Topic: Should i take the risk or not (Read 978 times)

OP this thread run for a long time I think it's time to lock this thread to prevent spam from other user you can lock this topic in the left bottom of this thread.
Cause as I observe earlier there's many newbies bumping old threads I don't know why.

There is risk involved in every business.Any business without risk,whether small risk or big risk,it'snot a business that will generate money.
Life requires one to take a step and do the things you are scared of.Take the risk by investing,either in long term or short term.
If your scared of day trading,then you hold.

It is difficult to predict the future of Bitcoin. It is dependent on customers all over the world. But I want to tell you if you have a complete idea about trading then do it. And if you don't have an idea about trading, get an idea about it. Because you never want to waste your precious money. So it is very important to understand technical analysis, fundamental analysis and trading charts.

Thank you.

Without taking risk it wouldn't be possible for you to make some good money or at all money in Forex Trading.

No one can give you a precised response as to whether or not Bitcoin would appreciate and when that will happen. But do you even have a personal knowledge about how Bitcoin operate?
This is coming so many months after your post and am wondering what your decisions where and how it turned out to be.
.where you able to purchase Bitcoin?
Did you use 💯 of the money you had and has it appreciated so far???

Better not to invest what you can't afford to lose 100%.

You can take a risk when you actually know what you want to risk for, especially when it is time of Bitcoin. If you can't take risk in life then you are not ready to win because every business involve risk but risk are just powerful than one another. For me I toke a risk in 2017 by investing my all money in Bitcoin. I bought Bitcoin worth $1k and I leave it 2021 before I sell off now I have make some money by the risk I pray.

No one can tell you for sure what will be the rate of bitcoin in May or not. But if you have patience, then you will never be in loss in good assets. And you should invest the money which you are ready to forget after investing it. Bitcoin is something that came in 2009 and till now the world has not understood it properly. So you yourself are wise that when people start knowing it well, then what will be its future. When there is no understanding, even at that time bitcoin has crossed $65000+.

Before you take the risk study the risk , weigh the risk if you should go for the risk probably it comes out to be a negative outcome if it would spoil things for you or not. Risk should be calculated  very well before looking into. Some risk are too dangerous to fall for.

I wonder what happened with you now dude, have you invested your money or not?. IMHO, the key is "managing risk". If I may, I want to share some unwritten rules investing in the crypto world. First, don't use your hot money, use your cold money instead. Second, invest money that you can afford to lose. Third, divide your investment into several portfolios don't put it in one bucket. Fourth, when you trade, don't make a decision based on emotion merely and don't rely on other people to decide what and how you invest. DOYR, instead. I hope you can gain some profits from here.

I wonder if someone is asking like this, it means that he or she is not ready to take risks. 'We so far must understand our ability to take risks.
Moreover about investing in crypto which is very risky enough.
However, if you really want to try to take the risk, ensure that you really know what you take, you must learn to know the risk and also benefits that you may gain.
It may be not easy because you may lose your money because of taking the risk. But as long as you are ready you know very well about it, and also know how to manage, just go on.

You can get guarantees only in a bank if you still decide to open a deposit there at a very small percentage, which cannot be compared with the potential profit that can be obtained in the cryptocurrency market. But no one will give you guarantees that you will get a big profit from buying BTC until May 2022. If the market is bearish, then you may get a loss, not a profit. So you have to make your own decision.

For proper life security its really good not to quit your physical job while indulging yourself on the risk at cryptocurrency trading since in the first place we cannot really assure that we will get a profit here everyday that's why its lesson which needed to be learn by other  who plan to do that on what you have experience since its really difficult to find another job especially right now where many company are closing down due to pandemic.

The most impostant thing is TO HAVE A reliable job on which you will count (NOT on the trading only)because of the big risk of not profiting as much a s you would like or even lose .I made the mistake to jump with both legs and that costed me a year of my life searching for a job and then proving myself in the company. Take he advice
thank you

Life itself is all about risk but to me i will like to advice you before risking your money to any project kindly Check the details and look the progress of the project before taking any risk. To me i will rather take a risk on big projects and see the outcome rather investing on shit coin.

Take time to read all the comments and suggestions here you can learn a lot but at the end of the day it will be your decision if you will take risks or not. Running business or investing money always involves some risk-taking, it depends on how you manage to attain your financial goals.

