Bitcoin Forum

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss  

waiting for all expert members suggestion?

Your text is almost intelligible, so I'll focus on the topic title;

Can I invest my 60% savings in Bitcoin?
Yes you can, you can pretty much do whatever you want with your money.
Should you however is a different question and I would consider it unwise to invest that amount into an asset.
That's was more than you can afford to lose.

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Is this your live savings or amounts you've been keeping aside for investments?

Yes, bitcoin can plummet back below $20000, but if you do not sell, bitcoin remain bitcoin and it will only be an unrealized loss. There is possibility of it getting back above $20000. If you think bitcoin price can increased much more and more above $20000, you can invest in it, the price is still low in my opinion. But invest the money you are not using for months to a year or 2 on bitcoin.

If the signals were true that these spikes will continue, we might not see below $20k again.
You know $20k is already low compared to $69k which was the AATH back in 2021. You don't wanna wait until you feel like you missed some profits that could have been made when you do it earlier.

As of now, I think traders are only looking at 4-hour charts to trade. Opportunity knocks many times in crypto so when it dips, buy.

If you want a "lowest possible" number to expect, I have been rolling with $10-$12k bottom IF there is another bottom further than $15k. I think it's possible this year. It would make the most sense to me. At the same time, we are already quite low. Though I think this rationale is what is getting retail involved again...and when retail get involved, dump it. This last drop will crush souls, then, pump it. Not financial advice though. This just makes sense to me.

When it comes to investment advice, it's always best that you DYOR. It's always not a best option on rhe side of the one giving the advice to point you in a direction. Eventually, your blames gets laid on the adviser and that's not a very good thing to do.

In respect of the above, I'll say, a 100% lose can only come into plat when bitcoin loses all its value $0.00. From history and how bitcoin has been carrying, that's not going to happen. It might drop or devalue but always soon goes back up and that down/up movement is vital towards a healthy market.

What defines your profit is how long your willing to hold on when it goes bearish. If you can afford not to panic sell or even sell with any small pump, your going to have your profit metre counting.

Yes, that's possible. Market is unpredictable, it can go wherever it wants depends on the supply and demand. If the supply is higher than demand, the price will go down, and if the demand is higher than supply, the price will go up. If we look btc chart, we can see that the price is in consolidation phase after a big pump means there's lack of demand so we expect for retracement that can be possible to go to that price before it will continue to go up.

If you're using spot trading, I suggest not sell if the price goes back to that area because you will only get loss if you sell below at your entry. If you're trading with leverage, I suggest to put stop loss with calculated risk 60% only.

OP you're welcome. From question you ask, I will say yes and also no. Yes in the sense that, this is the best time to invest on bitcoin though the market will still go down but saving is not good because it is stagnant. But if you invest in bitcoin for long term of 4 to 6 years of time, your will appreciate your investment. But you have to understand the market before investing don't just invest. Then no, in the sense that, there is risky in the market so if you are not a professional you will lost everything and blame people about it so instead go and learn more about the investment some times before investing with your 60%. Investment doesn't run anytime you are fully ready, you can invest. Calm down and learn more

You should only invest what you can afford to lose. If you can’t afford to lose a hundred percent of your investments without having a mental breakdown and thoughts of ending it all, then I would advise you not to invest in anything especially bitcoin for your own safety.
I should point out that you should not let expert members opinions sway you into making the right decisions that would be wrong for you at this point.

Yes.

Probability of 50% downside and 50% upside.

For how long are you willing to hold your coins? In my opinion every investments in btc should be made focused on long term returns (it can take years holding until you have profit). And if you can't bear total losses, just invest the amount of money you can afford to lose.

Well, it's indeed true that Bitcoin can crash in any given time and that's unpredictable. So, it's no use about asking here for some probabilities because no one can actually predict the future. But for your question, "can you invest your 60% of your savings in Bitcoin?", certainly yes as long it's a savings and it's a spare funds that you won't be using in terms of an unfortunate event that needs emergency funds.

Just one thing though, make sure you're looking for a long-term holding for that and know bitcoin first before investing on it so that you're not moving blind.

The probability is high and unpredictable and at that you should be aware that bitcoin can not crashed and that is a wrong usage of words, its probably because of your experience and understanding of bitcoin.
But what you should also know is that there is always a possibility, that bitcoin will rise above and never return back to 20k never but that is not certain also.
I don't think you will lose in Bitcoin unless you sell your bitcoin below the bought price, but to say a total 100% crashd is not possible.
100% loss can only happen with altcoin and not Bitcoin

It's fairly common to put 60% of your portfolio into bitcoin. Thus, in my opinion, it's a respectable percentage. You must make your own financial decisions; this is not financial advice. No one in this space is qualified to respond to your other inquiries. What do you mean by a 100% loss? I'm not sure. Because Bitcoin would crash but not go to zero, you couldn't lose 100% of your investment. If the price of bitcoin drops by 100%, you will have lost 50% of your investment. So 100% loss and dump are not equivalent.

Even if it goes below 20k for now, you will still make money if you just hold for another year. Unless you are investing for the short term like dor a few days or weeks, I don't see you making a lot. For longterm and buying at $23k is still fine. Yes, where else can the price go but up.

The rest of us probably invest more than 60% of thier savings in BTC. Mine so far is somewhat 50% since cash still is the best to hold when there is uncertainty. But the more you hold BTC, the more profit you could make when the price goes to another ATH.

yes it can


No one can say for sure. We know that in 2024 there will be halvening and in the past the bull markets started shortly after. Everything else is baseless speculation.


It's not going to be a 100% loss with Bitcoin, but in worst case it can be 80-90% loss. Can you afford to hold at a loss for years hoping for a bull market? Or will you at some point in the near future need those money? That's what you should be asking.

Lol you're likely to not get 100% loss on bitcoin unless you buy on leverage, or if you get hacked or scammed. Bitcoin can crash 50% or more, but a 100% loss? That's too unlikely that you might as well say it's impossible.

Do you actually think any of us can give you an accurate answer?

You are scared for your life to lose money in Bitcoin and you are asking Bitcoiners whether it is a good idea to invest in Bitcoin.  Sort of like asking an obsessive car collector whether it is a good idea to collect cars.

Where has common sense gone?

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Regards,
PrivacyG

Nothing is impossible, especially on short term.
Even on long term, we don't have crystal globes here. It's a Bitcoin forum here, so you'll find out that we trust Bitcoin and we think that its price will grow, still, Bitcoin is a rather risky investment and you should invest only money you afford to lose and only if you understand what you're doing (because bitcoin is also very easy to get stolen).


I think it's not too big, but I'm no expert and I was wrong before with my expectations.


100% loss by price going down is highly unlikely. However, as I said, you also need to learn to protect your coins properly against theft. And, as FTX story shown us, you will have to learn to be your own bank.


Whoever calls himself expert will be proven wrong by the history. We're just normal people and we may or may not be wrong. You should gather all the information you can get and take your own decisions.


And yet, most of the answers are not bad at all ;) (including yours!)

Stay in the market and do not be afraid of correction, it does not matter the small loss, maintain your presence in the market, and invest in what you can lose, 60% varies from person to person according to his needs. You can invest a smaller percentage if you do not believe in Bitcoin, but in my opinion, even if Bitcoin goes down below the $20K Level I will not sell, because I trust that the next small storm with a price correction and that the bull comes very quickly and I must be there, do not let the FUD affect you and make you lose hope, do your own analysis and wait for the good time to enter.

Honestly, no one knows what will be the next price movement of Bitcoin but if you already know the history of Bitcoin since before then investing your savings into Bitcoin is a good choice.
However, since Bitcoin is volatile there is also a chance that Bitcoin may drop again below $20k so if you don't want to lose that chance invest only 30% on the current price and then the remaining 30% invest it again when the price drop below $20k or depending on how much you want to invest.

And take note there are many newbies lost due to selling their coins early when they see price drop you must learn to control your feelings because Bitcoin is for long-term investment not for day trading.

Simple thing is to learn about the market and further make a decision whether to invest or not. As every form of investment, cryptocurrency is subject to risk and it is our responsibility to know about it and invest than going for it on someone's suggetion. Watching the market movements for few days itself gives a better picture about the market. Further going for an investment seems to be fair, whether it is 60% or 100% is upto the users choice.

It may happen and it may not, the chart is still running on a line with no signs showing a significant jump or drop down, but if you intend to invest and anticipate that you are not ready to accept a 100% loss or cannot bear a total loss, you can use most of the money that you may not use for a period of several months or even years, because some of this money is suitable for you to invest with long-term investment notes to get maximum profits.

But basically, 100% loss / total loss is impossible, except in Altcoins not in Bitcoin, which often happens to people who invest but don't make a profit, maybe they sell it at a slanted / lower price when buying. Regardless of the advice of members here and us included, this returns to you, if you wish to place 60% of your total investment wealth in Bitcoin, the answer is yes you can, this is your savings and you can use it as you wish..

You are free to do so but never disregard the tendency of loss if ever the market will collapse by any reason. That is the idea behind any investment. Cliché as it sounds but only invest an amount you can afford losing. This industry has lots of potential and is really profitable but its nature of market volatility is just something to not be disregarded. There are times wherein its price would be on upward motion but also times for downward trend. This industry still has issues regarding acceptance across the globe so maybe you know already what I am trying to point out. It is a good idea to only invest a portion of your savings but know your limits and capabilities as an investor as well.

I would do it, and without any remorse, of all the things that exist for investment, one of the safest that I see exists and that there is a great opportunity is in bitcoin, what's more I haven't found anyone who can lend me a lot of money, because I would put it all in bitcoin, and I would be in charge of paying its interest each month without touching capital, because when bitcoin rises I would pay my interest for the month and full capital, that is what I call a high-risk investment, but if I had savings, I wouldn't I would leave 60%, I would leave 80% in pure bitcoin.

If you buy Bitcoin gradually, your average cost will be appropriate. I think Bitcoin is an asset that can be bought at almost any price. If you want to protect your money against inflation and are a long-term investor, Bitcoin is the perfect opportunity for you. You can get an idea of what it might do in the future by looking at its past price movements. I wish you good luck.

Invest as much as you want to hold long term. Bitcoin is the best long term investment vehicle in the world.

We're still in the bottom of the bear market, so prices won't go down that much, but no way to know if price will go up or down in the near future, but it doesn't matter if you are investing long term.

Just buy your bitcoin and then move it all to your own bitcoin addresses securely and safely. Only way to lose 100% is if you allow someone else to control your Bitcoin (like an exchange) and you are unlucky enough that the exchange gets hacked, or you don't keep your keys safe and somehow lose them.

Nothing wrong with 60% of your money going into Bitcoin. Until a couple years ago I had about 95% of my money in Bitcoin, and still have 2/3rds of it in Bitcoin. It's the simplest, safest, and best place to store your long term money.

Anything you are investing in the cryptocurrency market you need to understand that the market is always very volatile which is the frequent changes in price. Tye market is trying to be bullish and this is a good time to hold Bitcoin and keep fro the main time until you think if selling it to the market back. This is a risky adventure and you should be ready for any outcome.

We cannot precisely predict the movement of the Bitcoin Market.  The trend might go up or down depending on the sentiment of the market, so yes, it is possible for Bitcoin to crash again below $20k.  No one can measure the probability since the market is unpredicted.  If ever someone state a percentage, that is all a wild guess.


