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mandor
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February 09, 2020, 05:05:22 AM
 #61

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
If you think that BTC is safe, of course that's it's safe if you to investing on BTC and if you say the price of BTC is stable for now, then it can't be predicted because everything can change in an instant. you have a lot of money in your savings and if you want to invest everything into Bitcoin then I strongly support your good idea but you also have to be able to accept the risk if losing money too much of Bitcoin.

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February 09, 2020, 05:35:59 AM
 #62

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
If you think that BTC is safe, of course that's it's safe if you to investing on BTC and if you say the price of BTC is stable for now, then it can't be predicted because everything can change in an instant. you have a lot of money in your savings and if you want to invest everything into Bitcoin then I strongly support your good idea but you also have to be able to accept the risk if losing money too much of Bitcoin.
If you will care about your wallet and exchange that will go into then you might be safer and wont be a victim of scammers and hackers but be careful specially now that you broadcasted your plan here because for sure there are some others that looking unto you.

In terms of safer currency,?then that is absolutely bitcoin because before dumping it is altcoins first so you can be sure of being safe.i suggest OP to buy now before it is too late and the price continues to grow till today.









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Anonylz
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February 09, 2020, 08:24:43 AM
Merited by nicecrypto (3)
 #63

There is no investment that doesn't involves taking a risk, everyone in crypto who has ever invest a penny in this system are also taking a risk, the important thing is knowing the risk involve and seriously consider if you are ready to take such risk, playing safe on the other hand won't bring profit i.e if you decided to just keep the money in the bank, or you can decide to invest on gold as it is less risky and less profitable,
personally, i would take the btc option, better btc than alts, everyday people buy btc as store of value, they are not stupid to do so are they? if everyone is scared to invest how will the market grow!
the decision is yours, my opinion are just personal, not a financial advice.

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Kersh768
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February 09, 2020, 09:09:16 AM
 #64

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
The market behavior is going up, investing at this point would be a good idea. But before investing, make sure that it won't be a burden for you to invest such huge amount in crypto because volatility is always present in this industry. But as what I have said, investing right now is a good idea.
I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
If you think that BTC is safe, of course that's it's safe if you to investing on BTC and if you say the price of BTC is stable for now, then it can't be predicted because everything can change in an instant. you have a lot of money in your savings and if you want to invest everything into Bitcoin then I strongly support your good idea but you also have to be able to accept the risk if losing money too much of Bitcoin.
Actually, there's no stability when it comes to the market value of Bitcoin as well as other cryptos. With that being said, we should always expect that the market price could go down in no time, which serves as a risk from investing into it. But patience is all an invester would need in order to overcome the stress backdrops are giving to your investment. Because if you would further check the background of cryptos' market value, there are cryptos whose market prices are far from its market value at this moment. And from that, one could draw a conclusion whether to invest or not.


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February 09, 2020, 10:39:48 AM
 #65

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Let me ask you this, what is your main reason for wanting to invest in crypto? What a lot of people especially newbies fail to understand is the fact that bitcoin and the cryptocurrency as a whole is volatile and as such unpredictable. Two things are involved when you invest in crypto.

1. You either make pool of profits

2. You makes loses.

While investing in crypto be prepared for these two things. To either make profits or to make loses. Above all, always make wise investments and always remember that cryptocurrency is not stable as it is volatile and unpredictable.  Goodluck in your investments!

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February 09, 2020, 11:33:14 AM
 #66

If you will be thinking that Bitcoin will give you the profit you want, better not hope in it.

Bitcoin and almost all of the cryptocurrencies in the market are so volatile that they make investing in them very risky. So if you are asking if it is safe, no, it is not stable either so if you can't handle the quick changes that are happening, better find a good stock where you can place your money. Maybe buy some TSLA or other stocks there. You can't predict what may happen with the volatility of it, you never know where will it take you. So if you will be asking me, it seems that you are not aware of where you will be putting your savings. If you really want to invest in cryptocurrencies, read a lot of books, it will really help you. Gaining knowledge before the war would really help you.
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February 09, 2020, 11:47:21 AM
 #67

