Should i take the risk or not

[Wisdom O]

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?
 

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[Upgrade00]

If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

This contradicts one of the popular rules of investment; only invest what you can afford to lose.
Investing funds you actually need (or would need in the near future) puts you in a tight spot as you'll be more likely to cut your loses at price drops.
Only invest amounts you can afford to lose, you could also DCA;
• Start a real life business,
• Apportion a part of your regular profits to buying Bitcoin,
• This would be a fixed amount at a fixed time, such as weekly or monthly
This way you build your portfolio over time with less risk.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

The burden of the final decision rests on you and do not view any reply here as financial advice.
You do not lose funds invested in Bitcoin unless you sell at a loss

[jackg]

No one can give you a concise answer on what bitcoin will do in the future.

Do you have an amount your comfortable losing? If it's $20 for example then you could invest that.

$20 from 2015 to 2021 is around $3-6k now so balances can quickly add up even if you put in a small %.

The issue is, what would you do without that $3000 and what would you do if it goes to $1500,$750,$200. Pricing is irratic and while btc trends upwards - it might not always do that.

[Eureka_07]

Hi everyone, I want to learn about Bitcoin and investing. I need help on how to go about investing in Bitcoin which I don't know if I can take the risk. I have $3k which I want to keep in the bank but I'm thinking of investing it into Bitcoin. If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

In my opinion, your money won't go into waste if you invest in bitcoin, are you planning to hold or trade bitcoin? Holding it is a good investment, your capital won't be lost easily unless bitcoin crashed very hard since bitcoin is very volatile.

Above all, do not invest in bitcoin if you still lack of knowledge about it, it applies to all kind of investment. That's risky. Do your research first, and then decide. It's nice that you asked.

[RickDeckard]

Should I take the risk of investing in Bitcoin now or better still put it in the bank?

Like all investments, you never know what they may turn into. As you may have seen already, BTC has an erratic behavior - just some months ago it was hovering around $64K USD and not it's around $33K - do you think this is something reliable as to profit in one year from now to your new business? The very first basis of any investment is that you should define what your time horizon is - are you in it in the sort run? Or perhaps you're playing the long game (10 > years) and you don't mind any fluctuations in price due to your time horizon?

This time next year your 3k investment may be worth 6k, 9k, but it can also be worth 1,5k or 1k, depending on how BTC price behaves - and no matter what other people may tell you, no one is able to say how BTC price is going to behave, what most people can is try to guess it, but that's all (and that guess is always oriented towards what they want BTC price to be, so it's never a neutral stance).

That said, money in the bank also doesn't generate wealth - in this game the only player that is winning is the bank itself. Again, I don't know where you're from (and such can't talk about investment options) but if you really want to invest that money please make sure that you have an emergency fund before - this means that those 3K aren't going to cause damage to your financial situation if your investment goes to a bad route. If you already have some kind of investments in ETF's, stocks, commodities and you just want to diversify your portfolio, then BTC is a good opportunity to study - then again, you don't seem like this kind of investor (for now). I would highly advice you to study more and define your own goals as an investor before jumping into this sea (or any other to be honest).

[Ryker1]

Well, dont ask financial advice in this community because that is your money and now one will blame if you will get lose your fund.
Bitcoin does not give a promise to any of us to gain profit, because bitcoin at the first, place used as an alternative to online payment methods. However, if you really like to invest make sure that amount is what you can afford because that small amount that you invested is the amount that you will willing to wait for whatever the market and it will hope that the market will go up so that you get your target profit. If you believe bitcoin is good to invest in, why not. Bitcoin is very volatile and it could you will earn that way.

[A_L]

If you understand the trade, you can usually trade with it. It can be profitable for you. I'm not saying it will be profitable. But you can keep something if you want. Because in the last few years the price of Bitcoin was $ 65,000.now$35000. You can never believe in cryptocurrency, it will be profitable. But you can believe that there will not be so much loss. You must always believe in cryptocurrency. Even if the market price is low today, it will increase tomorrow.

[Shamm]

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now

  Investing is Good and you have a chance can earn through your investment capital. Once you invest you can afford what you have loss, but in investing is an unpredictable cause Bitcoins is Volatile so that we can not predicted the result that's why we loss and it's lucky thing when we progress in investing.

If you don't understand in trading Bitcoins you can learn it before you take the risk so that you have a knowledge on how to trade in the Bitcoins.

[mk4]

If you're going to the money to build a business, then just use it to build a business. 1 year is just too short to guarantee a profit not only with bitcoin, but with investments in general. Only invest if you're not going to need the money any time soon.

