Bitcoin Forum

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

But as a dump then came in crypto market, for every investor it was really a great shock.

What you people say about this topic ?
Should we invest just like them or should start with a less amount ?

as Bitcoin came down in past months . it can be a great loss for those who invest madly !

Must drop your suggestion !

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

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

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

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

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

This is like a gamble, not an investment.

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

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

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

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

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

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

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

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

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

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

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

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

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

In fact, bitcoin is indeed a promising investment instrument and more profitable than any other investment, but it is not as easy as you think if you do not have accurate knowledge and doing it at the right time is likely to yield good results.
the craziest thing is if you sacrifice what you have and turn all your assets into bitcoins, that is a faux pas that you shouldn't do unless you sacrifice just one or you invest in bitcoins from the profits you already have gradually much better for the risk can be avoided if it is not as expected.

That means the person in your story invested for 3 years, my question is, are you ready to hold your BTC as long as possible, and sell it at the right time, even though you sold all the assets you have? If you hope to be rich because you see the actions of others and risk everything you have, then you must be prepared to be poor because you have nothing.
Because I don't know who you are and how strong your will is, then I personally don't recommend going all in. Invest wisely.

news like that will repeatly appear in the future also. what else in crypto . it all comes back to someone's faith in bitcoin itself. there is still many people believe bitcoin in the future will be much higher than today including me. and perhaps this statement becomes a question on what basis. simply faith of bitcoin and blockchain technolgy. worth it or not you decide . but indeed investing full in one basket is not wise to do.

"Invest on what you can afford to lose"

Stick with this golden rule and you wouldnt  really need any advice or following someone on how they do invest.There are really people who are risk takers and there are people who dont want too risk too much
into the market.Investing all of your assets in one go is really a risky thing but it turns out that bitcoin did really make out some good movement in price which it did really result into huge profits.

Its up to someones risk taking on how much they can put on but of course it will really vary on how much you do invested on.If you are aiming for life changing profits then you would need to put bigger risk.

They obviously hit it big in hindsight, but would you have called that move smart when you've heard it then? Also...


I don't think there's a lot of people who would be into that lifestyle, or would be willing to drop their entire lives for that matter. If you ask me, this probably had a lot to do with wanting to live life on the road, and not just trust in Bitcoin. It's fun to think about, and I'm glad it worked for them, but I imagine they're in a miniscule minority.

I'm glad that their strategy had worked. Otherwise, they might had lose all their assets all for just a single mistake. For me, what they did is totally a very big decision that brings a lot of risk. So i won't suggest doing that as it would make your whole life miserable when things won't work out for you. It's still better to invest only on the amount you can afford to lose, be it small or big.

However, risking your assets is not that bad. At the end of the day, it's your own decision that will prevail. If you lose, you should be ready for its consequences, but if you end up making huge profits, then everything you started is definitely worth the wait.

What they did was absolute madness but at the same time a full faith that bitcoin will go up to multiply their investment. I think it's not advisable to do that, remember that it can't happen to everyone and you don't know what's going to happen to you when you go all in. Invest only what you can afford to lose and life is not a race, take it easy.

Depends on how you see it but I would actually advise that a person must at least invest into cryptocurrency. Its price history is one of those factors that keeps my motivation burning. Even when I see dips on its price, I always look at the price history and its current price.

Now, if a person thinks that investing into BTC is madness, then he/she has really no clue on what cryptocurrencies are. With the fork of BTC happening in a few years from now (following the trend of all forks), its price may skyrocket once again.

Agree, creative guys and crazy geniuses are those who like to take a shortcut beyond the perception of the majority of the crowd, they seem to be in a different dimension and only such things can pressure for them to develop and challenge their current capabilities, some successful geniuses will make their name as legends in that field. Legends are not seasonal produce and vegetables, from small to large, we have separated and distanced ourselves from such people, trying to live as part of them is just suicide, admit such a sad thing to be better at investing

Investing all the money in cryptocurrency is fully madness in my eyes. Because no one can guarantee that any coin price going higher or down. Though Bitcoin is a potential and popular coin but investing all the money in it is not a good decision. But anyone can invest some percent of money in it. Im future it will be give him/her a good profit. But if anyone invest all the money and the price going to down then the person can get a heart attack. So avoid invest madly.

I assume you are asking whether it's beneficial or not to invest all your assets into Bitcoin. Well, I actually would prefer diversifying the assets to safe and "profitable" investment opportunities rather than putting all my  eggs in one basket. Putting all in one basket basically increases risk for the investor even though the investment may be considered safe. We live in an uncertain world, one of the best ways to deal with uncertainty is to diversify or decentralized just in incase one part has issue you can depend on other parts.

Putting all eggs in one basket could be considered gambling or taking big risk.

Upon deciding whether you will invest all of your assets in bitcoin, you should first take consideration of the time and the current price of it. If you don't want it to go to waste, then make sure you invest while the price is still low. It will only be beneficial if you know the right timing with regards to buying and selling. You cannot just randomly decide that you want to invest in bitcoin, see the news first, read articles about bitcoin's price changes and then make up a decision whether it will be beneficial if you'll invest at that time or it will only make you lose a lot of money.

I won't agree with those who sell all the assets to invest in Bitcoin. I always prefer to invest the amount only you can afford the loss. This isn't only investing in Bitcoin at all, investing all the assets in Bitcoin means you are gambling with your life. We can't and shouldn't expect always an uptrend Bitcoin price. We don't know what would happen after a few months or years. Taking a loan and selling everything to invest in Bitcoin is extremely high risk and madness as well. This time he gained, but if others follow him they wouldn't be lucky enough of this guy.

First and foremost, you should not invest like someone else, you should take/make your own decisions in the crypto network via carrying out your own research, that's the only way you can invest right, if you invest only cause someone did and make ROI, you are most likely to lose your funds. Having said that, you really should not be selling properties or taking loans to invest in Bitcoin, it could pay of, but it's way too risky and irrational, you should only invest with your money, and with an amount of your money you wouldn't mind losing, Bitcoin is not a get rich quick asset, and it's ROI is usually in the long run, and it's always good to have that at the back of your mind as you invest.

A lot of newcomers have the notion that getting into crypto is the easy way to get rich. But come to find out, that there's no easy way to gain huge profits. In this market, it is always better to invest what you can afford to lose because of its nature. Not all traders know what they are doing at the beginning of their journey here. Usually a lot have high hopes to get high returns at short period of time.

I thought it was stupid to do that ...back then...and I still think it is stupid to do it. I do not mind if they bought at $19 000 and the price skyrocketted to $60 000... it is still a life changing risk to go all in. The Bitcoin price could have collapsed and then they would have lost everything they owned.

Also, you do not go all in when you have a family to feed. I always tell people to have a balanced portfolio and never to go all in with any single investment. Just manage the risk to take a small portion of your disposable money ...and invest that into a high risk technology like this.

I thought investing in Bitcoin slowly was the ideal before, but I'm changing my opinion because to invest only small amounts in Bitcoin was a big mistake! I should have sold everything I had and put all my money in Bitcoin that I wouldn't regret later. I just did the opposite and now I regret a lot for that. Sometimes not risking money is worse than risking it.

