Just in case | Bitcointalksearch.org

MinMan

full member

Activity: 628

Merit: 154

Quote from: tsaroz on September 03, 2021, 10:37:14 AM

You should have an emergency fund with you in any case.
And about saving, I think it's better to put them into crypto than on saving account. Yes, there are larger risks involved and if you don't want to risk all of it in crypto due to price fluctuation, future of individual crypto or risk of hack or phishing attack, we do have more established business with multi key wallets and custodial insurance that provides larger interest than on bank. You can diversify your saving into them and other trading pairs or staking coins.

I feel most of the peoples understand this, and they never put all eggs in one basket because serious and smart investors understand this can go any way in just few moments, and they can lose all funds, so mostly investors never put all funds just in one field or project they have 2 or 3 ways which help them in any emergency.

As when I started I invested in bitcoin and altcoins but before this all I already have my some investments in property and few other projects which I know for very long time and working very good for investors.

lizarder

hero member

Activity: 1722

Merit: 895

Quote from: Wulan_maniez on September 05, 2021, 06:06:24 PM

Diversifying your funds into financial markets other than crypto is of course highly recommended, if it is in accordance with finance. But in this crypto room the majority of people invest their funds in bitcoin and altcoins.
I personally currently still allocate my funds in altcoins and wait for ROI, so that I can allocate my funds to real state.

It takes a balance between financial markets and investments in the crypto world, this must be balanced if we make these investments, the financial markets are not too risky that we will face, in contrast to the cryptocurrency world which has big risks, if we can't control them properly and well.

Altcoins are not so risky in investing, but if we invest here it takes a very long time to provide maximum profits, even if there are fast ones it will not be so maximal and promising, so investing in the crypto world requires proper analysis.

MaiQwaN

sr. member

Activity: 1036

Merit: 250

If I have only a small amount to invest, how can I distribute it to different baskets? I'd rather buy a piece of Bitcoin or a piece of Ether in the hope that my investment will skyrocket.

sukmo

full member

Activity: 760

Merit: 104

Moonbet.io

When it comes to saving i personally choose two online and offline paths.
On the online path I choose to invest in digital assets (cryptocurrencies).
On the offline path I choose to save investing for land, buildings etc.
Why don't I vote in one place, because it's true that you say it's not good for the economic development of our lives.
Because obviously everything has risks.

magnum cyber

member

Activity: 775

Merit: 11

I like your ideas, but I'm not sure if everyone puts all their money in multiple baskets is a bad decision? I assume that they have also thought about it before making a decision. especially on money, like a real example, I personally have $ 500, then I use $ 250 only for crypto (a few baskets of eggs) and the rest I save as savings in the bank.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Wulan_maniez on September 05, 2021, 06:06:24 PM

Diversifying your funds into financial markets other than crypto is of course highly recommended, if it is in accordance with finance. But in this crypto room the majority of people invest their funds in bitcoin and altcoins.
I personally currently still allocate my funds in altcoins and wait for ROI, so that I can allocate my funds to real state.

And it is easy to understand why this is the case, almost all the markets are overvalued and it is not worth to invest in them, however even with the high price of bitcoin I still think it can go much higher so this is an easy decisions to make, we need to remember that diversification is a tactic to protect your capital but if you want to earn money then concentration is the name of the game, which is what the majority of the people in this market are doing.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Xampeuu on September 08, 2021, 01:59:09 AM

Quote from: H1N1 on September 08, 2021, 01:16:10 AM

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

Its always a good thing to diversify our investments with what we think are seem profitable. Aside from minimizing the risk, there will also be less chances that we will feel the losses we have because if one of our investments fail, the other one might still surviving. So we will never be totally in huge loss.

But i understand what OP wants to impart. Despite of all the investments we had either in crypto,stocks or real estate, we also need to secure our offline investment like having enough funds for emergency purposes. There must be a good amount that should be considered as our family savings so that if all the investments fail, we will not be left in an empty wallet.