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Maybe the best advice you can get is to invest something you are willing to lose, don't ever invest your last money. Investment is design in a way that you should need established first a stable cash flow so that you cannot be broke in case your investment don't survive. Here's the thing we are not 100% sure that our investment will guaranteed to return profit, although I believe that the chance are high. Maybe to be safe invest your other money into something else like not putting your eggs into one basket.
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February 09, 2020, 03:46:48 PM
 #68

if I invest in the long term I think it's safe, or if we don't see bitcoin grow now, and I don't think you'll be profitable soon, you just have a target to sell at what price. but before investing you must prepare mentally, because we know crypto is volatile
Bitcoin is good for long term investment because its market value is changing from time to time. Long term outcome makes Bitcoin profitable as an investment. The proof to this is how far its market value at this moment from its price before, not to mention its all time high market value which happened on the previous years. With that being said, it could happen again and that would be the time where many people could earn huge profit. Investing at this point would be a good opportunity to be part of the coming uprise.
Did you invest already? If not then hold it for a while. Let Bitcoin dump a bit, when it comes under 9K USD again, buy it! Bitcoin is not a risky investment and it is not stable too. As you said from 2 February to now, the Bitcoin price increased very high. This year, investing in bitcoin will be a great decision for everyone.
Waiting for the dump to occur is really advisable but I do see the same thing from investing at this moment. Its market value will soon increase, higher than the price at this point. Also, we don't know when will its price again fall, so that would be another thing to do.
I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
You don't need to hesitate with Bitcoin, in investment.

Bitcoin was created in 2009 and until now many people in the world have invested in bitcoin, if you haven't done it, do it the best, you see the price of Bitcoin today of course you don't need to worry anymore about investment.
It is normal to doubt at first given that we are talking about investments, which do always has risk involved.  But ofcourse, planning before engaging is the main thing. Keep in mind investing only an amount you can afford to lose.
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February 09, 2020, 10:33:09 PM
 #69

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Maybe the best advice you can get is to invest something you are willing to lose, don't ever invest your last money. Investment is design in a way that you should need established first a stable cash flow so that you cannot be broke in case your investment don't survive. Here's the thing we are not 100% sure that our investment will guaranteed to return profit, although I believe that the chance are high. Maybe to be safe invest your other money into something else like not putting your eggs into one basket.
It is just an option to take a risk in investing other than Bitcoin. Even though it was risky to put eggs into one basket but I'd never think that Bitcoin would disappoint me in the future not alike that Altcoins will do. There is no doubt that Bitcoin is getting more supporters and users that altcoin that it gives me assurance and we are not wrong into this single investment.

Yes, there is a moment that we fall and being in a big crisis but that's not a way we should have to worry about. But of course, it all depends on our trust and how we look at the market. And I could say that we don't just have to look at its current position but to look into its future and sound like Bitcoin has a brighter future.

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February 09, 2020, 10:52:26 PM
Merited by tk808 (10)
 #70

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

I would say invest with caution. Don't let anyone tell you otherwise. Stuffs like – Bitcoin is stable. To be straight with you, Bitcoin isn't stable. As a matter of fact, the cryptocurrency market isn't stable. Instead, it's volatile. While I do recommend investing with Bitcoin, you should do it with caution because at the moment, the price is currently trending up. It might decide to go south and you'll lose a good percentage of your $15K. So here's what I suggest:

1. Firstly, do a comprehensive research on Bitcoin/Altcoins
2. Take some trading classes so you know exactly what you're doing and don't just invest blindly.
3. Understand the risks involved
4. Proceed to invest when you deem fit.

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February 10, 2020, 06:36:19 AM
 #71

Investing in Bitcoin is a good choice as long is for a long time perspective. If it is for a short time, it will be good to diversify your investment to other alternatives digital assets like ETH, LTC, BNB etc. May be Bitcoin can take 40% of the total portfolio.
good choice how ever no guaranteed if you are only looking for profit.  All of the news given that price of bitcoin and other crypto currency is only speculation and we dont even know what will happen and if bitcoin is still usefull in the  future.
Investing oi bitcoin is only for those  who trust fully  bitcoin that this the  future money.

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February 11, 2020, 04:02:34 PM
 #72

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
The question shouldn't be whether the market is at a good position or not, the main question should be whether you're ready to risk that amount you have mentioned. You see, Some of the new investors I see in this market don't really ask about how much risk they are about to take, they only ask whether the time is right for them to invest or not, which everyone would probably say yes to.

Lol what were you even expecting, this is a cryptocurrency community/forum, and no one here is going to say anything bad about cryptocurrency, they will tell you to go ahead. I can't tell if now is the right time or not, so I would only ask if that amount is what you can afford to risk, stop thinking of profit and think of loss , just see the money as something you don't care about anymore and you want to risk it. That way, if you lose it you wouldn't mind and if you're lucky and the price goes up… then you can enjoy your profit.

