Can I invest my 60% savings in Bitcoin?

[n0ne]

Investing a huge sum into Bitcoin all in one is very risky. I recommend investing with dollar cost averaging because it takes a lot of the risk out of investing in Bitcoin. If you invest a big amount all in one it adds pressure to selling. Dollar cost averaging covers you when Bitcoin drops and it is the number 1 method that all the WO topic agrees on. You can still invest a lot of money in dollar cost averaging by doing big sums each time and it would do better then investing all at one time especially if you need the money at some time because of a emergency.

Investing through the Dollar Cost Average practice would help with buying at the best price. This works most of the time unlike the bullish/bearish market situation. When you invest all of the sudden you'll be highly profiting or at the highest loss. Through DCA technique this can be avoided. Most of the users prefer to diversify the investment, because no one is sure of the market crash and recovery. When we go for high value investment on single asset we need to go with the amount that we can afford to loss or have the patience to enjoy the profit, only then investment becomes effective.

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[Wiwo]

Most of the users prefer to diversify the investment, because no one is sure of the market crash and recovery. When we go for high value investment on single asset we need to go with the amount that we can afford to lose or have the patience to enjoy the profit, only then investment becomes effective.

Talking about diversification, let's know that diversification I'm cryptocurrency means we move from bitcoin into investing some percentage on other coins in the altcoin market since we don't know what exactly will happen in the future.

-This practice is nothin different from gambling,  this is because the investor will have to rely on luck and chances to make anything out of the investment, but I do rather. Hold more bitcoin than to gamble with altcoins because an altcoin is a high risk compared to Bitcoin.

[BobK71]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

[EarnOnVictor]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

I will always say that investing in Bitcoin is a very good bargain, still, the potential investor should not just jump in, the rudiment of Bitcoin investment should be well known. Additionally, it's very good to ensure that the investor is very speculative in nature, not that such would be gambling or relying on what some websites say of the coin.

If this could be done and the buying is done at lower levels, then I am so sure that the investment will be worthwhile.

[Sir Legend]

Bitcoin is a type of investment that is very volatile, increases or decreases in price can occur significantly, if we want short-term profits then we will be stressed, but if we hold bitcoin for the long term or at least 3 years then it will be easy for us to profit 100% or more , many people have succeeded and proved this, why are we still doubtful. Especially now that the price is still cheap and provides a good opportunity to start investing.

[Ricardo11]

No one knows whether the value of Bitcoin will increase or decrease in the future. Investing in Bitcoin or anywhere else does not guarantee profits. You can gain or lose from it. Don't invest based on someone's advice. Invest what you can afford to lose. And invest just that much, which if unfortunately lost, this loss will not any affect your daily life. So, instead of investing 60% of your savings, invest 30%. Then you see and understand your investment situation. Next, do your own research to invest. Never invest based on what others say. Because it can take away your entire life's savings.

[noormcs5]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

[YUriy1991]

Investing 60% of your savings in Bitcoin involves is a good idea and a wise approach. If I notice it seems you already understand the market performance that the price of Bitcoin is very volatile and can experience substantial fluctuations. To make sure Bitcoin will drop below $20,000 I don't think anyone can guarantee it won't go down but look at the issues that will affect the price and there you find out what the Probability of Going Down by itself.

Yes, no one wants after investing their asset value to be ZERO. But I'm sure and you also understand that every investment involves risk, and there is no guarantee that our assets will increase or decrease. So, understand market performance first and only then do you enter the market so that no one will feel guilty later and as you said above.

[Wend]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Indeed, I am not opposed to people investing in altcoins, even myself I like to invest in altcoins because of the profits it brings. But we should focus mainly on bitcoin and only a small part on altcoins. Frankly, investing in altcoins is gambling, so know what you are doing with your money, the higher the return, the higher the risk. Furthermore, the bear season is not a good time to invest in altcoins, altcoins should only be considered during the bull season as they are short term investments.