But it's not totally over yet. I believe Bitcoin is going to hit at least 100,000$ by next year, so it can be still a life changer. If I was adopting crypto currency right now I wouldn't mind in investing all my funds in Bitcoin. That is a calculated risk considering how many people are focused on it, especially the wealthiest men in the world. There is something really special in Bitcoin, otherwise these people wouldn't give any importance at all.

You'll only know if it's cheap if you have already invested, your basis is the value you purchase and as an investor, you always make your own target profit so you can make a plan on when to sell your holding. Try to analyze the market and its future, if you believe that bitcoin will reach $1 million one day, then buying at $48k is very cheap already.

That family has a great risk appetite for selling all their asset and convert it to Bitcoin. I don't know if it's true or you're just exaggerating, but the most appropriate way to manage your investment is to put money what you can afford to lose.
That family may have earned a very huge profit, but I won't recommend it to anyone who starting to invest in cryptocurrency to go all in.
When Bitcoin experienced a sharp correction, it cannot be considered as loss IF you're not selling anything.

For people who dare to take risks, they really regret not selling all their assets to buy Bitcoin. Because Bitcoin always goes up in price, so we can imagine
when we sold everything to buy Bitcoin in the previous year, maybe today is already rich. As I said, this applies to people who are willing to take risks.
For people who are cautious and always looking to be safe when investing in Bitcoin, investing slowly in Bitcoin is still the ideal thing to do. Indeed,
the profit generated is not too large, but minimizing risk is a very good thing to do. So back to each of us, what kind of investors do we want to be?

Maybe share a link to this report, if still available? That story seems too crazy to be true, might be fake. Although, people do crazy stuff in chase of money.

What can I say, that’s a very risky move and I wouldn’t suggest anyone do the same. Yes, Bitcoin has great potentials day it is a wise investment, but to sell all assets? Just from the probability point of view, that’s irrational. Anything can happen, and in such a case, you’d lose everything. Invest a part, a half, heck, invest 75% of what you own, but leave at least something as a reserve.

Always keep in mind that investing means that we are willing to have additional money from the profits, save our free money, and also be ready with the investment itself if someday it will lose forever. 'that si why I personally will never put all my assets into Bitcoin. Although I love Bitcoin and I know the worth of Bitcoin, and I also know how we can get very big profits from Bitcoin, it doesn't mean to put that high risk to put all assets into Bitcoin. Because I really cannot afford if those will lose someday.
However, it may be different from that family thought. They may have been ready with all risks. And they re sure enough with the investment. WIth that kind of investment, I am pretty sure that they have taken the profits but are still ongoing for further investment.
Money management is very important here, and I am sure that the family also has done the money and risk management, not only taking that high risk.

This is a case of one putting all their eggs in one basket, though may seem beneficial, but is relatively dangerous and unadvisable because you may loose everything at a go. What some smart investors will tell you is to diversify, that is spread your money into different good investments which is better.

With all due respect to those who encourage others to do risky things for the sake of Bitcoin, I think I don't agree. The likes of Michael Saylor, for example, would even nudge others to sell their house or take a loan for Bitcoin. I don't share such confidence.

Having said this, I don't think we should invest the way this family does. I'm personally against going all-in in whatever investment. I'm in favor of investing only what you can afford to lose and that your investment should be diversified. This is a world of uncertainty. Everything's possible.

It is crazy to invest all the assets. I will not invest all my assets, I admit that I am timid. ;D
But investing in all assets and reaping profits may be able to live my life forever.
It takes courage to invest, but also to think about the consequences.
Because we still have daily life. Can't take it all to gamble.

We do all believe that it is always a good choice to diversify your asset in other basket rather than putting it in one though for me investing in bitcoin was and always a wise decision it is most common cryptocurrency and so far the most profitable token but putting all your asset I think is not advisable. And also before deciding to put all your money in such investment make sure that you have already educate yourself about it plus don't ever forget the favorite quote of everyone "take only the amount that you afford to lose".

I have my doubts when I comes across articles like these. Without verifiable information, the article may have been misinterpreted or simply faked. Please dont be so gullible as to believe everything you see on the internet. Someone buying bitcoin at high without doing basic chart checking is a fool.

Amount is irrelevant, since you can buy bitcoin upto eight decimal places. What is relevant is the point of entry. This needs some analysis on investor's part to choose which points are low enough to buy.

Only if you have bought at high prices. Lack of knowledge and lack of prior experience in other speculative asset trading like stocks commodities etc leads to such mistakes.

Buying at the wrong point is a mistake, not madness. Either they have been FOMOed or they have been foolish enough. Again putting all assets into one investment is also a foolish mistake.

if you know where bitcoin price will gonna go perhaps its a good decision to put all in. But if not you should be aware about the circumstances in the future , wherein you need to keep updated to any news about bitcoin, i mean very often so that you can make a new strategy for it in order to save your profits no matter what happen to the market,
For me it's very important even you invested for long term because market nowadays is relying whats new will occurred in the internet.. So if you let your money flow without any specific information how long will last the uptrend in the market of course there no way you can dump in the right time and you will end losses.. So bear in mind to keep monitoring your investment especially news, so that you know what's a good decision to make if ever there's a bad situation and etc.

Any investment has risks. Investment should consider the possibility of risk loss and make a wise investment.

Although Bitcoin is a valuable cryptocurrency investment, it is more profitable than any other investment, but investing all assets in Bitcoin means gambling, and no one can guarantee that the price of Bitcoin will rise or fall.

Investing all funds in a risk that will increase the investor's risk, invest in an amount that you can afford to lose.

It is not advisable to invest all funds in Bitcoin. Any cryptocurrency is risky.

Although Bitcoin is a high-value cryptocurrency with great potential, it also has certain risks due to the high price volatility. 

Investment is a long-term business, and you should invest within your own risk tolerance. If there is no accurate knowledge and correct investment strategy, there may be greater losses.

one thing you have to realize, as long as the person does not sell his/her Bitcoin then he/she will never lose
Bitcoin price is very volatile, tomorrow you can see it at $30k but 2 days later it can be at $60k

last February, I bought Bitcoin at a price of $40k, when the price of Bitcoin fell to $29k I didn't sell it, it's proven that now Bitcoin is up again and I have made a profit

"you have nothing to lose as long as you don't sell because rest assured the price of Bitcoin will go up"

I don't think selling all our assets for Bitcoin would be worth it. When it comes to crypto investment, we should only invest what we could afford to lose since the market is too volatile. No matter how long we hold, there's still no assurance of a good profit so we shouldn't risk all our assets on it. As for me, our savings would be good for investment as long as we're ready to face the consequences of crypto investment.

Yes, that will be too risky if we use all of our money to invest in bitcoin.
Besides that, we still need fiat currency for our daily lives so it will not be good if we decide that.
We need to be smart to allocate our money to invest in bitcoin because if we can do that, I am sure that in the future, we will make a lot of profit from bitcoin, which means we will have a chance to make big money.
Maybe we need to have a plan before investing in bitcoin and sticking to our plan while we continue to survive day by day.
It needs to manage our money to our lives so we can have a chance to have a better life in the future.

