Bitcoin Forum

https://i.imgur.com/YxaAYxC.png

https://twitter.com/CryptoCharles__/status/1320029985189539842

I think this sums up what is the sentiments of investors past and present. Do you agree with this statement? I just it's up to you want crypto you want to dump your money though, but for majority of us, BTC is the one. Specially if you are millennial, this is the right time to invest and be financially responsible for your future.

Someone mind and believe would really be a subject to changed up specially when they do saw on whats the progress that it had been achieved all over the years.
Take a look into those companies which had doubts on accepting bitcoin in the first place but now they are reconsidering it and this talks is just really good only for
Bitcoin and im not considering that this will be applied to other altcoins out there.On the line given above then i would say that i cant blame them if they had those wrong
perceptions wayback and also anyone can changed up their minds and try to revert their decisions towards their engagement with crypto.

It has been a good time to invest, it might not be nowm

Lumping all your assets I to one place is still financially irresponsible. Unless you're wanting to gamble with a lot of your funds, it doesn't really make sense to me to put more than 50% into crypto. You'll still be making good gains and have a hedge just in case something problematic comes along.

We people got different opinions and ideas, especially with it already involved financially.
If you really value your wealth, your money, you will start to make some moves on how you will start hope about financial freedom.
If you notice, some teenagers these days don't have any care about money, most of them are just relying on their parents, can we consider it as a financial responsible or irresponsible, when they don't care about their finances in the future or become financial free that without relying on other people?

For me, being financially responsible is a choice, and one of the reasons why people are afraid to become free because they don't want to responsibilities.

But there's also a caveat, only invest what you can afford to lose, I still remember my father telling me to invest on stocks when I was just beginning my career, good that I have listen to his financial advises. But at that time, I only invested small amounts but in due time was able to understand the market and when the time comes, specially the dot com bubble, was able to get in and exit on time.

But for crypto, it might be different scenario as it is very volatile, you can still give millennials advise about it or even your kids, but you may interject that it is not something that will get you rich instantly in the next 4-5 years.

It's not a good idea to dump your wealth into crypto without learning and using more than 50% of your money. But if you want to invest in crypto now, maybe you are a bit late because almost every coin has just increases and you can confuse to select the coin except if you only want to invest in bitcoin. If you select bitcoin, you need to hold it for a while.

It's his opinion.

When I was younger and new to crypto, my thought is that it's a crazy idea to invest in this asset. But the soon you become a mature investor, your risk tolerance is changing.

As someone who's responsible enough financially knows what he's doing. Whether he throws money into an asset or cryptocurrencies.

One good coronal mass ejection and crypto will be put on significant hold for a matter of weeks if not years, although the sun is heading towards solar minimum at present.

It's never a smart idea to put all you eggs in a basket unless you are making the market move by yourself (whales). Having the ability to scoop up a deal when the situation presents itself is the key to winning.

Cryptocharles sure likes to talk and post a lot...

Maybe he just wanted to partake his opinion, and obviously have some narrative behind it


Right, it takes time to really understand crypto investment, and that's why many get REKT because they invested on something that they don't know, like the irrational buyers of 2017. Someone really needs some guidance for newly crypto investors, it might be the the goals are really shifting to bitcoin,  but it's not a one size fits all advise.

market seem bullish and after public company have bought around 4% of total bitcoin supply... something is changed
https://bitcointreasuries.org/
but goes "all in" buying crypto coins is not always the best solution for some reason.
you can't buy everything in real life and you need some FIAT or at least a bank account, without a cash flow from a salary (rent/dividend) it's very hard the normal day.  I have seen too much people without the proper knowledge about cryptocurrency get scammed very easily.

That is my overall goal to be financially stable. I need to have a lot of investments in different assets because that is the most optimal way to make sure that a constant and decent cashflow keeps me afloat.

I am always into diversification. I guess it is always more prudent not to risk everything in a single investment. Although the largest portion of my worth is in cryptocurrency, I also have other investments such as stocks and real estate.

But, really, it seems to me that Bitcoin has never been this bullish. Large international companies are now getting into Bitcoin. As a result Bitcoin has become more solid as an investment option as these companies which are hugely invested into it won't just allow Bitcoin to easily crumble down.

It is easily noticed that times have changed. What was once discriminated as a criminal or a geek's currency has now reached the portfolios of several international companies.

I am using different coins and different wallets so that i don't get bankrupted easily but the disadvantage on what i am doing right now is you cannot earn a lot if one coin got a good value in no time. You have to choose if you are going to take the risk and might earn a lot or not take the risk but won't earn so much. I don't think I am going to continue doing this because i am not satisfied on my earnings right now and i have to focus and take care on one coin and i managed to use bitcoin because we all know that bitcoin is one of the best coin we can trust and invest in.