Just hodl and aim for the long term.  If you can't afford a 100% loss of your savings then put in the money that you can afford to lose.  It is as easy as that.

I think it's possible for Bitcoin to crash again at 20K or maybe below.
I don't think anyone can accurately predict the rise or fall of Bitcoin.

I think you will have a 100% loss if your Bitcoin assets are lost due to being stolen or hacked.

Whatever amount you want to invest from your savings, it's all up to you.
Because the investment is entirely your own responsibility.
The advice given by other people may not work for you, do your own research.
Don't rush into investing if you don't fully understand how to invest properly and what the risks are.
Take your time to read and understand how to invest and minimize risks from this forum or from several other article sources.

University in Bitcoin have to be wise and you don't have to use your life and money to invest in Bitcoin for a long time what will I have to use to invest for bitcoin is here extra money which you keep for any other thing that is not really important to you because investing all what you have in Bitcoin it can make you to go into them because you are not assured of your investment coming out to be profit

If you do not use leverage then the only way for you to sustain a 100% loss on your investment would be for bitcoin to reach zero, and this is almost impossible, as a network which allows you to move money all over the world independently from the banking system will always hold some value.

And when it comes to going below 20k or not, no one really knows, we are still close to it so at this moment the possibility of this happening seems moderate to me, but this could change depending on the news and the economic recovery we experiment over the next months.

Seems you already answering your question here, then the answer for me is also a YES. If you can afford some loss, then only invest what you can afford.
Since we are talking savings here, always don't go all in, I agree that you allocated 60% which is good, so other percentage, you can use it as emergency funds especially if you have a family, it's a big help.

Investing 60% of your savings in bitcoins all at once seems a bit much for my risk appetite. First of all, where is your money invested in right now or are you just parking the money in a savings account at the bank. In case you already hold risky assets like stocks and would switch out of them I would split up your money. There is no guarantee at the moment that bitcoin isn't going to drop below 20k USD again. How about you start with 20% of your money and see how it goes? Better to split out your purchases over a few months.

Right now bitcoin has managed to strengthen at a price of $22K after previously continuing to be under price pressure between $19- $20K, but for exact price conditions we cannot predict for sure what will happen to bitcoin next, whether it will fall below $20K or bitcoin will again set a record for the highest price, I personally don't dare to suggest you but if I were you then I would share 50/50 of my savings, because I think bitcoin is also a form of saving for my long-term investment, while I have another 50% of my savings I will make it as an emergency fund when needed.

If you not want to suffer 100% loss, then Bitcoin is the best choice since I believe how hard the situation is, Bitcoin price will never hit $0, but $1 could be possible... after all it's 99% loss not 100% loss isn't?

You can invest all the money you have, but don't blame me if you can't buy foods for you daily life because you don't have any money or your country don't accept Bitcoin as a currency.

Always invest what you can afford to lose because we don't know what will happen to the price; we can't 100% predict the market. That is why others won't go all in because they don't want to lose all of their money. You should first ask yourself before asking for predictions if that 60% savings is okay for you to lose. I mean, even if you do everything but still use it, is it okay for you? like you don't struggle in life? If yes, then that is the time you'll decide, as for sure people will say here that it has a low possibility that the bitcoin drops to 0. If I were you, I would invest it in bitcoin and hold it for a few years.

Invest in Bitcoin its your own choice. Because its crypto and anything heppend in crypto.
My suggestion! if you have extra money then you invest in crypto. i think this time BTC stand is a cool point if BTC stable some more time in this price then its definatly pump. Otherwise any thing heppend in crypto. Before invest get some knowledge about it.

I would start off with less % amount, but with recurring purchases.

This way you have better control and overview, especially if your term is long-term, but in that case, you shouldn't be bothered about the marketing moving around.

In my honest opinion, until you sell, I don't suppose there's is a loss but just a delay in making sales and taking a profit  :) but that said, you should invest monies you don't have use for in the interest future so you can withstand the long bear market if it happens again. Nobody can tell you the exact level it will fall or could go but if your intention is for a longer time then you are prepared to ride the wave.

You should never invest 60% of your disposable income into high risk investments. Bitcoin is still regarded as a highly speculative market, with a lot of volatility. A balanced portfolio are crucial in these difficult financial times, so you should seek alternative safer investments with lower risk. 

I like to use a more conservative investment strategy, with 50% of my investments in low risk investments and 30% in medium risk investments and then only 20% in high risk investments. (The Bitcoin price are quite low now... so I might increase the high risk into something like 30%....and reduce the medium risk to 20%)  ;)

Actually you can do it if you are sure about what you are doing and already have knowledge on cryptocurrency especially on how to trade bitcoin since this could make you earn more money. But if you are a total newbie which maybe it is then try to learn first how to trade because if you invest immediately without expanding your knowledge then provably you will be scared easily when you see a red line currently running in the market. Remember that 60% is a huge loss for your savings so think about it for many times if your knowledge is enough and if you are confidence already on your trading skills.

If you are confident about 60% of the savings you have allocated for bitcoin investment, of course it will be a good choice. Bitcoin will provide greater returns, but you should pay attention to the current bitcoin market.

If you want to enter, wait for the price to crash and that's a pretty good opportunity, rather than buying because of FOMO, of course, the price will be too high.
The main benchmark is the last ATH at $ 60k and above and maybe bitcoin can reach a new ATH at $ 100k.

You also have to pay attention to the risks that will occur, and remember that the crypto market is very volatile, and prices can change significantly quickly.
If you want to invest for the long term, then set your main target.

There will be no consumer protection. Since cryptocurrencies are not backed by governments or central banks, there is a risk that your investment will go unprotected if something goes wrong.

Everything could happen in crypto you should be well aware of it, and if you want to invest so much in crypto you should do some research first.
And if you have done it you should know that no matter how high the price is, it could always go back down.
Even newbies know how to lessen their loss so how could you have a 100% loss?

I am not an expert but it is always the same when it comes to investment "DYOR" and invest only what you could afford to lose.

It sounds like you are emotionally not ready to invest in anything. If you do not feel safe and reassured then you do not understand the potential of Bitcoin. I think if you invest right now, you will spook easily at the next dip and sell everything. And you will lose money because you panicked and sold on a whim, once Bitcoin goes back up.

Try to find out more about Bitcoin, and once you are feeling reassured that you will not panic-sell, go ahead and buy Bitcoin.

But as I said, your current state is too emotional. Not a good state of mind to be in when investing in anything.

Every investment has a risk, and when you start to understand the level of risk that can arise in an investment, I think you will also feel brave enough to invest in assets that you like and trust. For example, like in Bitcoin, so you won't feel worried when you already know what the potential level is in Bitcoin and you won't be so afraid of the risks that can arise through your investment.

It may or maybe not, due to its volatility...


no one knows or can say that, because the market is difficult to predict what will happen if it will go up or down.


   You must be prepared for what can happen whether it's negative or positive, that's why what's needed here in cryptocurrency is if you're new to it, just invest the money you have in excess and you're ready to lose it.
waiting for all expert members suggestion?

Maybe yes, maybe no.
I mean my prediction for Bitcoin this year is that, it will go sideways at the price range of $17,000-$25,000 and the month of January is over already and the price of Bitcoin is around my price range prediction. It looks like many aren't like Bitcoin to go to $25,000 because the $24,000 acted as a resistance. How much is the probability for it to go down. 50%. After all, Bitcoin only has two options. Either to go up or to go down.

You can only experience 100% loss when you invest into a shitcoin, a meme coin, a dead coin, or a scam coin.
With Bitcoin, you can experience losses, but I don't think that you can get 100% loss there unless you will make bad decisions like selling at a wrong time maybe causing you to suffer losses. You buy Bitcoin and hold it. You will not get 100% loss.

I'm not an expert, but I can share what I know.

I have more then 60% of my savings in btc but I would not recommend it. You have to be in the right time of your life and have the mind set to ride the ups and downs that come with being invested in btc. I have experienced some very low points when the price continued to drop a couple of months ago. Fortunately I have the support of the people around me who believe in me which has allowed me to believe in my investment. If you do not have that support and do not have the belief that btc will continue to rise because adoption will continue to rise then I would say no you would be making a mistake and it could end in disaster. I took many months to make my decision and many conversations with my wife about it. She gave me her full support and without it I would have never made the plunge. The WO guys have been a great help to because most of them believe in btc and give their reasons why they do. JJG is one of the most underrated members of this forum who has helped many people like me to stick to their guns and indirectly made a lot of people money from his wisdom.

You can invest as much as 60% of your savings in bitcoins, but it is not recommended, especially if you have large monthly expenses. And you should consider unexpected expenses you can experience at any time. Maybe you can invest in bitcoin by 20% -30% of your savings and use the other money for other purposes. But it's up to you because it is your final decision and we can only suggest it. We don't want you to experience difficulties in investing in bitcoin, so we don't recommend using 60% of your savings to invest in bitcoin.

if you invest in bitcoin, of course you have to know about the risks that will be faced.
if you think negatively, you invest in bitcoin indirectly you also have to be prepared to lose the money you invest.but that's very unlikely,I write like this so that you think more about the amount of savings or money you have to save invest.
you invest in bitcoin must be really cold money, and will not be used for a long time.

you invest in bitcoin with a savings of 60%?
it doesn't matter, as long as the money won't be used for a very long time.

Not matter with how many percent your cryptocurrency saving in Bitcoin based on your confidence, I have 50% my assets investment in Bitcoin and left than 50% I spent for three altcoin kinds from Ethereum, Binance coin until XRP coin. I don't think bad with your investment 60% hold in Bitcoin because you can earn huge profit later when Bitcoin going back to the higher price.

But still worth if huge fund investing in altcoin than Bitcoin because altcoin have drastically going up price but depending with potential or top ten coin market cap position standing. But don't forget if you try investing in Bitcoin for 60% from your saving better waiting when Bitcoin back to the lower price.

There is no single right answer to this question, as it depends on your own situation and goals when it comes to investing. However, if you are considering investing 50% of your savings in Bitcoin, here are a few things to consider before making the decision.

First off, Bitcoin is a digital currency, with fluctuating values that are not backed by any central government or organizations. It may be attractive for its potential for capital gains in the long-term, however investors should exercise caution when dealing with cryptocurrency - particularly if they plan to invest a large portion of their savings into it. Bitcoin can be volatile at times due to its unregulated nature and there have been significant losses reported over the years from people investing heavily in the currency without fully understanding all of the risk factors involved.

It’s important to use financial savvy and do proper research before committing your hard-earned money into such an investment option like bitcoin. One way many people assess whether bitcoin is worth investing in or not is by researching long-term trends of past price performance against other investments such as stocks or gold metals The upward trend suggests that some believe the currency will increase in value over time; however this isn't necessarily guaranteed so again extreme caution should be taken when weighing up what percentage of your assets should be used on Bitcoin investments.

