Precisely or erroneous

[nara1892]

Very extraordinary your courage in investing 50% of your salary to invest in bitcoin. Maybe you have calculated everything, I mean 50% of your salary is enough to meet your needs, right? Do you have other savings (not in the form of bitcoin)? If not, I think you should split it again so you can save. Bitcoin won't go up forever, a bear market can happen any time. I mean don't let you later have to sell bitcoin in a downturn because you don't have a savings set aside for an emergency fund. Things like this must be considered too, because it's not uncommon for people to sell bitcoins in a bear market because they really have to.

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[panganib999]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

Not a problem, I think as long you can weather and afford the losses you could incur from investing that much money on bitcoin. You should know by now that bitcoin isn't always rainbows and butterflies and there are times that people lose significant portions of their investments in one go. Be always mindful of that. you strike me as someone who has very little parental responsibilities so I think it's something you can handle for now and I think it's smart you're learning about investing as early as now. Coz it gets progressively harder to invest as time goes by. In any case do a little research and look into diversifying your portfolio more as that could almost always lead to better profits and financial security on your funds, there's a saying in investment that holds true even to this day, "do not put all your eggs in one basket".

[Die_empty]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary in bitcoin, mostly now that everybody on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds.

Saving in fiat is not advisable because inflation can make it worthless in a few years. My country's currency has lost almost 50% of its worth in less than one year. Although bitcoin is not a guaranteed hedge against inflation at least it could serve as a little protection from the decreasing purchasing power of most currencies because bitcoin price can increase. You took the right decision and saving 50% of your income is commendable, maybe you don't currently have a family that depends on you.

[youdacapt]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

Well, i have always believed that investment into bitcoin are determined on a personal level; if investing your 50% wage into btc monthly does not derail or affect your day to day transactional need for money then you have zero issues at all. So the question is are you buying btc to accumulate some high level of satoshi or you are buying low to sell high? Having a precise intent before investing is pivotal

[Gyfts]

I hope what am doing isn't a bad idea for not saving funds?

Depends if you would need liquidity short term. Only you would be aware of your financial situation to make that call. Should you hold enough fiat to not require liquidity within the next few years, then you're probably in a reasonable position.

I'd also add -- it's wise not to hold onto a currency that is systematically stealing your purchasing power by 2% yearly at a minimum. Of course, 2% is what the central banks aim for on a good year. Over recent years it's been near double digits for some currency.

[Hydrogen]

I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

This is a difficult question to answer. Some say that an investor should expect to lose a significant sum of money, before they gain the skill and experience necessary to be consistently profitable. Investment might have a learning curve to it. While I have seen people with no prior experience make money buying stocks and investing. It usually doesn't last. The success makes them bold, in a way which can lead to the opposite of success.

I hope everyone is able to profit from their investments. It might be fair to say, we all win and lose at times. All we can do is try to make better choices and learn from our mistakes. Bitcoin is awesome. I love it. Although it might be said that one key to being a good investor isn't to bet the house on high volatility assets. But rather to find opportunities with a high potential for profit with a low risk factor. You see this in gambling all of the time. Everyone wants to bet on the main event headliner. When they might be better off skipping the main event and looking for opportunities with lower risk on the undercard.

Investing doesn't have to be a "go big or go home" type of thing. You don't have to bet your life on whichever asset is closest in reach. A huge part of the game is searching for better opportunities. Most will not take the time to search for other options. Leaving a good potential of gains for those who do.

[Yatsan]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

As long as you can manage the risks involved from doing so, it would be fine. Problem with investment is having limited resources and funds which is why their plans are being altered at some times wherein they are being pushed to sell early which sometimes results to loss. It is also a good thing to invest only half of your savings and not majority of it, in such way you'd still be able to sustain your daily expenses without worrying of suddenly pulling your investment out.Also, that is the downside of saving wherein you are setting aside the potential of making it bigger on a faster manner than to just pile it up until satisfaction. Pros of saving on the other hand is avoiding to deal with risks.

[Smartvirus]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.

