Can I invest my 60% savings in Bitcoin?

[GigaBit]

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss  

waiting for all expert members suggestion?

If you think you will lose by investing in Bitcoin then I think you should not invest. Because there are several things you need to consider before investing in this platform. The first condition of investing in Bitcoin is that you have to wait patiently. You need to hold bitcoins until you reach your goal. Also, avoid the tendency to withdraw the money you invest. Because Bitcoin is the fruit of a long-term plan. Also an important point is that you should invest as much as you can afford to lose. Since you say you are not willing to lose 100%. I would say this is the best investment if you want to hold Bitcoin for the long term ‍and it also worthy to invest your 60% your savings. Cautions and risks must be known before investing.

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[tabas]

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

If you think you will lose by investing in Bitcoin then I think you should not invest.

He's willing to lose and understands that there's risk upon investing but IMHO that doesn't what he means to say that he'd definitely lose.

[jaberwock]

Although in conclusion it depends on how one allocates the investment amount taken, I don't think it is right for beginners to take the approach of 60% of their savings for investment. To be honest, we are not at the stage of saying that bitcoin will give them a loss, even when market conditions crash and make the decision to cut loss in a panic, but rather to educate how beginners control their attitude in making decisions that can bring them to the stage of perfection in choosing and decide something.

Because I am Sure the beginners we mean to understand about bitcoin and they know how bitcoin works so far, except those who are truly beginners in terms of knowledge about bitcoin and i also do not agree to hold anything than bitcoin for the long term. Because there will be many risks encountered and difficits to return to the previous price, especially in investing requires planning and strategies to get the appropriate return.

Doesn't matter if we are a noob or not, but 60 percent will always remain to be 60 percent, and it was big. It would be better if we reduced this amount to 10 to 20 percent so that we won't worry too much by the time Bitcoin is dumping heavily and may seem hard to recover anymore. I know Bitcoin isn't new and it already has a history of epic recoveries but man, we still can't predict the future.

Also, people may got bored of waiting so they will just sell at a loss. Other than in Bitcoin there are still altcoins which can also work better for the long term. I think we already know about them but Ethereum is still currently the best and safest choice among others.

[ScamViruS]

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

Before investing everyone thinks he will get the best return on his investment but can see the real result after investing. Because the market has seen many unexpected movements due to which even experienced investors have lost money by huge margins.

Therefore, it is important to manage money in investing so that even after seeing unexpected results, one's financial situation does not go to a very bad level. So 60%-10% is not a fixed amount, it depends on the financial and emotional status of that investor.

[tabas]

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

Before investing everyone thinks he will get the best return on his investment but can see the real result after investing. Because the market has seen many unexpected movements due to which even experienced investors have lost money by huge margins.

Therefore, it is important to manage money in investing so that even after seeing unexpected results, one's financial situation does not go to a very bad level. So 60%-10% is not a fixed amount, it depends on the financial and emotional status of that investor.

That's about being optimistic when someone invests and I'm also like that whenever I've got other investments on the process. I just think that everything is going to be well but before thinking like that, I make sure that I know what I do and so I don't regret with my decisions and it never happened to me for having bitcoin. What I just did wrong is when I need to sell forcely because of the circumstances that I've faced before and just as I've said, it changes with things that we deal personally. So if OP is in good condition and don't have to think a lot of circumstances, he has to take that opportunity once and for all before anything happens. Because if it does, he may not be able to invest just as what he's said about placing 60% from his savings but as he do that, he needs to carefully review his status first if it's really doable.

[ScamViruS]

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

Before investing everyone thinks he will get the best return on his investment but can see the real result after investing. Because the market has seen many unexpected movements due to which even experienced investors have lost money by huge margins.

Therefore, it is important to manage money in investing so that even after seeing unexpected results, one's financial situation does not go to a very bad level. So 60%-10% is not a fixed amount, it depends on the financial and emotional status of that investor.

That's about being optimistic when someone invests and I'm also like that whenever I've got other investments on the process. I just think that everything is going to be well but before thinking like that, I make sure that I know what I do and so I don't regret with my decisions and it never happened to me for having bitcoin. What I just did wrong is when I need to sell forcely because of the circumstances that I've faced before and just as I've said, it changes with things that we deal personally. So if OP is in good condition and don't have to think a lot of circumstances, he has to take that opportunity once and for all before anything happens. Because if it does, he may not be able to invest just as what he's said about placing 60% from his savings but as he do that, he needs to carefully review his status first if it's really doable.