Ultimately whether or not you decide to invest 50% of your savings into bitcoin will depend largely upon how much risk aversion you have - meaning how comfortable you feel taking risks with highly speculative/unstable assets where gains come purely from future market value appreciation rather than dividend income derived from an underlying asset class exchange listed securities etc. There can also often be extended downtimes caused by market forces like security threats which could lead uninsured customers suffering major losses if they haven't adequately protected themselves beforehand via insurance contracts hedging strategies etc.. Ultimately it's best practice for individuals looking into crypto investments like bitcoins (or anything similar) understand all their risks associated before committing large portions their hard earned money towards them....so take care!

Yes and No.


No one knows, market is very volatile.


There is no expert here, majority here just make predictions just like you and me. It could be educated guess and so it's not 100% guarantee if we advise you to put your savings to bitcoin. Still up to you how you can take your losses.

It's possible for bitcoin to drop below $20k because this is a very real drop in bitcoin to a level of $20k very close to its current price if bitcoin corrects again then there's a chance it will happen then what is your comparison? When bitcoin is below the $20k level will you make an entry?


If you don't want to bear a loss of up to 100% then don't choose an altcoin to invest because this will be disposal later and choose bitcoin then you won't bear all the losses unless you don't sell it, bitcoin will be more meaningful than altcoins so it's clearer for a long time holding bitcoin then it will be much better I think you will get decent profit in long term.

Then invest 60% of your savings, of course you can as long as you have to be prepared for this scenario and never use it for the short term.

I think if you have "savings" then that should be money you are willing to lose anyway, and I do not mean willing to lose as taking a risk, but more like that is not the money you live with.

I won't put all my salary into bitcoin for example, why would I do that, I would lose all my money and that would be terrible and how would I survive, but I would definitely put % some of my salary in it, because that would be my savings and not the money I live with. That is how people should approach it, something to invest accordingly and that would be a lot better. I think it's quite important to focus on these things so that you could make a profit from them accordingly.

A capital YES, it is impossible to predict bitcoin price accurately, but we can assume the price  based on the cyclic movement of bitcoin. The price is on consolidation and anything can happen at this moment.

If you want to enjoy your bitcoin profit,you should think of a long term investment, so that you don't worry about any lost because you will surely make a good profit if you can hodi for a long period when bitcoin get to its halving and after that it will hit its ATH. Patient is what investment is all about

Absolutely, yes you can, obviously almost everyone agrees that the 15k was the bottom for Bitcoin, so it is very unlikely that it will go back to that point at the moment.

The market is currently looking bullish and there are still opportunities to enter and invest for the long term before achieving the expected ATH by everyone.

But of course, I advise you to follow the DCA strategy, which means not to buy directly from the current point, but to buy from several areas to get a good average price.

When we do speak about going down - NO ONE REALLY KNOWS
If we do speak about on when it would be going up - NO ONE REALLY KNOWS!
Experts? - WE ARE ALL SPECULATORS  ON HERE

On this market which is truly that unpredictable and putting up 60% of your savings is really up to you.We do have different risk management which
causes for out to make up some choices whether we do push through or not.

To answer about your savings, from my perspective, I can say that conveniently with a YES. It's not my money but I've done that alone and that's why I can answer like that.

However, you and I might be in a different situation where I can adjust to my finances and currently able to have that savings but eventually will have to take a big portion from my savings to attend the other needs that I may have financially.

To break it down, you'll still be having that direction in the thought of "Only invest what you can afford to lose."

I would have withheld my opinion and suggestion since you're asking them from expert members, but since even these so-called experts cannot really give guarantees and accurate predictions, I might as well give mine.

Bitcoin could crash to $20,000 and below anytime. That's always an open possibility. Take that into consideration. The price is just $3,000 above $20,000. But whatever loss you will get in case that happens is just paper loss. Just hodl strong. Never sell with a big loss. The price will always recover at some point.

Selling with a big loss is only an extreme action in the face of extreme emergency or certainty of a bigger fall for a buyback later on. Since the latter is next to impossible to determine, you are left with the former. And to somehow minimize it, just invest what you can afford to lose. Is that 60% of your savings an amount you can afford to lose?

What you have to do before committing to invest your savings of 60% is learn to understand bitcoin first especially the bitcoin trail, And if you plan it for the long term I think it will be fine, bitcoin will always be profitable for the long term as long as you have enough patience strong enough and still holding it when it goes down and better yet you use it to stack it.
the price of bitcoin is indeed not easy to predict and can fall and rise suddenly due to several factors that we have never known before, investing in bitcoin must have faith and patience instilled in oneself to remain calm and believe that in the end the price of bitcoin will rise high.

Yes, it will really help you to grow faster in your investment because many potential traders has tried it before and is working for them which will definitely work for you too when the price of Bitcoin hit higher in the market. I don't think, the price of Bitcoin will decrease to $20,000 this year, and the best opportunity is now, because the price of Bitcoin is still $23,250 which will allow you to invest a huge amount of money on Bitcoin and hold for like 2 to 3 years. I believe, if you apply long term system in your trading, it will help you not to experience losses in your investment.

On this bitcoin forum I am not surprised by the enthusiastic responses that say yes, but there are many nuances. It is not the same if your saving is 1,000 USD and you are struggling to make ends meet as it is if your saving is several million dollars.

In the long term, bitcoin is a safe bet but in the short term it always has a lot of volatility, so it is better to put money in bitcoin that you are not going to need for at least 4 years, which is how long a cycle lasts, I would say.

At the current bitcoin price of 23,000$, you may invest 60% of your savings in bitcoin and hopefully you will gain good profit if you can be able to hold it until 2025.

There are few things to note, that bitcoin won't go to zero and hence you will never face 100% loss. Even if bitcoin price dump in the short term, it won't be a loss for you if you do not sell and just hold it. Your portfolio may show you are in loss but important thing is not to sell your bitcoins. You will only be in a true loss if you sell your coins cheaply.

It's a good idea if we can save about 60% of salary to invest bitcoin, I'm sure the trend of bitcoin will continue to improve so that one day it will be very valuable, the number of global users continues to increase so that the demand for bitcoin also increases, many countries have banned bitcoin but can't stop it bitcoin performance, it's time for us to dare to invest in bitcoin and 60% is an appropriate value.

I totally agree with you and have said so many times too. Invest only those savings that are not suddenly needed, such as for medical treatment or to buy a flat, a house or a car. Because if you invest the money you might need, you will 100% lose a lot. Well, if you have a lot of savings and are willing to wait a year or five, it makes sense to buy bitcoin. And one more thing - the main thing is not to forget to sell it when the price goes up.

I will agree if that said amount is still okay for you to lose them all. But if not, we better change that decision and give what is really the amount that we can afford to lose. I would tell you that investing in Bitcoin is not all about "the amount we purchase or capital, but it also matters if we can sell them at a good price".
Because what I did is that I only invest the extra money I have. I don't force myself to provide and risk 60% of my salary for a risky investment. We also know our limitations and priorities.

The market is looking positive so it probably is a good time to invest in btc but putting in 60% of your savings and not being prepared for it will end in disaster. When I did it I vowed I would not touch it again for at least 4/5 years. I have kept that promise but it has been difficult sometimes especially the last year where btc has crashed a big amount since I invested.

It all depends on the pattern of their respective arrangements in managing finances and for 60% of salary is actually no longer appropriate, but it is quite large in my opinion. Because I only use half of my salary for investment matters and the other half is for my life. Regarding Bitcoin which has become increasingly popular and has experienced an increase in users, this naturally happens because Bitcoin has been seen as a very good currency and also benefits many parties.

It is fun if we can savings 60% of the salary for investment bitcoin, I have never been an investment of 60% and the highest record that I have used is only about 28% of the salary because at that time I got a bonus from the company, the potential of Bitcoin in the future will be increasingly increasingly improved because the number of users who continued to increase, and the best thing was to buy when the price is cheap like now.

Seriously guys? I noticed that a lot of you gladly responded yes when I think 60% is already too much but even if it's lower than that, I will still think twice because we are talking about savings money here and not just a spare money. Savings money is being saved so that it will be use in the latter stages or in case there is an emergency.

A crash in the Bitcoin price is not an emergency for us to buy more Bitcoin. We can even do a DCA at any moment and not only when there is a bear market as long as we already have a budget. There is no need to rush here because rushing can lead to poor decisions and possible regret later on.

Yes, it is true that the savings money is used in case of emergency, but why not have the savings money in Bitcoin instead of fiat?

Everyone here agrees that saving bitcoin is better than saving fiat money, because fiat money loses value over time while bitcoin, on the contrary, increases in value over time.

So personally I think it is better to have Bitcoin saving money instead of cash money. This is the idea that most of the members here on the forum encourage.

While some people have made substantial profits through investing in cryptocurrencies, it's important to remember that the market can be highly volatile, and investments can decrease in value just as quickly as they increase. For this reason, it's generally not recommended to invest a large portion of your capital in cryptocurrencies, such as 20%. Such a large investment can not only result in significant financial loss, but it can also have a negative impact on your mental stability.

Instead, it's recommended to start small, investing just 2% to 3% of your capital, and gradually increasing your investment as you gain more experience and understanding of the market.

There is nothing like 100% lost in bitcoin because bitcoin has never dropped to zero and at that, you may lose a fraction when you do dollar cost average but then if you hold your Bitcoin you lose nothing.
-dont have a misunderstanding in the word (crashed) because I can see that you misconcept it and aligning it to Bitcoin is a little out of context.
-investing 60% of your saving is not a bad idea but then you should try to get an entry price so that you will not be under pressure when the price goes against your predictions.

People have high hopes when it comes to btc investments.
And yes, i do agree with you as nothing like 100% lost in this top alt, unless it will go to zero value, but it is not.
Her investment into btc is quite a big percentage of her savings. She can invest in btc at staggered periods, with different price levels.
The preference about the percentage depends on the capability of the user, how she can tolerate possible losses on the based of her entry.
She can invest at any time, so long she believes on this market, and not agitated to cash out whenever there is a sudden drop from the price.

Its always better to brace up yourself with volatility thing on the time that you do step your foot into this type of investment or thing on which you would be able to face up that changes on price on rapid way on which you would really be that someone who might really be ending up on being impulsive just because you cant be able to bare up on seeing your investment or savings dipping down or in negative.This is one of the main issue on which you might really be that eager or dedicated on saving up some coins but once your emotion do kicks in then it would really be giving out that feeling on selling it all in loss which is really that something you should really be avoiding since this would be the main issue into those who arent that dedicated that much or wont be sticking out into their goals.

Volatility is what we should be prepared for before venturing into cryptocurrency investment because there is no way we can exist in the market without volatility it's a key feature of the market and that is why bitcoin is a speculative asset.
-most newbies are not aware of the the fact that cryptocurrency market is highly volatile and it requires a lot of patience and time to mark a mark in its investment.
-Bitcoin shouldn't be taken as a short-term investment and possibly give it 7 to 10 months of maturity timeframe before checking the profits margins.

To change the future for the better sometimes we have to do crazy things, if we don't want to take risks and think in the comfort zone then there will be no change in life, many successful people dare to take risks for example investing or business, and when they are successful then we should never hesitate or be afraid to follow their way.

how long you can handle the buying ? I mean are you long term Holder? if yes then there is no need to answer this as bitcoin had already prove its worth over the years , you can even just buy now and forget about the price for couple of years?
dont wait for 20k price mate, buy now or you will regret later.

since it is your "SAVNGS" right? then I see no problem trusting this to Bitcoin , like us(I guess majority of us) investing in Bitcoin most of our money and trusting our future and family from crypto.
at least to take another 5 to 10 years? who cares as long as it continues to increase its price over years.
that is completely stupid, admitting it as crazy things or decisions ? this needs trust mate and that is what we called Entrusting our funds inside .