Risk is involved in every thing we do in life,especially when it comes to finance and making investment.But I assure you if you can have the mind and take the risk,bare two things in mind,it might come out positive,or the other way round,but be hopeful and optimistic that you will get positive result.

Taking risk in a business is very necessary and should be be done only when we made decision that anything can happen,whether you will loose or gain.You might probably be lucky enough to make good gain,so try first.

I am sure by now you might have got an idea on how to go about it. I would say, you have come to the right place and have chosen the right coin to invest your $3k as you are new to bitcoin. Yes, its a risk as long as you worry about it, but just buy and leave it for few years and do not expect any return out it now. Just watch the market. When you see its anytime ATH in future, then sell your coin for a good profit. So never worry about it. Invest and wait.

My comment may be too late.
However, I personally always think that whoever wants to invest in Bitcoin or cryptocurrency, ensure that:
- You have been ready to take the risks, if not ready or confused about it, it is better not to invest
- You use free money, not money to build a business later, because you don't know whether the market will be good or not when you are willing to sell later

Yes, I agree with you. If you're wondering why you should take a risk, you're not ready for the investment because you don't have a reason to begin with. Most investors try to invest because they want to make money by analyzing the market; this is the most common reason, and people are willing to take risks because investing is a risk. So I'm not sure if the OP really wants to invest, but if you're looking for a good reason even if you don't need to, you might end up losing it all because of rash decisions.

Don't know if this is still relevant, but for anybody that's new and reading, if you are asking for investment advice on the forum you might not be ready to invest. Do yourself a favor and take the time to learn where your money is going, what to expect of it, and how to plan out your investment. I mean, you can always throw away your money but why do that.

Well taking risk is an important point in trading, the more the risk taken, the more gain you have but it need some time most especially in trading bitcoin. The limited time you stipulated might run out without you even regaining your money, but with time it will surely become successful. Therefore according to rule, do not invest the money you can't afford to lose.

For the fact that leaving your money in the bank can not yield you much interest and invest in cryptocurrency is a risky game, the responsibility is left in your hands to decide either to take that risk or leave with your fears. But only invest what you can afford to lose.

This is just the perfect answer to the question. If the poster takes heed to these points, by this time next year he will be back to say thank you.

The mind of every investor or every man going into business is either to make profit or gain profit,but one thing that accompanies business is taking a risk.They say it is risky not to take a risk than taking a risk.

Risk is part of life,it is only those that have determined to succeed by all cost that takes a risk,and a risk taken today,is the price that has been paid for a successful future.  Take the risk by investing today and have the hope of a blissful future tomorrow.

If you take the risk it may come out with positive results, since you are going into a long-term investment I'm not sure the end of it will be loss. Taking the risk is the action most good investor go after. Go ahead and invest

This is correct procedure upon taking risk.

People are misunderstanding taking risk when they buy things that they don't know and just learned from the others and heard them that they made money.

But this is blindly taking risk and it's not a good strategy if you're a risk taker. All they assume that they've taken risk and awaits that it will bear fruit but without understanding what they did and what they are entering, that's a mistake.

I think @upgrade00 already said it all, @op said he has $3k usd which he plans to use next year for business, we all know that bitcoin and cryptocurrency in general are very volatile and highly unpredictable when it comes to price movements, understanding correctly what the op is trying to say, he probably can't afford to lose this money since he plans to start up a business with it next year, even though I would say investing the money in bitcoin is best compared to putting it in the bank, but investing it in bitcoin also has its own risk, so my advice is to just follow what @upgrade00 said, start up a business with that money and invest a certain percentage of profit in bitcoin every week or month, which ever is more convenient and bearable.

Okay fine i properly read your question.Investing is risking. The beauty for Bitcoin is that even if you are not a trader you still could profit a lot when the price goes up.If investment is your only option then you should invest those amount what you can afford to lose.what would you possibly do by then? Would you be selling with a loss or would you continue to HODL until profit is made?Well though business is your ultimate goal then you can choose your own.

Yes you can take the risk but the condition is only when you can afford to lose and also before taking risk you have to knowledge about bitcoin means you should do some research before putting your money on investment. But for those who can not afford to lose then they should not take the risk because it's not that easy you think.

No one knows, only invest what you can afford to lose.

