Topic: With all your assets, Investing in Bitcoin is really a madness or beneficial ? - page 3. (Read 1093 times)
September 18, 2021, 04:27:30 AM
It was great that the family earned huge profits and took that amount of risk. However, I think that investing all your assets in one basket isn’t that much of a great idea, since if by chance you face loss then all your assets will be finished in one go.
September 18, 2021, 02:59:43 AM
I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
You can start with small investment as it is the best way and it is implemented by many. Taking oine step at a time is what I believe. Invest and then analyse, observe your investment. Talking about bitcoin we dont know what will happen in the future. It is afterall a digital currency. It is not developed by the governing body of any country as far as I am aware.
https://qfinancialadvisors.com/can-bitcoin-reach-one-million-updates/">Bitcoin
September 18, 2021, 02:03:29 AM
Money is not the most important thing in my life, it is not my main concern. I am just looking for happy life, but I still need money. I don't invest all of my money in bitcoin but I just invest some of it. For me it is enough because I can earn more than 100% profit every 3-6 month, I think it still okay. I want to build my own company, so I can contribute to the country economy.
September 18, 2021, 01:07:23 AM
Bitcoin is a profitable cryptocurrency. Although you can get a lot of profits by investing in bitcoin, there are great risks in investing all your funds in bitcoin. The crypto market is very unstable. The price of bitcoin fluctuates greatly. When the price drops, the invested capital will lose money. At this time, it is also vulnerable to the influence of market sentiment to make wrong decisions. So don't use all the funds to invest in bitcoin.
September 17, 2021, 06:34:03 PM
We usually think about risk when it comes to investment and think about selling all the assets for this sake, I can't really imagine that thing but to wonder why some actually doing this. That it looks madness but somehow, they get what they want and know that investing in Bitcoin is profiting and these people had taken the high risk more than the others can do.
This is just like committing a loan, it is all the same and I don't stop them if that only the purpose unless if they use it for gambling. But as they wanted to grow their money more through investing, that seems a good idea IMO.
This is just like committing a loan, it is all the same and I don't stop them if that only the purpose unless if they use it for gambling. But as they wanted to grow their money more through investing, that seems a good idea IMO.
September 17, 2021, 06:23:43 PM
I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
The details on the family and their crypto journey is just too sketchy to draw any conclusion. On the other hand, if you read through several posts in this forum, you will find the answer to your question. There's more buying, trading bitcoin than meets the eye. One needs to develop both soft skills and hard skills to survive in the cryptocurrency space. You need a special kind of skill which is to learn from the mistakes of others so you don't become a statistic.
September 17, 2021, 05:07:53 PM
I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
I believe in trading and i also believe in bitcoin and also believe that i can gain a lot with bitcoin but I will not invest all of my asset with it because i am not that good when it comes to trading. Maybe i will just invest a part of my asset but not to the last part of it.
September 17, 2021, 10:01:21 AM
both can happen, namely the risk as well as the benefits. all that we will get depending on how we invest in it. It should be underlined that selling all assets owned to invest is a big risk. many people are greedy and also want to make a quick profit, even though many are not too familiar with bitcoin investment. bitcoin can be crazy for people who really can't follow the flow of the crypto market, too hasty and reckless are some of the reasons someone experiences losses.
Some did that, it was a big sacrifice on their side but look, they multiplied their finds more than twice during Bullrun. That certainly be madness but the results are good and not regretful. Maybe if they sell all their assets and put them into the wrong investment, that certainly sounds crazy but as they invest into the thing that really has the proven positive results, it all be the right decision had made. That is totally a risky decision but it was the willingness, ain't that a problem anymore. Perhaps, these people had trust towards Bitcoin and so they did this. September 17, 2021, 09:51:58 AM
both can happen, namely the risk as well as the benefits. all that we will get depending on how we invest in it. It should be underlined that selling all assets owned to invest is a big risk. many people are greedy and also want to make a quick profit, even though many are not too familiar with bitcoin investment. bitcoin can be crazy for people who really can't follow the flow of the crypto market, too hasty and reckless are some of the reasons someone experiences losses.
September 17, 2021, 12:31:16 AM
Selling all your assets to invest in Bitcoin? Then you’re not applying proper risk management. Of course you can make a whole lot of profit when it goes up but what happens when it drops immediately after you use all your assets to buy it? Good advise: Invest what you can afford to lose. Don’t just put all your assets in one place, diversify.
September 16, 2021, 03:34:22 AM
I may take out most of my money to invest, now it is. I like to buy a bit currency. I have money, I will invest in Bitcoin, and some cottage coins. I think investment encrypted currencies is relatively simple than investment real estate.