   -  Since we are talking about savings that you have now op, just remember that the value of Bitcoin can rise a lot or fall a lot, so, here you already know the risk that can be faced with the 60% savings that you will allocate in bitcoin.

Now, if the price of bitcoin suddenly kicks up in the market in the future, it will always be a big deal for you and your family as well. So the decision is still not ours, it's just our opinion, and since most of the people here in the forum are bitcoin fanatics 100% from what I see, you will be encouraged to invest 60% of your savings, if that is so, good luck ...

Well I think to invest 60% of your savings is a lot to invest in any type of investment. Bitcoin is not any different in this way.
There is a possibility we can see Bitcoin go do to 20k or less. I do not know if it will happen but there are others who think it will happen at some time again. It is not possible to predict this it is only speculation.
For Bitcoin there is a big probability you can lose your investment fast but you can also make your investment return back fast.  

Maybe yes, maybe not. Nobody can tell. It's like with the weather forecast, everything seems to be going to the fact that the day will be sunny, but suddenly it can rain. You always have to be ready to fall.

In such cases, I say 50 to 50. Either it will fall or it will not fall.
Even if the probability is only 1%, then you can fall into these 1% and lose.

Well, then risk some, not 100% of your savings. In principle, this is a reasonable decision to allocate 60% for the purchase of btc.

Everyone pretends to be an expert when it comes to giving advice to others, because the experts themselves don't risk anything. But you risk your money, so be wary of the advice that they give you.

Your argument about being mentally and emotionally ready for the volatility of bitcoin investing is spot on, and I agree with you. When you've invested a lot of time, energy, and money into establishing a portfolio, seeing its value rise and fall so quickly may be quite disheartening. However, it must be kept in mind that ups and downs are an inevitable feature of the bitcoin market.

You can lessen the emotional toll of volatility by formulating a plan and sticking to it through good times and bad. If you are confident in a cryptocurrency's long-term viability, for instance, resisting the urge to sell when its value drops may prove to be a prudent move. One should not put all of their financial eggs in one basket, so to speak, and hence a diversified portfolio is essential.

No one can tell if bitcoin will drop or rise in the future and investing on someone's advice is really a bad idea. I can only tell you that bitcoin is very volatile, investing in bitcoin can make profit as well as loss, and no investment guarantees 100% win. So you need to determine that you should only invest with the money you can lose and make sure that if the investment fails, it will not affect your life. If you can't accept losses, it's best not to invest. Many people become rich by investing in bitcoin, but also many lose everything because of bitcoin.

Most of us here are pro bitcoiners so you can't expect much apart from going with 60% or even higher is good because it has potential to give high returns in long run. However I advice you to decide diversifying into other investments as well which combined both short and long term to eliminate the risk and in case of one fails others can make up for the loss.

About the topic, no one knows when it will fall below 20K and believe me there is no such thing called prediction gurus or experts so go on with your own analyse and if I was you I will not be waiting since you are here for long term so 3K won't make such huge difference unless we are talking about few thousand bitcoins.

Dude I can understand your insecurity. But asking forum members won’t help you that. Yes our suggestions might help you to make more prominent decision, but we don’t control the price. It’s always better to use your own instincts and research when investing money. I would suggest you that investing in Bitcoins will be a option. The reason is very much simple. Bitcoins are limited in number, that is no more Bitcoins can be created. So as the time passes, more people will demand more Bitcoins, and hence in order to maintain the demand, the price will increase. So yes according to me investing in Bitcoins will be the ideal decision. Rest is upto you.

I agree, it is way too much, and in a sense that it could be risky as well. However, the problem here is that there is nothing that people could trust which is better, I think it is obvious that people are investing 60% and even 100% (like me) of their savings into crypto because they realized long time ago that it is not really a good thing to invest into gold or stocks, because they were not good at all and they looked like there was a problem with it.

I believe that we shouldn't be really focusing on anything outside of bitcoin right now, and it doesn't feel like there was something we could do about it, hence we decided crypto was a better way to protect our funds from fiat.

If it's savings for near future expenses or money that can't be lost, I don't think we should use even a little bit to invest in bitcoin. What if bitcoin doesn't rise as expected, or the bear season lasts longer than usual? We will have difficulties in life. Invest more or less depending on each person's ability, but it is best not to use the money you cannot lose to invest. Bitcoin is the most profitable investment, not the safest one, the higher the return, the higher the risk.

If you're worried about price dropping more than -10%, than it's probably not wise investing 60% of your life savings long-term! At current prices I think a 50/50 split in fiat and Bitcoin isn't a bad idea, but you'll need to be able to stomach the volatility in case prices crash to $10K. That said if you're not willing to invest around $22K, then it's unlikely you'll be willing to around $20K either.

30-40% would really be the ideal spot no which i cant really risk out that much in against with my fiat even though i do know on what are the potentials on which i cant just take up some risk since we do like it or not we do still need up fiat since crypto or bitcoin isnt accepted anywhere so its just a normal approach i would say.

If you could bare up 60% on risking out then its your choice and as long you are aware of the potential risk then go ahead but if you cant bare up the volatility then its your choice to make.
It would really be just depending on how someone could be able to sustain themselves on this unpredictable market.

60% is a good percentage to consider on a bitcoin investment instead of an altcoin. I tend to recommend bitcoin as the best investment over altcoin, but that's for the long term. You can do it, but you have to be able to weigh the risks and for whatever it is - do it for an amount you can afford to lose.

We are basically no experts, but experience can teach us why bitcoin is the best investment option in crypto until now. If I were you, 80% of my funds would be in bitcoin and the other 20% in altcoin. However, have a reserve of your funds so that you don't have problems when you need funds urgently.

With that type of question, I think you're not yet ready. Just DCA so that you can manage how much exactly you'll be able to invest within a day or two.
It's like what you will decide to invest now or sooner based on the emotion that you're having. 60% is quite big but it couldn't be as big as I am thinking based on your perspective in the market currently.
If you ever decide to actually put that in an instant in the market, you might really want to look at DCAing it.

Today the market is red again and if we have a long term goal then today is a good time to top up the wallet balance, many are worried if the price will drop below $20k, and I think we can see in 2 or 3 days, if the price still above $20k the chances of going up are greater than dropping below $20k.

It is really up to you whether you want to invest 60% or 100% of your savings in Bitcoin. However, you should bear it in mind that bitcoin is a high-risk, volatile investment. As you may have heard which is also true,  bitcoin price can change rapidly, and you run the risk of losing a good portion of your investment. The first step to take before putting your money into Bitcoin is a deep research. Doing so will give you a proper perspective of what you are getting into that is, the pros and cons involved.

we can't predict the best price to buy bitcoin at any time, but the bitcoin price below $ 20k is really not to be missed. people who have successfully bought bitcoin when the price was below $20k, must have made a big profit now so that's as long as you have cash then buy bitcoin as much as you can, the new ATH of bitcoin will definitely happen again.

I only recommend bitcoin and would say no to altcoins, from what he said, it seems he is not ready to invest but maybe greed motivated him to invest.

@OP, I don't know how much you invest, but you need to know that investing is risky, and if you are not ready to lose, don't invest. We are still in a bear market, and no one can know how far bitcoin will fall, maybe 20k or maybe 10k, anything is possible. Think worst case, if you think you can handle it then invest.

Don't worry about the small correction that is currently happening to the bitcoin price because if at this time you decide to immediately sell some of the bitcoins you have then you will most likely regret it if the bitcoin price creeps back up after you sell, thus making you lose the momentum to sell at a higher price, so far bitcoin has been proven to be able to provide greater returns, especially for long-term holders, so my advice is to remain optimistic to hold it because holding is the right step, even though this correction makes our portfolio value go down but when the bull market comes it will again see a higher increase.

it is still not a big profit mate because bitcoin only reached 24k so meaning that if the price they bought is below 20k then it must be 10-20% profit and calling it bit isn't that enough.
but if they will continue holding till 2025? then that would be a huge win for all of them lol.

Yes Bitcoin can crashed below $20k again but that doesn't mean Bitcoin is dead or the price won't go back up again. It could retest lower level and immediately bounce back up or consolidated then pump later. Nobody can predict how far down or up Bitcoin can go. The market has a mind of its own and it's very difficult to predict correctly the outcome.

If you can't afford to lose some money then you're not ready to receive the profit that comes from investing in Bitcoin. Mind you, you don't lose when you don't sell so even though the price was to crash, provided you haven't sold your coins you haven't lost. And even though you lose ig can be 100% and Bitcoin moves in cycle so if you have enough patience then you can make back your money and even more.

Since this is savings and he said he doesn't want to lose everything, it means he can't hold it for long, so I think it's better for him not to invest. Investing in bitcoin may or may not be profitable, no one can say for sure that bitcoin will rise again, or bitcoin will definitely rise in 2025, it's all speculation and willingness to take risks. OP should decide for himself, don't listen to anyone's advice, because anyway it's OP's money, not someone else's, so if OP loses, no one cares.

If you are not ready to bear all the losses, then never invest more, let alone 60%, it's too big for beginners, although I'm sure bitcoin won't fall to 100%, but if it falls lower, for example to $ 10k or more than that, you have to be prepared to hold on until the price recovers.

I know it won't be easy for you but I'm glad you tried to see other people's suggestions and also some points to take but don't rely too much on others because thoughts will always be different, I believe if you invest 60% of your savings it's not something very bad if you don't sell it, but now what you have to understand is to practice how to hold back patience/anger/emotional seeing the low bitcoin price because this will take a long time because it's a long term investment so you have to be prepared fundamentally.

You are right, that no one can say for sure what the price of bitcoin is worth buying, we are here dealing with our own analysis accompanied by our trust in bitcoin which we have been doing since joining. As a beginner, of course it will be a very deep confusion, on the one hand you might see many people saying that the price below 20k is the lowest price, and on the other hand there are also those who say there will be another lowest price after that. One way we can take is to do DCA, so we buy slowly. When bitcoin goes up, we won't be left behind, and even if bitcoin continues to decline, we can take that price.

You need to do your own analysis and not just to rely with how others are doing with their trades, there's no one who can accurately predicts where the market will proceed, all are opinions and specualtions base from how they anticipate the market will possible to go, but the final decision making is still depends from how you understand and how you done with your own research and analysis.

Invest 60% of your savings in bitcoin, that's understandable.  Let's calculate the simple interest you deposit them in the bank for 4 years versus investing in bitcoin.  Easy to realize the value bring, you will decide, bitcoin is completely risk-free for value building plan as a savings.  I think bitcoin still has the possibility to go below 20k$, you can make cumulative buy, 5%, 10% according to the situation.  For the majority of young people, always interested in investing in bitcoin and learning them, I am one of them.

Even though there are no accurate crypto market predictions, we must prioritize our own analysis rather than trusting other people's analysis. With regards to DCA investing, anyone starting an investment should be patient buying BTC at a lower price than the current price, the market can fall at any time so it will provide an opportunity to add more assets to the long term portfolio.

