Topic: Invest Crypto - page 7. (Read 1825 times)

Don't be silly. There's a fuckton more risk in most other coins. Anyone putting their life savings in some shitcoin in case Bitcoin dies is a moron. Have a play with a small proportion by all means but Bitcoin is the only one I'd be certain was still here in 5-10 years.

As for the original question it depends on how big a proportion of your savings $15,000 is. If it's all of it then that's a really bad idea. If it's 1-20% that's more palatable. But no one can tell you whether it'll be the best move you'll ever make or the worst or the most boring.

If you look at the price, if you look at the sentiment of the market, if you look at the comments of the most critical and pessimistic, you will realize that this is a good time to enter the market, however you must also know the right time to leave the market. for example:

You have $15,000 and you buy bitcoin for the price of $9400, what is your target price to sell?

I don't advise you to invest only in bitcoin. There is too much risk if something suddenly happens with bitcoin. Break your money into several parts and invest in different cryptocurrencies. It also matters for how long you intend to invest your money and what you plan to get from this.

^ It really isn't recommended for anyone to invest in something they are not sure. But if you will seek for our advice, we couldn't advise you to invest your savings in Bitcoin if you are looking for stability and secured return of investment. The Bitcoin's value is too much volatile that it would make your savings vanish out of nowhere or lose a lot of money for a second. And you may also earn profit in a short period of time if the value raised. Probably what you need to do is at least try to begin with a small investment and study how bitcoin's value dramatically changes. Nevertheless, try to check the pulse and observe. When you are ready with the risk, that is when you can invest all the money you want.

Bitcoin can be a good investment, it only becomes a good investment if you know many important things about it.
It is wise to invest that much to bitcoin since bitcoin is a good investment when it comes to long term investment. However, you should invest only the amount you can risk, meaning to say, the amount which you can take to lose. If you can risk your savings which amounts $15k to bitcoin, you can go for it but the final decision will be yours.

BTC is everything else but safe and stable.If you really decide to invest your 15K USD into BTC,the moment the price collapses back to 7K USD will be the moment you will most likely panic and sell your BTC at a big loss.Trading crypto and buying BTC is not for the emotionally weak people.You have to learn to resist the panic and stop caring about short term price fluctuations.Then,you will have enough confidence and ability to invest in BTC.

smith morgan, there is no right answer to the question you are asking because there are people who strongly support Bitcoin and also those who will very clearly tell you that such an investment is a bad idea. I think this forum definitely has a lot more of those first, which is quite logical considering this is a Bitcoin forum.

Why you want to invest your savings in BTC, have you studied your country's rules regarding cryptocurrency, are you aware of the risk involved in price and all the security measures you need to take to protect your investment? These are just some of the questions you need to ask yourself, otherwise, you enter a completely unknown territory where there is no right to error.

BTC is very far from a stable and secure investment, but every investment has its risks. There is a saying, "who does not risk, does not profit".

Do not invest in one go, take different entry point while investing in Bitcoin.

By entry point I mean different price level. At the moment Bitcoin is still below 10k which is really a good time to enter the market.

Can those savings of yours be lost? Like 15000 to 0? I know it seems unlikely, but you got to take into account literally everything when investing. Whether it be wins or losses, you got to plan for all of them. If you can't, then its either you spread your portfolio across various coins so that losses would be minimal, or just invest at the very most half of what you currently have right now.

Also, investing was never a question of "stable and safe". It's about taking risks, taking advantage of the market to make a profit. Investing in something "safe and/or stable" is not an investment. If you were talking about security matters, then that's another issue altogether but seeing as the topic is you investing, I just assumed it as such. s

$15000 is a lot of money and I think there are things that needs to be considered before investing. Investing in cryptocurrency is a high risk investment which means its volatility rate is high compared to other investment vehicle such as stock market. Bitcoin price can generally increase in value as well as it can decrease in value at a very fast pace, thus there is a greater chance of losing especially when you are illiterate in cryptocurrency trading. You can observe bitcoin price index in real time by visiting Bitcoin Price Index just to make you aware that it is not a stable investment.

If I were you, I think you must consider first having an emergency fund before investing in BTC to give you a peace of mind and to keep yourself afloat from unfortunate fortuitious events. After setting up your emergency funds, get out of your comfort zone and learn as much as you can about trading from the internet or in this forum. Spend some time before investing.

You might also consider reading this thread for you to be able to store your earnings if ever you have started investing, keep in mind that you should also prioritize your BTC stash security.

[General] Bitcoin Wallets - Which, what, why?


Safe from what? If you are pertaining to the security of your funds, then you should consider reading the link above. But for peoples' choice, having a hardware wallet would be the best solution to secure your funds because you are holding your own private key which grants you a full control to your crpyto.

If you are referring to the algorithm of blockchain where bitcoin transactions are being held, it is totally safe because every transaction are shared in a public ledger where anyone can see and validate that the transaction is true. AFAIK, blockchain cannot be tampered because each block has a unique cryptographic fingerprint and follows a consensus protocol.

It is also important to keep in mind that bitcoin is the first network - centric, protocol based form of money. It means that you can have a full authority in making transactions without the intervention of middlemen or institutions. In simpler terms it is very much secure while maintaining your anonymity.

Anyways, DYOR as well since there are some points that I missed for sure.

If you are just investing because you think it might be stable today. I suggest not to invest, bitcoin is so volatile compare to other currency you should always prepared with the price movement before investing. Two way you can experience if you invest it a lost or profit dont expect it will be stable because it will not gonna happen check the previous chart of bitcoin and you will have idea why i say this.

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?