So if I sold all my assets to invest in bitcoin in 2018… I could be rich.  Lol, any type of business has minimal risk.  For example, you buy a piece of land in the suburbs and 5 - 10 years later the city, you will have a profit, x2 - x3 for that land.  But if on the contrary, after 20 years, you can issue it for the same purchase price.  ok, bitcoin too, never invest all your assets in any one type, be a mature man and always stand your ground.  There are many other opportunities here and think of loved ones, family, children who are in need of your care and attention. So don't be crazy just to try to do so!

I am sure they were able to afford it, which is why they sold all their "assets" and put it all in bitcoin. In the end it did work out for them, right? If they were able hold for 2 years, I am guessing they were already financially stable. Got good returns, this is what matters. If they are smart, they would just take half profit, and keep the rest invested.
The market dip wasn't a "great shock" to anyone. Everyone was expecting the price to fall down a little. You can't expect the price to keep on going up.
If you can afford losses, then sure why not?

I don't know what's making people do these choices, just look at the price of bitcoin already, I think it's enough proof that investing in it for the long-term is beneficial, although I won't advice putting all your money like what these family did because it might not happen to you.

I would vote for absolute madness because that's counter to the principle of invest on what you can afford to lose and that family just did the opposite, I know that they will get the profits in the long-term but they still have to survive before that happens and it's going to take a long before that can happen.

See all your cryptocurrencies just thinking nothing but silly investing in bitcoin. If you are very interested then you can choose the top ten in the coin market. All of these Coins are profitable enough for long-term investment.

They always say that you just have to invest what you can afford to lose. But when the time comes that the value of Bitcoin goes high as $64K, they'd wish they give it all by selling their cows and acres of land. That's madness because the opportunity had passed already.

For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

with all your assets, investing in bitcoin is really crazy or profitable,?? Personally, I think this might be too much, because we are too obsessed with finding wealth in an instant, actually we know bitcoin is an investment in the future, if all our assets are stored in bitcoin, we have no more capital for other businesses, if we succeed, it is certain profitable but if we are impatient, and suddenly we need urgent money, of course we will sell our bitcoins, even though the price is dropping, we still have to sell them, because of urgent needs, personally I do not dare to put all my assets in bitcoin, I I will only put part of the treasure that I have..

Long-term investment will be more profitable. it takes extra patience to be able to achieve the desired target. Investing what you can afford to lose is something to watch out for. don't use the money you use to survive.

Don't be lulled by the bitcoin prices that are already above. FOMO will provide pain that will last a long time and considerable losses. make a purchase if the price is already below.
to determine when to enter and exit it requires trading knowledge. learning trading knowledge will be very useful and provide certainty of what to do.

There were many that took the risk and sold everything and invested in Bitcoin and that is a risk majority will not undertake and if they are smart enough to sell at the top then they can make a fortune that they will not be making in any other financial market. Everyone knew that the price would rally but huge respect to those who jumped risking everything as i wont be doing the same.

With all of my assets? There is no way that I'm doing such thing. It's just madness, trust me. We always say that you should make an investment which you can afford only. You shouldn't be too unhappy if you lose your money. That's what I mean by saying that you can afford. If you invest all your funds into Bitcoin and it starts going down sharply, you will lose incredible amount of money. Trust me, it is not worth taking this insane risk.

Seriously you selling your property and investing in bitcoin or any other altcoin is a very bad Idea but I believe if you are having money is not necessary is a hug amount if money just little is O. K then you can invest and forget about the coin for long time but I think is wrong for you to sell your property or taking loan to invest in Cryptocurrency is very bad.

We have our own style of investing and if you think that selling everything will find yourself suitable with the lifestyle that you have to adjust, it is going to depend how you're living your life.
But just because others can invest wholly in bitcoin, are you sure that you can do that to yourself as well? Find the most suitable investing style that you can for bitcoin. There's an easier way of doing it like dollar cost averaging.

basically bitcoin investment is a promising and profitable investment if we can manage our own assets well. we have to understand that the crypto market is up and down and we can learn from it. selling bitcoin at a high price is good but it doesn't mean having to sell all the assets and then just leave it without continuing because the bitcoin investment will continue. if we are stuck and stop in there, namely by selling all assets, then we will only get a moment's profit. but if we can rotate the asset well then it will be more profitable.

Investing in bitcoin  is risky even with a small amount so how much more if you will sell all of your assets for bitcoin. This must have been a big decision making as it will leave your family into hunger once this investment will not work. So i suggest to invest only on your extra money so you won't have to worry much once your investment will suddenly fall. It's okay if you just buy a portion of bitcoin and once you  make profits from it, increase your funds for your bitcoin allocation.

Perhaps the US family might have been living in luxury right now after they made huge profits from bitcoin. But i can't imagine if their decision ends up into failure, they might blame bitcoin for all of their losses and sacrifices. That's the time that i should want to avoid as much as i can.

If I were to put all my assets into Bitcoin I would definitely let a doctor put me into coma and tell him that he should only wake me up if Bitcoin hits my target! :D

I am sure that some people grinded hard on Bitcoin with a lot more than they could afford to lose. Winning big that way is certainly a pleasing feeling, but it can also let you age five times faster if things do not go according to plan or not as fast as you would have liked. An all in during the crypto winter in 2018 would have got you in some serios mental trouble. In the end it also depends on your circumstances in life and whether you have family who could suffer from it and so on. Keep it safe or at least not too risky.

You are fool enough if you will invest all your assets in investment that you don't understand and trust .
because for me this is stupidity .

the family invest in bitcoin because they trust the market and they even care holding till the right time to take the profit.

so in here that thing you mentioned about dumping wont cause anything because they are willing to keep waiting and not to care about dumping moment but pure pumping season.

Investing in crypto is very risky there's no guarantee if we're going to earn from it. So the real question is, how much are you willing to risk that its not a pain even you lose it? We have our own way of thinking and there's no need to follow other people's strategy just because they gain huge and lucky that the price reached its peak.

It takes a lot of guts to risk all your assets in bitcoin because worse situation is also possible to happen, so it depends on our trust for bitcoin. Investing with small amount is not bad, its just that its the only amount that you're willing to risk and there's nothing wrong with that.

It's because that family is patient and probably knows how the market in cryptocurrency works. In 2019, the marketcap of almost all the coins are insignificant compared to marketcap of the stocks in that year. If you compare them, you could see that cryptocurrencies at that time are much cheaper and could potentially yields a good amount of profit in the future. To be honest, it's not too late to invest right now, as long as you hold long term and can afford to lose the money that you invested in. Look at the marketcaps of the coins today, it's still cheap.

We don't have to hesitate or be inconsistent when investing in Bitcoin, price movements do often experience a downward phase, but there's no need to worry or be afraid, opportunities are still open for long-term investments. Let's thinking about Bitcoin from time to time has proven price movements that tend to increase from year to year because its popularity is very well supported, what's in doubt? we just need to be patient.
I am one of those people who had been successfully invested from 2017 until now I have sold several and have made a very high profit.
Regarding the amount of investment, I think it's better if we don't force ourselves and do invest as much as we can and be smarter in managing our finances.

