Can I invest my 60% savings in Bitcoin?

[Sandra99]

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?

[1714308622]

1714308622

[1714308622]

1714308622

[Upgrade00]

Your text is almost intelligible, so I'll focus on the topic title;

Can I invest my 60% savings in Bitcoin?
Yes you can, you can pretty much do whatever you want with your money.
Should you however is a different question and I would consider it unwise to invest that amount into an asset.
That's was more than you can afford to lose.Is this your live savings or amounts you've been keeping aside for investments?

[Charles-Tim]

Yes, bitcoin can plummet back below $20000, but if you do not sell, bitcoin remain bitcoin and it will only be an unrealized loss. There is possibility of it getting back above $20000. If you think bitcoin price can increased much more and more above $20000, you can invest in it, the price is still low in my opinion. But invest the money you are not using for months to a year or 2 on bitcoin.

[bittraffic]

If the signals were true that these spikes will continue, we might not see below $20k again.
You know $20k is already low compared to $69k which was the AATH back in 2021. You don't wanna wait until you feel like you missed some profits that could have been made when you do it earlier.

As of now, I think traders are only looking at 4-hour charts to trade. Opportunity knocks many times in crypto so when it dips, buy.

[BenCodie]

If you want a "lowest possible" number to expect, I have been rolling with $10-$12k bottom IF there is another bottom further than $15k. I think it's possible this year. It would make the most sense to me. At the same time, we are already quite low. Though I think this rationale is what is getting retail involved again...and when retail get involved, dump it. This last drop will crush souls, then, pump it. Not financial advice though. This just makes sense to me.

[Mr.right85]

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  

When it comes to investment advice, it's always best that you DYOR. It's always not a best option on rhe side of the one giving the advice to point you in a direction. Eventually, your blames gets laid on the adviser and that's not a very good thing to do.

In respect of the above, I'll say, a 100% lose can only come into plat when bitcoin loses all its value $0.00. From history and how bitcoin has been carrying, that's not going to happen. It might drop or devalue but always soon goes back up and that down/up movement is vital towards a healthy market.

What defines your profit is how long your willing to hold on when it goes bearish. If you can afford not to panic sell or even sell with any small pump, your going to have your profit metre counting.

[jeraldskie11]

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, that's possible. Market is unpredictable, it can go wherever it wants depends on the supply and demand. If the supply is higher than demand, the price will go down, and if the demand is higher than supply, the price will go up. If we look btc chart, we can see that the price is in consolidation phase after a big pump means there's lack of demand so we expect for retracement that can be possible to go to that price before it will continue to go up.

If you're using spot trading, I suggest not sell if the price goes back to that area because you will only get loss if you sell below at your entry. If you're trading with leverage, I suggest to put stop loss with calculated risk 60% only.

[Agbe]

OP you're welcome. From question you ask, I will say yes and also no. Yes in the sense that, this is the best time to invest on bitcoin though the market will still go down but saving is not good because it is stagnant. But if you invest in bitcoin for long term of 4 to 6 years of time, your will appreciate your investment. But you have to understand the market before investing don't just invest. Then no, in the sense that, there is risky in the market so if you are not a professional you will lost everything and blame people about it so instead go and learn more about the investment some times before investing with your 60%. Investment doesn't run anytime you are fully ready, you can invest. Calm down and learn more

[White pawn]

You should only invest what you can afford to lose. If you can’t afford to lose a hundred percent of your investments without having a mental breakdown and thoughts of ending it all, then I would advise you not to invest in anything especially bitcoin for your own safety.
I should point out that you should not let expert members opinions sway you into making the right decisions that would be wrong for you at this point.

[uneng]

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

Yes.

how much Probability for Down ?

Probability of 50% downside and 50% upside.

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

For how long are you willing to hold your coins? In my opinion every investments in btc should be made focused on long term returns (it can take years holding until you have profit). And if you can't bear total losses, just invest the amount of money you can afford to lose.

[Japinat]

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?

Well, it's indeed true that Bitcoin can crash in any given time and that's unpredictable. So, it's no use about asking here for some probabilities because no one can actually predict the future. But for your question, "can you invest your 60% of your savings in Bitcoin?", certainly yes as long it's a savings and it's a spare funds that you won't be using in terms of an unfortunate event that needs emergency funds.

Just one thing though, make sure you're looking for a long-term holding for that and know bitcoin first before investing on it so that you're not moving blind.

