Bitcoin investment

[HammadAli]

I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."

Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.

[pakhitheboss]

I do not think nor did I read such a piece of advice in this forum. It would be nice if you can share the link to that post.

The money that you should invest in Bitcoin or any other cryptocurrency is the money that you can spare to lose. Any kind of investment is risky, so always invest when you know what you are investing for.

From the day I joined this forum till today this is what I have always read in this forum and have advised to others.

[HammadAli]

I do not think nor did I read such a piece of advice in this forum. It would be nice if you can share the link to that post.

The money that you should invest in Bitcoin or any other cryptocurrency is the money that you can spare to lose. Any kind of investment is risky, so always invest when you know what you are investing for.

From the day I joined this forum till today this is what I have always read in this forum and have advised to others.

Go to this link and see the reply number 232.
https://bitcointalk.org/index.php?action=profile;u=811719;sa=showPosts;start=220

Not pointing out persons but when senior member suggests this what would you expect from others.

[mk4]

Go to this link and see the reply number 232.
https://bitcointalk.org/index.php?action=profile;u=811719;sa=showPosts;start=220

Not pointing out persons but when senior member suggests this what would you expect from others.

Ok so I took a look at the person's reply, and this is probably the quote by jossiel that you're questioning: "Buy bitcoin using the salary you will earn from your day job."

To be fair, based on that reply alone(not sure about jossiel's other posts), jossiel didn't necessarily mean that the OP should put all his/her money on bitcoin; just that OP should buy bitcoin using the OP's salary. Which I'd say is completely fine, depending on the OP's finances.

But I agree with your main post. People shouldn't go all in on bitcoin, and always take risks into account when investing in anything. Also knowing that bitcoin can drop down tomorrow to 3 digits so it really isn't wise to go all in.

[Capt00]

I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."

Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.

That only shows that they trust bitcoin so much that they vouch for it, bitcoin for me is a very worthy investment but the price is very unpredictable which made it a risky investment as well. Some people may invest their life saving to bitcoin that is the only thing that they think can help them. However, I don’t think bitcoin investors would normally advise newbies to do all in because they know how risky is and even in this forum you see a lot of people telling fellow members the advantages and disadvantages of bitcoin but they never said to invest all you money to bitcoin.

[HammadAli]

Go to this link and see the reply number 232.
https://bitcointalk.org/index.php?action=profile;u=811719;sa=showPosts;start=220

Not pointing out persons but when senior member suggests this what would you expect from others.

Ok so I took a look at the person's reply, and this is probably the quote by jossiel that you're questioning: "Buy bitcoin using the salary you will earn from your day job."

To be fair, based on that reply alone(not sure about jossiel's other posts), jossiel didn't necessarily mean that the OP should put all his/her money on bitcoin; just that OP should buy bitcoin using the OP's salary. Which I'd say is completely fine, depending on the OP's finances.

But I agree with your main post. People shouldn't go all in on bitcoin, and always take risks into account when investing in anything. Also knowing that bitcoin can drop down tomorrow to 3 digits so it really isn't wise to go all in.

Yes. May be i took it in that way. But someone can also take it in that way.

[HammadAli]

I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."

Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.

That only shows that they trust bitcoin so much that they vouch for it, bitcoin for me is a very worthy investment but the price is very unpredictable which made it a risky investment as well. Some people may invest their life saving to bitcoin that is the only thing that they think can help them. However, I don’t think bitcoin investors would normally advise newbies to do all in because they know how risky is and even in this forum you see a lot of people telling fellow members the advantages and disadvantages of bitcoin but they never said to invest all you money to bitcoin.

As a whole a discouragement of this behaviour is needed.

[Zeke_23]

Ok so I took a look at the person's reply, and this is probably the quote by jossiel that you're questioning: "Buy bitcoin using the salary you will earn from your day job."

To be fair, based on that reply alone(not sure about jossiel's other posts), jossiel didn't necessarily mean that the OP should put all his/her money on bitcoin; just that OP should buy bitcoin using the OP's salary. Which I'd say is completely fine, depending on the OP's finances.

This guy is right,
As I understand, he didn't mean to suggest to OP or to anyone who will read his post to buy or put all their salary to bitcoin. There is no specification but just a pure suggestion of how good is bitcoin as an investment.

But I agree with your main post. People shouldn't go all in on bitcoin, and always take risks into account when investing in anything. Also knowing that bitcoin can drop down tomorrow to 3 digits so it really isn't wise to go all in.

That is actually the main point here, investing in bitcoin should be an investment that you can risk to lose. Investment is very risky which you should have an extra savings to cover your expenses once your investment was on hold or not in good condition.

[CryptoBry]

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

I heard about that exciting story of Didi who sold even his house so that he can buy all the Bitcoin he can. The timing was so right for him and I am sure he got all the riches that he dreamed of. What he did is gambling because we know that Bitcoin can be so volatile and though we are hoping the best we should also be prepared for the worst. Based on common sense, putting one's eggs in just one basket can be a formula for disaster in case something wrong can happen but if things turned to be right then an avalanche of blessings can occur. This must be the mindset of a gambler which we are always discouraging. Of course, since it is not our money anyway we can only caution anyone but ultimately this is the decision of the person owning the money whatever path he would like to pursue. And if you ask me, between gambling in an online casino or Bitcoin I would surely go with the latter. 

[Asmonist]

I think the decision still depends on you. Whatever posts you read its their opinions. The decision to invest and how much you'll invest is in you. Investing in bitcoin is not compulsory. Its just an opportunity for you to diversify your investments. For me, its still best to invest in bitcoin for the amount that I can make. Not necessarily to invest everything I have. Of course, there are restrictions and risks to do it. Restrictions specially whe  the budget is not that much. You just have to balance your investments and emergency fund for daily needs.

[Kupid002]

Lol of course investors should know the risk investing. Why would you invest all your money if you know that there is no guaranteed that your money will grow  thats suicide idea. Yoi can invest in bitcoin 5 -10 % of your money but dont use it all.

[angrybirdy]

Lol of course investors should know the risk investing. Why would you invest all your money if you know that there is no guaranteed that your money will grow  thats suicide idea. Yoi can invest in bitcoin 5 -10 % of your money but dont use it all.

That's right, there is no investor that will invest all of their money with no guaranteed return of when and how long will it take. Investors should think of the possibilities they might face after they invest and its circumstances. Investment should be done by realizing and analyzing your investment, using a small percentage of your money as you said is a good idea to minimize losses and to at least control yourself and avoid investing too much.

[pecson134]

I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."

Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.

It's a very bad choice if you invest "ALL" your money that comes from your source of income like job salary. If you want to invest you need to learn the full mechanics of the industry you partake with. At least start with a few investment then adjust it depending on the current status and look for foreseeable outcome in the future.

[Duzter]

Everyone won't risk investing completely on bitcoin and cryptocurrencies. This is a common saying don't put every egg on a single basket, not only with cryptocurrency it suits every form of investment. There are people who have risked investing everything on bitcoin and made their living better. It happened because they had patience. With cryptocurrency patience is a must to profit. Though we aren't sure about the profit, till date none has experienced loss investing into bitcoin. Only the lack of patience and the mistakes have made them experience loss.

[DabsPoorVersion]

It's a very bad choice if you invest "ALL" your money that comes from your source of income like job salary. If you want to invest you need to learn the full mechanics of the industry you partake with. At least start with a few investment then adjust it depending on the current status and look for foreseeable outcome in the future.

Not really a bad choice, but it is an idiotic decision to invest all of your money, but also amazing in the same way. You see for an individual to invest all of his reserved money without thinking about the risk and the outcome of it. But I am not saying that become an amazing person and invest all of your money, but to be smarter and think everything first before investing.

[crossabdd]

I never advise people to put all their assets in bitcoin or other cryptocurrency. if someone asks me, I always explain the risks and benefits of bitcoin. so they can choose. I suggest buying bitcoin but with free money, or accordingly they dare to lose. it's true, bitcoin is currently controversial, and it's not yet clear about its uses, and regulations. Bitcoin is still vulnerable. high risk, high profit.

[coin-investor]

I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home

That's not recommended especially now that we experienced an all-time high followed by a big dip and those people who bought in the all-time high, sold their coins at a lost, people should think scenario that it could happen again.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average.

Best to proceed is to read a lot and listen to all sides not only the shillers and the FUDSTERs, there are some truth on what they say and some are not.

[iamaruf]

Buying btc or Altcoin depends on you.I think who have good knowledge about crypto they can't ignore BTC.

Dont put all your eggs in one basket."

you can invest in your money in BTC,ETH,BNB,LTC ,If you don't want to invest all of your money one place.

His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

Actually I don't think about the price too much.No matter what price is it..I am trying to buy btc for future.

[bounceback]

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

not only with bitcoin, I think all investments have their own risks and I certainly never recommend someone to invest with bitcoin because we know there are only a few investors who have a lot of successful experiences with bitcoin investments because they already know a lot about bitcoin, and for me definitely not going to invest with bitcoin from all the income from hard work because if we suffer losses this will definitely drive us crazy.

[skarais]

People are interested in investing in bitcoin or altcoin because they hope to get a lot of benefits. Craving a lot of profit through investing is not wrong, but an investor must have a portfolio before they really want to invest large amounts. Bitcoin investments allow people to get bigger profits, but putting all the money here will only make us bet with high market volatility. Not many people do it now, because people already understand this investment.