I once remembered a sentence: All great investments begin in disturbing circumstances. The risks of investing in cryptocurrencies are well known, and investing in all assets is really crazy.
First of all, I can't be so decisive, there are only a few people in this world. He is brave and admirable. It is worth it to get such a considerable benefit. His ability to withstand psychological and external pressures to persist for two years is also the difference between him and me.

I think this is crazy enough. Such people make decisions very decisively and have a very high psychological quality. They are very suitable for investment and will not be affected by emotions.
Everyone has different investment methods or experience. Choose the one that suits you best. Don't imitate others blindly. After all, these are the few that are successful, and the unsuccessful make up the majority. Therefore, start investing as much as possible and do your best.

One of the earliest things I learnt about investing in bitcoin is that one should only invest the amount of money one can afford to lose. As profitable as investing in bitcoin is over the time, there are usually dumps in the shorter time frame which may result in loss for an investor.
I wouldn't advise that you sell all your assets to invest in Bitcoin. Invest in Bitcoin, alright but don't invest all your assets.

Because it is true. Not everyone has two jobs that can do more than the sustainable level as you and just directly investing to crypto would lead some people to have their emotions. It is not about being pessimistic about the price, but it is all about one's wise decision in investing. You never want your car sold only to invest it all in crypto thinking that you'll just earn a lot within a week, like those 80x that people claim at social media which are lies lies lies.

It's never too late to buy, just don't commit it all to crypto especially Bitcoin, plus you're not even obliged to buy a whole coin.

Bitcoin investment can be started at any time as long as we have more money that we don't know what the destination is for, rather than the money being idle indeed investing in bitcoin is more profitable as long as we are patient waiting for the bullrun to occur. Many people are afraid to buy because the price is getting higher, but they will be disappointed when the price goes higher

It reminds me of Warren buffet famous quote that Invest as much as you can afford to lose.
If you can afford to lose all your assets then go ahead n invest everything.
In my opinion, I will prefer to invest some of my savings in btc when it's down n out. Not at current high price.

I am not mad to invest all my assets for buying Bitcoin. Though there may be chance to be rich, i can't be rich in few nights. I have to wait for long time so that bitcoin go to that level or have to invest in the down trend so whenever it picks the up trend, i can have the profit. Again, Bitcoin are not stable at all. So there is 50-50 chance to have the profit

Anyone should understand that bitcoin and crypto with risks.  Therefore, I will not and will not advise my friends to invest all their assets in bitcoin.  Although, bitcoin has the property of turning that risk into opportunity and big profit, but we should invest wisely by keeping or reducing one-time spending for backup or cumulative purchase.  , optimizing diversity, for example.  It ensures good balance.

What that family did is madness.

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

NO, I'll not do that - I only invest what I can afford, that way I can sleep at night!

Any investment must invest appropriate funds within the scope of risk tolerance, and make a wise investment.
With the development of cryptocurrency under the digital trend, bitcoin has become a more popular investment. But using all the funds to invest in Bitcoin has a great risk and needs to bear greater losses. The correct investment strategy should be made to diversify investment, invest in different cryptocurrencies to obtain safe and profitable investment opportunities, and reduce risk losses.

Any cryptocurrency is risky and all investments should be within their own limits, should not be made excessive capital investment .

Although Bitcoin is the currency with the longest history of development and value among the cryptocurrencies, but its price fluctuates greatly and it is highly risky. No one can predict the future price trend of Bitcoin with precision, so should make careful analysis and investment .

Every decision has positive and negative consequences, including investing. Sources of advice or inspiration are not only limited to those who have succeeded, we need to learn from the experiences of those who fail to invest. From here we will have a strong reason and know which one you should do.

However, whatever the reasons people in the Op story are not justified. I don't see it as an investment but a desperate family trying their luck.

why not the right time? Of course investing in bitcoin at this time is a very good time because bitcoin price increases are more significant and will reach new ATH. You have also said that currently the price of bitcoin is still cheap and this is an opportunity to enter. if you only trade on margin you don't care how expensive or cheap bitcoin is, you are just profiting from every trade.

Long-term investment in bitcoin provides great returns when you choose the right timing. Invest what you can afford, don't force it.

We don't need to contemplate over this question. The answer is really simple. It is just madness to make an investment with all of your savings. It is always recommended for the new investors that they shouldn't even think about doing such thing. Never make an investment which you cannot make up for later. You can lose a great deal of money and it could affect you psychologically deeply also.

It doesnt really matter if you do buy it cheaper or expensive because it wouldnt really be that proportional into its actual value. It is really mattering on the demand of the entire community.
Bitcoin wouldnt really be stable because it would be always in the moving behavior because not only investors are on this market but also those retail or big traders out there
which means the movement of price would really be coming into different angles so it isnt really that ideal to presume that it would be no movement at all.
Invest on the amount you can afford to lose because nothing would really be guaranteed.

That's a proven tactic and investing technique that's easy to do. But people are still not learning from the experience of early bitcoin investors and only looks to the volatility of it.
While they're still in doubt of investing, those who have invested earlier were already making a huge return on it already.

Just invest responsibly. Make sure you are you investing the amount you can afford to lose. Crypto coins are very risky as an investment because there are no guarantees if you will be profitable or might only lose in the end so as much as possible, never put all your assets into crypto investment.

Investments have definitely risks along with them. It's a brave act to take the risk but if you are putting your whole assets in just a single investment, then it might ruin your whole life once the result is not on your side. So think a million times. Investments are good but definitely not worth to rely on it fully.

It is pure madness, nothing more.  ;D  You must be really crazy and unhappy with your life to invest all of your money into Bitcoin or any other cryptocurrencies. This market and Bitcoin also are highly volatile as you should have already known. We have no idea about what will happen and when it will happen. We just track the movements of Bitcoin and make guesses about it. You will be making an investment for a long time period I guess. You can make a lot of profit of course but there is no guarantee. Maybe Bitcoin will go down sharply and won't be able to recover for a very long time. And you will have enormous problems as you already invested all of your money.

Going all in on something and putting all your money on it is always a bad idea even if it s a good investment, if you are investing all of your money and gimbaling on the fact that the prices are going to go up in the short term than you might lose it all, but if you are going for long term investment which means that you are not investing all your life's worth than you will defiantly find yourself at a profit, the crypto market is unpredictable and you should always invest what you can afford to lose.

That family must have an a backup or something to fall back to cause I can't imagine selling all my assets and investing everything in bitcoin, the risk was really high, but looking back now it was worth it cause they will probably have x3 or x4 of whatever amount of money they invested into bitcoin, but i don't suggest anyone should this out now, rather just invest only what you can afford to lose, don't go all in like they did except you believe bitcoin will go past $100k in the future.

