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Topic: With all your assets, Investing in Bitcoin is really a madness or beneficial ? - page 5. (Read 1031 times)

member
Activity: 1358
Merit: 81
The example of the American family that sold all their assets, I hope they have not sold their house I think it is very risky.
Investing the other assets would be good to have a Plan B if something negative were to happen, such as the market falling for some reason as delicate as it happened with the onset of the pandemic.

Investing all the income in bitcoin could also result, you always have to see the investment in bicoin with the condition that it is long-term.
Because you will not sell your bitcoin and therefore you will not lose, you will only sell what you need for your daily needs.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
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 !
Like we all know that investing in Bitcoin has it own risk but if you are up to the task, then you can decide to take the risks that is involved. Much persons are very good in taking risks in business while some are not, so we'll have to measure our risk taking in business before copying another person that knows the motive behind his actions. If you feel like taking the same risk like the person that sold all his assets just to accumulate Bitcoin, well it's good but we'll have to be certain about the degree of risks we are taking before anchoring unto it.
sr. member
Activity: 2436
Merit: 324
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 !
That family must have an a backup or something to fall back to cause I can't imagine selling all my assets and investing everything in bitcoin, the risk was really high, but looking back now it was worth it cause they will probably have x3 or x4 of whatever amount of money they invested into bitcoin, but i don't suggest anyone should this out now, rather just invest only what you can afford to lose, don't go all in like they did except you believe bitcoin will go past $100k in the future.
They should really have back up plans because if they do go all in and market had dumped down then they would be fucked up but if the market tends to rise even more then that would really be a great fortune.

Beneficial on the sense that market goes up but it would be madness if it dumps down.It would really be having only two paths to take and its up to someone if they would really be that prepare

on things that they might experience if bad or unfortunate things do happen. So they should really be thinking of careful and be prepared on whats ahead.
hero member
Activity: 1932
Merit: 622
ROLLBIT > Crypto's Most Rewarding Casino
So far, it offers and gives me more beneficial than madness. Because I have been ready with this investment and I know the worth of Bitcoin investment.
However, I am not the kind of family that sold their all assets to invest in Bitcoin. I am not that kind of bravery.  Grin
Because however worthy and promising, risking myself and my family into something that is very risky is not my path.

That family must have an a backup or something to fall back to cause I can't imagine selling all my assets and investing everything in bitcoin, the risk was really high, but looking back now it was worth it cause they will probably have x3 or x4 of whatever amount of money they invested into bitcoin, but i don't suggest anyone should this out now, rather just invest only what you can afford to lose, don't go all in like they did except you believe bitcoin will go past $100k in the future.
If they have a backup for their life, it will be better, however, if it is not, that is very risky. Although yeah we know that the results and profits may be big enough, and they may have multiple times of their wealth. But once again, they are very brave and a very high-risk taker.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
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 !
That family must have an a backup or something to fall back to cause I can't imagine selling all my assets and investing everything in bitcoin, the risk was really high, but looking back now it was worth it cause they will probably have x3 or x4 of whatever amount of money they invested into bitcoin, but i don't suggest anyone should this out now, rather just invest only what you can afford to lose, don't go all in like they did except you believe bitcoin will go past $100k in the future.
sr. member
Activity: 1400
Merit: 283
Going all in on something and putting all your money on it is always a bad idea even if it s a good investment, if you are investing all of your money and gimbaling on the fact that the prices are going to go up in the short term than you might lose it all, but if you are going for long term investment which means that you are not investing all your life's worth than you will defiantly find yourself at a profit, the crypto market is unpredictable and you should always invest what you can afford to lose.
sr. member
Activity: 1596
Merit: 268
It is pure madness, nothing more.  Grin  You must be really crazy and unhappy with your life to invest all of your money into Bitcoin or any other cryptocurrencies. This market and Bitcoin also are highly volatile as you should have already known. We have no idea about what will happen and when it will happen. We just track the movements of Bitcoin and make guesses about it. You will be making an investment for a long time period I guess. You can make a lot of profit of course but there is no guarantee. Maybe Bitcoin will go down sharply and won't be able to recover for a very long time. And you will have enormous problems as you already invested all of your money.
hero member
Activity: 2828
Merit: 666
We don't need to contemplate over this question. The answer is really simple. It is just madness to make an investment with all of your savings. It is always recommended for the new investors that they shouldn't even think about doing such thing. Never make an investment which you cannot make up for later. You can lose a great deal of money and it could affect you psychologically deeply also.
Just invest responsibly. Make sure you are you investing the amount you can afford to lose. Crypto coins are very risky as an investment because there are no guarantees if you will be profitable or might only lose in the end so as much as possible, never put all your assets into crypto investment.

