With all your assets, Investing in Bitcoin is really a madness or beneficial ? - page 9.

slaman29

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Quote from: Poker Player on August 18, 2021, 12:53:48 AM

If you have your house, don't sell it, if you have stocks or other assets, don't sell them, but from there, the more you invest in Bitcoin, the richer you will get.

I don't think there's a hard rule but stocks and other assets could be seen as an investment, and you always want to diversify to reduce exposure to risk. In this case then taking some assets and converting them to Bitcoin is actually safest, which is what big funds and even government funds are now doing.

Going all in is just... gambling.

airdata

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We know that bitcoin has profitable for investors and again it will profitable in upcoming time, but this is not good idea, that for Bitcoin investment, we invest our all fund, this is not good idea.

Mikayla Buckley

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Investing in Bitcoin with all your assets is absolutely crazy. This is no longer an investment, this is already a gambling.
Us ordinary people can't do this. Because we still have to live and have relatives. In case something happens. It may lose more.
This is just a successful example. There are many examples of failure. So we still have to make a stable investment. Responsible for our money and responsible for our family.

kidbounty

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HELENA

although bitcoin is indeed a good investment, but investing all your wealth into bitcoin is a crazy decision. always remember that there are times when we wait until our investment grows. and while waiting for it, we don't know what will happen. it could be that we need money or other things that require us to sell bitcoin while the price is still falling. this will be a loss. so never do this even if you believe that bitcoin is a good investment. leave a little for the unexpected.

marine4u

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Lol, you don't seem to be doing the planning and development of portfolios to improve diversity. You sell bitcoins like spontaneity with no specific direction.

When defining goals revolve around my long-term plans with bitcoin. I manage my portfolio quarterly to know the stats, how is the return, when necessary I will clear out the drawer to reinvest in the trend to improve returns.

crwth

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People are saying that it's beneficial, but during that time, they are considered madmen because of what they are doing. Since they believe that BTC would be the future, they didn't have to worry about anything, and it just paid off. I think it's no different to gamblers who risk everything they have in betting or even a single bet. It's just that it's crazy to do it, but if you have the dedication to it, it just paid off.

Nora Olin

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Although Bitcoin is skyrocketing, as a working class, I would rather miss it than take the risk. Regardless of the future trend of Bitcoin, if it is said that Bitcoin will appreciate a hundred times in the future. Can you guarantee that you can hold Bitcoin for a long time?Increase the investment principal by selling real estate. This is not a qualified investor and the investment must bear the loss. Investment is a long-term business. Because of these uncertainties, there are too many irrational behaviors in the investment market.

proTECH77

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Investing all your assets in bitcoin, i guess is a madness to humanity based on my experienced. I invested all my money in bitcoin some years ago, hoping in less than one year i will achieve something reasonable from the investment but that was the year bitcoin keep dumping in the market. It is better to invest half of your asset to bitcoin in case any negative results, you will not too feel bad.

dustboy

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Investment should be done wisely, so selling all assets to buy bitcoin is a madness. I do not understand how could this family did such crazy thing but I'm sure they did not sell all their assets. They must have much more money remaining on their pocket, otherwise it can be something really bad if they did not own some money after buying bitcoin.

Wexnident

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I don't take loans, ask for sig if I ever do.

Madness, that isn't investing anymore, that's just a YOLO movement imo. Yes, they won that YOLO, but really, they're one in a million. There are probably a lot more people out there who went in to Bitcoin and then lost everything real quick. Even investing 50% of your total assets is totally crazy imo. Invest a small part, spread your portfolio and wait for everything to go up. Increasing your portfolio size makes losing a bit more tolerable, imo and would open up a lot more opportunities instead. Bitcoin investment takes a LOT of time for it to grow, just look at OPs example of 2 years. It's a pretty long time imo.

JillianTaft

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For me, I cannot use all my net assets to bet on the unknown two years. The risks of crypto investment are well known. Although the profit is very attractive, once I lose my principal, what is the concept for the whole family? I'm not so brave, and I don't have the courage to take my family to gamble. Within the scope of my investment, I will only use my spare money to invest, not all of me.

leea-1334

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Quote from: Arslan0049 on August 18, 2021, 12:33:09 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 dump are we talking about now? Bitcoin is still above $40k,,, so if the family invested in 2019, then the maximum price they bought it for was less than 12000. So why are they panicking when they are almost 300% in the profit in this "dump"? And the rally is still very far from over right now

Tim-BTC

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This is like a gamble, not an investment.

Any investment depends on the risk you can bear to make a decision. All-in-one is not investment, it is gambling.

OrangeII

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from the story, I feel that the risk of selling all assets and then exchanging them for bitcoin is a big risk. However, the method they use is successful, and has escaped a great risk, and has earned a well-deserved profit. All I can say is, the risk you take will be worth it if it works. it has been tried by several people who have had success.
The positive thing about it is that they really believe that this technology will really develop. it's just, I still suggest that use assets that you are prepared to lose for it.

Poker Player

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What do you want us to tell you in a Bitcoin forum? You don't have to be a fortune teller to find out.

The level of exposure to risk is another matter. If you sell everything you own to invest in Bitcoin, you are risking a lot. If you do well, you're going to make a lot of money, but it's better to be diversified. If you have your house, don't sell it, if you have stocks or other assets, don't sell them, but from there, the more you invest in Bitcoin, the richer you will get.

Upgrade00

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In 2019, Bitcoin's peak price was $12k and during some periods of went as low as ~$7k, since the bull run started, Bitcoin has not dumped below $29k, so they are the very least have been ×2 on their investment.

Quote from: Arslan0049 on August 18, 2021, 12:33:09 AM

Should we invest just like them or should start with a less amount ?

Only invest amounts you can afford to lose at points in time, regardless of what you're investing in. Each asset has its fair share of risks and every investor should factor in the possibility of losing their investments.
Dollar Cost Average is one good way to get into Bitcoin using controlled amounts you can afford at scheduled periods.

Arslan0049

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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 !

Topic: With all your assets, Investing in Bitcoin is really a madness or beneficial ? - page 9. (Read 1031 times)