If investment is your only option then you should invest those amount what you can afford to lose.  By reading your thought i understand that you know better about bitcoin risk and its volatile. How much volatile is it, and thats why you asked about this that in this 1year is this amount should be better to invest. Then if it gives a good return in one year then you might invest a more to your business. Well though business is your ultimate goal then you can choose your own. But we bitcoiners are hopeful. We live in hope. And its your choice if you can live in hope then you can choose to invest and wait for your time. Now its your choice.

Also, never, ever take investment tips from random dudes from the Internet!

Yes

Now what was the question?
Also, never, ever do more than you are prepared to lose.

You talking about the digital currency that you can invest money on and still be able to sleep at night? Yes that's what BTC and I don't feel or think about what may happen I just buy and hold here and there because BTC is the true decentralized project I ever know, whatever the market throws BTC will keep standing strong, you only lose when you sell at loss

I think you leaving your money I'm bank there is no alway profit but if you invest in bitcoin most especially long term investment you should be expecting a very good return In the next few years but if it is in your bank no profit. If you can't take risk you can never make it you just have to take risk before you can make it and bitcoin is even a nice investment so I believe if you can take the risk then In the nearest future you will already be in a good profit already.

Your money is yours, but you should do some research before investing. It's like putting money on a horse and betting on it before it wins a race, you might get lucky, but you might get very unlucky.
However, with the cryptocurrency's recent surge, there are signs more people are finding that bitcoin is a worthwhile gamble.

How did you now about bitcoin? Did your friend told you, or did you get curious about it?

You should read more information and idea about how bitcoin works and you need also to understand how blockchain technology operates in the digital world.

It is hard to invest on something that you are not knowledgeable about.

Keep in mind that money is not that easy to earn so it is also not that easy to waste, if you invest it, make sure that you still have money for personal use. Emotion is also a crucial part in an investment, you need to deal and know how to control it so that it can't affect your life.

Your question is very risky to answer.

You need to know Bitcoin price movements are very sensitive no one can guarantee your money $ 3k, growing or less.

Basically everyone involved in the crypto world, especially in the field of risk investment has become a basic challenge in this case, back to your good fortune.

For that, if you have doubts, especially Bitcoin in the month of May, you should back off, but if you have a strong inner bond, the Bitcoin price makes you happy, do it, bottom line: this problem is in yourself do or not (investment).

Op, it's obvious that no investment that does not require a risk, a risk taker always make a profit, so relating this to your question, investing in bitcoin with a particular amount doesn't assured you that you will make a surplus profit after some period of time or interval, because it's obvious that cryptocurrency is a decentralized currency and no one knows what will happen to it's price regulations next year
or next minute, maybe they will be a deduction, price suitability or falling of bitcoin, at this point of time buying a coin is base on decision and determine because it involves risk, and in it's process you might make a gain or you lose, that is the simplest truth or the concept about cryptocurrency. Finally make your choice weather you invest or you keep your fiat.

I would  suggest you get the knowledge first. Advicing people on what coin to invest in is unethical. Do your own research come up with your findings then we can help you in your analysis this is where our own advice can come in. Because research has shown investors who do not research have issues with patience because the want to start seeing the profit immediately and might start giving up too early. So get the knowledge first so you can appreciate your holding decisions

it's very risky because you will use the funds for business next year because we know the price of crypto or bitcoin is volatile, it can pump and even suddenly dump, much better if you want to invest in crypto use money that is ready if you lose that money don't use the money you will use for business purposes it is very risky

Brother it's totally up to you where you want to invest your money if I talk about bitcoin I think this is little bit risky as you said you have to invest your money somewhere else in the next year of may so according to me I will tell you invest only 20% of your amount because it can give you lose instead of profit.

Given the fact that it has been almost two weeks since OP last appeared here, can we all agree that this thread has run its course and it's time to stop repeating the same thing over and over again?

@Mods please lock this thread!

As someone who goes into investing without knowledge is bound to lose, there could be other investors that have made well with their choices as they take risks but it could be luck.

But someone who is knowledgeable in what he invests in, he can take risks easily without worry.

I picked up these two parts of your write up because, I felt its an important but less spoken of part of your write up. Yes, OP might have blatantly ignored or is ignorant of the first rule of investing which circles about 'Investing only what you can afford to bla. bla.. bla...'  but one thing I most bring to the notice of users on the forum is that, this OP spells out that he or she wants to learn the ethics of bitcoin and inventing.

