Bitcoin investment

[Maslate]

If people want something where they can invest money, bitcoin is a good option. However, since it's volatile and here in crypto, it's always a risk, it's really better to invest some on crypto, bitcoin or altcoins, and remain something for fiat. I think that's the smartest way, separating your asset so if you lose the other, you still have the other. But actually, they can invest everything on bitcoin if they want to, it's a big risk but if it gains, it's a huge amount. It depends on a person afterall.

Bitcoin is a really profitable investment but the risks is also very high. There is no guarantee that in every investment in bitcoin, profits is automatically gained. No it's not that easy especially that there is high volatility that makes the price changes from time to time. So it would be more practical if we divide our investments into fiat and crypto.

[jossiel]

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.

Thanks for explaining that part of mine. Yes, I didn't literally mean about using your 100% of salary to buy bitcoin, I guess I should've said that 'a part' of your salary to invest with bitcoin so that it won't be taken literally by others.

Next time when I give advise to new investors, I'll be more precise and I agree with your points OP.

[rmhuntley]

I really agree what you say, even I always remember saying  "Do not put your eggs in one basket ". So I am in a crypto investment I always buy some altcoins besides bitcoins like ETH, LTC, Dash, XLM and XRP. Because the movement of price increases is not always the same.

[Kyraishi]

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.

Actually, I think this is fine - if you have investments in real estate, bonds, stocks and have a stable job, it's pretty okay to just throw all your money at crypto, since you already have other investments or baskets per say.

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.

Only the outrageous and incredibly stupidly lucky stuff gets published, no one is going to care about someone planning out their money and keeping a BTC fund, they want to know about that person who sold everything and then made 20x in 6 months, that's what gets these articles clicks.

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.

Great advice.

[cutesgirl]

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.

You only take advantage of bitcoin site like how much increase your earning after investing with bitcoin, why not looking for site of disadvantage by investing with bitcoin or altcoin, how many investors have lost their assets after investing with bitcoin. You have ready check with benefit by investing and weakness by investing with bitcoin and altcoin.

[LogitechMouse]

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.

Going to invest in Bitcoin is a good idea but what they mean is don't put all of your active income to buy Bitcoin ONLY.

If you have other investments like stocks, bonds, mutual funds etc. then its fine for you to buy Bitcoin but don't put all of your income into it because there are no certainties in the current crypto market right now. We don't really know what can happen to Bitcoin in the future. It may rise to $100,000 per Bitcoin or it can go below $3,000. Diversifying your funds is a good idea but don't diversify too much especially if you have a low monthly salary.

[Anonylz]

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.

This is his/her personal opinion on what to do,  but it doesn't necessarily mean it is a kind of written fact people must follow, it is always advised that people shouldn't invest more than they can't afford,
No matter what anyone read from the internet or here in forum does not necessarily mean they should act on it, anyone who did that have themselves to blame,
Do your own research as well before investing.

[Murat]

This is very shitty advice that no one should leave his or her job due to join in this platform, This is a very wrong decision, I never suggest anyone do so, for me, Cryptocurrency is the secondary source of income, so Always suggest people follow this platform but not leave all the other things, I know Bitcoin investment is the most precious decision for the future purpose but it's not a good idea to leave a job or business, I also agree with you on this point that "don't put all your eggs in one", That's a very important true regarding this platform, Cryptocurrency is still trying to get established so we don't have to depend on this platform fully.

[Fatunad]

I really agree what you say, even I always remember saying  "Do not put your eggs in one basket ". So I am in a crypto investment I always buy some altcoins besides bitcoins like ETH, LTC, Dash, XLM and XRP. Because the movement of price increases is not always the same.

That saying is not always applicable on every investment. Some investors do have only 1 crypto on his wallet and still manage to make enough profit. Diversifying investments is the other way to make your money less risky with the volatility of cryptocurrency.  However there are still individuals who lost their money even from diversifying investments.

[Darooghe]

I think, how much money one should invest in bitcoin or crypto should be correlated with how much knowledge one has about about the technology and a understanding of the volatility of this new asset class. to the average guy, it would seem extremely risky to invest and yes that is true when looking at from a short term perspective. However, in my opinion it's not as risky as most believe, especially if you have a long term mindset and you do not plan on selling for the next 5-10 years.

[Deku Hero]

Before investing in bitcoin or other cryptocurrencies, determine your true purpose. Then learn about that market, consider fluctuations in price, potential and risk.

When it comes to this, understanding is indispensable, but sometimes luck will help you succeed.