When it comes to investing, think like a professional investor. Future potential investment can return the invested capital of the investor with profit. Any loss is painful, since an investor will invest part of his/her savings, we think he will not regret after making a loss, but if he/she faces a loss after making a loss, he/she will regret it. So investing with proper market research is most important because even a small loss will be recorded as a loss at the end of the day. And no investor wants to lose even if it is a small amount of his/her savings.

[Oilacris]

How much is that some that you can lose? Only you can answer on how much you're willing to invest, if it's 60% then that's it. Risk appetite of each of us changes based on the circumstances that we're facing. You may say that you're okay with that percentage for now but it could change tomorrow if some unexpected things happen and vice versa.

Before investing everyone thinks he will get the best return on his investment but can see the real result after investing. Because the market has seen many unexpected movements due to which even experienced investors have lost money by huge margins.

Therefore, it is important to manage money in investing so that even after seeing unexpected results, one's financial situation does not go to a very bad level. So 60%-10% is not a fixed amount, it depends on the financial and emotional status of that investor.

That's about being optimistic when someone invests and I'm also like that whenever I've got other investments on the process. I just think that everything is going to be well but before thinking like that, I make sure that I know what I do and so I don't regret with my decisions and it never happened to me for having bitcoin. What I just did wrong is when I need to sell forcely because of the circumstances that I've faced before and just as I've said, it changes with things that we deal personally. So if OP is in good condition and don't have to think a lot of circumstances, he has to take that opportunity once and for all before anything happens. Because if it does, he may not be able to invest just as what he's said about placing 60% from his savings but as he do that, he needs to carefully review his status first if it's really doable.

When it comes to investing, think like a professional investor. Future potential investment can return the invested capital of the investor with profit. Any loss is painful, since an investor will invest part of his/her savings, we think he will not regret after making a loss, but if he/she faces a loss after making a loss, he/she will regret it. So investing with proper market research is most important because even a small loss will be recorded as a loss at the end of the day. And no investor wants to lose even if it is a small amount of his/her savings.

Not only limited on investing but also in other things as well on which you would really be needing to be that thinking that carefully whether it would really be something beneficial or not.
When it comes to savings then its up to you on how you would be handling it.Important thing is that you wont really be going in all in specially with your savings.
Allocating 60% is already that too dangerous because we do know on how risky crypto investment is but if you could be able to accept and bare up with the risk
then its up into your choice whether you do proceed or not.

[MarjorieZimmermanGinger]

Doesn't matter if we are a noob or not, but 60 percent will always remain to be 60 percent, and it was big. It would be better if we reduced this amount to 10 to 20 percent so that we won't worry too much by the time Bitcoin is dumping heavily and may seem hard to recover anymore. I know Bitcoin isn't new and it already has a history of epic recoveries but man, we still can't predict the future.

Also, people may got bored of waiting so they will just sell at a loss. Other than in Bitcoin there are still altcoins which can also work better for the long term. I think we already know about them but Ethereum is still currently the best and safest choice among others.

Maybe the 20-30% figure is more suitable for them in taking the approach and trying to start investing, they can add slowly according to the knowledge they already have. No need to worry about the future of bitcoin, just look at the process of its journey when there is no price, then compare it when everything passes and bitcoin has value as proof of the doubts many people have about predictions at that time. Isn't it believed that bitcoin is the best long-term asset capable of maintaining value?

We can see evidence of all that historically and fundamentally bitcoin, boredom occurs and selling it is the part of people who have no knowledge of bitcoin and this case is much smaller in practice. I prefer to talk about bitcoin, even though Ethereum is also the best choice in class Altcoins, but not representative of the best future store of value and assets.

[Sebas.tian]

bitcoin can Crashed again Below $20K Level or Not ?

Bitcoin can crash again in this season but not below $20,000, because the current price is still between 23,000 and $24,000 which is a sign that this year 2023 will be a better year compared to last year were the price of Bitcoin decreased more than $20,000 that made many traders to experienced losses from their investments. If you have the money to invest, I believe this is the right time to invest in Bitcoin because the price will definitely hit $50,000 before the end of this year to make those that invested in the past to smile. Now that the green light is preparing to remain stable for the price to increase to a level traders will believe that it will be difficult for the price to crash down to $20,000 again in this year.

