Can I invest my 60% savings in Bitcoin?

[arwin100]

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?

Actually you can do it if you are sure about what you are doing and already have knowledge on cryptocurrency especially on how to trade bitcoin since this could make you earn more money. But if you are a total newbie which maybe it is then try to learn first how to trade because if you invest immediately without expanding your knowledge then provably you will be scared easily when you see a red line currently running in the market. Remember that 60% is a huge loss for your savings so think about it for many times if your knowledge is enough and if you are confidence already on your trading skills.

[taufik123]

If you are confident about 60% of the savings you have allocated for bitcoin investment, of course it will be a good choice. Bitcoin will provide greater returns, but you should pay attention to the current bitcoin market.

If you want to enter, wait for the price to crash and that's a pretty good opportunity, rather than buying because of FOMO, of course, the price will be too high.
The main benchmark is the last ATH at $ 60k and above and maybe bitcoin can reach a new ATH at $ 100k.

You also have to pay attention to the risks that will occur, and remember that the crypto market is very volatile, and prices can change significantly quickly.
If you want to invest for the long term, then set your main target.

There will be no consumer protection. Since cryptocurrencies are not backed by governments or central banks, there is a risk that your investment will go unprotected if something goes wrong.

[GideonGono]

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

Everything could happen in crypto you should be well aware of it, and if you want to invest so much in crypto you should do some research first.
And if you have done it you should know that no matter how high the price is, it could always go back down.

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

Even newbies know how to lessen their loss so how could you have a 100% loss?

waiting for all expert members suggestion?

I am not an expert but it is always the same when it comes to investment "DYOR" and invest only what you could afford to lose.

[goldkingcoiner]

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 sounds like you are emotionally not ready to invest in anything. If you do not feel safe and reassured then you do not understand the potential of Bitcoin. I think if you invest right now, you will spook easily at the next dip and sell everything. And you will lose money because you panicked and sold on a whim, once Bitcoin goes back up.

Try to find out more about Bitcoin, and once you are feeling reassured that you will not panic-sell, go ahead and buy Bitcoin.

But as I said, your current state is too emotional. Not a good state of mind to be in when investing in anything.

[fadhilz123]

Well, you definitely can. But I wouldn't do that, tbh. Invest in BTC only money you can afford to lose. It's still a risky asset, even if we believe in it.

Every investment has a risk, and when you start to understand the level of risk that can arise in an investment, I think you will also feel brave enough to invest in assets that you like and trust. For example, like in Bitcoin, so you won't feel worried when you already know what the potential level is in Bitcoin and you won't be so afraid of the risks that can arise through your investment.

[bettercrypto]

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

It may or maybe not, due to its volatility...

how much Probability for Down ?

no one knows or can say that, because the market is difficult to predict what will happen if it will go up or down.

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

   You must be prepared for what can happen whether it's negative or positive, that's why what's needed here in cryptocurrency is if you're new to it, just invest the money you have in excess and you're ready to lose it.
waiting for all expert members suggestion?

[LogitechMouse]

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

Maybe yes, maybe no.
I mean my prediction for Bitcoin this year is that, it will go sideways at the price range of $17,000-$25,000 and the month of January is over already and the price of Bitcoin is around my price range prediction. It looks like many aren't like Bitcoin to go to $25,000 because the $24,000 acted as a resistance. How much is the probability for it to go down. 50%. After all, Bitcoin only has two options. Either to go up or to go down.

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

You can only experience 100% loss when you invest into a shitcoin, a meme coin, a dead coin, or a scam coin.
With Bitcoin, you can experience losses, but I don't think that you can get 100% loss there unless you will make bad decisions like selling at a wrong time maybe causing you to suffer losses. You buy Bitcoin and hold it. You will not get 100% loss.

waiting for all expert members suggestion?

I'm not an expert, but I can share what I know.