All cryptocurrencies have different volatility, each with a different value, which everyone knows. But who can wisely invest in places with high potential and low risk. Don't give up too soon, try to find out, and invest. You will succeed!

[matchi2011]

I really agree what you say, even I always remember saying  "Do not put your eggs in one basket ". So I am in a crypto investment I always buy some altcoins besides bitcoins like ETH, LTC, Dash, XLM and XRP. Because the movement of price increases is not always the same.

That saying is not always applicable on every investment. Some investors do have only 1 crypto on his wallet and still manage to make enough profit. Diversifying investments is the other way to make your money less risky with the volatility of cryptocurrency.  However there are still individuals who lost their money even from diversifying investments.

If you fully believe and trust the project or you have some insider inside the project for sure that principle will not work such situations.

Investors loves to explore and most of them are using different strategy to maximize profits around this field of investment,
you need to continue working with your knowledge and keep enhancing your skills.

[EdvinZ]

Indeed, risk diversification, that is, the allocation of funds to different assets, is the most important rule of successful investment. Who neglects it can at one point lose all the money or almost all, if the asset in which he invested will start any problems. Risk diversification should always be observed.

[maydna]

What if someone enters in crypto with all what he got and loses due to some volatility?

Then that will be his mistake to use all of the money he gets from his work in crypto because we are not yet use crypto in our daily life. So we need to divide which money will be used for the investment, and which money will be used for our daily life. You will not make a profit if you decide to use all the money to invest and that will not be recommended for every people to do.

Besides that, before you invest your money in any investment type, you should learn the basics thing that you need to know so you can think about how much money you will use. If someone uses all of his money to invest in bitcoin and he can accept the risk that he might loses, then he can continue to invest, but he doesn't need to blame anyone if finally, he gets losses.

[blckhawk]

It is a general rule of thumb that you must not put all you've got in one specific investment. Distribution of funds is one key rule in investing your assets. Investing in cryptocurrency is risky in itself already, and going all-in is much more risky.

One strategy I use is, only invest part of your money that you're ready to lose. This strategy reduces emotional stress, and setting your mindset that what you're investing is something only extra to you.

[ttcsalam]

I believe it is possible to profit by investing in Bitcoin. But it would not be right to take it as a profession or as a means of investment. Bitcoin should be invested in a capital which is lazy. Because investing in Bitcoin is possible through Bitcoin. The potential for loss is even greater.

[omfg.xekcep]

At the moment I would compare bitcoin with an athlete which does not train in full power by not using his full potential of muscle power, lungs and so on. To my mind, nowadays bitcoin is in the stagnation. Why do I think so? The other day I ocassionally noticed an economic book layin on my sideboard I was interested and took it to read and I was so surprised. having read about stagnation because it reflected perfectly onto the situation with bitcoin. For sure some of you know economics but those who do not. I would recommed to read any economic book to figure out the situation with bitcoin better. Anyway I would recommend to invest into bitcoin but it need to be careful by paying attention on risks.

[Doell]

become a common problem when someone invests but does not understand standard of material to start a lesson worse without any lessons! so will not get the goal ,Investment risk is very common and becomes transparent that cannot be covered and there is only loss hey yeah that is risk but all of it can be managed in such a way with a basket filled various kinds of products ,so that it can be developed into profitable
this game with strategies and various tricks but if you are sure of bitcoin why sell when you already know this moment loss ,well dude it's better long term invest and continue to be adopted for your investment ecosystem

[tianglistrik]

Money investment can be found in various forms, One of them is cryptocurrency. And it must be understood before investing in cryptocurrencies, that investment in cryptocurrencies is full of risk, If you expect instant wealth it's impossible, I agree if the investment must be in several places or types to avoid big losses. So before investing must prioritize knowledge so that investments are given right on target.

the main thing is enough knowledge to get started, if you don't have the knowledge every investment can be dangerous. and crypto has a high level of investment risk, so it's good to know the concept of investing in crypto before you start. because what's at stake is the funds you have

[minersday]

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."

Before you will be able to understand this statement " Dont put all your eggs in one basket." , you should first understand the principles of investing. Every great and successful investors first understood the principles governing investment before they started investing. Knowledge and understanding are the core principles of every investment. Without knowledge, you can not understand how the thing you are investing in works and the risks associated with it. This apply to bitcoin investment. Without knowledge on the bitcoin market, you might lose your investment capital even if you split the capital into parts. Knowledge about the bitcoin market will help you as an investor to understand some basic aspect of bitcoin investment which will help you to avoid some unnecessary mistakes.