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Nicholson55
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October 17, 2018, 06:45:44 AM
 #1

I was reading an article in Quartz earlier today and it was talking about how much bitcoin people should buy and how it depends on your investing goals. What else, besides the amount of money you have, affects how much bitcoin someone should buy?
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October 17, 2018, 06:59:35 AM
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 #2

Depending on what you afford to lose. This word has been said many times but it seems that some still can't get it.

That's not only about how much money you have, what if you've got a lot to spend but you are in doubt of bitcoin? calculate the possible risk that you are about to take so you know how much you will spend.

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October 17, 2018, 08:09:27 AM
 #3

The amount of bitcoin can also depend on your capital and how much you are worth also the value of bitcoin as at the time you want to purchase it can also affect the amount of bitcoin you want to buy.
But generally you need to have patient and know how to start according to your pocket avoid FOMO and FUD

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October 17, 2018, 08:19:43 AM
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The question is what do you want to achieve with your BTC? Making a quick buck? If yes, I wouldnt invest any money in this high risk market.
If you believe in the technology and the coin invest as much money as you are willing to lose.

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October 17, 2018, 08:24:50 AM
 #5

What else, besides the amount of money you have, affects how much bitcoin someone should buy?
I guess this is your question..

Other than the money/capital you have,i think another factor that should affect how much bitcoin you'll want to buy is definitely the situation of the market,youll have to study the market carefully,predicting what you feel will be the next tweak in the price/value...

Also if the market is bearish and the price a bit low, you'll definitely not want to miss the opportunity to purchase quite some bitcoins to make huge profits when/if prices Rise
But in the case of a bull,with limited capital it'll be wise to buy fairly low as prices could drop significantly,so you wouldn't be in line for a huge loss.

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October 17, 2018, 09:29:32 AM
 #6

It depend on how much money you have and  how much you believe in bitcoin. If you are a risk taker , you aren't fear about the drop in bitcoin's price , you might invest more
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October 17, 2018, 10:46:30 AM
 #7

You should buy an amount which you are willing to invest or willing to lose. If you have any plans of investing in Bitcoin, any amount you have can help you purchase some Bitcoin and you will still get profit from that.

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October 17, 2018, 10:49:43 AM
 #8

how much bitcoin people should buy
Its so relative and up to personal/financial preferences.
Noone could tell you that, i could tell you buy as much as you can, but i don't want to give financial advices, its dangerous job to do so.
Buy as manny as you like Smiley as everyone should.

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October 17, 2018, 11:43:12 AM
 #9

It depends on how much money you're going to put on some risk. Bitcoin price up and down means always has a risk. My opinion is don't invest your total amount with bitcoin. You can use a low percentage with your total amount of money.

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October 17, 2018, 12:01:20 PM
 #10

I was reading an article in Quartz earlier today and it was talking about how much bitcoin people should buy and how it depends on your investing goals. What else, besides the amount of money you have, affects how much bitcoin someone should buy?

The answer to this question depends on your age, your risk taking abilities, how long do you intend to hold on to it. It's also pertinent to note that you should tie it to a goal to get the best estimates, also you should factor in inflation and all the fluctuations that are part and parcel of bitcoins. I would also suggest you to read about it in details as people who have invested at high prices, have lost their value too, just be careful with this currency.

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October 17, 2018, 12:38:25 PM
 #11

As much as you can afford... to lose.
Don not treat bitcoin as an investment plan where the total value of the asset acquired is still included in your bet worth.
Only invest spare money
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October 17, 2018, 01:00:48 PM
 #12

I see that "as much as you can afford to lose" is the prevailing answer. It's not as bad as they're saying. If you invest, you won't lose 100%. Even if Bitcoin goes down to 3000 USD you will only face 50% loss. All of it won't instantly disappear. A 50% loss at this point would take months and give you enough time to exit.
You can invest as much as you want but I'd aim towards getting at least 1 Bitcoin.

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October 17, 2018, 01:10:10 PM
 #13

Depending on what you afford to lose. This word has been said many times but it seems that some still can't get it.

Exactly what I was going to say. A little bit of common sense and risk management helps, but how do you decide to budget on other things in your life? How do you decide on how much to spend on food, clothes, entertainment and so on? You need to weigh the pros with the cons and whether it's worth it to you. Some people think spending $30 at the cinema for a film and some snacks is ok. Others think it's a rip off.  Depends how much the entertainment is worth to you and how much disposable income you have. Work out what sort of spare income you have and how much you are ok with investing in bitcoin and more importantly potentially losing, but this is only something you can personally decide on.
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October 17, 2018, 01:14:41 PM
 #14

Hmm, that depends on how much you can afford to loose and your investment goals.. if you're in for a long haul or you just want be part of the crypto community.
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October 17, 2018, 04:59:10 PM
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As it is recommended multiple times in the past, Bitcoin is a part of the crypto world which is highly volatile. No one can predict the accurate future and hence, it is the game of high risk, high returns. In any case, no one should invest more than his loss-bearing capacity because any market is not responsible for the actions of the investors, in other words, Crypto market is all about self-responsibility and one should hold himself responsible for the consequences of taking place out of his decisions.
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October 18, 2018, 08:57:54 AM
 #16

The cryptocurrency market is very cruel, and the only thing that can quickly affect others is money, because when you have enough purchasing power, you can control any kind of cryptocurrency

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October 18, 2018, 11:40:15 AM
 #17

I was reading an article in Quartz earlier today and it was talking about how much bitcoin people should buy and how it depends on your investing goals. What else, besides the amount of money you have, affects how much bitcoin someone should buy?
I think there is no limitation to buy Bitcoin. Yes, I love it to store in my wallet. I will say if you have the ability to buy it a huge amount, you must do it but never excide your ability.

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October 19, 2018, 09:38:19 AM
 #18

The cryptocurrency market is very cruel, and the only thing that can quickly affect others is money, because when you have enough purchasing power, you can control any kind of cryptocurrency

It's not really that cruel when the value goes from sub $1k to $6k+. It's all about timing and luck. Bitcoin has made many people wealthy and many more a nice little profit, but with great successes there are also the great losers who bought or sold at the wrong time. For all those that made thousands during the rally there are also those who lost thousands by buying it at the all time high and are now grossly out of pocket, but as with any investment this is something you either need to accept or understand the risks of because there's always going to be winners and losers where there's money to be made, especially on something as risky and volatile as bitcoin.  

depending on how much money you have , of course Grin.  secondly    wonder if you are keen on taking risk , do you believe in bitcoin? answer these question yourself  then decide how much bitcoin you should buy

I think how much you believe in bitcoin is also another big factor, but weigh that up with what you can afford to lose. If you believe in the potential of bitcoin and think it has a strong possibility of becoming a huge currency or commodity then put your money behind it. I still believe in bitcoin and think it can rise by many thousands again, but I wouldn't remortgage my house to buy more, but it's certainly something I'm happy to spend time on getting moe of and putting a little extra money in every now and again when I can afford it.
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October 20, 2018, 08:59:49 AM
 #19

I think how many bitcoins should be purchased is related to your ability to bear (how much investment risk do you want to bear?)

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October 20, 2018, 10:33:54 AM
 #20

It is not about the amount, but more about the percentage of your portfolio that you want to invest in high risk investments. You can still have 80% of your total portfolio invested into low risk <safe> investments and only 20% into high risk investments. Your appetite for risk, will determine the amount of money that you would risk into high risk investments.

I increased mine from 20% to 30% because I made some good profits in 2017 and I want to be ready for the next push, to improve on that. Just make your own decisions and hope for the best.  Grin

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