Ekyfitri

sr. member

Activity: 664

Merit: 253

SmartFi - EARN, LEND & TRADE

Quote from: Xampeuu on September 08, 2021, 01:59:09 AM

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

it all depends on the selected asset. not just bitcoin I guess. to maximize profits if you have not too large capital, there are many other potential altcoins such as DOT, ETH, and BNB that can be an option. and I'm sure those assets won't end badly. but it also depends on our ability to manage our psychology to face the market.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: H1N1 on September 08, 2021, 01:16:10 AM

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: H1N1 on September 08, 2021, 01:16:10 AM

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

because they are volatile they can turn a profit quickly. I'm sure many people think like that. although they also understand that the risk of market fluctuations is also very large.
dividing investment into several assets is very good to maximize profits as well as to minimize risk. but sometimes in dividing investment assets, we do not always focus on analyzing which can make us wrong in taking assets.

Silver80

full member

Activity: 714

Merit: 104

Quote from: ?? on ??

Quote from: Viscore on September 03, 2021, 03:07:09 PM

Quote from: lizarder on September 03, 2021, 02:51:54 PM

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

There's nothing bad if we make a good plan in carrying out investments, the crypto space is often said or described about large projects or small projects, because that's how the crypto space works and gives results for people who work on it.

It's not wrong if you also have offline and online money, this can be combined both in looking for maximum value, which makes us stupid when both can not be used properly at some stage of either result.

Well, i think its really a must that we should not only make online investments but also give chances for offline investments like those stable assets that can guarantee us sure profits. Unlike crypto although its definitely a source of huge profits but the security is very slim. So we also need to diversify our investments between online and real life.

There should be savings for emergency cases because it will surely come in the most unexpected days so atleast preparing for it can prevent us from panicking.

This is the right step, if we provide special savings for urgent needs, at certain times that we cannot predict when it will happen, but we need a good balance in making special investment and savings patterns.

Cryptocurrencies do have a big risk, if we can't take advantage of this well in investing, we need to analyze, patterns and ways of thinking in carrying out these investment actions, this requires mature knowledge in investing, if we can't prepare ourselves for this, then future opportunities we will lose and lose.

there seems to be a special character of keeping the investment of income into three for 1 part for daily shopping, one part for pocket money and one part for investment, most of us don't take care of it or can't stand it.

H1N1

full member

Activity: 812

Merit: 100

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

anandaijun

full member

Activity: 294

Merit: 100

Quote from: fullhdpixel on September 06, 2021, 02:10:38 PM

Quote from: anandaijun on September 06, 2021, 04:46:20 AM

For a country where there are not many people doing crypto transactions, I think gold is a good asset to keep as savings outside of a cryptocurrency portfolio. I make gold as an investment outside of crypto because its value is not much different from the top coins in crypto and is very suitable to be used as a long-term or short-term investment.

If your nation doesn't have too many crypto people then it is even better to be in crypto. It means that while others are not making the similar amount of money as you, you will be able to rake in profits in crypto. Plus if you want to do p2p then you could be the person people go to and can make as much as 10% from the transactions as well, meaning you will get to make 5k+ profit from each bitcoin transaction.

It is really a great way to get ahead of everyone in your nation, I live in a nation with a lot of crypto people, and even I am doing fine because I got in a lot earlier than they did, way before people even know what crypto was, so I am doing very well compared to rest of the nation.

Good advice to implement in a country that doesn't use crypto much. You look like a reliable economist. But I'm not saying that my country doesn't do a lot of crypto transactions but that it's a country that doesn't do much crypto. In my country, almost everyone's trading activity is involved. But I still make gold a good asset to keep because its value is stable and can increase.

sherenikaw

member

Activity: 630

Merit: 10

rocket.hashbon.com

Personally, I distinguish between money for investing in crypto and offline because it is true that we must have offline money reserves. but maybe for big investors who are already good at it, they will set aside more funds for investment because they have the ability to play money well. that would be good too because the profits to be gained are also much greater. the most important thing is how we can be careful in managing the assets we have in order to minimize get the losses in them.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: LordMiguel on September 06, 2021, 02:33:22 PM

your points are valid. i have 60% of my finance in fiat not cryptocurrency and i invest what i can afford to loose. i know i have pumped in my saving to crypto and i am yet to make substantial gains. i am currently making little gains and profits. i know it is a long process but i hope and believe that my investment will yield a lot. it is a process na di strongly believe that it is worth it. i started crypto investment with nothing and i know howmuch i have made.

