Should i take the risk or not - page 4.

worle1bm

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

The first rule of investing is that first learn about the market and make complete research based just on your opinion and then dive in this crypto market trading.You can put your $3k in your bank and with some time it could become $3.5k also and your investment is safe until they make some rules or any fraud is detected and your funds are gone.Rest if you choose to invest in bitcoin you need to have patience and heart to see $3k turning into $500 also at some point but it will surely rise after bull run.So the decision whole and solely lies with you.

Avantikakaur

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There are many ways you can earn and invest in Bitcoin one of them is that you can earn Bitcoin by trading. When you decide to trade Bitcoin you need to have a lot of knowledge. I would say that before you invest you must have a lot of experience about trade think trade is foolish to invest without a clear idea about trade. First you have to decide what percentage you want to invest from the main fund and then you have to decide what percentage of profit and loss you want to make.

Note: Rememmber that trade is most of times there are destructive steps so you must do some research and take action.

lienfaye

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

Putting your money in the bank wont gain you anything. Thus if you want to maximize your chance to grow it, investing is the good option. But the problem is the money that you will going to use is not a spare money since you're assuming there's a guaranteed profit by next year.

Price of bitcoin is unpredictable, if you're willing to take risk then timing when to buy and that is during dip, then hold. If the price plunged you will only lose the value but not the number of your bitcoin, the only solution is to be patient and hold even it takes long period.

Take risk but have less expectation.

ultrloa

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Quote from: sapnu on July 13, 2021, 11:41:05 AM

Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

Considering the current dip, it might be a good opportunity to start investing right now. You should assure first that the money you will be investing is the amount that you can afford to lose. No matter what, entering crypto is a risk, it's just a matter of being wise and strategic on when you are investing. Those who do not have enough patience to wait for a perfect timing will keep on losing what they risk so make sure you have the perseverance and focus before committing in an investment. The value of bitcoin is very volatile so there's a chance that the money you invested will decrease or increase depending on the current market situation.

We see the price at down side so its really good to enter this current situation since the market is now at cheap price compare on what we see on it last past months but also we need to be careful about the possible hypes since this one could possibly destroy our discipline if we believe easily on someone's opinion that's why we really need to do a proper research if we want to invest on certain investment areas since we really need to aoid scams or possible losing due to bad decision on market volatility.

AakZaki

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zknodes.org

All decisions are yours. Because I have entered the world of bitcoin, if I were you, I would enter the funds as fiat or USDT. But if you are really interested, you have to manage your funds wisely. A beginner should be prepared to lose money and that's what I tell all my friends who ask me about trading. $3K is a lot you can split and use smaller funds than that to start investing or trading in crypto.
You have to keep trying and not be afraid to fail because everything is a process. An expert also starts from a beginner. So don't hesitate.

sapnu

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

Considering the current dip, it might be a good opportunity to start investing right now. You should assure first that the money you will be investing is the amount that you can afford to lose. No matter what, entering crypto is a risk, it's just a matter of being wise and strategic on when you are investing. Those who do not have enough patience to wait for a perfect timing will keep on losing what they risk so make sure you have the perseverance and focus before committing in an investment. The value of bitcoin is very volatile so there's a chance that the money you invested will decrease or increase depending on the current market situation.

Zilon

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Bitcoindata.science

If you can afford to loose the said amount then you go ahead with your decision else invest what you can afford to loose so that you can always bounce back if it doesn't work out as planned. Once it involves crypto investment I advice investors to venture with spare fiat currency. An amount you wouldn't have to sobber about if things goes wrong or if you begin to loose patience because investing in Bitcoin requires your patience to it's maximum

Luzin

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Indeed, when you want to enter into new things there is a big consideration that you need to think about. You just need to learn for it, ask here and diligently read. Most of the people here will answer your questions wisely.

If I see your funds are really big. First I get to know the world of crypto my funds are only 1/15 of your funds. To take it or not, all successful people must be willing to try to take all the risks. There is no success without process and risk, in trading many say big risk equals big profit opportunity. So the decision is yours.

TheNineClub

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the only risk you should be taking is learning about crypto and trading. That way you will not be taking risks in the future, but educated guesses. This forum is not meant to be direct financial advice as no one really knows, but a marketplace of ideas related to crypto.

cheezcarls

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

First and foremost, it’s great for you to be a Bitcoin enthusiast. However, before you do so, always do your homework and research. Educate yourself first about Bitcoin. Are you here for short term or long term?

