Reason why I put all my money in Bitcoin as a newbie - page 3.

Raflesia

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_""""Duelbits""""_

Quote from: posi on July 10, 2022, 05:04:49 AM

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

That is indeed very important Diversification as another source, if people don't do this then I think it's a wrong step, of course we should be able to find opportunities from other sources so that they don't fall at the same time, when bitcoin drops then we can see from the diversification that we use while in On the other hand, fluctuations in cryptocurrencies are unpredictable and very vulnerable to fluctuations.
Investment in various other sources must be done so that we can do good management.

posi

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Quote from: Wiwo on July 07, 2022, 05:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

Alisha-k

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Putting all your money in Bitcoin is saying Bitcoin is now your legal tender. Meaning you only transact Bitcoin no more fiat, Bitcoin is better as a store of value due to volatility but when comparing it to stable coins and some altcoins it remains a better option. But to So as not to risk more than you can afford spreading your portfolio is better even though the percentage might not look even but it will save some heartbreaking moment

minime0105

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Quote from: Wiwo on July 07, 2022, 05:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

you are right having all your investment in one channel is what crippled some people for investment. Only people that have the mind of diversifying investment is people who have the experience before. Some people who don't know exactly how the investment of cryptocurrency works is the people who think of it and know everything about how to invest into cryptocurrency, like me i don't think that people diversified investment, even in the manual investment

dunfida

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Quote from: fzkto on July 08, 2022, 10:09:36 AM

Quote from: Wiwo on July 07, 2022, 05:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

You don't have to diversify because, as you said, bitcoin is the most secure cryptocurrency. But if bitcoin is having a bad time, any other coins will feel even worse. So don't buy the whole deposit at once, but buy in parts. That would be the best strategy. And if the market situation becomes favourable, you can consider buying other cryptocurrencies.

You do say about increment purchasing or buying? Its not a bad idea since there are people who do really accumulates on everytime they do see bitcoins price plummets and solely focus into this one rather than making

some consideration on some altcoins in the market.Giving out guarantees are shit ones on which we cant really that able to tell precisely on what would gonna happen in the market even in talking about Bitcoin.

Thats why the golden rule on this market is never ever tend nor plan to all in even whether you are a noob or a veteran but we know the main differences when it comes to decisions to be made
which is totally situational and depending on someones skills and awareness towards the market. Dont go all in because whenever things out of hand then you would really be finding
yourself in big trouble.

fzkto

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Quote from: Wiwo on July 07, 2022, 05:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

You don't have to diversify because, as you said, bitcoin is the most secure cryptocurrency. But if bitcoin is having a bad time, any other coins will feel even worse. So don't buy the whole deposit at once, but buy in parts. That would be the best strategy. And if the market situation becomes favourable, you can consider buying other cryptocurrencies.

P2PECS

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Quote from: Wiwo on July 07, 2022, 05:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I agree. It is not uncommon on a BTC forum to have people who have either all in bitcoin or a very significant part of their net worth in it. I prefer to be diversified.

The problem with having it all in BTC as the OP comments is that some people panic when things don't go as expected and sell at a loss.

Wiwo

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We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

Rockstarguy

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God is great

Quote from: Sir Legend on June 14, 2022, 11:47:50 PM

A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

Newbies always have the mindset of getting profit, they never think of volatility, that the price of bitcoin can fall, when the price fall they get panic immediately because fall of price was never expected. Newbies are always ready to use all their money to invest which is not supposed to be so. But as time goes on most newbies learn from their experiences on how to have patience, how to hodl to avoid loss in the bear market by not selling.

ShowOff

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Quote from: Piesel on July 04, 2022, 03:37:34 PM

Should we now rely on the support from individuals like Elon Musk before investing in Bitcoin,

No, it's not needed. Even if Saylor ever announces that he has consistently invested in large amount of bitcoin, then you should stick to your own stand. You should invest on your own conscious decision and should not rely on other "Personal or Institutional" investors as your losses and gains are your responsibility and not someone else's.

Quote from: Piesel on July 04, 2022, 03:37:34 PM

one thing for sure is the fact that most of the people you see promoting and influencing the Bitcoin market are doing that for their interests? Take Elon Musk, for instance, his company holds a large chunk of Bitcoin and is still buying so if he makes a tweet about Bitcoin many people may get influenced, and ve motivated to invest in a biased manner.

Do not use institutional investments as your benchmark for investing because you may not be able to follow their investment patterns even though they actually appear to support bitcoin. You just have to believe that bitcoin is good for beginners who don't really understand how other crypto assets work, this will give them a bit of a safe way to invest in crypto, because at least bitcoin won't let you down in the long term.

Piesel

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Quote from: Bitcoin2009 on June 16, 2022, 12:54:46 AM

Don't hesitate and regret if we want to invest in bitcoin, the opportunity to continue to increase is very large especially the support from top influencers like Elon Musk of course will make the price of bitcoin continue to skyrocket, newbies and experts are the same, namely, the opportunity for profit and loss is also large, don't give up and afraid to invest in bitcoin.