Every decision that is taken must be prepared with all the consequences that will come. even if the op wants to invest 60% regularly in every income he receives it is very good to do because this will be a big capital for him when BTC reaches a new ATH, but the op must be prepared if one of these things happens, namely a sharp drop  .

in the investment economic system, every investment must have confidence and you are always ready for whatever happens in the future. those are the words that must be immersed in every decision. seeing that the current btc price has fallen 68% from its highest price, the right choice is to buy regularly or apply the DCA strategy every round after round and that is only done for those who have a strong belief for the long term.

It is always possible to drop below $20k because no one can guarantee the price of Bitcoin to stay at a certain rate. But if we consider the current trend in crypto market, I think it is unlikely to drop below $20k again. Since January 2023, crypto market looks much better than the previous year. No much FUDs as in 2022 and it seems to have more good news coming up. In addition, we already left the first year of the bearish season and we continue to the second year. It means that we already passed the worse time of the bearish season. Since 2024 looks like as the first year of the bullish season, I assume Bitcoin price tends to continue raising, there will be no huge drop again as in 2022.

If you invest in Bitcoin, you never lose 100% of your funds. When Bitcoin price drops, your investment value only drops temporarily. There will be a time in the future when your investment value will raise again.

From my experience, making decisions from the results of your own analysis is very difficult, because sometimes we don't trust the results of the analysis we do. So basically I want to say that we have to be more confident in making decisions. This is very natural especially if we are new to this, but gradually we will definitely understand because it is part of a process. We can compare the results of our analysis with the results of other people's analysis, I think that's a good step because we can find differences, and we can do that so we can be better in the future with all the lessons learned when we make comparisons.

actually when he says that he does not wanted to lose everything this means 2 things, either you are correct about he may need not to invest , or maybe he can afford to just keep the holding until the price recovered and bring him profit no matter how long it will take?
those are the possibilities on that matter the way I see it because like me>?this is my doings each time I invested in long term purposes .

you are asking about your investment percetage but you did not mentioned what is your strategy in this investing .

I mean are you willing for long term taking? then you don't have to worry at all as long as you can handle the risk of not getting or generating income when there is sudden losses but surely it will recover eventually at least 4 years again.
it is your money so who would be caring more? of course you mate so best that you will analyze the market more than believing those people.

Of course, an investor who wants to invest in Bitcoin and is afraid of risk should not invest in this platform. Because he will not be able to bear it when he is about to lose most of his wealth due to the volatility. Therefore he cannot be considered suitable for investment in this platform. as well but i deserve the OP might think a little differently. He said he can invest 60 percent of his wealth and may be willing to take the risk.

It will work if you are open in doing your proper adjustment, using other's outcome can give you broader idea in how to anticipate and how you will improve your own analysis. You can always use this information in order to prepare yourself for making decisions, especially those that are really tough when the market is too difficult to predict.

I mean, when massive dump or a quick pump that will give you hesitation if what position you'll going to take.

You cant make out those estimations on how much you would be putting up if you didnt made out some research first because you cant really just put a more than of your entire life savings without having these

kind of considerations which we do know that it is really something risky thing that we would make.No matter how noob you are but with having our own common sense then its impossible that we wont really be seeing these things specially that there would be no assurance.Sometimes there are people who are really just that optimistic despite of the risk and this is where mistakes and regrets could really be felt ot.

Invest on what you can afford to lose and something that doesnt involved emergency or life savings.

I want you to understand that theirs no time you purchase Bitcoin that's in vain, if you notice that the market of Bitcoin is decreasing and you want to top up your investment you can as well purchase, because Bitcoin investment the profit is been derived or determine due to how long of the investment, so Bitcoin investment or purchasing of Bitcoin can take place any time.

Many people are too eager to buy bitcoin, unfortunately when there is a difficult situation such as a red market like 2022 then they stop and immediately sell even with a loss condition, in my opinion this is a big mistake, better investment with a small amount that we can think of missing, and The most important thing is to be patient for hold, if we can hold at least 4 years then we have the opportunity to get a profit of 200% or maybe more.

looking at and considering the volatility of the bitcoin price, at any time the bitcoin price could go back below $ 20k!  but for the probability of down and also up i give 50%:50%

as other members have said, you will not get accurate answers and also the right choices if you don't decide what to do next.  if you really just want to make a profit from bitcoin, the key to profit is not to sell when the price is down but sell when the market is good and take a profit from it.  many newbies are losing money just because they sell when they are panicking.

If someone wants to invest in bitcoins for the long term, then it shouldn't be a big deal to buy them at any price. But there are better strategies to take advantage of especially when the market is corrected by a few percent, I mean buying on the dips is much more profitable in the long term.

Investment time frames may vary, especially since investors have different profit targets. I don't think that's the case, but it's true that investing in bitcoin is a good choice right now. If the OP thinks 60% is high, then there are people out there who even believe 100% is way better. It's not that asset diversification is bad, but they just believe that bitcoin has better potential in the long term.

Investing in bitcoin is a good choice as it offers higher returns than other assets but also remembers that its risk is higher than all the rest. I don't care the OP invests 60% or 100% of his savings, I just wanted to tell you and him that: we should only invest what we can lose, not invest what we cannot lose. Whether bitcoin or other investments, there is no guarantee that it will always generate profits without risk. We don't have any evidence to say bitcoin will definitely increase in price in the future its just a prediction like everyone else.

I think it "matters" in the sense that if bitcoin is 400k one day, buying at 40k and buying at 20k matters a lot, in one of them you have 400k, in the other you have 800k in your pocket when that happens. Not many people calculate the potential profit in the future, and that is a bit of an issue. However, you do not know how low it could get, which is why many just end up buying, and I do that too.

I keep buying all the time, which means eventually I would be making a profit, it's not going to be too simple and I will have to wait and meanwhile I keep buying but that doesn't mean that we shouldn't be really selling it at all, it is as normal as it gets.

True. Even if they hold bitcoins during bad market conditions instead of panic selling, they won't lose in the long run. Because 1 Bitcoin equals 1 Bitcoin.

However, in any investment, investment should be made according to the ability to invest, so that even if it is necessary to hold for a long time, the investor does not have to face financial problems. The market is open and constantly giving opportunities, the investor who can exploit that opportunity at the right time can win in the end.

Go ahead and look at the price history of Bitcoin since the beginning.Then analyze it's growth each and every year pass. Remember the cycle on how many months/years before Bitcoin crashes, recovers, and pumps.
Looking at these will give you an idea whether or not you'll end up 100% losses when you put your money in Bitcoin.
I believe, you will never have losses if you don't sell during the bearish season. Just hold it still for long term, be patient and you'll never get to have losses.

It is very important that you understand how the business works before you take your step into it, just like how you said it, analyze and observe how the market runs for the past years and see if you can predict the next upcoming market run, it's more on how you do your research and what are the possibilities that it can take when you place your position.

Make sure to work with your analysis and always think positively, that vibes can extend your patience and not to develop fears when
the ongoing market dump is happening.

Trust your own analysis and always have a good backup to whatever direction you decide to support and invest your money.

First of all, I can answer your question that no one can tell you that you should spend or sell 60% of your bitcoin savings because it is your money.

Let's just assume that I am the one who has bitcoin holdings, and there are things that we should know ourselves why we are saving bitcoin. Most people also know that bitcoin is really good for long-term holdings.

if you think you need money because you have an emergency and you only have bitcoin to use in this emergency, of course, the answer is only you who knows, not us. But if it's because you see that you have an income and it's big for you, it's still yours and I can say that you have nothing to lose either.

Its our money which means it our full rights on what we should gonna do with it which it would really be just right that you should follow on what you should have in mind.Also, we should mind off that not all people would really be having the on the same risk taking which there are people who could afford on spending up 60% of their savings and some couldn't really just able to bare up the risks.

Even myself cant really be able to take up that huge risk and i would rather putting 30% in Bitcoin  and some altcoins and the rest would be leave out in fiat.No matter how i do hate up fiat
but we cant really just deny that we are really that still needing to make some assurance on something that we've been using through ages.It is really just that it is really that
prone into some several problems.

It is insane to sell in a bear market, bear markets are for buying bitcoin and bull markets are for selling them at profit However we usually do the opposite, that is, we buy in the bull market thinking the prices will go even higher and sell in bear market thinking it may become to zero.

Anyways, I would suggest everyone invest 100% of their savings in bitcoin at the present time as this is the best investment at the best time. Bitcoin is near 24K, it may go a bit down but in the long term, we are seeing bitcoin over 50K and beyond. I must say that this bitcoin investment can be a lifetime opportunity.

There's a possibility for the price to crash below $20k level but it doesn't mean you'll face 100% loss with your investment. Did you buy Bitcoin already if so, at what price?

You can invest your savings because it's all up to you. However, keep in mind that there's no assurance if you'll gain (but of course as a bitcoiner, we're postive in the future of Bitcoin) since we don't know what lies ahead that can affect the price of Bitcoin. That's why invest only the money that you can afford to lose, because obviously you're already worried facing 100% loss so you're looking for an accurate answer about the price. Hence, much better if you think carefully and ask yourself if you can bear to see a worse can to happen because the future is uncertain.

not if he will not have put a greedy attitude ,  because if does then things will change and will not favor His position in growing His funds.
chart and history will discuss how it will be better for this coin and this market to grow over the years specially that 4 years cycle that we knew always brings positive increase to all crypto either shitcoin or memecoins .

after 3 weeks , have you completely decided mate? if not then you missed the chance to earn 16% as of today?

well if not then sorry for you are there is a little trust from your side to Bitcoin , if that is how you look at this market then best to invest in altcoin instead so you will face defeat because of no assurance and security .

Maybe there is a pattern that can be applied by OP in investing, if adjusting the title he made in this post, the level of savings and the percentage of investment he made is too large for a middle class class of people. So it can be concluded that the OP only wants to listen to suggestions and input on investment by adjusting the pattern that is suitable to be applied.

For me it is not recommended for beginners to try to invest as much as 60% of their savings in Bitcoin, because the knowledge they have will not be comparable to the expectations they want when bitcoin is undergoing a long correction process, but it is better for them to start trying to take small amounts gradually and once he starts to understand how to invest, then take big opportunities when market conditions support buying, this step will lead someone to learn to understand the level of risk in investing.

As starter to something that you still in the process of learning, I see your point and yes, it should not be that much as you can quickly feel fear and when the market fall so hard, that will be the cause of your losing, when fear dominates you will sell your holdings without realizing that the cycle is normal.

Just like how it was being presented, investing will depend with how you guage your knowledge with the market  that
you are taken as medium of your investment.

60% might not be too bad for me, as long as beginners hold bitcoin and we all know that bitcoin is a recommendation for long term investment and with bigger profits and not affected by altcoins. the remaining 40% can be used for other investments such as for some of the top altcoins and for Fiat reserves, which is useful when prices start to fall beginners still have reserves to buy back. Buying gradually when you start to understand the investment can also be done, but determine where you will buy it. make sure it's secure.