[kotajikikox]

Many people are too eager to buy bitcoin, unfortunately when there is a difficult situation such as a red market like 2022 then they stop and immediately sell even with a loss condition, in my opinion this is a big mistake, better investment with a small amount that we can think of missing, and The most important thing is to be patient for hold, if we can hold at least 4 years then we have the opportunity to get a profit of 200% or maybe more.

those are chance investors and not a believer that is why the small changes in market makes them panic and sell out in which we don't need them in the adoption of cryptocurrency because they are the one that makes the market more volatile and not so even trustworthy over the years.


in same manner that we must maintain our trust and belief in this currency if we truly wanted to see the worldwide adaptation .

[xSkylarx]

The people right now is really want to invest big but scared of the risk of it.  You can really invest 60% of what wealth you have, but make sure you can afford to lose it. It doesn't mean that if you invest, you are sure that you'll make a profit. That's not how it works; you still go through a lot of things, which is why others will tell you to invest only what you can afford to lose. Though the longer you hold bitcoin, the better, as you have a high chance to earn profit.

[Xcode7]

bitcoin can Crashed again Below $20K Level or Not ?

Bitcoin can crash again in this season but not below $20,000, because the current price is still between 23,000 and $24,000 which is a sign that this year 2023 will be a better year compared to last year were the price of Bitcoin decreased more than $20,000 that made many traders to experienced losses from their investments. If you have the money to invest, I believe this is the right time to invest in Bitcoin because the price will definitely hit $50,000 before the end of this year to make those that invested in the past to smile. Now that the green light is preparing to remain stable for the price to increase to a level traders will believe that it will be difficult for the price to crash down to $20,000 again in this year.

at the beginning of this year, the Bitcoin price movement was quite good even though it increased slowly but no one knows for sure in the future what is certain is that a price correction will still occur whether it will be below $ 20K or not.
to invest in Bitcoin up to now is still pretty good even though we have passed many good opportunities so that until today the future is still predicted to be bright.
however, in investing in Bitcoin anything can happen, there is no guarantee that it will experience profits, only the uncertain percentages that we will get later.

what is certain is that whatever amount of investment is set aside from savings to buy Bitcoin it is the right step, because many people are now doing the same thing, risk is a natural thing that will be encountered but it is all worth the possibility that will be obtained, don't worry about it.

[peter0425]

The people right now is really want to invest big but scared of the risk of it.  You can really invest 60% of what wealth you have, but make sure you can afford to lose it. It doesn't mean that if you invest, you are sure that you'll make a profit. That's not how it works; you still go through a lot of things, which is why others will tell you to invest only what you can afford to lose. Though the longer you hold bitcoin, the better, as you have a high chance to earn profit.

talking about bitcoin , there is no complete risk if we are willing or can carry tokeep the funds holding because for how many years now, 12-13 years? we have proven how profitable this coin every 4 years cycle so if we can afford to risk that then surely he can even invest 80% if not needed that soon .

Just invest what you want to lose

it is wrong to use that word "WANT TO LOSE" because we are investing to wanted to earn and that is not the right term to deliver .

[BigBos]

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss  

waiting for all expert members suggestion?

It is a good decision if you invest 60% of your savings in bitcoin, in other words you have 100% of your savings and of course you have managed your needs well so that you have savings and risk funds or emergency funds for your needs in the next few months. . 40% of savings if you feel enough with it to cover unexpected budgets beyond the budget needs that you have made before.
Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.

I am not an expert on this but if you look at history the cycles will always repeat, you will not lose 100% of your money in bitcoin but it will be lost if you keep it in altcoins.
If you talk about going up or down again for bitcoin, I don't think you need to be afraid because you can use the DCA strategy to reduce frustration when it goes down and for sure bitcoin will return to its highest price and you just need to be patient.