So far, it offers and gives me more beneficial than madness. Because I have been ready with this investment and I know the worth of Bitcoin investment.
However, I am not the kind of family that sold their all assets to invest in Bitcoin. I am not that kind of bravery.  ;D
Because however worthy and promising, risking myself and my family into something that is very risky is not my path.

If they have a backup for their life, it will be better, however, if it is not, that is very risky. Although yeah we know that the results and profits may be big enough, and they may have multiple times of their wealth. But once again, they are very brave and a very high-risk taker.

They should really have back up plans because if they do go all in and market had dumped down then they would be fucked up but if the market tends to rise even more then that would really be a great fortune.

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

on things that they might experience if bad or unfortunate things do happen. So they should really be thinking of careful and be prepared on whats ahead.

Like we all know that investing in Bitcoin has it own risk but if you are up to the task, then you can decide to take the risks that is involved. Much persons are very good in taking risks in business while some are not, so we'll have to measure our risk taking in business before copying another person that knows the motive behind his actions. If you feel like taking the same risk like the person that sold all his assets just to accumulate Bitcoin, well it's good but we'll have to be certain about the degree of risks we are taking before anchoring unto it.

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

Investing all the income in bitcoin could also result, you always have to see the investment in bicoin with the condition that it is long-term.
Because you will not sell your bitcoin and therefore you will not lose, you will only sell what you need for your daily needs.

They are very lucky that they invested their money at the best and perfect timing that they get a lot of profits but as of now, i guess that t
is not the best idea. Maybe I will invest in BTC but not all my assets.

Users in the crypto market know that crypto investment is risky, and the risk of investing all funds is great.
Although the more funds invested in Bitcoin, the more profits will be made as its price rises, but the unstable price of Bitcoin also carries great risks. Bitcoin must be sold when the price drops and funds happen to be needed, which will cause great economic losses.

- The philosophy of life is a series of betting games from low to high, we as a player stand in front of many games, recklessness makes us aware of opportunities and if someone is already perfect in such recklessness, it is not bad for us to become a second name, this philosophy means whether we can give up everything for a primitive life regardless of the biggest stumbles or not. Many people guessed the event as a bad and imperfect idea but the result has once again erased tradition and disparagement, can't evaluate this idea, it's easy to make others miss their chance

crypto market is unpredictable, if all the assets you own and you invest are all in bitcoin, I think you are really crazy, investing in bitcoin is good, but we must have a plan b, to be able to help our finances, because if we have other businesses we will never be afraid if the price of bitcoin goes down, because we still have other businesses, to help our finances..

with all your assets, investing in bitcoin is really crazy or profitable,, if we put all the eggs in one basket, I think we have taken a very big risk, because we all know the market is never stable, if the price is high you can say successful, because you can make a profit, but we also have to be ready, if the price goes down you will definitely experience a loss,, at least we have to have another business to help our finances..

Investing completely in Cryptocurrency assets is a very bold decision, it will only be done by the truly  have a smart calculation people.
The fluctuating value of Cryptocurrency can make us rich, but it can also make us poor.  
I personally didn't dare to do that, and only invested part of the treasure I had here.  
And for the people who are here, I don't recommend this because it has a big risk, you can lose your assets.

maybe investing in the bitcoin world is very good because it is long term but to put all the assets we have in bitcoin under the pretext of profits that are so crazy for me right now is not the right time, considering bitcoin is still settling at a price that is too low so we will not feel benefited by the price, because for me it is better to buy at a high price I will put all my assets in bitcoin, if the price has started to rise

Investing in bitcoin is the best thing I’ve ever done. It’s a deflationary asset with a halving every 4 years. It’s designed to go up forever. Buy bitcoin, ignore it for 10-15 years & be rich.

I love to invest as much as I can man. But other commitments are really stopping me to completely focus on Bitcoin. Yes, monthly commitments are being the prior things to look at as of now rather than investing all in either bitcoin or on any other crypto currency on trading. But for those who have money more than whats required for their commitments, then yes, they are much free in investing all they can. 

In spite of that, Bitcoin was an innovative technology with loads of potential, selling all one's assets and invested them in Bitcoin is still madness because investment advice in every setting is to always invest the amount you can afford to loose and someone decide to go extra then it a sign of greed.
Following the footstep of this kind of people is not advisable and it always good to do your own research than using others investment decision.

Before investing in bitcoin, make sure first that we are able to understand the market so that we can handle it when the market is down so as not to panic. we know that investing in bitcoin can be very profitable if we can manage our assets properly and not rush into making a decision regarding the assets that owned, because if not with careful thought then it can be misleading. therefore it is important for us before investing in bitcoin to really understand the market and if we are still in doubt we can start with a little capital first to practice and hone skills.

Basic thing who want to make investment, always use free money. If must sell assets, maybe sell assets that which be used as investment, not sell assets that all we have include what we use as daily. Like maybe money for example, because if use all money and then investment is being bad, we can't do anything about it. And that can cause big loss for us especially when unexpected thing happen.

It is of course madness. You should never invest all of your money into Bitcoin or any other cryptocurrency. Even if you see that someone is doing it, don't care about it. He/she will be the one who is taking an enormous risk. You should always invest an amount which will not be a big deal for you if you lose some or all of it. This is one of the essential rules for the investors.

This is crazy. This is something I will never be able to do. I take the risk of losing all of my investments. It’s not too risky. I can’t take such a risk. I’m not sure. I don’t want to take risks with so many years of hard work. If I fail, I Can't face my family.

depends on us if we are also crazy like them or can afford to loose if all didnt go in the plan  but for the majority i think that they can still think the normal way or have a lesser guts than the family in your story so they probably invest less .
 we can still earn good in bitcoin as long as we are going to tighten our patience and if we manage our emotions verry well but congrats to that family if they still have thier btc , they deserve the profit that they will be getting.

I saw a news and interview about a family with the same issue as mentioned, they sell their asset that they bought at low price and sell it recently.

For me, if you have a stable job and steady income you should invest your spare money in buying btc. Even though the price is unstable, your funds is still there and if time come that you need the money you can easily cash it out for your own use. However, due to the current state of btc and without further research about crypto, you may panic sell but if you trust yourself and the potential of it then it is good for you.
Overall it is beneficial not only that you save your asset for future purposes but also the potential of it to grow is in good sight.

If we plan to invest in the long term and have great patience, then there is no harm in trying to invest as they did, considering the supply of bitcoin is very limited it is very possible in the future bitcoin will have a higher price and provide opportunities for investors to earn greater profits in the future.

Of course this would seem like a crazy idea if we put all our funds into bitcoin investments for the short term, because basically the characteristics of bitcoin are certainly very volatile in the short term so it can pose a big risk for us, so I think if we really want to put all funds then buy bitcoin and invest bitcoin into long term at least for decades.

It seems to me that doing crazy things sometimes produces very unexpected results, selling assets or valuables to invest in bitcoin is not a crazy idea in my opinion, on the grounds that you still have other income or reserve funds when you invest.
What's important is that you do it based on sufficient knowledge and analysis to convince you, like a big investor for example, no big investor will invest large sums of money even sacrificing one valuable asset or another to invest in bitcoin.
because they believe bitcoin for the long term will provide satisfactory returns as it has in the last 10 years.
unless you don't believe in bitcoin better just ignore it, and I personally believe in it.