To invest in 60% is not below standard,as for me is not good for beginners to start investing in their saving Bitcoin, because is not going to be better for it, in their profits.because the knowledge they  have will not be comparable to the expectations they want.Also, we should mind off that not all people would really be having the on the same risk taking which there are people who could afford on spending up 60% of their savings and some couldn't really just able to bare up the risks.If someone wants to invest in bitcoins for the long term, then it shouldn't be a big deal to buy them at any price but I will advise the person to buy bitcoin in bear market and sell it bull market to gain higher profits.And you have an emergency issue and you don't have money and you have bitcoin to solve the issue then you sell the bitcoin in anytime,nearest or bulless.

Sooner or later you would realize for yourself thats not how things goes or works.You might be having those impressions when you are just starting up but as you do go further ahead or you are really

that learning along the way on which your awareness becomes even more wider and more bolder then for sure you would be making up some realizations on what are the things that you should do.

When we are still beginners or newbie then its inevitable that we would be thinking up things too exaggerately which would causes for us to make up bad decisions.
Speaking about 60% in savings on buying bitcoin or crypto then it is really always falls down into your own choice.

If we already have doubts in our mind before investing, I don't think it was good to continue and urge ourselves to do that because I have the feeling that it never works and could probably be ended up losing them all. It was best for OP to just relax and wait for the moment that he fully understands crypto and when he is fully ready to invest without single negativity in his mind otherwise investing in crypto is not for him. Because the truth is that it was hard to get assurance when we are not fully ready to take risks.

You have asked a question that is very difficult to answer. If I say Bitcoin will not fall below $20000 then it is unrealistic. The Bitcoin market is constantly changing. Any situation can happen at any time. If you want to invest then definitely invest because the market is very investable right now.
But you can rest assured that Bitcoin will never be 100% damaged. If you can invest in Bitcoin right now then I can definitely say that you will be successful very soon. Because the next Hal-Bong is not far away. If you wait till 2024 you can see your success.

Because experience will teach anyone to make better choices, for beginners it's better to try investing in a slightly smaller amount, so that the learning process doesn't involve too many risks when market conditions fall so hard, this will slightly affect psychology because investing uses Money. Therefore, the investment journey process must pay attention to the level of risk that will be incurred, so that beginners have the right conclusions when they want to do it.

It's different if beginners understand the concept of investing in bitcoin by taking long-term patterns. But in many cases when market conditions fall and the percentage of 60% bitcoin held by beginners, they will automatically experience panic and will try to cut losses by selling their assets. Therefore I say that knowledge will bring someone to the stage of perfection in thinking and acting on responsibility for the investment he makes.

In general 60% is a large number for beginners when investing in bitcoin, especially when calculated from the total savings they have. In my opinion, adjustments are needed in investing and cannot be forced instantly, because if you want to make the right investment, consideration is needed regarding the benefits that will be obtained and the risks that will be incurred in investing.

Bitcoin is risky and plummets anytime without giving an indication but despite this thing, I still believe that Bitcoin is a good investment.
Of course, nobody could afford to lose all of their money which is why we should invest only the amount that we can afford to lose. Meaning, if that 60% you hold is the amount that you are willing to risk, then stick to it. Because as we know that investing simply doesn't just work in an easy way, it should be managed carefully otherwise, all your hard work is gone too quickly.

and in conclusion, it all depends on the strategy we will use. Allocating 60% or less is not a benchmark. But for beginners it is quite big, because when they start to panic when the market crashes they will do stupid things by doing cut losses. it takes some education for beginners on how to deal with crashes like that, if they crash by holding bitcoin it is still quite safe and the price will of course come back again. But if you hold other than bitcoin it will be more risky and it may take a long time to return to the initial buying price.

Allocating funds is recommended lower than 50% but it all depends on each personality, even though we know that there is a high recovery period and even bullish it has an impact, the price of bitcoin will increase dramatically in the future, but there is no financial urgent need that can be predicted and maybe we It requires it when the price of Bitcoin has declined significantly, instead of applying for a loan but we have to cut loss to prioritize urgent needs.

but wait mate , where did you get that 50% allocation being the  main point? i have not seen this to be effective specially when talking about this top one coin?
this is also why we need to Keep it holding comparing to short term or daytrading.

I believe that Bitcoin is for future and altcoin is just for sharing .

The ideology that 1 BTC is 1 BTC is not a good thing for investments, the striking price matters. It might only be good for those that bought the coin when 1BTC is 1 USD. Otherwise, a person that bought it at $60,000 will not take it lightly losing so much with the coin being at below $25,000 for too long, and with no assurance that it will soon hit the striking point soon. Especially when the amount bought is much.

Investment is not a game or gambling, you need to be sure of what you are doing, not as many relate it to Bitcoin, it needs proper speculation and plans. If care is not taken with the ideology that 1 BTC is 1 BTC, good investors would have made millions while you will make nothing.

This may be wrong from your point of view, but long-term investors think this way. If you rush into a huge bull market and buy at the top price, it's not an investment, it's considered a FOMO buy. Those who FOMO bought at the top during the 2017 bull market could still profit in 2021, if they held their Bitcoins patiently. So you have to take the investment decision considering the current situation of the market, because you don't know exactly where the bottom of the market will be. So one should invest by estimating the market price, patience and following the buy price averaging strategy.

I accumulate 50% of the total assets so it is not effective to use half of the funds for investment, we must have financial management to sort out the allocation and determine the right total amount of investment, I have 35% for investment allocation at this time, so the allocation for investment funds is not disturbing other needs and can be used for long-term investment.

It's also good enough for you if you can apply it for a long time, especially if you can be very comfortable running it because you don't experience difficulties for other needs. But the question is why do you only collect 50% of your total assets and then sort it out a bit for investment? Even though you can calculate all the assets you have 100% even though in the end you will only use 35% for investment.

Many people say that Bitcoin is very good to invest in, the possibility of price increase is still there, but no one guarantees, all are just predictable and unfounded. Investment is a risk, you may lose a part of the property but can also lose all the investment amount, so if you are not ready for losses, it is best not to invest. That's sincere advice, even though I'm a bitcoin investor.

It will be hard to determine whether the price will go dip again, but when it comes in Bitcoin prices it's good to just hold provided we have money to spend in our needs and everyday life also in case of emergencies so we will not be required to sell our investment at low price due to the fact that we put our money all in Bitcoin. I do accumulate Bitcoin whenever I can, but also pay my insurance, bought some stocks and left some savings at bank. We can't guarantee the prices but remember we're not at loss in crypto or in stocks as long as we don't sell it.

Well as an investor if your personal needs still eat up 35%+ of your total accumulated income it then means you are not a passive investor and just a holder, since there is a difference between an investor and a holder.

-While an investor does not make provision for personal use in the total capital since he will have that covered by other allocation,  a holder on the other hand can combine two both personal and investment.

yes you can surely save 60 prevent of your saving in bitcoin because bitcoin is secure investment. There is no guarantee that it will reach the level below 20k value or not but according to the prediction of experts bitcoin will rise soon as it is now decrease in price so you can investment some part of your money.

You should not invest 100 percent of your money because sometimes you will need it for some purpose and you will be unable to sell your bitcoin so put that amount of money which you do not use and is save as an extra income.

60 percent is enough amount to make investment in Bitcoin so it will be perfectly possible for a huge return once the market recovers back to its elevated cost.

Believe that the price will definitely fall, but no one knows how deep the decline will be. Price changes in the market are the most unavoidable thing which is then referred to as volatility, and that's how the market has always worked.

Buying every dip and hold is great for your long-term investment, especially if you actually have the budget to stick with it consistently. The potential that bitcoin has in the long term is a possibility, and the so-called probability is definitely uncertain. You have to understand what the risks are, but that doesn't mean you shouldn't invest. Only play an amount you can afford to lose, whatever it is.

Honestly the question has the answer already, and people who said "don't" are right. Not because bitcoin is a bad investment, but if you can't afford to lose 100% of your investment, then do not invest into anything at all, because it shouldn't be an issue for you to invest and still live normally.

I personally invest money that I do not need in my regular life, which means if I lose 100%, tomorrow will be the same as today for me. Of course I would be very upset and sad, but being upset and being poorer are not the same thing. If you can't afford to lose 100%, then do not invest into anything, and try to figure out how much you can afford to lose 100% and invest that much.

If you have that kind of mentality and you are willing to wait for a much bigger profit, this kind of strategy will work and will give you big benefits when another bull market hits up. It's not an assurance as no one knows what can be the fate of crypto, especially Bitcoin, but looking from the past market movement, it really gives a huge amount of benefits to all who believe in doing a long-term investment.

It's up to your good knowledge to take that long risk with a huge percentage of your investment using Bitcoin as your main source.

If we are just about to start investing and don't have experience in this area, not necessarily we put a huge amount like 60% on it as it was advisable to start with a little amount. In fact, 35% is even big for beginners but still, it was manageable if ever we fail on the first attempt. It was very important to determine the amount that we can afford to lose. In fact, we can gradually increase our investment capital at the moment that we are sure we can take the risk and when we are confident enough about it.

No one says it is guaranteed to be increasing each time when you invest in bitcoin but at least what we can be assured is that the safeties of our funds comparing when it is putted in altcoins specially in shitcoins or similar coins to it.
why need to trust shitcoins when there is bitcoin that from the beginning we already knew how safe and effective in bringing profit to investors?

Bitcoin is a great investment if someone wants to receive little, but steadily. I understand that these are averaged concepts, and no one can promise anything in cryptocurrency. But if you compare it with the new coins, it's a great investment. In the new altcoins, you can lose the entire amount at once, only once you have trusted the wrong company/project.

Just invest what you want to lose but that doesn't mean that you'll be accurately going to get losses with bitcoin, no you just can't.

The market is no longer exotic to the masses since it's been there for years and the mainstream and financial institutions are also in.

But if it's for investing anything from your savings, yeah bitcoin is the right choice.

The part that confuses me most is where you mentioned that Bitcoin crashed to 20k price, and just as I have been saying in my subsequent replies to bitcoin market speculations, it's ok if Bitcoin relies on around 20k+ for a while this will allow the market to build better liquidity at that level that will help to sustain its price above that price.

If you have been following price analyses you will already know that BTC has touched on a 25k price many times but can't retain that market position and the bear mmarketablepaused a strong resistance many times but with enough liquidity, the price will surpass that range.

I couldn't comprehend your writeup but I want to assume that you are asking if you can invest up to 60% of your income in Bitcoin. Investment is a personal journey and it depends on your plans and financial projections. 60% is not a bad sum to invest in Bitcoin because you could also make a high profit because you invested more. The clear picture is that the percentage of your income you invest is also the risk, profit and loss percentage you might have. So if you are able to take the risk, it's not a bad idea. For me, I invest lower than your benchmark.

Although in conclusion it depends on how one allocates the investment amount taken, I don't think it is right for beginners to take the approach of 60% of their savings for investment. To be honest, we are not at the stage of saying that bitcoin will give them a loss, even when market conditions crash and make the decision to cut loss in a panic, but rather to educate how beginners control their attitude in making decisions that can bring them to the stage of perfection in choosing and decide something.

Because I am Sure the beginners we mean to understand about bitcoin and they know how bitcoin works so far, except those who are truly beginners in terms of knowledge about bitcoin and i also do not agree to hold anything than bitcoin for the long term. Because there will be many risks encountered and difficits to return to the previous price, especially in investing requires planning and strategies to get the appropriate return.

