How risky do you feel investing in Bitcoin is in this point of time? - page 3.

virasog

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Quote from: eXtremal on May 01, 2021, 10:56:53 PM

Quote from: NorthernArtsyGuy on May 01, 2021, 10:34:25 PM

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time. Me? I feel it's on the verge of being hardly risky at all. So my answer is a little risky. I know, controversial poll but oh well.

I have almost no risk at all, I trade with very free money, get it from the results of the campaign, trading casually is my happiness, Once doing scalping it scares me.

If you are using free money to invest in bitcoin and trade, then you have no tension because even if you lose the money, you know it was not your hard earned money. OP is asking for those people who want to buy bitcoin at current levels above 55K with their fiat money. Its always scary to buy bitcoin now because when you look at the past few months and thought you could have bought bitcoin at 20K, 30K, 40K but didn't buy. Cry

so98nn

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The answer mostly depends on one easy fact, what are you investing with (life's savings, back up money etc.) and when are you entering into the market? Do you have multiple entry points for buying for example, whether you bought at 20k, 25k, 30k, 40 etc! This will decide your safety for the break even point and it would be average price of your entry points.

If you are buying with extra stash lying around, if you have already bought and want to enter again then its completely fine. Moreover, you should always keep up the investment for long terms so that you can book good profits in the near future. So risky or less risky depends on various bullet points.

hd49728

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Quote from: NorthernArtsyGuy on May 01, 2021, 10:34:25 PM

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time. Me? I feel it's on the verge of being hardly risky at all. So my answer is a little risky. I know, controversial poll but oh well.

Investment, how long is the time you want to keep your investment opens?

It is not only about Bitcoin investment, in this time or any time, but also about any different investment.

You have to be clear that how long you want to keep your investment opens. It will decide your exit time, exit price and risk management. If you don't have clear scheduled investment and risk management, you will easily to be panic, uncertain and make bad decisions.

Emotions, mentality are very important for investors that partially will be decided by your investment plan.

Bitcoin investment at this time, risky or not? Yes and No, the answer will depend on above factors.

MFahad

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Quote from: NorthernArtsyGuy on May 01, 2021, 10:34:25 PM

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time. Me? I feel it's on the verge of being hardly risky at all. So my answer is a little risky. I know, controversial poll but oh well.

If depends upon for long long you want to invest in bitcoin. If you want to invest for short term, it may be risky to buy bitcoin over 57K now as bitcoin is near its resistance and may dump from here. On the other hand if you want to invest in bitcoin for a long period of 2- 4 years, then you can buy bitcoin now at any price and you would still be in a good profit after few years.

jackg

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https://bit.ly/387FXHi lightning theory

This week and potentially this month are quite an optimistic time to invest. We're below the ath and have a good chance (in my opinion, at some point) of breaking through it - potentially soon.

If you're planning on holding for a while too there's even more of a benefit to investing now, once news articles start getting heavily interested in bitcoin I'd say you might want to consider selling back to regain your initial capital as a crash could be over the horizon.

eXtremal

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Quote from: NorthernArtsyGuy on May 01, 2021, 10:34:25 PM

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time. Me? I feel it's on the verge of being hardly risky at all. So my answer is a little risky. I know, controversial poll but oh well.

I have almost no risk at all, I trade with very free money, get it from the results of the campaign, trading casually is my happiness, Once doing scalping it scares me.

mk4

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It's only risky if you have a short-mid term time frame. As we all know, bitcoin and cryptocurrencies have this tendency of dropping huge amounts in price. But if you look at the long-term charts, it's pretty much in an uptrend. Hence why it's a frequent recommendation to only invest money into bitcoin, with money that you wouldn't need for a while.

Coyster

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Bitcoin is as of yet not a 'safe haven asset', so there's always going to be risks, but what I noticed this year is that for quite some people their risk concern dropped considerably due to the influx of institutional investors, as well as Bitcoin being almost totally resistant to the effects of the covid-19 pandemic; thus from a general view point, I think more people now believe in the network (thus, less risk concerns), and possibly Bitcoin could soon become resistant to spontaneous plunges/'transition' to bear market, this of course doesn't mean there wouldn't be price corrections like we've been experiencing.

Having said that, notwithstanding how one feels about investing atm, "what you can afford to lose" is an axiom that should not be forgotten, by overriding that rule of thumb, you're already making things a little bit more risky for yourself.

NorthernArtsyGuy

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Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time. Me? I feel it's on the verge of being hardly risky at all. So my answer is a little risky. I know, controversial poll but oh well.

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