[AverageGlabella]

I have more then 60% of my savings in btc but I would not recommend it. You have to be in the right time of your life and have the mind set to ride the ups and downs that come with being invested in btc. I have experienced some very low points when the price continued to drop a couple of months ago. Fortunately I have the support of the people around me who believe in me which has allowed me to believe in my investment. If you do not have that support and do not have the belief that btc will continue to rise because adoption will continue to rise then I would say no you would be making a mistake and it could end in disaster. I took many months to make my decision and many conversations with my wife about it. She gave me her full support and without it I would have never made the plunge. The WO guys have been a great help to because most of them believe in btc and give their reasons why they do. JJG is one of the most underrated members of this forum who has helped many people like me to stick to their guns and indirectly made a lot of people money from his wisdom.

[michellee]

You can invest as much as 60% of your savings in bitcoins, but it is not recommended, especially if you have large monthly expenses. And you should consider unexpected expenses you can experience at any time. Maybe you can invest in bitcoin by 20% -30% of your savings and use the other money for other purposes. But it's up to you because it is your final decision and we can only suggest it. We don't want you to experience difficulties in investing in bitcoin, so we don't recommend using 60% of your savings to invest in bitcoin.

[Gallar]

if you invest in bitcoin, of course you have to know about the risks that will be faced.
if you think negatively, you invest in bitcoin indirectly you also have to be prepared to lose the money you invest.but that's very unlikely,I write like this so that you think more about the amount of savings or money you have to save invest.
you invest in bitcoin must be really cold money, and will not be used for a long time.

you invest in bitcoin with a savings of 60%?
it doesn't matter, as long as the money won't be used for a very long time.

[Bobrox]

Not matter with how many percent your cryptocurrency saving in Bitcoin based on your confidence, I have 50% my assets investment in Bitcoin and left than 50% I spent for three altcoin kinds from Ethereum, Binance coin until XRP coin. I don't think bad with your investment 60% hold in Bitcoin because you can earn huge profit later when Bitcoin going back to the higher price.

But still worth if huge fund investing in altcoin than Bitcoin because altcoin have drastically going up price but depending with potential or top ten coin market cap position standing. But don't forget if you try investing in Bitcoin for 60% from your saving better waiting when Bitcoin back to the lower price.

[eddie.gouws]

There is no single right answer to this question, as it depends on your own situation and goals when it comes to investing. However, if you are considering investing 50% of your savings in Bitcoin, here are a few things to consider before making the decision.

First off, Bitcoin is a digital currency, with fluctuating values that are not backed by any central government or organizations. It may be attractive for its potential for capital gains in the long-term, however investors should exercise caution when dealing with cryptocurrency - particularly if they plan to invest a large portion of their savings into it. Bitcoin can be volatile at times due to its unregulated nature and there have been significant losses reported over the years from people investing heavily in the currency without fully understanding all of the risk factors involved.

It’s important to use financial savvy and do proper research before committing your hard-earned money into such an investment option like bitcoin. One way many people assess whether bitcoin is worth investing in or not is by researching long-term trends of past price performance against other investments such as stocks or gold metals The upward trend suggests that some believe the currency will increase in value over time; however this isn't necessarily guaranteed so again extreme caution should be taken when weighing up what percentage of your assets should be used on Bitcoin investments.

Ultimately whether or not you decide to invest 50% of your savings into bitcoin will depend largely upon how much risk aversion you have - meaning how comfortable you feel taking risks with highly speculative/unstable assets where gains come purely from future market value appreciation rather than dividend income derived from an underlying asset class exchange listed securities etc. There can also often be extended downtimes caused by market forces like security threats which could lead uninsured customers suffering major losses if they haven't adequately protected themselves beforehand via insurance contracts hedging strategies etc.. Ultimately it's best practice for individuals looking into crypto investments like bitcoins (or anything similar) understand all their risks associated before committing large portions their hard earned money towards them....so take care!

[TravelMug]

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

Yes and No.

how much Probability for Down ?

No one knows, market is very volatile.

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

waiting for all expert members suggestion?