It is not really advisable to sell all of your asset and put it all in BTC because the market in crypto is super volatile wherein it could be new all time high or the other way around which is a nightmare for all investor including traders. It doesn't mean it worked for them, it will worked for everyone. So just invest what you can afford to lose , BTC could crash anytime just like on what happened few months ago and if you're not mentally prepared then don't do it.

This is so crazy and its like suicide if people will do that since imagine how big the risk we might get for certain movements of bitcoins, also we might lose a value for the volatility so for sure once people see that price decrease on their asset then they might get panic and dump so for sure they will get in trouble for doing this that's why its not really advisable to do this things since we might get broke instead of aiming to get wealthy and spend only what we can afford to lose this is always advice here so hopefully newbies will listen.

One can never reiterate how important it is to diversify your assets instead of putting all your eggs in one basket. Yes one might say bitcoin is very profitable today and would pump to millions in the future but you gotta understand that within that timeframe you would need to earn money too, otherwise why would you put your money to crypto when you can just put it in the bank if you'll let it be a sitting duck? Be dynamic, learn to choose between assets and which one to pick for long-term holding and day trading, that way you can secure profits. An ambitious move yes, but as long as he has some sort of backup plan behind all of this in the event that he does go balls deep on bitcoin and loses a considerable amount of his investments, he should be off the streets. But if he doesn't have these plans and is going all-in on bitcoin because of the promise of profit, then it's much better to advise him to do the opposite and invest on multiple assets because bitcoin does pay, but the long amount of time it takes for the profit to come in will definitely leave you penniless and homeless, if you were to invest all of your assets that is.

We already know that crypto is a highly volatile market so there’s nothing unexpected in these price fluctuations. I believe that bitcoin is a long play, if we look with a wider perspective these fluctuations don't matter in the long run.

in my opinion investing all your asset in bitcoin is madness, especially if you are not filthy rich. because bitcoin's market is volatile meaning it is always changing and is prone to losses. if you are to invest your assets into bitcoin, make sure that you will save some for other investments and also some for yourself so just incase that if your bitcoin investment fails then you will have fallbacks and will not lose a huge amount of money.

This is bold and beneficial. As long as you are proficient in investing, you invest all your money and you get more money. But if you are still a novice investor, don't invest all your money. You need to have the remaining money for daily payment and consumption. It is troublesome for you to exchange money for something that requires funds. You can invest a lot of money, but leave a portion of it for daily life.

It's madness but at the same time is admirable because bitcoin is known for it's volatility and I don't think that investing it in an all-in isn't the right thing because you never know what's going to happen next.

Invest only what you can afford to lose. Do not be greedy and end up in regrets. Maybe the family could afford the loss, maybe they had some other money somewhere. I think it is actual madness to invest every single thing you have (whether you are investing in Bitcoin or something else). Also, in as much as the family made great gains, they could make great loss! So imagine making a great loss when all your money is involved.

I may take out most of my money to invest, now it is. I like to buy a bit currency. I have money, I will invest in Bitcoin, and some cottage coins. I think investment encrypted currencies is relatively simple than investment real estate.

Selling all your assets to invest in Bitcoin? Then you’re not applying proper risk management. Of course you can make a whole lot of profit when it goes up but what happens when it drops immediately after you use all your assets to buy it? Good advise: Invest what you can afford to lose. Don’t just put all your assets in one place, diversify.

both can happen, namely the risk as well as the benefits. all that we will get depending on how we invest in it. It should be underlined that selling all assets owned to invest is a big risk. many people are greedy and also want to make a quick profit, even though many are not too familiar with bitcoin investment. bitcoin can be crazy for people who really can't follow the flow of the crypto market, too hasty and reckless are some of the reasons someone experiences losses.

Some did that, it was a big sacrifice on their side but look, they multiplied their finds more than twice during Bullrun. That certainly be madness but the results are good and not regretful. Maybe if they sell all their assets and put them into the wrong investment, that certainly sounds crazy but as they invest into the thing that really has the proven positive results, it all be the right decision had made. That is totally a risky decision but it was the willingness, ain't that a problem anymore. Perhaps, these people had trust towards Bitcoin and so they did this.

I believe in trading and i also believe in bitcoin and also believe that i can gain a lot with bitcoin but I will not invest all of my asset with it because i am not that good when it comes to trading. Maybe i will just invest a part of my asset but not to the last part of it.

The details on the family and their crypto journey is just too sketchy to draw any conclusion. On the other hand, if you read through several posts in this forum, you will find the answer to your question. There's more buying, trading bitcoin than meets the eye. One needs to develop both soft skills and hard skills to survive in the cryptocurrency space. You need a special kind of skill which is to learn from the mistakes of others so you don't become a statistic. 

We usually think about risk when it comes to investment and think about selling all the assets for this sake, I can't really imagine that thing but to wonder why some actually doing this. That it looks madness but somehow, they get what they want and know that investing in Bitcoin is profiting and these people had taken the high risk more than the others can do.
This is just like committing a loan, it is all the same and I don't stop them if that only the purpose unless if they use it for gambling. But as they wanted to grow their money more through investing, that seems a good idea IMO.

Bitcoin is a profitable cryptocurrency. Although you can get a lot of profits by investing in bitcoin, there are great risks in investing all your funds in bitcoin. The crypto market is very unstable. The price of bitcoin fluctuates greatly. When the price drops, the invested capital will lose money. At this time, it is also vulnerable to the influence of market sentiment to make wrong decisions. So don't use all the funds to invest in bitcoin.

Money is not the most important thing in my life, it is not my main concern. I am just looking for happy life, but I still need money. I don't invest all of my money in bitcoin but I just invest some of it. For me it is enough because I can earn more than 100% profit every 3-6 month, I think it still okay. I want to build my own company, so I can contribute to the country economy.

You can start with small investment as it is the best way and it is implemented by many. Taking oine step at a time is what I believe. Invest and then analyse, observe your investment. Talking about bitcoin we dont know what will happen in the future. It is afterall a digital currency. It is not developed by the governing body of any country as far as I am aware.
<a href="https://qfinancialadvisors.com/can-bitcoin-reach-one-million-updates/">Bitcoin</a>

 It was great that the family earned huge profits and took that amount of risk. However, I think that investing all your assets in one basket isn’t that much of a great idea, since if by chance you face loss then all your assets will be finished in one go.

I call it gambling. many categories such as stocks, gold, real estate, Bitcoin, investment for relationships, investment for self and consumption for family.
That's the wise use of money. Using all assets to go into Bitcoin is not a very good option. Using it for self-investment and relationships can help you make more money. That will always be a smart investment.

I invested money coz I know that it was beneficial and I really get some since the day I put my money in here. But never in my mind that I put everything I have in investment, no, that certainly madness and I think it was a wrong decision been made. People should know the risk we have in investing in crypto and since not all had success, we can't be sure as well that we can make ourselves then.