There are two individuals that have got this authority to move threads. One of the two individuals is you and the other is the moderators. Can't say for other forum authorities but, to move a thread, you could as well report it or do it yourself if it inst noticed and moved by moderators.
To move a thread, check now your screen at the left hand side, you would find a lock/move icon. Click, follow the directives and select a board of interest then, move.

I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

Having to invest a portion of your earnings in bitcoin is a good choice if you ask me. So long as you get to understand that, its kit always a win situation as, you could choose to withdraw early and not mind even if it was in a lose. If you've got a longterm plan for your investment, that would be go a long way in helping you.

[milewilda]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

50% of your salary would be stored or converted through bitcoins is somewhat too much on my part but since its your money then you could choose up on whatever suits you.We have monthly
expenses and day to day ones too which it is really hard to make a budget unless if you are earning that much compared into those average workers then you are really that in a great advantage.
In speaking about if the decision you do make is good then it is really that just right but as long you do know the risk involved on crypto investment then it should be fine.
You should expect the unexpected as always as this market does have lots of surprises.

[rat03gopoh]

because to me is a total waist because it's not giving me any profits.

Yes but it also doesn't offer a loss rate as big as bitcoin volatility. The question shouldn't be "Precisely or erroneous", but whether you're ready or not for the worst case scenario. Because you're here expecting a profit, as long as you hold on to these funds as much as possible to reduce the desire to spend them before your profit target is achieved.

[Razmirraz]

Fiat money cannot be profitable if you keep it in the bank, but you can manage your finances wisely from a portion of your monthly salary. investing 50% of your monthly salary in bitcoin is not a bad idea, you hope that Bitcoin can give you multiple returns when the price starts to increase. But that's just a hope, no guarantee there. Any form of investment is not free from risk, you must be prepared if the worst happens.

[DanWalker]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

It sounds simple, but everything is challenging. You need to know that investment is risk, don't just think about profits and forget the risk can also occur, and Bitcoin is the riskiest investment, the higher the profit, the higher the risk. You need to make sure you are investing with the amount of money that may be lost, meaning that if Bitcoin, unfortunately, collapses or disappears, it will not affect your life.

We don't know how much your income is and what your daily spending is, so we don't have any specific advice. 50% of the monthly salary is a lot to invest in Bitcoin, but if you have a large source of income, it will not be a problem.

[BRINIRHA]

As long as you have considered the risks taken. then it's still the right thing. because we believe the price of bitcoin over time will increase. even though the downside risk is unavoidable. and one more thing, you only have to use money that you really won't use in the near future. because it will interfere with your psychology. But if your income is large. so the money you use to invest is really cold money. then I think it's not a bad idea.

[ethereumhunter]

I don't know if this is were I can post this fleece,  but if this is not supposed to be here someone should help me moved it to the normal board.
I work in a construction company that construct most of prominent contract for some oil and gas companies but one thing here is that I always find it more difficult to save money in a fiat bank, why because to me is a total waist because it's not giving me any profits. I prefer investing 50% of my monthly salary on bitcoin, mostly now that every body on this forum is holding their coins. I hope what am doing isn't a bad idea for not saving funds?

I don't know if it is a good or bad idea for you if you invest 50% of your monthly salary because you need to know how much you are spending each month to determine how much money to invest in bitcoin. People are now investing in bitcoin but that doesn't mean you have to use almost all of your money to invest in bitcoin because you have to buy your daily needs. But if your expenses are not too big and you still have a lot of money not used for anything, maybe 50% will be enough to invest in bitcoins. The important thing is that you can manage your income for your life well and invest in preparing for your future.

[DrBeer]

Yep, amazing benefits! For example, buy at 60.000 and then watch the price fall to 15.000, and watch the "growth" to 20.000 for a year
The fact is that such investments have some features:
1. Return on investment, we are talking about positive, probably possible, but after a long time interval
2. Not a fact

Therefore, it is logical to invest in bitcoin if you have free money, you are confident in your capabilities for the next 2-5 years, and you have strong nerves and heart

I'm talking about significant amounts. If this is a conversation about small ones - no problems - lost, it’s not a pity, I didn’t get any problems in my life