Twitter account was created in 2014 so he must be one of the early bitcoin guys. This looks like one of the many irresponsible FOMO posts you see on social media. He didn't say invest all your funds in crypto to be fair but he didn't say anything about the risks either. There are people who are successful in stocks or in gold without touching crypto and they can be considered as responsible too.

But by just putting all of our investment in crypto is also an irresponsible thing and too risky, we have to diversify, this is important if investment in crypto doesn't work according to target but there are other assets that are going well and provide enough profit.

Bitcoin is not just one of the best; it is the best. As a matter of fact, it might be the only genuine cryptocurrency as far as others in the crypto space are concerned. 

Around 80% of my cryptocurrency worth is in Bitcoin. But I cannot make it 100% Bitcoin because I am also trying to grow it by way of playing with a few trusted altcoins. If you keep only Bitcoin, your fiat value may rise but your Bitcoin worth will remain the same, unless of course if you purchase more, which I'm not doing anymore, or earn Bitcoin.

Hmm I don't think so. This is just an opinion of an individual, that doesn't really sums up anything. I think it's still pretty financially irresponsible to put all your egg into one basket. Yeah sure cryptocurrency is a booming business right now but that doesn't really factor out the fact that cryptocurrency is the most volatile market and doesn't really guarantee profit even today.

This guy shares his opinion,not some wisdom or knowledge.
If the Bitcoin price crashes down to 5-6K USD,all the FUDsters and haters will say "I told you so" and buying/HODLing Bitcoin will be called "financially irresponsible" again.
The only form of financial responsibility is diversification and putting all your money into different assets.
Betting everything on cryptocurrencies only(it doesn't matter if it's Bitcoin only or a portfolio of 100 different crypto coins) is still a pretty risky move.

Till now I believe my brain, I wouldn't dare to invest all my money into the crypto. Of course, I am responsible for my financial status, but it doesn't mean I should put all eggs in one basket. I agree to invest 30% of my total crypto which already has invested. I wouldn't 100% depend on crypto investments. There is a real-life and should have some real-life business. I don't care who predict whatever, bitcoin always runs in its own way.

Although the bias in this forum is to have a higher allocation of the net worth in Bitcoin, I'd say that a financially responsible person is constantly learning about personal finance and especially how to diversify.
The future of the crypto space and especially Bitcoin is looking bright, I won't deny that. However there is still a great deal of risk associated with cryptocurrencies.

It is a matter of choosing what is the best for you and your investment. Circumstances are not the same to every individual.
Here's a situation:
Strategy 1 could be working with Investor 1, but could not be to Investor 2. Strategy 2 could work to both investor 1 and 2. Strategy 3 could work to no one among investor 1 and 2.

The essence is that, there are some people who made huge investments to cryptos which gave them huge profit. There are people who became rich due to stock market investment. Since it is you who knows your position in this industry, you will be the one to make a decision whether to diversify your investment, choose only one, or do not invest at all because there could be another way to success and your goal is to find it.

IMO, that's some biased opinion, although I am a believer of Bitcoin's future, but putting all your money in crypto is still financial irresponsible. If an individual is thinking about his future, he should stick to an investment that could get him a stable and less risky like putting up a physical business. Investing in crypto should still have a limit. Everyone invested in crypto are still uncertain when will they reap good and satisfactory profit.

Also people should understand that despite how volatile bitcoin is, investing on it also needs patients most time. It is not put money in today and get folds of it tomorrow. You need to wait for the bull, don't invest all you have in one project.

That's the main thing in cryptocurrencies. There is a misconception that profit will be earned in an instant by doing so.
No matter what investment, risk will always be present; risk of losing money. But ofcourse there is a chance of benefiting from doing so. It is like a gamble wherein winning is not that certain.
Diversifying the investment would somewhat lessen the risk because there will be options that will generate profit. But it is about efficiency of the "alternatives", if the options will not be effective then the loss will just be bigger.

I don't think there's a way of having a balanced opinion on this. Any longstanding Bitcoin fan is so far gone all objectivity is out the window. Someone from the opposite end of the spectrum is so uneducated their opinion is worthless.

With a rising price everyone's a hero. We'll see what they say when it's on its way back to nowheresville again.

Hell no. But not having at least 10-20 percent, or 50 if you are bullish/high risk person, is...