So, before investing we are already aware of the consequences that we might get from here. If that you feel it was beneficial, then just take but if you are not sure, you'll supposed not to try otherwise.

Person with normal mind will never do this as he put all his money in one place because surely it's big gamble, and he could be on road if something serious happen to him mostly peoples invest just half or 1/3 of their investment even it's very profitable because all investments risky, and you must be prepared to be poor.

Let's think about bitcoin time has proven price increase year by year its popularity is increased but still we need some good patience. Bitcoin investment can be started any time as long as we have money to invest and can afford to lost.

invest by investing all assets in crypto I think it's crazy, even though I get 100x profit, I personally think more deeply, because bitcoin doesn't always go up there will definitely be a correction and maybe the movement will go up slowly,
invest properly and as much as you can, because greed will lead you to the gates of financial ruin

sometimes taking risk depends on your level of conviction, i feel thats why these people can go this extra mile and do the seemingly impossible. its not a must to start from their level, you can start little and grow your holding but never invest what you cant afford to lose most especially because you might not be able to wait enough for recovery or profit if worst scenarios happens.

What the family did was really very risky and is unacceptable because if things happen not from what they are expecting, they will experience the worst scenarios and might end up see them living in the streets. But i don't think they will take the risk without having a good opportunity to invest. Its clear that they are putting their big faith in bitcoin and really hopeful that after long term of holding, all their hardworks will paid off. And yes, it did really happen. They were able to end up finding huge profits. Faith and determination really matters as long as you know you are on the right investment, even if that decision was totally a big mistake from the eyes of other investors.

I use most of my money to invest in Bitcoin. Will not invest all the money. Investment is a very risky thing. If I store all my money in Bitcoin and use Bitcoin for payment in the future, I will try. We should be responsible to our family and to our money. Investment is to have a strong mentality. I don't want to lose my will to life because of investment failure.

As long as it's not borrowed money, then both daily trading or buying and holding big coins are profitable opportunities and don't pass it up "when people are still talking about crypto, bitcoin,...while forums, communities that still attract tens of thousands of people to join and discuss."
On the one hand, basically for savvy investors, surfing is a "earned" channel.
On the other hand, if you don't understand it yet, you should make a small investment to gain experience.
However, given the nature of a speculative asset, Bitcoin's price increase is not for the faint of heart.
But the coin always has two sides, big profits always come with commensurate risks. If Bitcoin can skyrocket for no particular reason, it can also drop very suddenly.

Any type of investment is risky, you should not assume that just invest, buy Bitcoin, you can make money. You should know how to accept risks and losses when the market doesn't go your way. "Go on a journey at the beginning but don't be the last to get off"!

very crazy, if we invest all our assets into bitcoin, where we can not measure when bitcoin will reach the profit we want right, the heaviest risk is a dump, and we suffer a large enough loss,
  so for me it's better to invest from a smaller amount and regularly set aside money to invest bitcoin and have a max profit goal,

with all the assets we have, investing in bitcoin, in my personal opinion this is not just looking for profit, but I think this is just a high-level gamble, because if all the assets we have, we invest all of them in bitcoin, I think this is not fair Investing in bitcoin is indeed very good, but we must be aware that we also have to open other businesses, because if the price of bitcoin is falling, of course we have hope in other businesses..

I wouldn't think or maybe suggest people do that thing. Because like what OP said, if there is a dump it means will shock investors so for me i will only follow basic rules in trading or investment. Always use money that we already lose, and of course i wouldn't sell my house or anything important to my life into investment because to analyze i am not good and although professional traders sometime made a mistake and i not want really bad thing happen to my life.

Lots of people tend to confuse the word investing and will apply it to many things that it is not. There is little hard evidence that Bitcoin will have a much brighter future and it is actually much tougher for the price to rise in future because such large sums of money is required to move the price. However if you were to invest in a company like Coca Cola for example and do a bit of research to discover it sells 100 million bottles a year, having increased that by 5% year after year for the last 10 years, then you have a pretty solid idea of where it is going in future. Except for anomalies like Covid, which can be both a positive and a negative, that history is giving you lots of useful information on why it is paying out higher profits each year. There is no such background on why crypto moves in the way it does.

Most people that profit from investing in bitcoin are those who are in for a long time investment. Those that do short time investment are only spot trading and that is why they do not see bitcoin investment to be profitable.
Check the chart, it has increased over the years.

So are you saying investing in BTC now is a wrong thing to do? Because a lot of us looked at BTC in this way 3 years back and failed to invest in it and watched the price increase drastically.

always refer to high risk high return , not everyone can do this and not advised to do that though.
it was all the sweet stories, look at the otherside where a teenager suicide due crypto investment, a guy divorced due this , depressed people using loan money but get hits hard in crypto trading and many more dark sides of crypto investment.
the key is to keep your prespective in both sides so you'll get a better judgement whether are you ready to go all in with these risks or just to play it safe.

go ahead if you have done your own judgement and 100 percent sure on what you gonna do in taking risk.
pretty simple  +  confusing at the same time, indeed. the choice is yours .. finding an advice here is not a 100% guaranteed advice , its just a reference dont take it 100% as your judgement

As a trader, I have two points of view. One is holding. If you can invest your money for a long time, then you must choose the holding option. And, regardless of which coin you hold, keep in mind that the project, like bitcoin, should be the best.
 
But if you want to be a short-term trader, then you can choose two methods to invest a small amount every month in bitcoin. And, in comparison to others, try to keep your 60% in USDT.Then select your project for short-term trade and take your profit. Then, as I said, every month, buy a small amount of bitcoin from your profit. Now you can ask for the other 40% of my money. First invest 40% in Bitcoin, then do a short-term trade with 60%. and buy a small amount of bitcoin every month from the profit of your 60%. Thats my strategy, which I followed. With this strategy, I made profit in 2 ways. If the price of bitcoin rises in the short term, I profit; otherwise, I can buy in deep every month, which is profitable for me. Its my opinion others can be different. Thank you.

It is very clear that investing in bitcoin is an excellent investment both in the short and long term, of course it is necessary to take into account that any investment has risks and the person needs to have knowledge in order to make profits, nothing is easy, it is not possible that money fall from the sky, it's people who need to use the knowledge they get to make a profit, by that I mean you can't blame bitcoin if you lose money. if the person has knowledge then he will make a profit

Investing in crypto is always risky. Just as there are profits to investing in crypto, there is also a risk of substantial loss. I think you should never invest all your resources in crypto. You can invest step by step.

Invest what you can only afford to lose. Risking everything you have to buy a speculative asset that is highly volatile is a very dangerous move because we can't really tell exactly if that coin will appreciate or depreciate the moment you need your funds in cold cash already. If you're going to invest, set your limit and boundaries. Do not be so obsessed about it because you can end up being broke later on if you will not be strategic and if you will disregard risk assessment and management before and during your investment. Diversify as much as possible because it's a great strategy to maximize your cash flow. Do not be impatient, but do not be greedy as well.

You can start it off little by little if you prefer or you can start it big time too. Just make sure that the money you will invest is the amount you will not be depressed on if things don't go the way you planned them to be.