[Nrcewker]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Definitely we should at first do a background check on the project that we are investing. I am also not in favour of investing in altcoins , as often here the chances of getting scammed or losses are high. We know what Bitcoins are capable of. We know these coins are rare and limited in number. The trading volume and marketcap is also high. So this all indicates that the price has higher chances to grow. Hence investing in Bitcoins can be considered as a good option. Moreover OP yes you can definitely invest the amount.

[Quidat]

An investor in investing in bitcoins will get his money back at ‍a moment but in altcoins that is not likely. As a result, investing in Bitcoin is more beneficial than taking the risk on altcoins. Scamming incidents often occur with Altcoins where an investor can lose his money completely which is not possible with Bitcoin. Therefore, before investing, it is necessary to check the profit and high risk issues thoroughly. This is a good time to invest in Bitcoin at the current price and trend.

Bitcoin is the safest investment among all the cryptocurrencies and theirfore it is advised or recommended that your 60 to 70% of your poliofolio should be in bitcoins.
Some people think that are altcoins give more return on investments (ROI) so they preferred to invest in altcoins and not in bitcoins.
This maybe true to some extent but the investment in alt coins is also very risky because some of the altcoins may disappear or some scam exit but bitcoin is here to stay and we can fully trust bitcoin when it is about the long term investment.

Indeed, I am not opposed to people investing in altcoins, even myself I like to invest in altcoins because of the profits it brings. But we should focus mainly on bitcoin and only a small part on altcoins. Frankly, investing in altcoins is gambling, so know what you are doing with your money, the higher the return, the higher the risk. Furthermore, the bear season is not a good time to invest in altcoins, altcoins should only be considered during the bull season as they are short term investments.

We know that diversification is always been that suggested or recommendable on which it would really be just that normal that we would really be going to look after on some corners or chances on which we could potentially make some income or profits too.Yes, we should really be that focusing on bitcoin but its not really that bad to go for some alternatives on which it could also make or potentially be able to make income which we are really that free to do so. This is why diversification is really that recommended but of course this isnt something that way too simple to deal with because if we do speak about being having that kind of less risks then sticking with Bitcoin would be the best shot but if we do speak about diversification then looking for some altcoins wouldnt really be that a bad idea either.
It would really be that just depending on your appetite because not all people would really be having that kind of approach when it comes into their investment but rather they would be sticking
into something that would be giving out some assurance or something like that.

[Stavri]

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?

you can simply dca to minimize the risk.

[19Nov16]

In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.

[rhodelmabanal]

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?

The decision is all yours my friend you can invest 60% of your saving in bitcoin because bitcoin is a legit and trusted coin in crypto so it is less risk than investing in other coin, just make sure that you have big patience in waiting for the possible profit because sometimes it takes so many years before we can earn, don't let others make a decision for you decide by your own to avoid regret at the end.

[globalpain]

In my opinion it is very unfortunate if you choose to invest 60% of your savings,
because in Bitcoin the price is already quite expensive and the ROI from Bitcoin is also quite high so the profit you will generate is also not too much,
my advice is to choose altcoins for your investment because in altcoins you can generate much more ROI than Bitcoin.

[imamusma]

In my opinion, investing 60% is normal and it's not a problem as long as our daily or monthly needs are not disturbed, many people are too excited to invest and when what happens is the price drops, they regret and panic so they sell cheap prices.

Try to read the topic properly before you reply.
The OP doesn't appear to be investing 60% of his salary in bitcoin, but he plans to take 60% of his budget savings to invest. It's clear to me it has nothing to do with making ends meet since the OP probably has enough salary to handle that. The other 40% will be considered as reserve money after 60% of which is used to invest.

Avoid panic by ignoring the volatility of the crypto market if you really want to invest long term. Panic selling when the price drops is definitely to be avoided as you will only end up losing instead of winning. So ignore market volatility and hold onto your bitcoins, it is a long term investment strategy.