BitcoinLEGIT (OP)
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September 30, 2017, 11:04:24 PM |
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I have 4.6 bitcoins, but I don't know if that's a good investment. I want to know how much people invest in bitcoins, is it more then 10 bitcoins? And what is the standard bitcoin investment? I don't want to waste too much money on bitcoin, you know I'm not that rich and I have to pay bills.
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HashFace
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September 30, 2017, 11:33:17 PM |
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I don't think of it in terms of "how many", I think of it in terms of "what percent". I shoot for 5% of my investment portfolio. Bitcoin and alt coins are one of the most volatile and risky assets that anyone can own at this time, but they also offer returns that have outpaced other asset classes ... by far. I just don't want to get too deep into them. People younger than me might have a higher tolerance for risk, though.
But to answer your question, there is no standard investment quantity. You can buy and hold whatever amount you are comfortable with.
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Pearls Before Swine
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September 30, 2017, 11:36:21 PM |
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Wow, not bad. I've never owned more than something like 1.2BTC, and I currently own much, much less than that. I get an itchy feeling about crypto and don't like to have too much of my money tied up in it at any given time.
As the gentleman above stated, it matters more what percentage of your net worth is in bitcoin, not the straight up dollar amount. If all you have in the world is 4BTC, that could be problematic. If I was a millionaire, I'd probably have no more than 5% of my dough in crypto. It's just far too volatile for comfort.
I think most users on bitcointalk have far less than you have, so you should consider yourself fortunate. There are people posting in sig campaigns who are probably eating toothpaste sandwiches.
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BitcoinLEGIT (OP)
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September 30, 2017, 11:42:09 PM |
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After hearing from you guys, I was confident of how much I invest. Let's just hope bitcoin doesn't fail on me. I have heard of some bitcoin wallet locking people accounts and took their bitcoin. So I don't know what bitcoin wallet I should use?
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YuginKadoya
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September 30, 2017, 11:57:39 PM |
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There is no standard Investment of how much you should invest in bitcoin it is really up to you if what amount you can provide and in your case you said that you are not rich in investing bitcoin but I think even if you invest in bitcoin it is still money and you can surely convert or sell it back so you can use it again or if your country have a direct transaction using bitcoin then it is great in your part, by in my opinion invest in bitcoin the amount you surely can invest,
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bololord
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October 01, 2017, 01:07:37 AM |
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I have 4.6 bitcoins, but I don't know if that's a good investment. I want to know how much people invest in bitcoins, is it more then 10 bitcoins? And what is the standard bitcoin investment? I don't want to waste too much money on bitcoin, you know I'm not that rich and I have to pay bills.
Wow you have a 4.6 bitcoins but its up to you if you want invest your bitcoin but for me think a lot and do study abouy investing becuase investing is risky you only need is be patience and sure that you will get s lot of profit.
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LeGaulois
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Top Crypto Casino
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October 01, 2017, 01:12:12 AM |
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I have 4.6 bitcoins, but I don't know if that's a good investment. I want to know how much people invest in bitcoins, is it more then 10 bitcoins? And what is the standard bitcoin investment? I don't want to waste too much money on bitcoin, you know I'm not that rich and I have to pay bills.
4.6 BTC is a good amount of money. Nobody wants to waste money and we all have bills to pay. If you're not confident, honestly you have maybe too much Bitcoin and you should maybe sell some to reduce the risk of losing money? Can you afford to lose money? It also depends on what price you bought them. I don't know what it represents for someone in your country...
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Realist247
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October 01, 2017, 01:12:22 AM |
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I have 4.6 bitcoins, but I don't know if that's a good investment. I want to know how much people invest in bitcoins, is it more then 10 bitcoins? And what is the standard bitcoin investment? I don't want to waste too much money on bitcoin, you know I'm not that rich and I have to pay bills.
Most people on this forum hold less than 1 BTC yet they preach like they hold 1000's. That's pretty much all that you need to know.
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BitcoinLEGIT (OP)
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October 01, 2017, 01:13:35 AM |
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I have only like a bit of money in my bank. After hearing from you guys I think I should resell atleast 1 of my bitcoin. If any intersted in buying my bitcoin, I'm definitely up for it.
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Realist247
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October 01, 2017, 01:14:15 AM |
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Wow, not bad. I've never owned more than something like 1.2BTC, and I currently own much, much less than that. I get an itchy feeling about crypto and don't like to have too much of my money tied up in it at any given time.
As the gentleman above stated, it matters more what percentage of your net worth is in bitcoin, not the straight up dollar amount. If all you have in the world is 4BTC, that could be problematic. If I was a millionaire, I'd probably have no more than 5% of my dough in crypto. It's just far too volatile for comfort.
