Topic: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies - page 17. (Read 3884 times)
August 11, 2018, 06:09:49 PM
I accept your argument and I will say that is absolutely true. The rule has been to to invest as much as you can lose. People claim they have sold their houses and some other property and have used it to invest in Btc. I sometimes find it hard to believe such statements though.
August 11, 2018, 05:10:34 PM
I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.
First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
Thiis is great. People always think want to have quick and much profit from bitcoin and cryptocurrency but sometime never think about the failure might be happen. Without have plan B during investing in crypto it will put yourselves not in the safety area. Dont gamble all because we have no control into it. First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
August 11, 2018, 05:05:34 PM
A very good advice for those investors who invest to die, not to make profits. Such a bad decision to invest in bitcoin by selling land! Seriously? Always should keep a good backup before investing in anything. It is not a wise decision to invest all of the money in the cryptocurrency. Taking risk is very good, but do not take the risk too high. Every such investor should follow your this post.
August 11, 2018, 04:48:31 PM
I confess, when I only learned about bitcoin I wanted to invest in it all the money that I had at that time. But then, on reflection, I realized that it wasn't very reasonable. Bitcoin is very young and something negative can happen to it, as a result of which you can easily lose the invested money.
August 11, 2018, 04:45:21 PM
Diversification is important to leverage the loss, it is good to have physical business that can be generating income as well
August 11, 2018, 04:43:03 PM
Of course, a good investor must have know this and possibility of what might happen in future. Bitcoin is sweet when it keep increasing in value but let us also keep the posible otherwise in mind. But I believe btc will make us all proud in future
August 11, 2018, 04:34:01 PM
He is stupid who invests all his money in bitcoin especially now, he should be careful before investing because it's very risky and he can lose everything
Your advice is the best "only invest what you can afford to lose".
Your advice is the best "only invest what you can afford to lose".
August 11, 2018, 04:32:20 PM
I also find it a bit rash. Bitcoin can not be called very stable, and it will be a shame to lose the last money.
August 11, 2018, 02:41:45 PM
It's okay to invest extra money in Bitcoin, but the market is immature and risky, and it's foolish to sell your real estate or borrow to invest.
While selling your real estate to invest in bitcoin is irresponsible especially if you have the mentality of buying because of FOMO at the same time at least that is something that belongs to you and you decide how to use it, but there are people in the forum that decided to get in debt to buy bitcoin and that is definitely a huge mistake because if the price of bitcoin goes down now not only you are left with a debt but with interests to pay and it is unlikely you can pay them if you needed to borrow money in the first place. August 10, 2018, 10:28:11 PM
Of course because maybe it will only give you a loss if you don't know bitcoin or crypto currency. Because investing in it is very risky if you are new to the crypto world. Therefore you only need to invest 20% or 40% of everything you have.
August 10, 2018, 10:20:12 PM
Yes, it is not wise for you to invest all you have to crypto. My advice is to just set maybe a part of your money on it so that you still have remaining assets in your wallet because this kind of investment involves risk.
August 10, 2018, 10:11:52 PM
Yes, please do not invest all you have in Cryptocurrencies because it is too risky just give a percentage of it. Because you will ever know how will it robs your money when you do not know how to strategized in doing it.
August 10, 2018, 10:03:32 PM
Yes, I feel they are brave. The market has a lot of potential for getting rich, but there are a lot of risks. They are too greedy, they think that investing in Bitcoin is likely to be huge, but if something goes wrong, they will lose everything. Also, there are some very shy people who invest in Bitcoin, they are too different.
August 10, 2018, 09:48:56 PM
It's okay to invest extra money in Bitcoin, but the market is immature and risky, and it's foolish to sell your real estate or borrow to invest.
August 10, 2018, 09:43:57 PM
I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.
First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
You are right , but still here you should not say like that , But here I am agree with your factor which is Investment in cryptourrency is not much safe . Well here I am happy to know that people are investing in bitcoin with full believe that they will make better amount of profit .First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
Right now I will say that everyone should see this moment to make Investment in bitcoin because Investment in bitcoin is not a easy task because to make profit in bitcoin we need much longer time than what we need to wait with the altcoins .
Here I can say that your script is totally fail where you have highlighted success and failure with 1 and 0 respectively .
In present time Investment in bitcoin is much better option then Investment in another cryptourrency , so we should not stop anyone to invest and also we should make awareness among people that they should not invest in cryptourrency by selling his own property and lands because that are much better things in practical life to use , so keep them safe for future .
August 10, 2018, 10:29:05 AM
I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.
First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
This is good advice, but it can be said as just being realistic, I see people being incredibly optimistic about their investment and while that is fine since no one invest in this market to lose money at the same time I think that is incredibly naive, we must always consider the possibility of losing our money, this is why when people begin to lose their money they panic and sell like what happened with the last crash. First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
August 10, 2018, 09:25:17 AM
you like telling people to not invest in bitcoin and crypto. in my opinion, investing in bitcoin is very profitable if we are smart. my advice, for people who want to invest in bitcoin, don't just put money, but look for information before investing in bitcoin, like how to profit quickly and safely. that's my advice.
August 10, 2018, 08:28:58 AM
Ya there is no point in throwing every cent you got even if you have a very high percentage or some insider information of this coin will rise in this few days but market is still market anything can still happen. Throwing all your money in is gambling not investing.
August 10, 2018, 08:12:10 AM
The risk factor on the stock exchange is the most important. especially crypto money exchanges involve too much risk. if you try to measure the depth of the river with your two feet, you will choke.
August 10, 2018, 08:01:47 AM
In any investment bitcoin or other altcoin you should not put all of your money or belongings just invest what you can afford to lose don't be too greedy thinking oh i can earn this much if i put this all
Before you invest in bitcoin or other cryptocurrency you must think wisely we know that value of bitcoin is unstable. Just invest only the money that afford to lose and don't invest all of your money. Investing in bitcoin is so very risky that's why you need to be smart and wisely to invest in bitcoin. Jump to: