NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies

[dgoswami12]

I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.

First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.

Mathematically,

DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0

This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

Invest wisely, only invest what you can afford to loose

Just a piece of advice.

What are your own suggestions?

Yes i agree with you , it is never recommend to invest all you have in crypto. Maybe you can invest the 30% of profit or savings in crypto. But you also have to wait for perfect time to invest , ex - the guys who invested last year in btc at $2000 , got a 10× profit within 3 months , but who entered in $20000 are now facing a big loss though i think market will recover shortly. Now a days there are too many manipulations in market , really sad.

[dangkhoasn]

thanks for your advice. The crypto market can help you get rich fast but can also make you lose all your possessions

[Impulseboy]

I agree that it is not advisable to use everything that you have on bitcoin and other cryptocurrency. Crypto is a good investment, however, it will help you more if you save some especially your emergency funds. It is not advisable to use them for buying bitcoins because if you do not know the ins and outs of cryptocurrency, you will lose your hard earned money easily.

[Feuerbach]

Just there are golden rules for investing. Diversify risks, do not invest the last money, understand that there can always be a loss of money

[Ricky.Libertarian]

A balance is needed.

If possible, people should save a little bit each month, and then decide where to invest.

It's much better not to be indebted, or as little as necessary.

[muneeb.zain]

Yes this is right that don't invest in bitcoin or any other thing in one time the business and the other auntopenours always told the right way to invest is to invest in different different thing in one time so that if one would be in loss ther will give you the profit.It's the worse mistake to be done is to invest all you have in one thing.Its not only about the bitcoin but it's in every type of investement.

[chandra12]

Currently taking financial commitment into account, consumers will decide to buy regardless of what level they want to gain towards btc together with other cryptocurrencies even so it relies on you. You could are going to shell out most of or simply shell out piece during crypto.

[Sandijoee]

Why not? Is it because bitcoin is down and you think that investing in bitcoin will hurt you?
You think wrongly if your mind is like that, instead investing in bitcoin is profitable. If you believe in bitcoin, waiting for the next few years bitcoin will rise again and grow rapidly.

[Nexigen]

It is a good advice not to invest in only one project. It is convenient not only for cryptocurrencies but for everything. You always need to have alternative solutions so that you do not fall into the trap.

[Emilyp]

Anyone who thinks of investing all his or her life earning on cryptocurrency is badly informed. No matter the investment, it's a bad investment choice to put everything one has into one basket because the wind might blow and carry it away.

[tunapa]

I have been there, I can tell you the end result is mostly not cool. I later realised that it's like high hopes is greed  because the players of the market knows more than you do. you might determine that you want your 100$ investment to turn to 10,000$ while you end up having 50$ or lower after the players leave the market. Take profit at every time that is good and reasonable.

[South Park]

Just there are golden rules for investing. Diversify risks, do not invest the last money, understand that there can always be a loss of money

Diversifying your risk is great but it is one of those things that is incredibly subjective, for example I invest in bitcoin and some other person may say that is a good idea to invest in stocks but if I think the stock market is going to crash in the next years then I am not reducing my risk by diversification, I am increasing my risk by diversification which is exactly the opposite of what I want.

[lumedeee02]

This is a very good advice at your end it's not that good to invest all you have on bitcoin or any other altcoin because no one really knows what the market will actually says we all only predict

[weeks65]

I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.

First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.

Mathematically,

DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0

This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

Invest wisely, only invest what you can afford to loose

Just a piece of advice.

What are your own suggestions?

So you can see that the crypto market is in the downtrend phase, bitcoin and altcoin prices have been steadily declining in recent months and there are no signs of recovery, so investing in bitcoin and crypto And this time the risk is very high. That's why I believe you should not invest all your assets in it, divide your capital and invest in many areas.

[Keeping Up]

totally agree on what the OP have said.
always remember that despite the success that a lot of people has experienced with their engagement on cryptocurrency this will still not a guarantee that a newcomer will experience the same.
so therefore everyone must bear in minds that everything they put in crypto could one day be gone.
let us all be careful in every decision we make on our dealings with it...

[strongwarrior238]

I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.

First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.

Mathematically,

DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0

This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

Invest wisely, only invest what you can afford to loose

Just a piece of advice.

What are your own suggestions?

You can see that bitcoin and altcoin prices have been falling steadily over the past few months, so the market is in a bear market for a long time, so I believe you should not invest all your money in crypto. It can be seen that the market is fluctuating continuously and difficult to predict, bitcoin prices are constantly adjusting, so in order to minimize the risk, you always have to divide your capital and invest in many areas other.

[qwerty12]

This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

Invest wisely, only invest what you can afford to loose

Just a piece of advice.

What are your own suggestions?

Yes, I really agree with you. I personally see that all of this is competitive and there is no guarantee of profit. But, all depends on each individual to make an evaluation of the costs and risks that may arise.

[Harrisonimo]

Just as the wise saying goes: do not put all your eggs in one basket! Good to have your investments diversified and spread through areas of other interest. Cryptocurrency itself has its shockers but with your other investments, you are not caught off guard with its surprises.

[iotarocket]

I agree that it is highly inadvisable to invest everything in cryptocurrencies. The industry is very young and financial experts are still at a loss on how to value these projects. Some diversification will go a long way to bringing peace of mind.

[Ekimzjames20]

I agree that it is highly inadvisable to invest everything in cryptocurrencies. The industry is very young and financial experts are still at a loss on how to value these projects. Some diversification will go a long way to bringing peace of mind.

Sometime investing give us better life, sometime we lose, because we can predict the future. But if we are lucky and we know what our doing, it will give us a victory.