Well, it's painfully obvious about how much Bitcoin has grown, and how early adopters got the edge form late adopters, and said edge isn't a small one, it's quite a huge gap. Still, it should be taken more as an opinion instead of a fact, since the way the tweet delivered it made it seem more like a fact. Additionally, each and every investor has their own situation, so calling them irresponsible for taking advantage of crypto seems to be the more irresponsible one.

Besides, if we were investors back then, would we really invest in a risky highly volatile asset with everything we have? It's really a matter of just being not in the knows of what would actually happen in the future. Probably what makes investments interesting imo.

I can't entirely agree with that statement because I don't have to use all of my savings to invest in crypto, even if the crypto future is bright. But I don't judge people who invest all of their money or big amount of money in crypto because I think they have their own analysis or calculation.

I am not sure if the millennials are aware of the crypto because they are busy with their gadget. But I hope that young people want to change their future with crypto, and they want to try new things that they don't know before. In this era, young people's curiosity will be big since technology is available everywhere to read the news about crypto from anywhere.

Even right now is the best time to invest in crypto because we can not just buy the coin without research. We must search for a low price to buy any coins so that we don't have to panic if the price drops. Most people are buying the coin when the price starts increasing and will go all-in with their money.

For those of us who have been with Bitcoin for years, it is certainly not easy to be objective and most will say that it is wise to invest in BTC, probably more than 50% of everything you have. There is a risk with every investment, crypto is very risky - not only because of its volatility, but also because of the security aspect that many neglect. I think we should follow the rule of not going into something we don’t fully understand and then investing just the excess money without taking out loans.

Therefore, my thinking is that it would be wise to invest in Bitcoin for a longer period of time, but before that you should first invest in knowledge to make the investment safe. There is no point in investing in something like that and then falling victim to phishing, careless backups or physical assault - all of which can be prevented if we know how.

I still consider myself one of the panic buyers and sellers in 2017.

It taught a lot and the more experience you have with pumps and dumps, you get to understand what's your position in this market. Don't just throw everything in crypto if you don't understand it and that's how newbie losses a lot of money.

They throw almost everything on it without understanding how it works.

This just proves how people are starting to realize the importance of the existence of cryptocurrencies in the market for the fact that many are against on investing into it at first but when the current situation we are having rises that shows how stock market is being vulnerable to crash due to threats concerning global health that affects the economic status of many countries affecting the stock market, people recognizes how crypto market stand still although it was somehow affected at first and they have soon realize the worth of getting into crypto. Well, people's mind changes overtime as soon as they saw something to rely on. It is just a matter of time for people to be able to notice crypto and see its worth. But still being financially responsible means you must be wise on diversifying your assets and not just putting it all into one spot. Just make sure that what you choose are all that are best and worthy to find it profitable.

Yeah, I understand that. Diversifying was always one of the best option when you're invested in cryptocurrency, but putting all your financial asset in cryptocurrency sounds financially irresponsible too.
I can't imagine living your whole life being financially dependent on cryptocurrency, what If you're desperately in need financially while the market is suffering from a bearish run?
I dont know but this sounds exaggerated.
Maybe putting 60% of your net worth in crypto sounds more realistic.

If you look at the development of the cryptocurrency world, which is growing in popularity, even companies as large as Paypal have
finally accepted cryptocurrency. So it's not a bad decision to dump your wealth into Bitcoin right now, because I'm amazed to see
Bitcoin's extraordinary performance this year. Which is another asset struggling in the current pandemic, but not with Bitcoin. So don't
hesitate to invest in Bitcoin, because I am optimistic that investing in Bitcoin can bring big profits.

This tweet is a prime Shit Bitcoiners Say (https://twitter.com/saybitcoiners) material. "It's financially irresponsible to invest in a highly volatile and speculative investment, because it happened to be on the bullish side today". People like these are probably the ones who also say that Bitcoin is dead when it has a dip, because it failed their unrealistic expectations and they don't have patience.

It's a really bad idea to take financial advice from twitter, since its 280 character limit just doesn't allow for anything but the simplest "moon/doom" opinions.

If you care about your future, then you should really consider going for alternatives to safety your money because mortgages, pensions and savings might all vanish. If the financial system goes into recession that might trigger a massive financial crisis.
A hedge such as Cryptocurrency could be a good investment especially when the fiat currency cease to exist.

For me to be called responsible?Just Dump part of your money and never put majority of the funds in investment place where you are not assured of profiting high.

I have read some articles that a person sell His house and car and invest all in to Bitcoin couple years ago,i don't know if he Gain or lose for now or maybe He is still holding up to now ,But the point is He did not bother to think what if failure comes?surely he will stay on the street All His life.