NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies - page 18.

maichimoto

newbie

Activity: 238

Merit: 0

Quote from: solkinsolali on July 26, 2018, 12:27:16 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?

I'm pretty confident that bitcoin price will grow in future, but still nothing is sure in life, only for this reason putting all the monet there just doesn't make much sense. Diversify people

nicko122

jr. member

Activity: 462

Merit: 1

I never understood people who invest all their money and savings and are waiting for a lot of money. It just does not happen and should not be so risky. You can invest money without being on the verge of bankruptcy.

smile1218

full member

Activity: 406

Merit: 100

I agree with you should only invest what we can afford to loose. It is hard if we will invest all our savings what of we loose all of them we have no fall backs. Be wise in investing still save something liquid and do not invest everything.

aggeyysido

jr. member

Activity: 112

Merit: 1

The Intelligent Retail Currency

I fully agree with this opinion. The risk may or may not be justified. I do not advise to invest the last savings in any currency at all.

Payme21

jr. member

Activity: 252

Merit: 1

You have said it all. It really will be unwise to invest your life earnings in Bitcoin or any other crypto currency for that matter. Its a risk that might not be worth it at the end so whenever anyone is planning on investment, RISK EVALUATION should be key

cinchin1

newbie

Activity: 36

Merit: 0

Quote from: baby222 on August 08, 2018, 05:51:38 AM

Always invest the amount of money you can afford to lose. This is my number one rule and it never disappointed me

I think everything should depend on our circumstances, sometimes we can break the rules if we have confidence and feel good, it will not be a big problem when we can accept the consequences, should not apply old thoughts and rules to investment, society always needs breakthroughs, and people are the triggers for that breakthrough, nothing to fear, investment is always so

Raggie

member

Activity: 462

Merit: 10

Quote from: solkinsolali on July 26, 2018, 12:27:16 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?

If you invest with all you have, what can you use for your needs? Always investing when you have more money.
Putting your money all in is like gambling on casino, very risky and not recommended to do.

baby222

hero member

Activity: 1008

Merit: 501

Always invest the amount of money you can afford to lose. This is my number one rule and it never disappointed me

Tomcolor

member

Activity: 665

Merit: 10

SOL.BIOKRIPT.COM

Absolutely your advice right now investment is risky with everyone even many people already leave it day by day investment. Need to understand and very be carefully before decisions investment.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: BulbaLord on August 08, 2018, 05:32:17 AM

We can invest . But i think never invest all , because investment is no guarantee . And always make sure before you invest , you make some background check to have hint if its good or bad .

i dont know if you already heard of the saying "invest only what you can afford to loose" , that saying means that there are no limit when investing . you can invest small or big , as long as you know that you can afford to loose it if ever you did loose .

Quote

investment is no guarantee .

why not? if you already know what you are investing with and you are already confident with it , then go . investment can guarantee you a return as long as you choose the correct investment .

frankforty

newbie

Activity: 30

Merit: 0

Many peoples are investing their hard earned money also selling properties, taking loans etc. all investors expecting bitcoin will touch more than $20000 and break its ATH record but bitcoin price is volatile so no one can say when price Will be in downtrend. in crypto market risk factor also work so invest spare money which you can afford if you loose.

BulbaLord

member

Activity: 261

Merit: 10

We can invest . But i think never invest all , because investment is no guarantee . And always make sure before you invest , you make some background check to have hint if its good or bad .

wahyu5

sr. member

Activity: 729

Merit: 250

Quote from: solkinsolali on July 26, 2018, 12:27:16 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?

I really agree with your opinion, it is better not to force yourself in investing. Invest wisely, which is investing according to the capabilities we have, because bitcoin investment is very risky and we cannot know for sure whether we will get a profit or maybe vice versa. For that reason, by investing according to the capabilities we have, we will be able to avoid fear of defeat or anxiety when prices go down, so that we are finally able to be patient waiting for price increases and can be calm in the face of falling bitcoin prices, which in the end we will win and gain profits in this investment.

projectandy

newbie

Activity: 19

Merit: 0

Thats why always invest what willing to lose. That's true and it will give a real emotional roller coaster ride. But no pain, no gain.
Just hold and invest if truly believe in the project.

nesty

full member

Activity: 518

Merit: 184

Yes we should not invest all of our money we should atleast save some just in case our investment moved downwards because we may never know the flactuation of the market.

Airbuxf

member

Activity: 257

Merit: 32

I always say to people who invest to invest only the amount they are able to loose. It's a very risky business, especially don't ever borrow money to invest them.

Fear

full member

Activity: 364

Merit: 100

It is obvious, you always need to have your eggs in different baskets, even if you are the biggest fan and enthusiasts of cryptocurrency market you anyway should have some backup and some saved money just in case.

Crystal24

newbie

Activity: 98

Merit: 0

I do not think anyone would be daft enough to invest all his/her capital in bitcoin and other cryptocurrencies.
I dont like the idea and as such will not encourage it.
The best is investing a certain percentage if ones capital on digital assets and parts on some other businesses.

BamBog

newbie

Activity: 73

Merit: 0

My advice is that investment is a good thing, but of course you need to consider your own needs, if all the assets you have are invested in only one thing, then the risk of failure is 100% and the risk of success is 100%, 1: 1. but if you make some investment plans in crypto coins by dividing your assets, then of course you are wiser in this matter.

ShieldAsset099

newbie

Activity: 42

Merit: 0

I also agree that invest in bitcoin is always profitable but we should keep one thing in our mind that loss and profit are essential perts of any investment. So, invest only that much amount which you can afford not more than that.

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