It is not recommended to invest in Bitcoin using all the wealth we have, because investing in Bitcoin includes high risk. However, the movement of
Bitcoin is very difficult to predict, if the price of Bitcoin goes up we will indeed generate a large profit, but what if the price of Bitcoin falls like it did
in 2018. Therefore, if we make a decision, always think about the worst case scenario. I agree with what you said, it's better to invest
step by step, starting with small capital. It is much safer and more beneficial.

I feel that the risk of selling all the assets and then exchanging them for bitcoin is a big risk. However, the method they used was successful, both getting rid of the big risk and earning a worthy return. All I can say is, the risk you take will be worth it if it works. But that's really crazy and just the YOLO movement imo, something really bad if they don't own it. own some money after buying bitcoin.

My main job salary not much, and i am start to made investment from little by little. If that family only buy bitcoin without any analysis, maybe their luck is very high or maybe they really dare to bet all their assets into crypto which nobody can't predict where price will go. But if they profit, congratulate to them. But that is not my style when made an investment.

No one expected Bitcoin to peak like that last year, It's not a good idea to invest all your money at once to Bitcoin, the problem is, the price hasn't made a full dump, no one can actually give you a clear assurance if the price is going down or going up, if you do want to play it safe and gain profit, start by investing a little with all your assets, keep track of the market at all times and make decisions, the risks/problems are still present even if you want to play it safe of course.

I would say its "Madness" full stop.

There is no point in arguing that investing your whole money in one sector like GOLD, FOREX, EQUITY or CRYPTO, no sane person will do that ever.

Warren said "invest as much as you can afford to lose". If you can afford to lose your whole money then go ahead and invest in BTC.

We invest based on our understanding, our vision for the future, and how much we can afford to lose.
Many people here have invested all their hands in cryptocurrencies. That's because they did their research well before investing. The cryptocurrency market is very harsh and there is no room for gamblers as they will soon lose all their money.

The solution is quite straightforward. It's insane to put all of your savings into a single investment. It is often advised to new investors that they should not even consider undertaking such a thing. Never make an investment that you won't be able to recover afterwards. You might lose a lot of money, and it could also have a negative psychological impact on you.

This actually makes sense especially the last statement you mentioned.

Diversifying and allocating your investment into different investment mechanisms seems to be the right move for long-term investment profit. But in terms of crypto, generally, most people have invested here in short-term due to its high volatility nature. When millionaires invest into BTC, the slightest increase/decrease on its price would mean the gain or loss of thousands to millions of dollars on their part. That is why, only invest the money that you can lose.

Investing in Bitcoin is never a bad idea. It Is a good decision to invest in bitcoin. There is a saying that "don't put your eggs in one basket", is not advisable to put all your savings in Bitcoin. Only a stupid person will make such a move.
Also, as an Investor, is important to invest what you can afford to lose. The price seems falling, is presently around $43k. For instant, someone Invested all his/her money in Bitcoin, and the price falls, this may lead to depression. To me, putting in all your assets in Bitcoin is madness.

It’s not the sensation. Something similar already happened in 2017 year when a Dutch family put aside doubts, have sold their house per 85 BTC (in euro), have sold all their possessions and invested in BTC all their money  https://www.cnbc.com/2020/12/03/bitcoin-family-invested-their-retirement-and-savings-in-bitcoin-ethereum-litecoin.html As far as I know they got a huge income,  however they decided to invest more and to Hodl more in hope that BTC will increase. They came in on time into crypto world, that’s essential. Today it’s quit hard for investors to make the same. They came in on time into crypto world, that’s essential. Today it’s quit hard for investors to make the same. That’s why they think those people are mad though they get their bonuses.
This depends on your personal readiness to led next several years by an ascetic way of life.

At the moment it wouldn't be adviceable to sell off all you have to purchase bitcoin, you should only risk what you can afford to lose. No one is certain about bitcoin price for now. We all anticipate for another bull run but no one knows when this would happen currently bitcoin is bearish and how long this would last no one knows.

Have u thought what would happen if you sell off everything and bitcoin keeps going down how would you meet up your bills? Buy with a reasonable amount and hold for the future so you can still go about your normal business without considering what you have left on your wallet

We need to be practical for our daily living. Though crypto and other investment options are good, as they can give you huge profit (not to forget huge loss). That's why its advisable, if you have savings keep some of it in secure schemes like insurances, government backed schemes to tackle any uncertain situation. Rest of money you can invest in any sector of your choice.

Any time is well.

This must be very self-confident to myself, I think it is crazy to invest all my funds. I cannot invest all my money.

This is a very stupid and extremely risky approach. Perhaps you can earn extremely high wealth, but if you suffer a currency crisis, you will lose most of your wealth!

Investing in Bitcoin is a wise Investment option and Investors must understand and be prepare for the long HOLD. I don't think selling all your assets and investing all in Bitcoin regardless of the potential profits is a wise choice. I do think Investing a good amount of your assets in Bitcoin is good and you must understand that this is not for the quick gains.

It would be beneficial if you wouldn't do what it takes to give you benefit. Well, let me explain. You invest all of your savings in bitcoin, and then you see that the bitcoin dump is 20% after the bad news, and your investment is now in the red. Now it has become a stable price at that point. It also provides a push for altcoins to be pumped.And you saw all the coins become green, but bitcoin is stable. It increased a little bit. But you are still at an 18-19% loss. If you understand it, it is a market game. And it could boom at any time and recover my loss and give me a profit. Then you might be benifitial. But according to experts, they didn't suggest anyone invest all of their money in bitcoin. They suggest investing that amount, which is like extra money to you because of bitcoin volatility. I also think the same. Thank you.

At my early days in crypto, I can say that investing in crypto is beneficial. I invest only time and effort in different bounties then I got paid after the campaign. So without putting any of my money, I make real money. But it last since there are of scam projects I encountered that does not pay me or give me shit coins. I have decided to leave crypto but I find myself coming back that is why I am here and I am now more careful. It is not beneficial as before but it is still better than just browsing in Facebook or watching YouTube.

I think we should invest only what we can afford to lose because investing in crypto is very risky so everything that we invested can disappear all at once in any wrong move. Even when we cry all night and day, we can't take it back or undo it. Maybe the USA Family is rich enough? I am not sure. The bigger the possible income is, the bigger what we can lose also.

Risks are inseparable from investments, be it crypto, stocks or anything. There’s always a thumb rule for investments: never invest more than you can afford to lose. No matter how cliche it sounds, it is always applicable.

First off only listen to financial professionals who are qualified to give such advice.  There are plenty of intelligent folks around here but there's an even bigger faction of complete morons around here who will give you their "advice" which is just god awful.  The answer to your question is a resounding NO.  What they did was irresponsible and foolish and they happened to have gotten lucky.

Many people are too pushy to invest so they put all their money there, when prices drop and don't match expectations then they panic and immediately sell at a loss. investment is putting more money so that if we lose money, our finances will not be disturbed, and investment must have a clear goal, namely profit so that when the price drops, we can still be patient to wait.