To this regard, I would suggest that, you stand by your words or decision and do the first best thing to and for yourself by learning what is there to know of the trade you are about taking up. All that have been said in the comments are correct and should be taken mote of as well.

Again, living a sizeable amount of money in the bank is very much a waste but then, investing it in bitcoin or any investment at all is not always accompanied with a 100% assurance of profit. There are ups and downs in investments and bitcoin has got that too though, every crypto enthusiast would always want you to take the risk. Likewise me too but that's only if it's what you can bear it loosing, not like you would lose it and then, know that, investments aren't always promising but you can profit as well.

I don't think you are taking a risk. I should say that you throw stones and ask directions first and try to participate. For example, if the same course is free, most of us will not cherish it. If it is paid, most people will take the course seriously, such as You have not bought Bitcoin. There is a high probability that you will not study Bitcoin seriously. If you buy it, then you may really understand and study Bitcoin. Don’t ask about the income first, I think it will bring you more than just It is gains, thoughts, and a world different from the current world.

Taking the risk of investment is up to you, no one hear can give the right to invest or not, that's your choice , we can only advice you on that and my advice to you would be to make out time and understand what you are about to venture into , if it about increasing your money , friend I think you need to keep it in the bank , but if you want to grow with Crypto and the  blockchain technology understand it vividly before you invest .
 I hope you make a good choice

Risk-taking is a vital part of human existence and investment, if you can't take risks then you may never succeed, but again I will advise you not to invest all your savings in cryptocurrency you should invest a little amount since you are still a newbie and keep learning how Bitcoin market works before you go all-in with the whole of your capital.

Risk, struggle and tired when you passed it all then you will be successful like in investment you should take a risk when you invest from bitcointalk money because  it is Volatile

All Investors take a risk for their money cause they Will know after a months/years their Money will grow.
In your Case you have to options first Invest or second put it on the Bank. If I were you right now I'll better to invest my money than banking there's a possible that my capital multiply by 2 or more cause from the word itself invest expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.
https://www.investopedia.com/terms/i/investing.asp
 

A business termilogy said and I quote: don't put all heads in the same basket, business itself involve taking a risk, but it's always good when the risk level is low, make research and ask questions regarding any crypto you want to invest on, but preferably I will advise you take your time to study the trend and understand before investing with your money, remember experience is the best teacher but its never good to learn from our mistakes, rather learn from others mistakes.

Crypto is wide and its so interesting that you keep learning everyday, take your time to learn first before investing and don't use all your life savings on same investment

I invest in bitcoin if I have capital, and I will do that without stamping a risk badge on it, I don't know if you are a work and pay person, like if this is your first time to invest, but if my thoughts about you is what it is then, you have skipped pages in the books if you are to invest in crypto-currency, I haven't invested in alt-coin but I am not going to ask any one this question you asked if I haven't had knowledge about the alt-coin, and not the investment knowledge of it, but the general coin.
And again the scammers especially YouTube, plunges to their scamming work if they read such questions from a -Newbie-.

It is better to involve and take risks in business or investments, but before one thinks of risk, then he/she should
1. Know the basics and have an understanding of what to take the risk about.
2. In the beginning, not everything should be invested to avoid total loss.

Bitcoin is something that you cannot predict 80% of its next move for the coming year, months, weeks, or days, because the fluctuates all the time,
so before you invest in bitcoin, or buy then I will recommend you have a knowledge of the business and have a good analyst who has been in the business as a coach, to avoid losing your whole or entire capital.

If you have decided to invest for long term than wait for some correction and take entry on right time. This can give you profit but patience is need for this.
If this 3k is extra money and your need can be fulfilled without this 3k then i will advise you to invest otherwise bitcoin amd other cryptocurrency is so volatile and can cause big loss.

Many people like to deposit money in the bank to obtain interest income. It is very difficult to add value through this traditional way. Bitcoin and blockchain technology are changing the role of money and banks in society. Compared with banks and other institutions, Bitcoin is a good choice in the current society. Although Bitcoin has certain risks and it is difficult to obtain a lot of benefits in the short term, but you will definitely get high profits if you insist on long-term investment in Bitcoin. It is more profitable to invest money than to deposit it in the bank. It has already brought benefits to many investors and enabled them to achieve wealth freedom.