Ah, so meaning?what do you say about accumulation of 50%? of course that is on your hand meaning there is accumulation happens but what i was asking is that if this is coming from regular work or other businesses that you are holding? sorry but you are not clearing your point here.
what we are talking is where did you get that 50% to allocate when you can make it 100% or at least 50% in bitcoin and the remaining 50% is for other coins.
i think we are not getting the main thing here.

If you think you will lose by investing in Bitcoin then I think you should not invest. Because there are several things you need to consider before investing in this platform. The first condition of investing in Bitcoin is that you have to wait patiently. You need to hold bitcoins until you reach your goal. Also, avoid the tendency to withdraw the money you invest. Because Bitcoin is the fruit of a long-term plan. Also an important point is that you should invest as much as you can afford to lose. Since you say you are not willing to lose 100%. I would say this is the best investment if you want to hold Bitcoin for the long term ‍and it also worthy to invest your 60% your savings. Cautions and risks must be known before investing.

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

He's willing to lose and understands that there's risk upon investing but IMHO that doesn't what he means to say that he'd definitely lose.

Doesn't matter if we are a noob or not, but 60 percent will always remain to be 60 percent, and it was big. It would be better if we reduced this amount to 10 to 20 percent so that we won't worry too much by the time Bitcoin is dumping heavily and may seem hard to recover anymore. I know Bitcoin isn't new and it already has a history of epic recoveries but man, we still can't predict the future.

Also, people may got bored of waiting so they will just sell at a loss. Other than in Bitcoin there are still altcoins which can also work better for the long term. I think we already know about them but Ethereum is still currently the best and safest choice among others.

Before investing everyone thinks he will get the best return on his investment but can see the real result after investing. Because the market has seen many unexpected movements due to which even experienced investors have lost money by huge margins.

Therefore, it is important to manage money in investing so that even after seeing unexpected results, one's financial situation does not go to a very bad level. So 60%-10% is not a fixed amount, it depends on the financial and emotional status of that investor.

That's about being optimistic when someone invests and I'm also like that whenever I've got other investments on the process. I just think that everything is going to be well but before thinking like that, I make sure that I know what I do and so I don't regret with my decisions and it never happened to me for having bitcoin. What I just did wrong is when I need to sell forcely because of the circumstances that I've faced before and just as I've said, it changes with things that we deal personally. So if OP is in good condition and don't have to think a lot of circumstances, he has to take that opportunity once and for all before anything happens. Because if it does, he may not be able to invest just as what he's said about placing 60% from his savings but as he do that, he needs to carefully review his status first if it's really doable.

When it comes to investing, think like a professional investor. Future potential investment can return the invested capital of the investor with profit. Any loss is painful, since an investor will invest part of his/her savings, we think he will not regret after making a loss, but if he/she faces a loss after making a loss, he/she will regret it. So investing with proper market research is most important because even a small loss will be recorded as a loss at the end of the day. And no investor wants to lose even if it is a small amount of his/her savings.

Not only limited on investing but also in other things as well on which you would really be needing to be that thinking that carefully whether it would really be something beneficial or not.
When it comes to savings then its up to you on how you would be handling it.Important thing is that you wont really be going in all in specially with your savings.
Allocating 60% is already that too dangerous because we do know on how risky crypto investment is but if you could be able to accept and bare up with the risk
then its up into your choice whether you do proceed or not.

Maybe the 20-30% figure is more suitable for them in taking the approach and trying to start investing, they can add slowly according to the knowledge they already have. No need to worry about the future of bitcoin, just look at the process of its journey when there is no price, then compare it when everything passes and bitcoin has value as proof of the doubts many people have about predictions at that time. Isn't it believed that bitcoin is the best long-term asset capable of maintaining value?

We can see evidence of all that historically and fundamentally bitcoin, boredom occurs and selling it is the part of people who have no knowledge of bitcoin and this case is much smaller in practice. I prefer to talk about bitcoin, even though Ethereum is also the best choice in class Altcoins, but not representative of the best future store of value and assets.

Bitcoin can crash again in this season but not below $20,000, because the current price is still between 23,000 and $24,000 which is a sign that this year 2023 will be a better year compared to last year were the price of Bitcoin decreased more than $20,000 that made many traders to experienced losses from their investments. If you have the money to invest, I believe this is the right time to invest in Bitcoin because the price will definitely hit $50,000 before the end of this year to make those that invested in the past to smile. Now that the green light is preparing to remain stable for the price to increase to a level traders will believe that it will be difficult for the price to crash down to $20,000 again in this year.

those are chance investors and not a believer that is why the small changes in market makes them panic and sell out in which we don't need them in the adoption of cryptocurrency because they are the one that makes the market more volatile and not so even trustworthy over the years.


in same manner that we must maintain our trust and belief in this currency if we truly wanted to see the worldwide adaptation .

The people right now is really want to invest big but scared of the risk of it.  You can really invest 60% of what wealth you have, but make sure you can afford to lose it. It doesn't mean that if you invest, you are sure that you'll make a profit. That's not how it works; you still go through a lot of things, which is why others will tell you to invest only what you can afford to lose. Though the longer you hold bitcoin, the better, as you have a high chance to earn profit.

at the beginning of this year, the Bitcoin price movement was quite good even though it increased slowly but no one knows for sure in the future what is certain is that a price correction will still occur whether it will be below $ 20K or not.
to invest in Bitcoin up to now is still pretty good even though we have passed many good opportunities so that until today the future is still predicted to be bright.
however, in investing in Bitcoin anything can happen, there is no guarantee that it will experience profits, only the uncertain percentages that we will get later.

what is certain is that whatever amount of investment is set aside from savings to buy Bitcoin it is the right step, because many people are now doing the same thing, risk is a natural thing that will be encountered but it is all worth the possibility that will be obtained, don't worry about it.

talking about bitcoin , there is no complete risk if we are willing or can carry tokeep the funds holding because for how many years now, 12-13 years? we have proven how profitable this coin every 4 years cycle so if we can afford to risk that then surely he can even invest 80% if not needed that soon .
it is wrong to use that word "WANT TO LOSE" because we are investing to wanted to earn and that is not the right term to deliver .

It is a good decision if you invest 60% of your savings in bitcoin, in other words you have 100% of your savings and of course you have managed your needs well so that you have savings and risk funds or emergency funds for your needs in the next few months. . 40% of savings if you feel enough with it to cover unexpected budgets beyond the budget needs that you have made before.
Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.

I am not an expert on this but if you look at history the cycles will always repeat, you will not lose 100% of your money in bitcoin but it will be lost if you keep it in altcoins.
If you talk about going up or down again for bitcoin, I don't think you need to be afraid because you can use the DCA strategy to reduce frustration when it goes down and for sure bitcoin will return to its highest price and you just need to be patient.

yes, it is possible that the price value that is currently owned by Bitcoin will go back down to 20K $. but make sure that it is not permanent, and chances are usually after a drop Bitcoin will continue to be pumped beyond its previous price.
and you don't need to bear losses, if you are an investor what you need is your patient attitude when the value goes down after you hold it. and this goes for all investors i guess

I don't agree with your question, maybe 40% for investment is realistic for long term investment and 60% for allocation for priority needs and some for unexpected urgent needs, if you increase more funds for investment then something you have to cut crypto investment costs for priority needs because you do not have other funds if there is an urgent need for medical expenses. So a wise investor will never allocate investment higher than priority needs, moreover crypto investment is also a high risk unless you are willing to hold it for the next few years.

I think it's too risky. It's great to invest in bitcoin but 60 percent of your savings is obviously quite large. Even though it is indeed very good, we also have to pay attention to the conditions in which we live and still need funds for it. I think we have to realize that good financial management will not make choices by placing big risks, at least we have to think about situations where we can be unexpected. Investing for the long term and placing the meaning is clear that we cannot make any steps arbitrarily because this is related to the funds we have.

The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.

He must re-evaluate the distribution of his financial use to determine how much the allocation of funds is appropriate for investment and basic needs, but allocating 60% is highly discouraged for investment and he must cut 30% for the recommended amount for investment. however, he must prioritize finances for priority needs, urgent needs, and some of the funds from his savings are distributed for long-term crypto investments.

If you pay attention to what he saying, maybe you won't be wrong, he mean 60%, if all budgets have been made, both emergency funds, health and basic and unexpected needs are outside of investment savings funds, then 100% of savings funds are free money without being tied to anything that is saved, so using 60% of the funds to get into bitcoin is the right decision and the remaining 40% of the free savings fund is a fund to cover if there are expenses that are more than what has been arranged in budget.
He talking crypto, namely bitcoin, not altcoins, so of course the focus is on the long term, yes, at least for the present moment, it's more or less a year and a half away.

Bitcoin has a good chance in the future, the trend of investing in bitcoin which has been popular since 2011 has made many people new millionaires, even I have seen a wallet that has stored bitcoins since 2010 and sold around 100 btc from 2016 to 2022, the owner of the wallet it says that at that time he was selling a car and buying about 2500 btc from 2010 to 2013.

It is a must to re-assess the amount of investment he needed or he can risk, 60% is big as the assurance of success is not guaranteed especially if investors is aiming for a quick turnaround, unless he can buy and hold for long and he will not be pressured when panic is already happening inside the market,

most of the time, those who losses a lot are people who can handle the risk that this market have, thinking that they can quickly earn with the volatility, they forget to include the risk factor when investing.

I have invested more then 60% of my wealth in Bitcoin and I continue to add to it. If you do not expect a return in the next 2 years then you should profit because Bitcoin will increase in price it is just giving it enough time. Bitcoin is growing larger with new members every day and FOMO will increase when we have a lot more people using Bitcoin and btc becomes more diversified because a lot more people hold Bitcoin and they not all controlled by whales.

currently the price of bitcoin is in the $22k range, although there is still a possibility of dropping below $20k but even if the price manages to drop below $20K the price will not be far from that point. it doesn't matter if you want to invest now because the percentage of prices going up in the future is much bigger because this year or next year it is very likely that the crypto market will enter a bullish phase.

Wow, that's a story from a very good Bitcoin history to know now, and by the way where did you read that story? or you see it yourself in your environment. Because in 2010 the price of Bitcoin was still under one dollar which then increased to one dollar in April 2011 (https://investor.id/market-and-corporate/295920/intip-yuk-perkembangan-harga-bitcoin-dari-tahun-ke-tahun#:~:text=Meski%20digagas%20setahun%20sebelumnya%2C%20Bitcoin,ke%20publik%20pada%20awal%202009.). This is a story from a very long history now and it is also long and it would be very natural that someone in that year could buy more Bitcoin because considering the price is super cheap compared to now.

We cant really make out conclusions in speaking about floor price or support or bottom because there's no way that we could precisely tell on which point even how good your technical analysis would be.
Speaking about savings up or investing about 60% then i would say that it would really be that too much considering that about the percentage that you are putting into.If you could really bare up with the risks
then its up to your choice but if you do see that you arent that confident with those numbers then you could always lessening it out basing into your risks management.
Not all could really be able to bare up with the risk and this is why you should really be thinking carefully on which point you would be preferring into.

If I have my way, I sure will be ready to take the risk of 60% of my savings in buying Bitcoin. Bitcoin is way too underpriced and we all know it. My candid advice is if it won't shake you a bit, then up you go.