[Peanutswar]

I think you don't need to invest your money in bitcoin INSTEAD invest to your knowledge regarding with the bitcoin because base on your statement still you are a beginner just want to earn money from bitcoin. If you already know the fundamentals and basics of bitcoin and the cryptocurrency itself. The bitcoin/cryptocurrency is volatile having a bad decision make lose your money towards the downtrend. Invest what you afford to lose. Try to analyze and learn with the use of technical indicators and more as preferences the end of the day decision is yours.

[cryptoaddictchie]

If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.

The timefram is quite long so we cant be sure if the price of bitcoin could be on a good stance or not. How about directly use the money for business than investing? But I assume that you wanted to invest first to increase your capital right?

For me its safer to wait first with the market sentiment. If there is a major set back of price then buy btc but for now dont do anything cause its quite risky as of this moment.

[Darker45]

Should Bitcoin's price be lower in May next year than today, would it still be all right for you? I mean, what would you possibly do by then? Would you be selling with a loss or would you continue to HODL until profit is made? If it's the former, I advise you not to invest in Bitcoin. But if it's the latter, then go ahead.

How important is that money for you? Or that business? Would it still be all right if that business would get delayed? Or is there other sources of funds to make up for that money if ever Bitcoin's price is low by that time?

Personally, and take my word with a grain of salt, I am very positive that we could break the ATH within the year. So you may invest and not wait until May for you to make profit. Or if you want to, HODL it until 2030 or beyond. There's probably a much bigger money there.

[cabron]

Investing is risking. The beauty for Bitcoin is that even if you are not a trader you still could profit a lot when the price goes up and it's certainly going to go up there because it had been proven to be rare. But do not expect to profit like in a matter of days by just holding, it takes time that is why the money to be invested should be your extra money only that you didn't allocate it for something in a short period of time.

[pooya87]

I hate to be that guy again but I have to say that bitcoin is not an investment, specially not one that is supposed to make you rich in a short time. It is a currency and its price may very well stay at $34k for the next 10 years. Stop looking past the short term burst-profit and try to look at what this one and only decentralized currency really offers.

[Lucius]

Should I take the risk of investing in Bitcoin now or better still put it in the bank?
Will I lose my money if I invest now?

As someone who has no experience with cryptocurrencies, investing in them would mean a great risk to you, not only because of the volatility of that market, but also because you know nothing about how to properly store such digital assets. So I would advise you to study at least some basic things, and if you still decide to invest, think about how much of that money you can afford to lose - maybe 20%?

I want to invest in Bitcoin but I am thinking it might have too rmuch rsks. Is there any good coin I can invest my money cause I am planning of using next year. Please does anyone know of good coin I can invest in that can give me good profit by next year?

To the question from your second thread I can only answer that you are not playing with fire until you have mastered the use of ordinary matches - you will burn those $3k in an instant.

[isaac_clarke22]

~

It is your money, OP. As what others mentioned in here, just invest those money into your business as nobody can tell if you are gonna lose that money next May even if such news you see around the internet speculates that it would go hundreds of USD but that is just merely speculation.

How about this? Invest only in Bitcoin if that portion of that you're investing does not affect anything that you want to happen. In this case, it would affect your business so I would just advice no. Like what they always say, invest only what you can afford to lose.

[boyptc]

Invest in knowledge and learning first.

Be responsible with your money, you can ask as much as suggestion that you want and read as many as you can good suggestion that will be said to your question.

But it's still you that will have the final say.

[Magicalking]

Op I think its risky putting yourself in this type of situation. It would be better to use a third person when discussing such topics that involves money. Now you will be getting unsolicited messages from so called experienced traders giving you advice on what to do. Lucky for you the forum is anonymous and your information isn't public. But do not make the same mistake with other social media platforms.
To answer your question, you can learn about bitcoin by simply reading specific threads on the bitcoin discussion board. As for investing in bitcoin, that should be a decision backed with knowledge of what you're actually buying. Bitcoin is volatile and there is no telling what the next price will be. While I am not a fan of saving money in banks but its better than losing your money on some fake ico projects

[Wisdom O]

@pooya87
I Know everything is risky but I need to know the level of risk I am taken before making a mistake.
Thanks for the comments.

[hosseinimr93]

@pooya87
I Know everything is risky but I need to know the level of risk I am taken before making a mistake.

I think you didn't get pooya87.
Pooya87 is saying that you shouldn't look at bitcoin as an investment. You should look at bitcoin as a decentralized payment system.

Satoshi didn't create bitcoin to make people rich. Bitcoin has been created to give you full control over your money. Bitcoin has been created to not allow governments and central banks steal your money using their printers.

I recommend you to compare fiat with bitcoin. Which one do you prefer? A centralized currency or a decentralized one? Do you want to have full control over your money?

I myself prefer bitcoin over fiat. (No need to mention I have to use fiat as well.)

Bitcoin value against fiat may increase over time. But that's not guaranteed specifically in the short-term. If that happens, I consider it as a reward for the trust to a decentralized currency.