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February 12, 2020, 01:57:59 PM
Last edit: February 12, 2020, 02:54:27 PM by Gumpfire
 #73

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Take it easy. It doesn't mean that the value of price today is high, it will be like that forever. That is a very high risk you are taking, and before anything else, you should read and read more about bitcoin and cryptocurrency before doing anything else. You'll end up regretting your decisions. It is better now for you to be familiarized in the concept, and deeply think about it, if you are going to be ready for investing your money on bitcoin.
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February 12, 2020, 02:55:19 PM
 #74

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Take it easy. It doesn't mean that the value of price today is high, it will be like that forever. That is a very high risk you are taking, and before anything else, you should read and read more about bitcoin and cryptocurremcy before doing anything else. You'll end up regretting your decisions. It is better now for you to be familiarized in the concept, and deeply think about it, if you ate going to be ready for investing your money on bitcoin.
It all be at risk, even outside crypto investment but above all, we should have to think positive as will and may this risk will give us passive results. However, if we are in doubt for crypto and afraid of its risk, we better not to try. That is why, if we are thinking about this, we should have to plan first and be preferred for any circumstances that might happen to our investment.
Yes, $15k is quite big to start as a newbie and much better not use it all until such time that we are knowledgeable enough in this field. 

R


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February 12, 2020, 03:46:17 PM
 #75

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

It is not safe if you invest your all money it would be too risky, because the price of bitcoin is volatile so we don't know if the high price rate for today will remain the same in the next day, but if you have a great urge and your ready for what would be the result in your invest money, well it's your choice. But for my opinion if you've have doubts in investing your money I suggest to invest a small amount of your bitcoin so that it wouldn't a big lose on your savings, because we aren't sure if your investment will return the 100% of your profit. 






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February 12, 2020, 05:09:58 PM
 #76

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

It is not safe if you invest your all money it would be too risky, because the price of bitcoin is volatile so we don't know if the high price rate for today will remain the same in the next day, but if you have a great urge and your ready for what would be the result in your invest money, well it's your choice. But for my opinion if you've have doubts in investing your money I suggest to invest a small amount of your bitcoin so that it wouldn't a big lose on your savings, because we aren't sure if your investment will return the 100% of your profit. 







This is a very valid option and full of protection, but if we take into account that everything in this life is a risk, then why not take it? Maybe you risk $ 15k so that you get in a not too distant time about $ 50k- $ 60k.

The worst thing that can happen is that you do not get to make a profit and that you leave with $ 15k or maybe a little less, but if there is belief in this technology, and in the market, in the stages of the market that are being fulfilled, there should not be doubt in the investment.

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February 12, 2020, 05:54:21 PM
 #77

Let's start by you checking previous Bitcoin price charts or prices to know how far it has come. It could give you little insight.
You said the money is your savings, which means you mostly depends fully on it. You can invest in Bitcoin but its best you should do it with spare funds. Or, a low amount so you don't get to feel much regret if things don't go your way.
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February 12, 2020, 09:13:10 PM
 #78

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise?
Many people said that it's really a huge amount to investing as a newbie but i can't see any problem with that. If you are planning for long term holding then it's really a good idea. But if you are thinking for starting to trade with your asset then learn first how to work crypto trade. Because crypto trading is really sensitive than other currency trading.


Is BTC safe and stable at this point and this time?
That's an unwise question my mate. After several years past this question is just pointless. Bitcoin is the most profitable asset to investment. Cryptocurrencies outperformed traditional stocks over the last ten years but Netflix, Amazon and Domino's were not that far off. Read that article you will find your answer.

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June 12, 2020, 09:55:12 AM
 #79

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
Before investing don't forget that bitcoin is volatile and crypto market is not stable,but because of this volatility you can make profit. It depends on you if you are a risk taker person then it's time for you to invest in bitcoin specially this time that we are facing in a difficult situation cause by the covid19 pandemic. Crypto will be an alternative way to earn while stay at home. Just learn more techniques in doing trading to avoid loses. Anyway good luck to you.

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June 12, 2020, 10:00:00 AM
 #80

$15000 seem like a lot. But then I have no idea about your financial background, so it could be a small percentage of your wealth. I think it doesn't matter if you invest $1500 or $15, you always need to look into the best way of investing. And try to avoid common mistakes.
I am talking about getting a secure wallet for yourself. Keeping backups of your private keys. Look into how the tax situation for Bitcoin looks like in your country. Compare exchange rates and fees for the different exchanges and brokers where you can buy Bitcoin via, etc.

We have written this guide on the topic on how to invest in Bitcoin for the first time here https://gocryptowise.com/how-to-invest-in-bitcoin-the-beginner-guide/
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