No one will give you unequivocal advice here, and I would not advise you to rely on the advice of the forum alone, you must choose for yourself a strategy for making money or investing with such capital, you can invest not only in bitcoin create an investment wallet with top coins and change their order on a monthly basis, this will reduce the risk of losing everything, it is not worth investing all your money in just one coin.

Why not put a little amount and not all the money, the risk is attached to everything that we do, you can't take risks then nothing will happen to you,
but always remember in crypto that invest only the money you are willing to lose because in crypto the price can go up and down in seconds and so be prepare and have control over your emotions is very important.

The first thing that you must remember about investing in Bitcoin is:
Be ready for the risk.
If you yourself don't know if you can take the risks or not, I will not suggest you invest in Bitcoin. Because Bitcoin is very risky, once you lose your money and you are not ready with the risk, it's over and you may be stressed. This often happens.

Then, please also remember about another thing when going to invest in Bitcoin or other cryptocurrencies:
Only use free money.
It means that you must use only free money, in which you will not use the money for a long time, at least 4 or 5 years later.
We don't know what will happen to Bitcoin next year. It may probably keep decreasing or rising up. But, If you want to use the money in May, it is also not a wise and good thing to use the money for investing in Bitcoin. Because, if you don't find the rising price in may next year, you will really lose your money and your business funds may be lost.
I am here not making you be afraid or panic not to invest, but, I only tell the reality.
If you want to use the money for your real-life business, better not to use it for investment in Bitcoin right now.

No one knows and no one can guarantee if you will lose your money or get profits. We cannot predict the price of Bitcoin in the future exactly 100% true.

I see that you are still doubtful and not ready for the risks, so, I think that it is better for you not to invest in Bitcoin right now using that money for business next year.

You can first understand the knowledge of cryptocurrency. If you do not understand or understand the cryptocurrency market at all, you are likely to lose money. You can also read the opinions of everyone on the forum. If you invest in Bitcoin, you can hold it for a long time and don't sell it, because Bitcoin has long-term value.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

 

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.

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.

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.

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.

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.

@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.

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

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.

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.

As someone who has no experience with cryptocurrencies, investing in them would mean a great risk to you, not only because of the volatility of that market, but also because you know nothing about how to properly store such digital assets. So I would advise you to study at least some basic things, and if you still decide to invest, think about how much of that money you can afford to lose - maybe 20%?


To the question from your second thread I can only answer that you are not playing with fire until you have mastered the use of ordinary matches - you will burn those $3k in an instant.

I hate to be that guy again but I have to say that bitcoin is not an investment, specially not one that is supposed to make you rich in a short time. It is a currency and its price may very well stay at $34k for the next 10 years. Stop looking past the short term burst-profit and try to look at what this one and only decentralized currency really offers.

Investing is risking. The beauty for Bitcoin is that even if you are not a trader you still could profit a lot when the price goes up and it's certainly going to go up there because it had been proven to be rare. But do not expect to profit like in a matter of days by just holding, it takes time that is why the money to be invested should be your extra money only that you didn't allocate it for something in a short period of time.

Should Bitcoin's price be lower in May next year than today, would it still be all right for you? I mean, what would you possibly do by then? Would you be selling with a loss or would you continue to HODL until profit is made? If it's the former, I advise you not to invest in Bitcoin. But if it's the latter, then go ahead.

How important is that money for you? Or that business? Would it still be all right if that business would get delayed? Or is there other sources of funds to make up for that money if ever Bitcoin's price is low by that time?

Personally, and take my word with a grain of salt, I am very positive that we could break the ATH within the year. So you may invest and not wait until May for you to make profit. Or if you want to, HODL it until 2030 or beyond. There's probably a much bigger money there.

The timefram is quite long so we cant be sure if the price of bitcoin could be on a good stance or not. How about directly use the money for business than investing? But I assume that you wanted to invest first to increase your capital right?

For me its safer to wait first with the market sentiment. If there is a major set back of price then buy btc but for now dont do anything cause its quite risky as of this moment.