Investments have definitely risks along with them. It's a brave act to take the risk but if you are putting your whole assets in just a single investment, then it might ruin your whole life once the result is not on your side. So think a million times. Investments are good but definitely not worth to rely on it fully.
hero member
Activity: 2954
Merit: 725
Top Crypto Casino
Long-term investment in bitcoin provides great returns when you choose the right timing. Invest what you can afford, don't force it.
That's a proven tactic and investing technique that's easy to do. But people are still not learning from the experience of early bitcoin investors and only looks to the volatility of it.
While they're still in doubt of investing, those who have invested earlier were already making a huge return on it already.
hero member
Activity: 2674
Merit: 625
for now we tend not to dare to run all our assets in bitcoin considering the price of bitcoin is still not stable this will greatly affect the increase in bitcoin prices, because for me it is better to buy bitcoins with expensive ones because automatically the selling price will also increase , this is inversely proportional to what we buy at this time at a price that is too cheap
It doesnt really matter if you do buy it cheaper or expensive because it wouldnt really be that proportional into its actual value. It is really mattering on the demand of the entire community.
Bitcoin wouldnt really be stable because it would be always in the moving behavior because not only investors are on this market but also those retail or big traders out there
which means the movement of price would really be coming into different angles so it isnt really that ideal to presume that it would be no movement at all.
Invest on the amount you can afford to lose because nothing would really be guaranteed.
member
Activity: 756
Merit: 17
We don't need to contemplate over this question. The answer is really simple. It is just madness to make an investment with all of your savings. It is always recommended for the new investors that they shouldn't even think about doing such thing. Never make an investment which you cannot make up for later. You can lose a great deal of money and it could affect you psychologically deeply also.
legendary
Activity: 2268
Merit: 1074
Youtube Channel = Aak Zaki
maybe right now I don't think it's the right time to put all assets in bitcoin, of course it has the potential to be a risk that can cause us not to have the appropriate profit as we want, considering that the price is still cheap, of course the selling price will be very high. cheap, I prefer to invest or buy bitcoin at an expensive price and it can increase when we want to sell bitcoin on the stock market
why not the right time? Of course investing in bitcoin at this time is a very good time because bitcoin price increases are more significant and will reach new ATH. You have also said that currently the price of bitcoin is still cheap and this is an opportunity to enter. if you only trade on margin you don't care how expensive or cheap bitcoin is, you are just profiting from every trade.

Long-term investment in bitcoin provides great returns when you choose the right timing. Invest what you can afford, don't force it.
hero member
Activity: 1764
Merit: 694
[Nope]No hype delivers more than hope
Every decision has positive and negative consequences, including investing. Sources of advice or inspiration are not only limited to those who have succeeded, we need to learn from the experiences of those who fail to invest. From here we will have a strong reason and know which one you should do.

However, whatever the reasons people in the Op story are not justified. I don't see it as an investment but a desperate family trying their luck.
jr. member
Activity: 54
Merit: 14
Any cryptocurrency is risky and all investments should be within their own limits, should not be made excessive capital investment .

Although Bitcoin is the currency with the longest history of development and value among the cryptocurrencies, but its price fluctuates greatly and it is highly risky. No one can predict the future price trend of Bitcoin with precision, so should make careful analysis and investment .
full member
Activity: 821
Merit: 100
Volare.network
yeah, that's really crazy. only a fool invests his entire fortune into bitcoin. always thinking for the worst, is the best thing when we invest. I do believe bitcoin is a good investment, but using all my savings to buy is the wrong choice. So don't do this, you'll regret it later.
member
Activity: 116
Merit: 23
Any investment must invest appropriate funds within the scope of risk tolerance, and make a wise investment.
With the development of cryptocurrency under the digital trend, bitcoin has become a more popular investment. But using all the funds to invest in Bitcoin has a great risk and needs to bear greater losses. The correct investment strategy should be made to diversify investment, invest in different cryptocurrencies to obtain safe and profitable investment opportunities, and reduce risk losses.
legendary
Activity: 2030
Merit: 1189
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 !
What that family did is madness.

A smart investor never invests more than they can afford to lose, and by that logic anybody who puts out everything they've got for sale to get into a a market they've got no experience in is nothing but madness.

NO, I'll not do that - I only invest what I can afford, that way I can sleep at night!
member
Activity: 518
Merit: 11
HODL
Anyone should understand that bitcoin and crypto with risks.  Therefore, I will not and will not advise my friends to invest all their assets in bitcoin.  Although, bitcoin has the property of turning that risk into opportunity and big profit, but we should invest wisely by keeping or reducing one-time spending for backup or cumulative purchase.  , optimizing diversity, for example.  It ensures good balance.
jr. member
Activity: 434
Merit: 1
I am not mad to invest all my assets for buying Bitcoin. Though there may be chance to be rich, i can't be rich in few nights. I have to wait for long time so that bitcoin go to that level or have to invest in the down trend so whenever it picks the up trend, i can have the profit. Again, Bitcoin are not stable at all. So there is 50-50 chance to have the profit
full member
Activity: 1204
Merit: 110
It reminds me of Warren buffet famous quote that Invest as much as you can afford to lose.
If you can afford to lose all your assets then go ahead n invest everything.
In my opinion, I will prefer to invest some of my savings in btc when it's down n out. Not at current high price.
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