[Odusko]

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

The probability is high and unpredictable and at that you should be aware that bitcoin can not crashed and that is a wrong usage of words, its probably because of your experience and understanding of bitcoin.
But what you should also know is that there is always a possibility, that bitcoin will rise above and never return back to 20k never but that is not certain also.

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

waiting for all expert members suggestions?

I don't think you will lose in Bitcoin unless you sell your bitcoin below the bought price, but to say a total 100% crashd is not possible.
100% loss can only happen with altcoin and not Bitcoin

[The Cryptovator]

It's fairly common to put 60% of your portfolio into bitcoin. Thus, in my opinion, it's a respectable percentage. You must make your own financial decisions; this is not financial advice. No one in this space is qualified to respond to your other inquiries. What do you mean by a 100% loss? I'm not sure. Because Bitcoin would crash but not go to zero, you couldn't lose 100% of your investment. If the price of bitcoin drops by 100%, you will have lost 50% of your investment. So 100% loss and dump are not equivalent.

[cabron]

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?

Even if it goes below 20k for now, you will still make money if you just hold for another year. Unless you are investing for the short term like dor a few days or weeks, I don't see you making a lot. For longterm and buying at $23k is still fine. Yes, where else can the price go but up.

The rest of us probably invest more than 60% of thier savings in BTC. Mine so far is somewhat 50% since cash still is the best to hold when there is uncertainty. But the more you hold BTC, the more profit you could make when the price goes to another ATH.

[hatshepsut93]

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

yes it can

how much Probability for Down ?

No one can say for sure. We know that in 2024 there will be halvening and in the past the bull markets started shortly after. Everything else is baseless speculation.

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

It's not going to be a 100% loss with Bitcoin, but in worst case it can be 80-90% loss. Can you afford to hold at a loss for years hoping for a bull market? Or will you at some point in the near future need those money? That's what you should be asking.

[mk4]

Lol you're likely to not get 100% loss on bitcoin unless you buy on leverage, or if you get hacked or scammed. Bitcoin can crash 50% or more, but a 100% loss? That's too unlikely that you might as well say it's impossible.

[PrivacyG]

Do you actually think any of us can give you an accurate answer?

You are scared for your life to lose money in Bitcoin and you are asking Bitcoiners whether it is a good idea to invest in Bitcoin.  Sort of like asking an obsessive car collector whether it is a good idea to collect cars.

Where has common sense gone?

-
Regards,
PrivacyG

[NeuroticFish]

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

Nothing is impossible, especially on short term.
Even on long term, we don't have crystal globes here. It's a Bitcoin forum here, so you'll find out that we trust Bitcoin and we think that its price will grow, still, Bitcoin is a rather risky investment and you should invest only money you afford to lose and only if you understand what you're doing (because bitcoin is also very easy to get stolen).

how much Probability for Down ?

I think it's not too big, but I'm no expert and I was wrong before with my expectations.

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

100% loss by price going down is highly unlikely. However, as I said, you also need to learn to protect your coins properly against theft. And, as FTX story shown us, you will have to learn to be your own bank.

waiting for all expert members suggestion?

Whoever calls himself expert will be proven wrong by the history. We're just normal people and we may or may not be wrong. You should gather all the information you can get and take your own decisions.

Sort of like asking an obsessive car collector whether it is a good idea to collect cars.

And yet, most of the answers are not bad at all (including yours!)

[albon]

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

Stay in the market and do not be afraid of correction, it does not matter the small loss, maintain your presence in the market, and invest in what you can lose, 60% varies from person to person according to his needs. You can invest a smaller percentage if you do not believe in Bitcoin, but in my opinion, even if Bitcoin goes down below the $20K Level I will not sell, because I trust that the next small storm with a price correction and that the bull comes very quickly and I must be there, do not let the FUD affect you and make you lose hope, do your own analysis and wait for the good time to enter.

[BitMaxz]

Honestly, no one knows what will be the next price movement of Bitcoin but if you already know the history of Bitcoin since before then investing your savings into Bitcoin is a good choice.
However, since Bitcoin is volatile there is also a chance that Bitcoin may drop again below $20k so if you don't want to lose that chance invest only 30% on the current price and then the remaining 30% invest it again when the price drop below $20k or depending on how much you want to invest.

And take note there are many newbies lost due to selling their coins early when they see price drop you must learn to control your feelings because Bitcoin is for long-term investment not for day trading.