I think you don't need to invest your money in bitcoin INSTEAD invest to your knowledge regarding with the bitcoin because base on your statement still you are a beginner just want to earn money from bitcoin. If you already know the fundamentals and basics of bitcoin and the cryptocurrency itself. The bitcoin/cryptocurrency is volatile having a bad decision make lose your money towards the downtrend. Invest what you afford to lose. Try to analyze and learn with the use of technical indicators and more as preferences the end of the day decision is yours.

If you're going to the money to build a business, then just use it to build a business. 1 year is just too short to guarantee a profit not only with bitcoin, but with investments in general. Only invest if you're not going to need the money any time soon.

  Investing is Good and you have a chance can earn through your investment capital. Once you invest you can afford what you have loss, but in investing is an unpredictable cause Bitcoins is Volatile so that we can not predicted the result that's why we loss and it's lucky thing when we progress in investing.

If you don't understand in trading Bitcoins you can learn it before you take the risk so that you have a knowledge on how to trade in the Bitcoins.

If you understand the trade, you can usually trade with it. It can be profitable for you. I'm not saying it will be profitable. But you can keep something if you want. Because in the last few years the price of Bitcoin was $ 65,000.now$35000. You can never believe in cryptocurrency, it will be profitable. But you can believe that there will not be so much loss. You must always believe in cryptocurrency. Even if the market price is low today, it will increase tomorrow.

Well, dont ask financial advice in this community because that is your money and now one will blame if you will get lose your fund.
Bitcoin does not give a promise to any of us to gain profit, because bitcoin at the first, place used as an alternative to online payment methods. However, if you really like to invest make sure that amount is what you can afford because that small amount that you invested is the amount that you will willing to wait for whatever the market and it will hope that the market will go up so that you get your target profit. If you believe bitcoin is good to invest in, why not. Bitcoin is very volatile and it could you will earn that way.

Like all investments, you never know what they may turn into. As you may have seen already, BTC has an erratic behavior - just some months ago it was hovering around $64K USD and not it's around $33K - do you think this is something reliable as to profit in one year from now to your new business? The very first basis of any investment is that you should define what your time horizon is - are you in it in the sort run? Or perhaps you're playing the long game (10 > years) and you don't mind any fluctuations in price due to your time horizon?

This time next year your 3k investment may be worth 6k, 9k, but it can also be worth 1,5k or 1k, depending on how BTC price behaves - and no matter what other people may tell you, no one is able to say how BTC price is going to behave, what most people can is try to guess it, but that's all (and that guess is always oriented towards what they want BTC price to be, so it's never a neutral stance).

That said, money in the bank also doesn't generate wealth - in this game the only player that is winning is the bank itself. Again, I don't know where you're from (and such can't talk about investment options) but if you really want to invest that money please make sure that you have an emergency fund before - this means that those 3K aren't going to cause damage to your financial situation if your investment goes to a bad route. If you already have some kind of investments in ETF's, stocks, commodities and you just want to diversify your portfolio, then BTC is a good opportunity to study - then again, you don't seem like this kind of investor (for now). I would highly advice you to study more and define your own goals as an investor before jumping into this sea (or any other to be honest).

In my opinion, your money won't go into waste if you invest in bitcoin, are you planning to hold or trade bitcoin? Holding it is a good investment, your capital won't be lost easily unless bitcoin crashed very hard since bitcoin is very volatile.

Above all, do not invest in bitcoin if you still lack of knowledge about it, it applies to all kind of investment. That's risky. Do your research first, and then decide. It's nice that you asked.

No one can give you a concise answer on what bitcoin will do in the future.

Do you have an amount your comfortable losing? If it's $20 for example then you could invest that.

$20 from 2015 to 2021 is around $3-6k now so balances can quickly add up even if you put in a small %.

The issue is, what would you do without that $3000 and what would you do if it goes to $1500,$750,$200. Pricing is irratic and while btc trends upwards - it might not always do that.

This contradicts one of the popular rules of investment; only invest what you can afford to lose.
Investing funds you actually need (or would need in the near future) puts you in a tight spot as you'll be more likely to cut your loses at price drops.
Only invest amounts you can afford to lose, you could also DCA;
• Start a real life business,
• Apportion a part of your regular profits to buying Bitcoin,
• This would be a fixed amount at a fixed time, such as weekly or monthly
This way you build your portfolio over time with less risk.

The burden of the final decision rests on you and do not view any reply here as financial advice.
You do not lose funds invested in Bitcoin unless you sell at a loss

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?