I think most users on bitcointalk have far less than you have, so you should consider yourself fortunate. There are people posting in sig campaigns who are probably eating toothpaste sandwiches.
I love this post...toothpaste sandwiches....LOL...the truth comes out!!
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spain cool
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October 01, 2017, 01:15:43 AM |
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If you are unsure of the investment, you are better off trading with the amount of money you have. you just improve your mental trading to do that ...
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erickkyut
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October 01, 2017, 01:23:16 AM |
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It depends o your goal. If you want to be extremely rich after 5 or 10 years, definitely, you will need a bigger capital. Aside from that, you will need to invest only what you can afford to lose. Do not invest too much because the Bitcoin Market is very volatile. You can earn or lose 100% in just a day!
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jseverson
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October 01, 2017, 01:27:46 AM |
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Wait, your initial Bitcoin investment is 4.6? That is a ridiculous amount of money man lol. I'm not one to call out anyone on their personal investment decision, but that seems like way too much for an initial investment. Most people I know start with $100 and go from there. I'm fairly sure there are an exceedingly few amount of people in this forum that has actually ever touched 10 Bitcoins, much less start with it. Either way, best of luck to you man! Projections are in your favor. After hearing from you guys, I was confident of how much I invest. Let's just hope bitcoin doesn't fail on me. I have heard of some bitcoin wallet locking people accounts and took their bitcoin. So I don't know what bitcoin wallet I should use?
This should not ever happen if you are the tiniest bit careful. I would personally recommend Electrum. Write down your seeds on a piece of paper and never lose it. Apply standard security practices on your computer and your use of it.
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BitcoinLEGIT (OP)
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October 01, 2017, 01:31:41 AM |
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People CALM DOWN! I brought my 4.6 bitcoin way back when bitcoin price is at $1K. I don't know if I should sell all my bitcoin or keep on investing. I used to have 7 bitcoin, and by this year and last year I have sold 2.4 bitcoin. I don't know why people are so crazy?
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Reid
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October 01, 2017, 01:38:28 AM |
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People CALM DOWN! I brought my 4.6 bitcoin way back when bitcoin price is at $1K. I don't know if I should sell all my bitcoin or keep on investing. I used to have 7 bitcoin, and by this year and last year I have sold 2.4 bitcoin. I don't know why people are so crazy?
What?! Who is crazy? You asked a question and they are answering it. The problem is they will just keep on answering what the title says. Even if you keep on replying here they will still answer that and will never read your other replies. You can use electrum as your wallet and you could also sell it if you want. I dont think you have the passion of keeping it and is just up for the money because you already profited from 1k to 4k dollars. No one will stop you. You can always sell it at exchanges or if none for your country then go to localbitcoins.
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BittBurger
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October 01, 2017, 01:42:28 AM |
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Probably safe to base it on how much money you hope to gain from it one day. I believe its a fair assessment that we will see a $40,000 bitcoin in the next five years, and a $100,000 bitcoin in the next 10 years.
Plan accordingly.
-B-
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Realist247
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October 01, 2017, 01:43:51 AM |
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People CALM DOWN! I brought my 4.6 bitcoin way back when bitcoin price is at $1K. I don't know if I should sell all my bitcoin or keep on investing. I used to have 7 bitcoin, and by this year and last year I have sold 2.4 bitcoin. I don't know why people are so crazy?
Because you, holding more than 1 BTC are like God to them. They are pretty much crazy since they all pretty much go one way with their thinking....rarely if ever questioning it.
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Shinigami78
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October 01, 2017, 09:41:23 PM |
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there is no investment limit, no matter what you have directly you can invest. big or small investment will only affect the big and small profits that you will get.
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FACE 2 FACE
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October 01, 2017, 09:51:13 PM |
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there is no investment limit, no matter what you have directly you can invest. big or small investment will only affect the big and small profits that you will get.
You can invest any amount. You can start earning even having only $ 500. If you have enough experience in traiding - you can double this amount every month. When the deposit is small, it is easy to make money. With a larger deposit, this is more difficult.
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0t3p0t
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October 01, 2017, 11:50:27 PM |
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I have 4.6 bitcoins, but I don't know if that's a good investment. I want to know how much people invest in bitcoins, is it more then 10 bitcoins? And what is the standard bitcoin investment? I don't want to waste too much money on bitcoin, you know I'm not that rich and I have to pay bills.
Actually that is a good investment if you bought Bitcoins in it's cheaper price. You said you bought at $1000 then you now have big profit because current BTC price is $4000+. If I were you Just hodl 4BTC and invest .6BTC in altcoins or trading. It is really difficult to earn such amount especially if there is no special skills or even capital. For me there is no standard in investing Bitcoin. You can invest how much you want. Just make sure to have a legit investment because there are plenty of scams out there.
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