Topic: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies - page 31. (Read 3884 times)
yes, I agree with your advice, we should not invest all what we have, we also have to be good at managing the money we have, investing in kryto world is full of risk, let alone for now the price is unstable, so do we sell assets the real thing is that we have to invest in the krypto market, if that happens then we will be a big loss, and can not really hope if we can get a profit that exceeds the real assets we have, as much as possible we should calculate our income so as not to lose big.
Yeah this should be the way. We need to have diversity in everything specially in investments so that if one fails there will always be other investments that you can earn a profit from.
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?
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 fully agree that the cost of Bitcoin is not not under the control of small investors, but whales with dozens of thousands of Bitcoins can control it.
The cost BTC of 50K is fantastic because it requires a lot of demand.
I had done this in the pass by investing all my money into Crypto market. Guess what? market all dumped on me and had to compulsorily day trade just to get something reasonable out without destroying my investment but am wiser now. Glory to God.
I agree with you, I think if we sell all the items and convert all our money to bitcoin, then this is a very crazy idea. because we never know the condition of bitcoin in the future. remember that risk and remember the failure, this way is not always smooth.
I think they are very ambitious and greedy to get the value of bitcoin.
the logic is if I have 2 cars, then I will sell 1 car to buy bitcoin.
I think they are very ambitious and greedy to get the value of bitcoin.
the logic is if I have 2 cars, then I will sell 1 car to buy bitcoin.
I agree with you because all kinds of investing is a risk and putting all your money in cryptocurrency is not advisable because we don't know what will happen so if youre brave enough to face the outcome you invest all your money but if not just invest only a small amount.
Makes a lot of sense. Also, don’t borrow money or sell something very important like real estate property just to invest in bitcoin. There are other ways to raise funds. Get a second job, work overtime or join bounty campaigns.
I perfectly agree with you. Most people see bitcoin investment as a means to become rich within a short period of time, so they invest all most all their money just to double or triple it. They have forgotten that bitcoin is a digital currency and its price value can change.
What would be the reason behind investing every thing you have into such a risky and not stable system? i have heard some invest every penny and afterwards , when everything fails they have nothing is their a point behind this type of investing,or did they not think at all 
This is a common way of investing that most newbies and some who can't control themselves do. They just throw their money and hoping that they will gain profit in the long run and if they saw a FUD on the internet, they will immediately sell it even they will be at a loss.
This is the hard fact but I believe that most investors doesn't think of the negative side of it. They only think that "If I will invest here, I will gain x3 or x5 in a year or two". They only think of the positives about gaining, profiting etc. and that is the reason they will go all in and they will sell some of their important things just to buy crypto coins. They don't think about "What if bitcoin crash? What will I do? Do I need to hold it? I wish I diversified all of my money. I wish I didn't go all in now I am at a loss."
This is the hard fact but I believe that most investors doesn't think of the negative side of it. They only think that "If I will invest here, I will gain x3 or x5 in a year or two". They only think of the positives about gaining, profiting etc. and that is the reason they will go all in and they will sell some of their important things just to buy crypto coins. They don't think about "What if bitcoin crash? What will I do? Do I need to hold it? I wish I diversified all of my money. I wish I didn't go all in now I am at a loss."
Invest wisely, only invest what you can afford to loose
this is good advice, even those considered experts lose money, I read this news:
Crypto Merchant Bank Galaxy Digital Lost $134 Million in The First Quarter of 2018
What are your own suggestions?
well, everyone has said everything, I'll just add this: Never think that you will not lose, that you are invisible so you can make loan to invest in crypto and that you will have a lot of profit and then you will pay the loan. Do not make loan to buy crypto
As in all best practices it is advisable to diversify with any type of investment. So even with bitcoins and alt.
diversification means investing your money in safe assets to reduce the risk and maximize the profit chance. and these assets have to be somewhat not-connected.
altcoins don't match this and are not suitable for diversification.
when you invest in altcoins you not only increase your risk but also you reduce the chance of making profit. not to mention that they are connected to bitcoin price and each time bitcoin makes a big move they all go down.
that's not only about cryptocurrencies. it's all about investment itself. and I think this is one of the biggest problem when people don't have enough information or education and try to rise money in one step by buying only one asset
A very good advice that should be adhered to, not only in Bitcoin/Cryptos but in every other investments that we happen to know.
Investments are always risky hence the need for caution by diversifying.
Investments are always risky hence the need for caution by diversifying.
That's really useful sharing for us. because there are so much risky included in bitcoin. you must think carefully before deciding to invest
Bitcoin and other cryptocurrencies is onky digital asset, and it's so risky. No body know about what will happen tomorow, bitcoin price could be fall or rise. I suggest to all members here to also focus on growing real asset, don't waste your money that you earn to only buy clothes, car or hause, but we should also buy some real asset like real estate or a business that can run without acquiring our physical presence
Many thanks to this thread. It is an eye-opener to a newbie like me in investing.
really very, very difficult now to gain confidence in cryptocurrency
I became hesitant since the number of coins that are present in the market, it makes me become thinking,
does everyone have to support all existing cryptocurrency?
are we able?
I became hesitant since the number of coins that are present in the market, it makes me become thinking,
does everyone have to support all existing cryptocurrency?
are we able?
yes, it will sound better. do not invest all into crypto. it's better to invest in real investments, or property. building a business is also great for the future.
If you prepare enough basic knowledge about bitcoin for yourself and you're confident, patient and optimistic, why not try ? although, bitcoin is not totally safe, i think you should challenge yourself
That's really good advice. You should never invest all of your money on bitcoin and cryptocurency because it is always risky in this market. If you are not patient enough, you may lose everything.
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