Topic: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies - page 32. (Read 3884 times)
yes, you should have a cash that can rely on in case of emergency. bitcoin is an investment firm, its upon to you how much you invest.
I don't believe that investing all your money in crypto is more dangerous than investing in anything else. THere's always a chance of failure in everything you do. You can fail by getting cancer and dying, being killed in your car while driving home, getting robbed. To me cryptocurrency offers a very high probability of success. Much greater than real estate and other so called safe investments. When you're poor you have to take risk or you will never achieve anything.
I agre with this quote because I definitely believe that in everything you must have a fallback. It's not that I meant that you're gonna fall but what if you change your mind? At least there's something left that you can use in other way to earn profit. Above all else bitcoin is still developing so you can try another way of earning.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?
Maybe those guys that put a big amount in bitcoin and altcoin as investment are not just a brave and risk taker person but they are also accept to themselves if ever they got lost or failure on their investment. Maybe they can afford to loss those big amount they put as investment. But you are right investing in crypto are so risky in one snap you may win or loss. Be careful in investing and try to segregate your capital investment not just in cryptocurren y but also in real state or something investment that you think you will earn profit like in cryptocurrency but more stable and low possible risk.
I don't believe that investing all your money in crypto is more dangerous than investing in anything else. THere's always a chance of failure in everything you do. You can fail by getting cancer and dying, being killed in your car while driving home, getting robbed. To me cryptocurrency offers a very high probability of success. Much greater than real estate and other so called safe investments. When you're poor you have to take risk or you will never achieve anything.
I agre with this quote because I definitely believe that in everything you must have a fallback. It's not that I meant that you're gonna fall but what if you change your mind? At least there's something left that you can use in other way to earn profit. Above all else bitcoin is still developing so you can try another way of earning.
Its a very good advice, most people invest in crypto because they saw a lot of people making huge profit, but they never thought of the risk, so when I introduce crypto to my friends I always remind them of the risk, crypto also one of the most risky investment because its decentralised, the price swing is really huge so its a good idea to diversify your investment, make a good portion between fiat and crypto investment
I think most people diversify their investment, and most know not to invest more than they can afford to lose.
People who goes all in and sell their house, land and whatever asset they can sell, they are gamblers, and if it wasn’t Bitcoins and crypto currencies they would have found something else to invest into.
People who goes all in and sell their house, land and whatever asset they can sell, they are gamblers, and if it wasn’t Bitcoins and crypto currencies they would have found something else to invest into.
that's already given that you should only invest that you can afford to lose, every investment has some risk so you should be very careful
As i always advise people when it comes to bitcoin and other cryptocurrencies, "never get greedy". Do not invest all your money on cryptocurrency and do not sell all your digital assets (coins), always set a target and when you meet that target, cash out your money and reinvest when conditions are favourable.
One of the problems we usually have is that we want to make all the profit at once, and so we buy into the idea of continuous investment until we have invested all we have. Like the gambler's theory; "know when to play, know when to hold on and know when to walk away"
One of the problems we usually have is that we want to make all the profit at once, and so we buy into the idea of continuous investment until we have invested all we have. Like the gambler's theory; "know when to play, know when to hold on and know when to walk away"
Thats true, invest only what you can afford to lose. Bitcoin and cryptocurrency are so risky. And there are allot of people who got depress because they lose their money. And some also take their own life. Because they cannot handle depression.
Very good advice.
In fact, I think that everybody should understand that crypto market is the same as any other market, stock market, Forex etc.
It's very risky so please be careful before investing.
The best strategy, in my opinion, is to invest only money youcan afford to loose and to diversify your investment.
In fact, I think that everybody should understand that crypto market is the same as any other market, stock market, Forex etc.
It's very risky so please be careful before investing.
The best strategy, in my opinion, is to invest only money youcan afford to loose and to diversify your investment.
Investing all you have in bitcoin will not get you anything, it will result to bankrupt or loss of funds, if you're going to invest make it more profitable by spreading your funds to some potential currencies inside the sphere.
As what most successful investors say:
Don't invest what you can't afford to lose.