I recommend having a plan before you invest a big amount like 60% if you do not set your price target and when you will definitely not sell when Bitcoin goes down you could panic. I have panic many times since I invested a lot of my life savings into Bitcoin. It is not fun when the price goes down and you have your friends talking about how Bitcoin is a bubble and it will not recover. If you cannot deal with that pressure you are going to panic and sell at a loss. I think you should be prepared to be invested for at least 5 years before reaching your price target if it is over x2 the current price.

Savings should give a yield so its not advisable to speculate to this extent.  Someone very young with supported income, known outgoings and a life time of career earnings ahead of them might consider it viable to take this risk.  Also add in when you are young you are not risking as much, 60% of savings when you are 20 often isnt that much but at 60 its a silly risk when you will be retired soon.
  The reason its speculation not investment as often misquoted when discussed is the return in active business is not there with a plain BTC holding.  To hold BTC is to speculate in a commodity of some sort, it could be quite positive experience and reasonable in many ways but there is no way to exclude the higher risk of buying into the idea of higher future demand.  The most certain investment to hold your own home in a modest way, this is demand you know the certainty of personally; consider other finance in parallel to that kind of certainty and known returns vs costs.

I think it would be better to do your own research and study how crypto works before investing. Because bitcoin can dip and dip until you lost a huge amount of money. I suggest to know your timing and invest at the dip and hold. Because many people succeed in investing in bitcoin and keeps investing so it's worth a try. Which is a good mindset for an investor. It's a win-win situation if you have return of investment and still have investments.

I put something like %35-36 of my portfolio in Bitcoin. Obviously you can, you can invest like half of your life savings into Bitcoin. I am even sure you will get nice profit through this method. But I honestly cannot suggest this to any relatives around me. It is very very risky method of crypto investing. Bitcoin is number one, the best cryptocurrency out there. But considering its already 22k, I think its possible you can lose half of your intial investment. So losing %30 of your portfolio. I think its for people with relaxed financial status. Regular family dads can't do it.

I think it is the biggest folly to ever lose patience with Bitcoin investing. Because investing in elat coin has the highest risk of losing money but investing in bitcoin never has the risk of losing that much money. Currently the market is at $22k and investing from this position will never lose much if the market crashes. Of course the market will work in 2023 but just wait for the time and if you invest in Bitcoin right now you will surely get good profit in future.

I've read some advice from Bitcoin experts, they are experts on speculation & predictions about Bitcoin.
Suggestion:
If you want to invest in the crypto world, don't look back and now, look forward, where you yourself never know what will happen, that's the crypto world.

I can draw one conclusion from that suggestion, investing in Bitcoin is not limited to 60% or 100%, as long as you have the will and are able to do it, do it, all that you enjoy.

I'm not saying currently Bitcoin under $20k is the best to invest in, but investing is a good trait. who knows in the next few months it will drop again to $ 15k or who knows in the next few months it will increase to $ 100k which obviously we will never know that, take the history of our ancestors making long-term investments, even though they can't enjoy it, their children or grandchildren do.

Invest responsibility and only invest what you can afford to lose and money that you will not need for a couple of years because Bitcoin is not a quick rich scheme it is a long investment that should give people results if they are prepared to wait but most people are not prepared to wait and panic sell when they see a crash or we enter a bear market. There is no perfect time for investing into Bitcoin but there is a perfect investment which is Bitcoin.

Primary rule as always and something that shouldnt really be forgotten considering that we are talking savings on here which means it a crucial money allocation for emergencies and other correlated stuffs.
Investing or putting more than half on bitcoin then i wont be saying that it isnt really that worth but just as said that it would really be always recommendable that only put up the money which you can really afford to lose.We dont know on how the future holds or what would happen ahead considering that value would be always depending or basing up with community demand and recognition.
We know that nothing do last forever on the top or on peak spot and this is why its really that recommendable on having those risks management to be on play.

That's while among cryptocurrencies Bitcoin is best among all, so irrespective of it's falling it still have values, some people who purchased Bitcoin during 2009 and 2010 when Bitcoin was fully launch, and during that the price of Bitcoin was not much compare like now, they have made it now, that's while we continue to advice people that no time someone invest in Bitcoin is wrong time, it's just depends on the time Factor we want to keep our coin before harvesting, some for Bitcoin investment theirs every tendency the more the year are running the more Bitcoin is getting appreciating

Agreed and patience to hold is more important to profit from bitcoin. Not everyone have the patience. Apart from that people have some wrong understanding about cryptocurrencies which too a reason that people stay away from bitcoin. Over time this will change. When the investing captial won't hurt you even if the market turns downward and you're in a situation to cash out then you're good to invest. If you feel the down market might affect your lifestyle or other financial pressure then the market isn't for you.

Investing a huge sum into Bitcoin all in one is very risky. I recommend investing with dollar cost averaging because it takes a lot of the risk out of investing in Bitcoin. If you invest a big amount all in one it adds pressure to selling. Dollar cost averaging covers you when Bitcoin drops and it is the number 1 method that all the WO topic agrees on. You can still invest a lot of money in dollar cost averaging by doing big sums each time and it would do better then investing all at one time especially if you need the money at some time because of a emergency.

This is how some people will achieve their goals with Bitcoin and there will be others who will only regret it. Because not many people get the opportunity to buy Bitcoin. I personally took a position to buy Bitcoin at $3000 but couldn't buy at that price in hopes of a further dip. A moment I will never forget. Likewise those who wait longer with Bitcoin today may lose the ability to buy Bitcoin on demand. If an investor can invest in Bitcoin after researching the current market and planning to hold it for a long time then it is worth investing and OP can invest 100% instead of 60% if he wants. But it is important to hold bitcoins according to the goal.

Regrets would be unlikely if you are really that accepting that risks since from the start or beginning on which you are fully aware on what are the things that are happening around or could possibly happen.
When we do speak about crypto then we arent that dumb not to know about volatility because whether you are a beginner or a newbie, sooner or later you would be able to realize those things along the way
on which it would really be giving out that kind of awareness on how this market behaves or works which its up to you whether  you would really risk up on putting up your 60% saving into it or not.
You are the ones who would be making out such decision.

Investing through the Dollar Cost Average practice would help with buying at the best price. This works most of the time unlike the bullish/bearish market situation. When you invest all of the sudden you'll be highly profiting or at the highest loss. Through DCA technique this can be avoided. Most of the users prefer to diversify the investment, because no one is sure of the market crash and recovery. When we go for high value investment on single asset we need to go with the amount that we can afford to loss or have the patience to enjoy the profit, only then investment becomes effective.

Talking about diversification, let's know that diversification I'm cryptocurrency means we move from bitcoin into investing some percentage on other coins in the altcoin market since we don't know what exactly will happen in the future.

-This practice is nothin different from gambling,  this is because the investor will have to rely on luck and chances to make anything out of the investment, but I do rather. Hold more bitcoin than to gamble with altcoins because an altcoin is a high risk compared to Bitcoin.

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

I will always say that investing in Bitcoin is a very good bargain, still, the potential investor should not just jump in, the rudiment of Bitcoin investment should be well known. Additionally, it's very good to ensure that the investor is very speculative in nature, not that such would be gambling or relying on what some websites say of the coin.

If this could be done and the buying is done at lower levels, then I am so sure that the investment will be worthwhile.

Bitcoin is a type of investment that is very volatile, increases or decreases in price can occur significantly, if we want short-term profits then we will be stressed, but if we hold bitcoin for the long term or at least 3 years then it will be easy for us to profit 100% or more , many people have succeeded and proved this, why are we still doubtful. Especially now that the price is still cheap and provides a good opportunity to start investing.

No one knows whether the value of Bitcoin will increase or decrease in the future. Investing in Bitcoin or anywhere else does not guarantee profits. You can gain or lose from it. Don't invest based on someone's advice. Invest what you can afford to lose. And invest just that much, which if unfortunately lost, this loss will not any affect your daily life. So, instead of investing 60% of your savings, invest 30%. Then you see and understand your investment situation. Next, do your own research to invest. Never invest based on what others say. Because it can take away your entire life's savings.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Investing 60% of your savings in Bitcoin involves is a good idea and a wise approach. If I notice it seems you already understand the market performance that the price of Bitcoin is very volatile and can experience substantial fluctuations. To make sure Bitcoin will drop below $20,000 I don't think anyone can guarantee it won't go down but look at the issues that will affect the price and there you find out what the Probability of Going Down by itself.

Yes, no one wants after investing their asset value to be ZERO. But I'm sure and you also understand that every investment involves risk, and there is no guarantee that our assets will increase or decrease. So, understand market performance first and only then do you enter the market so that no one will feel guilty later and as you said above.

Indeed, I am not opposed to people investing in altcoins, even myself I like to invest in altcoins because of the profits it brings. But we should focus mainly on bitcoin and only a small part on altcoins. Frankly, investing in altcoins is gambling, so know what you are doing with your money, the higher the return, the higher the risk. Furthermore, the bear season is not a good time to invest in altcoins, altcoins should only be considered during the bull season as they are short term investments.

Definitely we should at first do a background check on the project that we are investing. I am also not in favour of investing in altcoins , as often here the chances of getting scammed or losses are high. We know what Bitcoins are capable of. We know these coins are rare and limited in number. The trading volume and marketcap is also high. So this all indicates that the price has higher chances to grow. Hence investing in Bitcoins can be considered as a good option. Moreover OP yes you can definitely invest the amount.

We know that diversification is always been that suggested or recommendable on which it would really be just that normal that we would really be going to look after on some corners or chances on which we could potentially make some income or profits too.Yes, we should really be that focusing on bitcoin but its not really that bad to go for some alternatives on which it could also make or potentially be able to make income which we are really that free to do so. This is why diversification is really that recommended but of course this isnt something that way too simple to deal with because if we do speak about being having that kind of less risks then sticking with Bitcoin would be the best shot but if we do speak about diversification then looking for some altcoins wouldnt really be that a bad idea either.
It would really be that just depending on your appetite because not all people would really be having that kind of approach when it comes into their investment but rather they would be sticking
into something that would be giving out some assurance or something like that.

you can simply dca to minimize the risk.

In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.

The decision is all yours my friend you can invest 60% of your saving in bitcoin because bitcoin is a legit and trusted coin in crypto so it is less risk than investing in other coin, just make sure that you have big patience in waiting for the possible profit because sometimes it takes so many years before we can earn, don't let others make a decision for you decide by your own to avoid regret at the end.

In my opinion it is very unfortunate if you choose to invest 60% of your savings,
because in Bitcoin the price is already quite expensive and the ROI from Bitcoin is also quite high so the profit you will generate is also not too much,
my advice is to choose altcoins for your investment because in altcoins you can generate much more ROI than Bitcoin.

Try to read the topic properly before you reply.
The OP doesn't appear to be investing 60% of his salary in bitcoin, but he plans to take 60% of his budget savings to invest. It's clear to me it has nothing to do with making ends meet since the OP probably has enough salary to handle that. The other 40% will be considered as reserve money after 60% of which is used to invest.

Avoid panic by ignoring the volatility of the crypto market if you really want to invest long term. Panic selling when the price drops is definitely to be avoided as you will only end up losing instead of winning. So ignore market volatility and hold onto your bitcoins, it is a long term investment strategy.