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tabas
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August 22, 2021, 10:01:49 PM |
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We have our own style of investing and if you think that selling everything will find yourself suitable with the lifestyle that you have to adjust, it is going to depend how you're living your life.
But just because others can invest wholly in bitcoin, are you sure that you can do that to yourself as well? Find the most suitable investing style that you can for bitcoin. There's an easier way of doing it like dollar cost averaging.
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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sherenikaw
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Activity: 630
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rocket.hashbon.com
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August 22, 2021, 10:03:56 PM |
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basically bitcoin investment is a promising and profitable investment if we can manage our own assets well. we have to understand that the crypto market is up and down and we can learn from it. selling bitcoin at a high price is good but it doesn't mean having to sell all the assets and then just leave it without continuing because the bitcoin investment will continue. if we are stuck and stop in there, namely by selling all assets, then we will only get a moment's profit. but if we can rotate the asset well then it will be more profitable.
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Viscore
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August 22, 2021, 11:15:45 PM |
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With all of my assets? There is no way that I'm doing such thing. It's just madness, trust me. We always say that you should make an investment which you can afford only. You shouldn't be too unhappy if you lose your money. That's what I mean by saying that you can afford. If you invest all your funds into Bitcoin and it starts going down sharply, you will lose incredible amount of money. Trust me, it is not worth taking this insane risk.
Investing in bitcoin is risky even with a small amount so how much more if you will sell all of your assets for bitcoin. This must have been a big decision making as it will leave your family into hunger once this investment will not work. So i suggest to invest only on your extra money so you won't have to worry much once your investment will suddenly fall. It's okay if you just buy a portion of bitcoin and once you make profits from it, increase your funds for your bitcoin allocation. Perhaps the US family might have been living in luxury right now after they made huge profits from bitcoin. But i can't imagine if their decision ends up into failure, they might blame bitcoin for all of their losses and sacrifices. That's the time that i should want to avoid as much as i can. |
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mv1986
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Merit: 1175
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August 22, 2021, 11:52:12 PM |
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If I were to put all my assets into Bitcoin I would definitely let a doctor put me into coma and tell him that he should only wake me up if Bitcoin hits my target!  I am sure that some people grinded hard on Bitcoin with a lot more than they could afford to lose. Winning big that way is certainly a pleasing feeling, but it can also let you age five times faster if things do not go according to plan or not as fast as you would have liked. An all in during the crypto winter in 2018 would have got you in some serios mental trouble. In the end it also depends on your circumstances in life and whether you have family who could suffer from it and so on. Keep it safe or at least not too risky. |
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btc78
Full Member
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Activity: 2492
Merit: 212
Eloncoin.org - Mars, here we come!
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August 23, 2021, 01:24:42 AM |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
You are fool enough if you will invest all your assets in investment that you don't understand and trust . because for me this is stupidity . the family invest in bitcoin because they trust the market and they even care holding till the right time to take the profit. so in here that thing you mentioned about dumping wont cause anything because they are willing to keep waiting and not to care about dumping moment but pure pumping season. |
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lienfaye
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August 23, 2021, 02:21:50 AM |
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Should we invest just like them or should start with a less amount ?
Investing in crypto is very risky there's no guarantee if we're going to earn from it. So the real question is, how much are you willing to risk that its not a pain even you lose it? We have our own way of thinking and there's no need to follow other people's strategy just because they gain huge and lucky that the price reached its peak. It takes a lot of guts to risk all your assets in bitcoin because worse situation is also possible to happen, so it depends on our trust for bitcoin. Investing with small amount is not bad, its just that its the only amount that you're willing to risk and there's nothing wrong with that. |
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meanwords
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August 23, 2021, 02:31:00 AM |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
It's because that family is patient and probably knows how the market in cryptocurrency works. In 2019, the marketcap of almost all the coins are insignificant compared to marketcap of the stocks in that year. If you compare them, you could see that cryptocurrencies at that time are much cheaper and could potentially yields a good amount of profit in the future. To be honest, it's not too late to invest right now, as long as you hold long term and can afford to lose the money that you invested in. Look at the marketcaps of the coins today, it's still cheap. |
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Rajamuda
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August 23, 2021, 03:18:59 AM |
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We don't have to hesitate or be inconsistent when investing in Bitcoin, price movements do often experience a downward phase, but there's no need to worry or be afraid, opportunities are still open for long-term investments. Let's thinking about Bitcoin from time to time has proven price movements that tend to increase from year to year because its popularity is very well supported, what's in doubt? we just need to be patient.
I am one of those people who had been successfully invested from 2017 until now I have sold several and have made a very high profit.
Regarding the amount of investment, I think it's better if we don't force ourselves and do invest as much as we can and be smarter in managing our finances.
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NathanielParker
Member
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Activity: 113
Merit: 32
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August 23, 2021, 03:43:36 AM |
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I once remembered a sentence: All great investments begin in disturbing circumstances. The risks of investing in cryptocurrencies are well known, and investing in all assets is really crazy.
First of all, I can't be so decisive, there are only a few people in this world. He is brave and admirable. It is worth it to get such a considerable benefit. His ability to withstand psychological and external pressures to persist for two years is also the difference between him and me.