September 16, 2021, 02:54:49 AM
Invest only what you can afford to lose. Do not be greedy and end up in regrets. Maybe the family could afford the loss, maybe they had some other money somewhere. I think it is actual madness to invest every single thing you have (whether you are investing in Bitcoin or something else). Also, in as much as the family made great gains, they could make great loss! So imagine making a great loss when all your money is involved.
September 16, 2021, 02:47:46 AM
It's madness but at the same time is admirable because bitcoin is known for it's volatility and I don't think that investing it in an all-in isn't the right thing because you never know what's going to happen next.
September 06, 2021, 10:40:19 AM
Simply put, bitcoin will still exist because bitcoin is firmly entrenched in people's minds even though we can't predict how far it will last which certainly won't fade easily, even though bitcoin has the potential to survive, but I don't suggest we should put all our money into bitcoin investments because it will be very risky, so it's better for now we just speculate with the amount of money that doesn't matter if we have to lose it all.
September 16, 2021, 02:40:26 AM
This is bold and beneficial. As long as you are proficient in investing, you invest all your money and you get more money. But if you are still a novice investor, don't invest all your money. You need to have the remaining money for daily payment and consumption. It is troublesome for you to exchange money for something that requires funds. You can invest a lot of money, but leave a portion of it for daily life.
September 15, 2021, 10:57:24 PM
in my opinion investing all your asset in bitcoin is madness, especially if you are not filthy rich. because bitcoin's market is volatile meaning it is always changing and is prone to losses. if you are to invest your assets into bitcoin, make sure that you will save some for other investments and also some for yourself so just incase that if your bitcoin investment fails then you will have fallbacks and will not lose a huge amount of money.
September 06, 2021, 09:55:56 AM
In 2019, bitcoin has not reached the price that happened this year so those who invested in that year and sold at this time of course they have become millionaires, as has happened to families who stored a lot of bitcoin in 2019 and now they have enjoyed such great results this year, And we still have a chance to make a big profit this year because every year the development of bitcoin is increasing so we have a high possibility to be among those who are already successful today.
September 09, 2021, 02:00:53 AM
We already know that crypto is a highly volatile market so there’s nothing unexpected in these price fluctuations. I believe that bitcoin is a long play, if we look with a wider perspective these fluctuations don't matter in the long run.
September 08, 2021, 09:07:56 AM
One can never reiterate how important it is to diversify your assets instead of putting all your eggs in one basket. Yes one might say bitcoin is very profitable today and would pump to millions in the future but you gotta understand that within that timeframe you would need to earn money too, otherwise why would you put your money to crypto when you can just put it in the bank if you'll let it be a sitting duck? Be dynamic, learn to choose between assets and which one to pick for long-term holding and day trading, that way you can secure profits.
It seems to me that doing crazy things sometimes produces very unexpected results, selling assets or valuables to invest in bitcoin is not a crazy idea in my opinion, on the grounds that you still have other income or reserve funds when you invest.
What's important is that you do it based on sufficient knowledge and analysis to convince you, like a big investor for example, no big investor will invest large sums of money even sacrificing one valuable asset or another to invest in bitcoin.
because they believe bitcoin for the long term will provide satisfactory returns as it has in the last 10 years.
unless you don't believe in bitcoin better just ignore it, and I personally believe in it.
An ambitious move yes, but as long as he has some sort of backup plan behind all of this in the event that he does go balls deep on bitcoin and loses a considerable amount of his investments, he should be off the streets. But if he doesn't have these plans and is going all-in on bitcoin because of the promise of profit, then it's much better to advise him to do the opposite and invest on multiple assets because bitcoin does pay, but the long amount of time it takes for the profit to come in will definitely leave you penniless and homeless, if you were to invest all of your assets that is. What's important is that you do it based on sufficient knowledge and analysis to convince you, like a big investor for example, no big investor will invest large sums of money even sacrificing one valuable asset or another to invest in bitcoin.
because they believe bitcoin for the long term will provide satisfactory returns as it has in the last 10 years.
unless you don't believe in bitcoin better just ignore it, and I personally believe in it.
September 08, 2021, 07:41:37 AM
I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
It is not really advisable to sell all of your asset and put it all in BTC because the market in crypto is super volatile wherein it could be new all time high or the other way around which is a nightmare for all investor including traders. It doesn't mean it worked for them, it will worked for everyone. So just invest what you can afford to lose , BTC could crash anytime just like on what happened few months ago and if you're not mentally prepared then don't do it.
This is so crazy and its like suicide if people will do that since imagine how big the risk we might get for certain movements of bitcoins, also we might lose a value for the volatility so for sure once people see that price decrease on their asset then they might get panic and dump so for sure they will get in trouble for doing this that's why its not really advisable to do this things since we might get broke instead of aiming to get wealthy and spend only what we can afford to lose this is always advice here so hopefully newbies will listen.
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