It's good to hear that you are really making consistent profits in crypto and for sure it will grow more if you keep it managing right. After that, then you can start saving a portion of it for your lifetime savings. Its good to diversify your investments not only in crypto but even in real life established assets or investments.

Crypto investments are definitely high risk but if you can manage the risk and reduce it, then more likely that you will still have a successful investment that will give huge profits more than what you expected. Most of the time your mindset really matters.

LordMiguel

member

Activity: 175

Merit: 10

ITSMYNE

your points are valid. i have 60% of my finance in fiat not cryptocurrency and i invest what i can afford to loose. i know i have pumped in my saving to crypto and i am yet to make substantial gains. i am currently making little gains and profits. i know it is a long process but i hope and believe that my investment will yield a lot. it is a process na di strongly believe that it is worth it. i started crypto investment with nothing and i know howmuch i have made.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: Shallow on September 06, 2021, 06:17:18 AM

Quote from: Bravehash on September 03, 2021, 10:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

You are right though, and also many people have their own definition of diversity, that is, some might be experts in trading, good in investing in upcoming projects which they sell once in profit, good in holding long term and more recently now, good in staking their assets to earn, but all these doesn't neglect the fact that, crypto is unpredictable and yes having funds offline is a good idea.
Also, it has been said a lot of times that, it is not good to invest more than you can afford, in fact the first lesson people should have at the back of their minds before getting involved with crypto is that, risks exists. So by Investing what you can afford you can be calm while waiting for your target to hit, thereby reducing risks.

The risk and not just all for the benefits. If you understand this well and you will take your chances, it's good to invest
the amount that you will let go, it said that diversity is good, but knowing how to execute is far better, those people
Who have both online funds and offline funds means that they have other investment away from their online business. They have
their own reasons and they have their own versions of success.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: anandaijun on September 06, 2021, 04:46:20 AM

For a country where there are not many people doing crypto transactions, I think gold is a good asset to keep as savings outside of a cryptocurrency portfolio. I make gold as an investment outside of crypto because its value is not much different from the top coins in crypto and is very suitable to be used as a long-term or short-term investment.

If your nation doesn't have too many crypto people then it is even better to be in crypto. It means that while others are not making the similar amount of money as you, you will be able to rake in profits in crypto. Plus if you want to do p2p then you could be the person people go to and can make as much as 10% from the transactions as well, meaning you will get to make 5k+ profit from each bitcoin transaction.

It is really a great way to get ahead of everyone in your nation, I live in a nation with a lot of crypto people, and even I am doing fine because I got in a lot earlier than they did, way before people even know what crypto was, so I am doing very well compared to rest of the nation.

marilynmanson21

hero member

Activity: 1260

Merit: 510

have 5 different coins and are in a good position, demand is stable why not invest more coins, with many coins the opportunity to get profit can also be faster,
having a number of offline funds, I think it is mandatory for everyone because the obligation is not only just in case but we are obliged to have offline funds, in contrast to crypto as an investment that hopes to get profits and disbursements into currency when we really have made a profit (money relaxed)

avarnet

sr. member

Activity: 896

Merit: 250

offline money;
What is meant by offline money is money that is used for buying and selling in cash or bartering goods for money
Money used as a means of payment began in modern times, while the means of payment itself has been known since prehistoric times. People in prehistoric times were familiar with buying and selling,
the difference is that they do not use payment instruments in the form of money. The process of buying and selling online is like now crypto,
having offline investment assets is very important such as savings in bank account books and gold bullion as well as property assets that we store offline, and
The most important thing in the online world is that you also need investment assets such as bitcoin and other altcoins for the future but you only save as much as you can, you don't have to make all your savings an investment asset in crypto

Topic: Just in case (Read 533 times)