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Melody kdl
Jr. Member
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Activity: 55
Merit: 5
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August 23, 2021, 04:03:30 AM |
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I think this is crazy enough. Such people make decisions very decisively and have a very high psychological quality. They are very suitable for investment and will not be affected by emotions.
Everyone has different investment methods or experience. Choose the one that suits you best. Don't imitate others blindly. After all, these are the few that are successful, and the unsuccessful make up the majority. Therefore, start investing as much as possible and do your best.
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goldade
Full Member
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Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
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August 23, 2021, 07:19:35 AM |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
One of the earliest things I learnt about investing in bitcoin is that one should only invest the amount of money one can afford to lose. As profitable as investing in bitcoin is over the time, there are usually dumps in the shorter time frame which may result in loss for an investor. I wouldn't advise that you sell all your assets to invest in Bitcoin. Invest in Bitcoin, alright but don't invest all your assets. |
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isaac_clarke22
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August 23, 2021, 11:02:16 AM |
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~
For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.
Because it is true. Not everyone has two jobs that can do more than the sustainable level as you and just directly investing to crypto would lead some people to have their emotions. It is not about being pessimistic about the price, but it is all about one's wise decision in investing. You never want your car sold only to invest it all in crypto thinking that you'll just earn a lot within a week, like those 80x that people claim at social media which are lies lies lies. It's never too late to buy, just don't commit it all to crypto especially Bitcoin, plus you're not even obliged to buy a whole coin. |
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wahyu wida
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August 23, 2021, 11:43:20 AM |
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~
For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.
Because it is true. Not everyone has two jobs that can do more than the sustainable level as you and just directly investing to crypto would lead some people to have their emotions. It is not about being pessimistic about the price, but it is all about one's wise decision in investing. You never want your car sold only to invest it all in crypto thinking that you'll just earn a lot within a week, like those 80x that people claim at social media which are lies lies lies. It's never too late to buy, just don't commit it all to crypto especially Bitcoin, plus you're not even obliged to buy a whole coin. Bitcoin investment can be started at any time as long as we have more money that we don't know what the destination is for, rather than the money being idle indeed investing in bitcoin is more profitable as long as we are patient waiting for the bullrun to occur. Many people are afraid to buy because the price is getting higher, but they will be disappointed when the price goes higher |
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Theones
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August 23, 2021, 05:02:11 PM |
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It reminds me of Warren buffet famous quote that Invest as much as you can afford to lose.
If you can afford to lose all your assets then go ahead n invest everything.
In my opinion, I will prefer to invest some of my savings in btc when it's down n out. Not at current high price.
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Shawn20
Jr. Member
Offline
Activity: 434
Merit: 1
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August 23, 2021, 05:03:44 PM |
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I am not mad to invest all my assets for buying Bitcoin. Though there may be chance to be rich, i can't be rich in few nights. I have to wait for long time so that bitcoin go to that level or have to invest in the down trend so whenever it picks the up trend, i can have the profit. Again, Bitcoin are not stable at all. So there is 50-50 chance to have the profit
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NeverSop
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HODL
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August 23, 2021, 05:08:33 PM |
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Anyone should understand that bitcoin and crypto with risks. Therefore, I will not and will not advise my friends to invest all their assets in bitcoin. Although, bitcoin has the property of turning that risk into opportunity and big profit, but we should invest wisely by keeping or reducing one-time spending for backup or cumulative purchase. , optimizing diversity, for example. It ensures good balance.
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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August 23, 2021, 05:28:14 PM |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
What that family did is madness. A smart investor never invests more than they can afford to lose, and by that logic anybody who puts out everything they've got for sale to get into a a market they've got no experience in is nothing but madness. NO, I'll not do that - I only invest what I can afford, that way I can sleep at night! |
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jinneas
Member
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Activity: 116
Merit: 23
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August 24, 2021, 07:11:01 AM |
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Any investment must invest appropriate funds within the scope of risk tolerance, and make a wise investment.
With the development of cryptocurrency under the digital trend, bitcoin has become a more popular investment. But using all the funds to invest in Bitcoin has a great risk and needs to bear greater losses. The correct investment strategy should be made to diversify investment, invest in different cryptocurrencies to obtain safe and profitable investment opportunities, and reduce risk losses.
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Levero
Jr. Member
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Activity: 54
Merit: 14
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August 24, 2021, 07:11:14 AM |
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Any cryptocurrency is risky and all investments should be within their own limits, should not be made excessive capital investment .
Although Bitcoin is the currency with the longest history of development and value among the cryptocurrencies, but its price fluctuates greatly and it is highly risky. No one can predict the future price trend of Bitcoin with precision, so should make careful analysis and investment .
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noorman0
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August 24, 2021, 07:47:29 AM |
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Every decision has positive and negative consequences, including investing. Sources of advice or inspiration are not only limited to those who have succeeded, we need to learn from the experiences of those who fail to invest. From here we will have a strong reason and know which one you should do.
However, whatever the reasons people in the Op story are not justified. I don't see it as an investment but a desperate family trying their luck.
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