There is no expert here, majority here just make predictions just like you and me. It could be educated guess and so it's not 100% guarantee if we advise you to put your savings to bitcoin. Still up to you how you can take your losses.

[salad daging]

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

It's possible for bitcoin to drop below $20k because this is a very real drop in bitcoin to a level of $20k very close to its current price if bitcoin corrects again then there's a chance it will happen then what is your comparison? When bitcoin is below the $20k level will you make an entry?

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

waiting for all expert members suggestion?

If you don't want to bear a loss of up to 100% then don't choose an altcoin to invest because this will be disposal later and choose bitcoin then you won't bear all the losses unless you don't sell it, bitcoin will be more meaningful than altcoins so it's clearer for a long time holding bitcoin then it will be much better I think you will get decent profit in long term.

Then invest 60% of your savings, of course you can as long as you have to be prepared for this scenario and never use it for the short term.

[tygeade]

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

waiting for all expert members suggestion?

Seems you already answering your question here, then the answer for me is also a YES. If you can afford some loss, then only invest what you can afford.
Since we are talking savings here, always don't go all in, I agree that you allocated 60% which is good, so other percentage, you can use it as emergency funds especially if you have a family, it's a big help.

I think if you have "savings" then that should be money you are willing to lose anyway, and I do not mean willing to lose as taking a risk, but more like that is not the money you live with.

I won't put all my salary into bitcoin for example, why would I do that, I would lose all my money and that would be terrible and how would I survive, but I would definitely put % some of my salary in it, because that would be my savings and not the money I live with. That is how people should approach it, something to invest accordingly and that would be a lot better. I think it's quite important to focus on these things so that you could make a profit from them accordingly.

[Frankolala]

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

A capital YES, it is impossible to predict bitcoin price accurately, but we can assume the price  based on the cyclic movement of bitcoin. The price is on consolidation and anything can happen at this moment.

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

If you want to enjoy your bitcoin profit,you should think of a long term investment, so that you don't worry about any lost because you will surely make a good profit if you can hodi for a long period when bitcoin get to its halving and after that it will hit its ATH. Patient is what investment is all about

[yhiaali3]

Absolutely, yes you can, obviously almost everyone agrees that the 15k was the bottom for Bitcoin, so it is very unlikely that it will go back to that point at the moment.

The market is currently looking bullish and there are still opportunities to enter and invest for the long term before achieving the expected ATH by everyone.

But of course, I advise you to follow the DCA strategy, which means not to buy directly from the current point, but to buy from several areas to get a good average price.

[dunfida]

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?

When we do speak about going down - NO ONE REALLY KNOWS
If we do speak about on when it would be going up - NO ONE REALLY KNOWS!
Experts? - WE ARE ALL SPECULATORS  ON HERE

On this market which is truly that unpredictable and putting up 60% of your savings is really up to you.We do have different risk management which
causes for out to make up some choices whether we do push through or not.

[sunsilk]

To answer about your savings, from my perspective, I can say that conveniently with a YES. It's not my money but I've done that alone and that's why I can answer like that.

However, you and I might be in a different situation where I can adjust to my finances and currently able to have that savings but eventually will have to take a big portion from my savings to attend the other needs that I may have financially.

To break it down, you'll still be having that direction in the thought of "Only invest what you can afford to lose."

[Fundamentals Of]

I would have withheld my opinion and suggestion since you're asking them from expert members, but since even these so-called experts cannot really give guarantees and accurate predictions, I might as well give mine.

Bitcoin could crash to $20,000 and below anytime. That's always an open possibility. Take that into consideration. The price is just $3,000 above $20,000. But whatever loss you will get in case that happens is just paper loss. Just hodl strong. Never sell with a big loss. The price will always recover at some point.

Selling with a big loss is only an extreme action in the face of extreme emergency or certainty of a bigger fall for a buyback later on. Since the latter is next to impossible to determine, you are left with the former. And to somehow minimize it, just invest what you can afford to lose. Is that 60% of your savings an amount you can afford to lose?