For me, long-term is always the best by just simply buying and holding. However, if you want to have daily income, better start a business that would generate you results.

Trading or investing Bitcoin doesn’t have astronomical guaranteed returns. Don’t expect or project that you will profit at a certain point of time. It’s unpredictable and we don’t know where Bitcoin might be heading next. It could go down in any minute, or the other way around. Or it might go up all of a sudden without warning.

GreenHash

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The first rule is that you only have to invest what you are willing to lose.

Grin

Renampun

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

this is the beauty of life, you risk something to get something...

no one knows what the price of bitcoin will be in May next year, everyone just believes that in May next year the price of bitcoin will not be like today. invest with full awareness and full decision and be prepared for whatever happens, then you will not feel lost.

Upgrade00

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Quote from: Jontokhan65 on July 12, 2021, 09:47:47 AM

Yes you can invest many people get good profit by investing. If you invest the amount of money you have, you will get good profit but the current market is bad so now there are not many people investing.

There is no guarantee in any investment and buying Bitcoin does not mean you'll get "good profit" back, regardless of how much you have to put in.
Also, when the market is ~~bad~~ not so attractive and many people are skeptical about investing, that's usually the best time to buy and not during a FOMO when the price is skyrocketing.

ipanks

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From this month until May in the next year will be 10 months and you have $3k. Maybe you can invest in bitcoin every month and divide that $3k for every month so in every month, you can buy bitcoin for $300 at any price. You can select the first day in the next month to buy bitcoin and hold it in your wallet. But I wonder if you can do that monthly as you will see bitcoin price will always change day by day and that can make you worry unless you control yourself to calm down.

But bitcoin is not a shortcut to make fast money because that will depend on how good bitcoin price movement. As long as you do not sell your bitcoin, you will lose but you will see the fluctuating money value for your investment. But how if the bitcoin price does not increase more than $64k or even $40k in May next year? Do you still hold your bitcoin or just sell it in the next year?

If you can accept the risk, you can try it for a year and see how much profit you will get later.

Jontokhan65

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

Yes you can invest many people get good profit by investing. If you invest the amount of money you have, you will get good profit but the current market is bad so now there are not many people investing.

hosseinimr93

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Quote from: Wisdom O on July 12, 2021, 07:48:21 AM

@pooya87
I Know everything is risky but I need to know the level of risk I am taken before making a mistake.

I think you didn't get pooya87.
Pooya87 is saying that you shouldn't look at bitcoin as an investment. You should look at bitcoin as a decentralized payment system.

Satoshi didn't create bitcoin to make people rich. Bitcoin has been created to give you full control over your money. Bitcoin has been created to not allow governments and central banks steal your money using their printers.

I recommend you to compare fiat with bitcoin. Which one do you prefer? A centralized currency or a decentralized one? Do you want to have full control over your money?

I myself prefer bitcoin over fiat. (No need to mention I have to use fiat as well.)

Bitcoin value against fiat may increase over time. But that's not guaranteed specifically in the short-term. If that happens, I consider it as a reward for the trust to a decentralized currency.

Wisdom O

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@pooya87
I Know everything is risky but I need to know the level of risk I am taken before making a mistake.
Thanks for the comments.

Magicalking

full member

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Op I think its risky putting yourself in this type of situation. It would be better to use a third person when discussing such topics that involves money. Now you will be getting unsolicited messages from so called experienced traders giving you advice on what to do. Lucky for you the forum is anonymous and your information isn't public. But do not make the same mistake with other social media platforms.
To answer your question, you can learn about bitcoin by simply reading specific threads on the bitcoin discussion board. As for investing in bitcoin, that should be a decision backed with knowledge of what you're actually buying. Bitcoin is volatile and there is no telling what the next price will be. While I am not a fan of saving money in banks but its better than losing your money on some fake ico projects

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Invest in knowledge and learning first.

Be responsible with your money, you can ask as much as suggestion that you want and read as many as you can good suggestion that will be said to your question.

But it's still you that will have the final say.

isaac_clarke22

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Quote from: Wisdom O on July 11, 2021, 03:13:07 PM

~

It is your money, OP. As what others mentioned in here, just invest those money into your business as nobody can tell if you are gonna lose that money next May even if such news you see around the internet speculates that it would go hundreds of USD but that is just merely speculation.

How about this? Invest only in Bitcoin if that portion of that you're investing does not affect anything that you want to happen. In this case, it would affect your business so I would just advice no. Like what they always say, invest only what you can afford to lose.

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