[cafee_orange]

bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss  

waiting for all expert members suggestion?

yes, it is possible that the price value that is currently owned by Bitcoin will go back down to 20K $. but make sure that it is not permanent, and chances are usually after a drop Bitcoin will continue to be pumped beyond its previous price.
and you don't need to bear losses, if you are an investor what you need is your patient attitude when the value goes down after you hold it. and this goes for all investors i guess

[erep]

It is a good decision if you invest 60% of your savings in bitcoin, in other words you have 100% of your savings and of course you have managed your needs well so that you have savings and risk funds or emergency funds for your needs in the next few months. . 40% of savings if you feel enough with it to cover unexpected budgets beyond the budget needs that you have made before.
Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.

I don't agree with your question, maybe 40% for investment is realistic for long term investment and 60% for allocation for priority needs and some for unexpected urgent needs, if you increase more funds for investment then something you have to cut crypto investment costs for priority needs because you do not have other funds if there is an urgent need for medical expenses. So a wise investor will never allocate investment higher than priority needs, moreover crypto investment is also a high risk unless you are willing to hold it for the next few years.

[Jody.Drummer]

The investment hope is of course profit, if we look at the bitcoin investment record it will be difficult to hope for profit in the short term, it doesn't matter if we want to invest around 60% of the total assets we have, as long as we don't panic and hold for at least 3 years then we have a chance to earn big profits.

I think it's too risky. It's great to invest in bitcoin but 60 percent of your savings is obviously quite large. Even though it is indeed very good, we also have to pay attention to the conditions in which we live and still need funds for it. I think we have to realize that good financial management will not make choices by placing big risks, at least we have to think about situations where we can be unexpected. Investing for the long term and placing the meaning is clear that we cannot make any steps arbitrarily because this is related to the funds we have.

[TimeTeller]

The investment hope is of course profit, if we look at the bitcoin investment record it will be difficult to hope for profit in the short term, it doesn't matter if we want to invest around 60% of the total assets we have, as long as we don't panic and hold for at least 3 years then we have a chance to earn big profits.

I think it's too risky. It's great to invest in bitcoin but 60 percent of your savings is obviously quite large. Even though it is indeed very good, we also have to pay attention to the conditions in which we live and still need funds for it. I think we have to realize that good financial management will not make choices by placing big risks, at least we have to think about situations where we can be unexpected. Investing for the long term and placing the meaning is clear that we cannot make any steps arbitrarily because this is related to the funds we have.

The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.

[aksplace]

The OP mentioned he can't bear 100% loss, that I can say, he won't suffer such.
Because as we have seen, thousands of alts come and go and yet, bitcoin still remains on top of its position.
However, allotting 60% is quite large in my opinion also. He needs to assess his financial situation if he can afford long-term investment.
But if he has urgent needs in the next couple of months or so, he better re-evaluate how much he needs to put in btc.

He must re-evaluate the distribution of his financial use to determine how much the allocation of funds is appropriate for investment and basic needs, but allocating 60% is highly discouraged for investment and he must cut 30% for the recommended amount for investment. however, he must prioritize finances for priority needs, urgent needs, and some of the funds from his savings are distributed for long-term crypto investments.

[Dickiy]

It is a good decision if you invest 60% of your savings in bitcoin, in other words you have 100% of your savings and of course you have managed your needs well so that you have savings and risk funds or emergency funds for your needs in the next few months. . 40% of savings if you feel enough with it to cover unexpected budgets beyond the budget needs that you have made before.
Maybe I'm trying to understand that 60% is from savings not from the income you have, so I totally agree about investing 60% of savings.

I don't agree with your question, maybe 40% for investment is realistic for long term investment and 60% for allocation for priority needs and some for unexpected urgent needs, if you increase more funds for investment then something you have to cut crypto investment costs for priority needs because you do not have other funds if there is an urgent need for medical expenses. So a wise investor will never allocate investment higher than priority needs, moreover crypto investment is also a high risk unless you are willing to hold it for the next few years.

If you pay attention to what he saying, maybe you won't be wrong, he mean 60%, if all budgets have been made, both emergency funds, health and basic and unexpected needs are outside of investment savings funds, then 100% of savings funds are free money without being tied to anything that is saved, so using 60% of the funds to get into bitcoin is the right decision and the remaining 40% of the free savings fund is a fund to cover if there are expenses that are more than what has been arranged in budget.
He talking crypto, namely bitcoin, not altcoins, so of course the focus is on the long term, yes, at least for the present moment, it's more or less a year and a half away.