Should we now rely on the support from individuals like Elon Musk before investing in Bitcoin, one thing for sure is the fact that most of the people you see promoting and influencing the Bitcoin market are doing that for their interests? Take Elon Musk, for instance, his company holds a large chunk of Bitcoin and is still buying so if he makes a tweet about Bitcoin many people may get influenced, and ve motivated to invest in a biased manner.

Bitcoin2009

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Don't hesitate and regret if we want to invest in bitcoin, the opportunity to continue to increase is very large especially the support from top influencers like Elon Musk of course will make the price of bitcoin continue to skyrocket, newbies and experts are the same, namely the opportunity for profit and loss is also large, don't give up and afraid to invest in bitcoin.

dataispower

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Quote from: Ojima-ojo on May 17, 2022, 05:39:13 PM

Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.

as you are coming new into cryptocurrency and you have to observe the environment and the coin god is good for investment like all this altcoins some of them don't have good potential for investment purpose and the market of cryptocurrency is getting bearish everyday and nobody is hoping for any altcoin for investment and it is sure that Bitcoin Bond is stronger than any cryptocurrency for investment purpose, a beginner all cryptocurrency is suppose to start with Bitcoin and ethereum as a primary coin to invest on because it will take time for this two mentioned coin to crash

Quidat

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Quote from: Sir Legend on June 14, 2022, 11:47:50 PM

A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

Its okay if they had put up their funds in Bitcoin since we know that this is one of the most best things to be done but as mentioned on which market situation do becomes salty
then this is the time we do really make ourselves panic specially for those noobs who doesnt have enough experience which it would be mainly targeted out by
emotional aspect which is really very that common, due to our lack of experience then we would really easily panic and since you arent still aware on how this
market works initially then these are really just common reactions.

jaberwock

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Quote from: 19Nov16 on June 14, 2022, 10:05:07 AM

Most newbies will panic if the price of bitcoin drops more than 25% in 3 days, of course this is a lesson that is difficult to forget that putting all money to one type of investment is risky, but the good news is if the newbie can be patient then the opportunity for profit is very large, the price Bitcoin drop significantly like a few days now it has often happened, what we do is be patient and wait for the best time to sell.

This is why newbies lose their money at first, and then some of them leave (most of them) and some of them stay and make their money back.

Definitely, people who invested into Luna may not recover at all, but people who were invested in bitcoin (which as a newbie you should only do that) will recover that eventually, if you are a newbie and keep saying things like "people always say that it will recover but we are down so much!!!! It won't recover you are idiots!" etc etc, will be the ones who regret a year down the line when the price is high.

This is why I always say that veterans are the ones who do not make a big deal out of ANY movement, up or down, big or small.

Sir Legend

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A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

Lanatsa

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Quote from: Amicable55 on June 14, 2022, 10:30:43 AM

If you have much courage and patience. It's golden time for you to buy BTC and hold as long as you can because it will break Higher High of this probably..

Nothing is assured but we've seen into those things in the past on where it do reaches out price levels or points which we didnt really expect for it to be reached out which its not bad to presume once again that we

would really be heading into that point again but for now, placing yourself into the bottom would be the most ideal thing to be done but of course you shouldnt really consider on going all in yet everything isnt assured
and always be having those other funds for other priorities in life.Investment is good but always take precautionary measures on something which you might encounter and if you do have money then you could
at least able to resolve it out.

Amicable55

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If you have much courage and patience. It's golden time for you to buy BTC and hold as long as you can because it will break Higher High of this probably..

19Nov16

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Most newbies will panic if the price of bitcoin drops more than 25% in 3 days, of course this is a lesson that is difficult to forget that putting all money to one type of investment is risky, but the good news is if the newbie can be patient then the opportunity for profit is very large, the price Bitcoin drop significantly like a few days now it has often happened, what we do is be patient and wait for the best time to sell.

Rufsilf

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Quote from: dezoel on June 12, 2022, 04:00:05 PM

I believe that we are going to break ATH again one day, maybe not today, maybe not tomorrow, but we are going to break it, and when that day comes, we are going to end up with a great profit that will make us all rich, so I am fine with buying at any price for the past month and a half.

People made their anticipations before that and that is why they fill their bags with Bitcoin and some potential altcoins believing that ATH will come after this bear condition. It is a way of thinking and remembering that past that many have been missing the opportunity for they think negatively upon seeing the huge decline. But for now, they consider this a big opportunity to earn more.

Presumably, we have this ATH again 2-3 years from now. It can be a long wait which might a challenge for newbies and short-term holders but I strongly encourage them to do so, otherwise.

Topic: Reason why I put all my money in Bitcoin as a newbie - page 3. (Read 1853 times)