Since Bitcoin and other cryptocurrencies have their own levels of volatility, it is best that you diversity. Diversification helps mitigate volatility, especially in long-term investments. It averages out your gains and your losses. I ot a lot of great tips here: https://coincentral.com/the-bitcoin-stock-debate-practical-investment-advice-for-the-long-term-investor/
Don't invest what you can't afford to lose.
Since Bitcoin and other cryptocurrencies have their own levels of volatility, it is best that you diversity. Diversification helps mitigate volatility, especially in long-term investments. It averages out your gains and your losses. I ot a lot of great tips here: https://coincentral.com/the-bitcoin-stock-debate-practical-investment-advice-for-the-long-term-investor/
Thanks for the advice. In practice, it is highly unreasonable to invest all you have because the outcome might go not as you hoped. In cryptocurrency, people are always advised to invest only their spare money or any amount that they can afford to lose. I hope they will be able to stick to the advice.
Of course you should always remember to save some for some emergency cases,
You should also remember that there are risk in investing so make sure that you always have some back up plans when things go wrong.
You should also remember that there are risk in investing so make sure that you always have some back up plans when things go wrong.
I personally invest in crypto as another asset class in my overall portfolio that contains equity, gold, etc. You should never concentrate your holdings in one asset class, especially if it's very risky or volatile.
I think it was last December 2017 when news came out that someone from The Netherlands sold everything he has including his family belongings for Bitcoin. If that story is correct and that guy did not just sit there watch history unfold before his eyes and sell last December 16, 2017 when Bitcoin reached it peak at $19,499, he made the right decision but if he bought at dates December 1 to December 8 and he is still hodling till now, he is one of those who prays that Bitcoin will rise again to at least $11,000.
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
As in all best practices it is advisable to diversify with any type of investment. So even with bitcoins and alt.
Always but don't be afraid to lean heavily in one industry if you have in depth knowledge and experience. If you know crypto you have more of an edge rather than buying restaurant stocks.I don't believe that investing all your money in crypto is more dangerous than investing in anything else. THere's always a chance of failure in everything you do. You can fail by getting cancer and dying, being killed in your car while driving home, getting robbed. To me cryptocurrency offers a very high probability of success. Much greater than real estate and other so called safe investments. When you're poor you have to take risk or you will never achieve anything.
But you have to be safe on what you're doing and it's still up to you if you'll invest all of your money. May I ask if you did? 
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?
Well for those people you mention, f they had invested in Jan/Feb of last year or earlier
they would be having a very healthy return today! Timing is an important factor.
I would be so bold as to say any investment now will reap rewards in the future, but it
is not something I would be willing to do, liquidating everything I have into crypro.
Indeed I am in only with what I am comfortable with loosing.
Yes, dont invest too much in bitcoin or other crypto currency, because the only persons who claimed the majority of the price, are someone who invested earlier, lets says early birds, although we dont know if early birds alreay dump their coins last year while bitcoin price is high, and also we didnt know if early birds re invested again while bitoin is in the dip recently. Meaning when bitcoin arise, more people are want to invest too, so probably the price of bitcoin will sky rocket, then when the price is slowly stable at the top, early birds starts to dump their coins to earn, thats why, newly investors are didnt get any profits on it because they buy while bitcoin is sky rocketing, the only thing that left behind them is dip/reds/downtrend. Dissapointing isnt? So dont invest all you have but invest that you can afford to lost.
We should be wise in making a decision with our investment, don't invest much, or all of your money and sell your properties for this, you have to take risk in investing but that does no mean take risk all of what you have.
Yes, dont invest too much in bitcoin or other crypto currency, because the only persons who claimed the majority of the price, are someone who invested earlier, lets says early birds, although we dont know if early birds alreay dump their coins last year while bitcoin price is high, and also we didnt know if early birds re invested again while bitoin is in the dip recently. Meaning when bitcoin arise, more people are want to invest too, so probably the price of bitcoin will sky rocket, then when the price is slowly stable at the top, early birds starts to dump their coins to earn, thats why, newly investors are didnt get any profits on it because they buy while bitcoin is sky rocketing, the only thing that left behind them is dip/reds/downtrend. Dissapointing isnt? So dont invest all you have but invest that you can afford to lost.
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