin hit higher in the market. I don't think, the price of Bitcoin will decrease to $20,000 this year, and the best opportunity is now, because the price of Bitcoin is still $23,250 which will allow you to invest a huge amount of money on Bitcoin and hold for like 2 to 3 years. I believe, if you apply long term system in your trading, it will help you not to experience losses in your investment.

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What you have to do before committing to invest your savings of 60% is learn to understand bitcoin first especially the bitcoin trail, And if you plan it for the long term I think it will be fine, bitcoin will always be profitable for the long term as long as you have enough patience strong enough and still holding it when it goes down and better yet you use it to stack it.
the price of bitcoin is indeed not easy to predict and can fall and rise suddenly due to several factors that we have never known before, investing in bitcoin must have faith and patience instilled in oneself to remain calm and believe that in the end the price of bitcoin will rise high.

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I would have withheld my opinion and suggestion since you're asking them from expert members, but since even these so-called experts cannot really give guarantees and accurate predictions, I might as well give mine.

Bitcoin could crash to $20,000 and below anytime. That's always an open possibility. Take that into consideration. The price is just $3,000 above $20,000. But whatever loss you will get in case that happens is just paper loss. Just hodl strong. Never sell with a big loss. The price will always recover at some point.

Selling with a big loss is only an extreme action in the face of extreme emergency or certainty of a bigger fall for a buyback later on. Since the latter is next to impossible to determine, you are left with the former. And to somehow minimize it, just invest what you can afford to lose. Is that 60% of your savings an amount you can afford to lose?

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To answer about your savings, from my perspective, I can say that conveniently with a YES. It's not my money but I've done that alone and that's why I can answer like that.

However, you and I might be in a different situation where I can adjust to my finances and currently able to have that savings but eventually will have to take a big portion from my savings to attend the other needs that I may have financially.

To break it down, you'll still be having that direction in the thought of "Only invest what you can afford to lose."

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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?

When we do speak about going down - NO ONE REALLY KNOWS
If we do speak about on when it would be going up - NO ONE REALLY KNOWS!
Experts? - WE ARE ALL SPECULATORS ON HERE

On this market which is truly that unpredictable and putting up 60% of your savings is really up to you.We do have different risk management which
causes for out to make up some choices whether we do push through or not.

yhiaali3

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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.

Topic: Can I invest my 60% savings in Bitcoin? - page 8. (Read 1230 times)