IS BITCOIN INVESTMENT REALLY ADVISABLE?

[Z_MBFM]

The highest risk is that you didn't invest in bitcoin when you have the money to do so, but because you're skeptical about it. Bitcoin investment is worth taking the risk to invest provided that you are investing for a long term with the amount of money that you can afford to lose.

Investing in Bitcoin is not a form of gambling. So I disagree with your statement that you should invest in Bitcoin only as much money as you can afford to lose in the long term.

In making a long-term investment in Bitcoin, it is necessary to be sure that the amount of money he is investing in Bitcoin will not be needed for a long time in an emergency purpose. And he has the ability to hold that money by investing in Bitcoin for long time. Because the only reason why someone cannot invest in Bitcoin for the long term is by investing in Bitcoin without keeping an emergency fund. Moreover, it is never seen that anyone loses from investing in Bitcoin for the long term.

[$crypto$]

There is no need to discuss in depth because everyone here already knows how to invest in bitcoin, they have understood how to hold and the market situation, if it continues to be discussed it will be the same discussion.

Everyone has a choice about investing, some even avoid it altogether for fear of the risk of losing any way they fear.

I never suggest investing to anyone, if they are interested in bitcoin then at least they already understand what they want to invest, out there there are different points of view even hate this investment therefore I better avoid conflict.

[Ever-young]

IS BITCOIN INVESTMENT REALLY ADVISABLE: This is a double thought question that has been on the line for quite some time now, and i think it's really ripe for a candid response to be given.

It is very much advisable and as a matter of fact, I can advise someone to invest in Bitcoin. What I will not do is try to persuade someone or even convince someone to invest. Every asset has their ups and downs, and I can only advise an individual via experience. And with my experience, it is 100% advisable to to invest in bitcoin. And that doesn’t change the fact that it still remains the individuals choice to invest or not.

People are afraid, and trust issues are very okay especially when it has to do with financial affairs. So advising is good but everyone should be allowed to gain the conviction's themselves and let it remain a matter of choice.

And in The course of advising, the ups and downs should also be communicated.

[Crypto Library]

Investing in Bitcoin is not a form of gambling. So I disagree with your statement that you should invest in Bitcoin only as much money as you can afford to lose in the long term.

But here, I will disagree with your statement because the phrase as much money as you can afford to lose is used when investing in Bitcoin not only because it is a gambling but also because Bitcoin has many other risk factors such as it is a highly volatile asset and at the same time since Bitcoin is a virtual currency, there are other risks, such as wallet being compromised or the platform where you are holding Bitcoin getting crashed although bitcoin shouldn't be hold on centralized platform.

You have already said in your own post that a person should hold or invest that amount which he doesn't have to use later in case of emergency situation. Here, the first part and the second part of your post contradict each other. 

[Don Saga]

IS BITCOIN INVESTMENT REALLY ADVISABLE: This is a double thought question that has been on the line for quite some time now, and i think it's really ripe for a candid response to be given.

Because too many people out there are very much afraid of investing in Bitcoin because of too many stories that they have heard concerning online investments, and this has kept them on-hold.

Like in the days of our fathers, they had this mentality that the bank can at any day crash or robbed. So they prefer saving their money within them, either they have a saving box or they dig a hole within their room and be saving their money where they can be able to be seeing it per minute per second.

So we are in a world were many things are happening on a daily, and many are still afraid of investing in Bitcoin. So it will be nice to really get this as a topic to be treated.

Similar topics like this have being discussed several times here in this forum and I think many people here know the obvious answer. Bitcoin investment is not a forced investment, there is no amount of advise you could give to someone who thinks Bitcoin is a scam that they would rethink their decision. Some people still think that Bitcoin is a scam based on past knowledge but it becomes their problem when that knowledge is not renewed.

I would not talk about my investment in bitcoin to anyone just to prove a point. I would want to believe that anyone who has an interest in Bitcoin would sacrifice the time and energy to know more about it.

[LFC_Bitcoin]

Yes Bitcoin is definitely worth buying. Its limited supply, growing global adoption and independence from government money printing make it an attractive long term asset. Obviously there will be volatility and no guarantees but if you’re thinking 5–10 years ahead rather than chasing quick profits, I think BTC has a very strong investment case.

[Rhow]

The answer to the question of whether investing in Bitcoin is wise will not be the same for everyone. If your financial situation is such that you are struggling to meet your family needs, do not have the ability to take risks, and cannot set a long-term timeframe, then it is wise for you not to invest. Because you need to meet your basic needs first. But if you invest with money for necessary expenses out of interest and think that Bitcoin will make you rich overnight, then you can sell it at a loss when necessary. Even if you do not have the ability to bear losses, you can panic if the market price drops after buying. If you have discretionary income after meeting all your expenses and have money that you can not touch for a long time, then investing in Bitcoin is not a bad decision.

[Z_MBFM]

Investing in Bitcoin is not a form of gambling. So I disagree with your statement that you should invest in Bitcoin only as much money as you can afford to lose in the long term.

But here, I will disagree with your statement because the phrase as much money as you can afford to lose is used when investing in Bitcoin not only because it is a gambling but also because Bitcoin has many other risk factors such as it is a highly volatile asset and at the same time since Bitcoin is a virtual currency, there are other risks, such as wallet being compromised or the platform where you are holding Bitcoin getting crashed although bitcoin shouldn't be hold on centralized platform.

When you put money in a bank you can lose your money because the bank can go bankrupt and such things happen. When you invest in gold it can be stolen. When you invest in a house property it can be destroyed in an earthquake. There is no investment in the world that is risk-free. However, you have to use your intelligence to deal with the risk. Why would you keep your Bitcoin on a centralized exchange? You know that your Bitcoin is not safe there. Why don't you keep your personal wallet private key carefully where the key is the only life of your Bitcoin? All investments have to be taken care of and managed smartly, then it will not be difficult to protect them.

You have already said in your own post that a person should hold or invest that amount which he doesn't have to use later in case of emergency situation. Here, the first part and the second part of your post contradict each other. 

When you invest in a business, you have to invest in various types of raw materials, various machineries with this money. Can you withdraw money from there at any time if you want? Then why should you use the money you invest in Bitcoin for your emergency purpose? You should only invest in Bitcoin that amount of money that you will not need for a long time. You should always keep a separate fund for emergencies. And if you are in such a danger where your life is at risk, then if you absolutely need to sell your Bitcoins, you should definitely sell them. If you sell your Bitcoins for a small need, then it will not be a long-term investment. This is how I explain the matter.

[SuperBitMan]

I understand that some set of people are still scared to invest in bitcoin because they believe all online investment has a day it crashes, one of the reasons why many people have this believe is because they invested in an online ponzi scheme that promised them a lot of returns and at the end of the day the ponzi scheme investment crashed and they lost their money and for that reason they see all other online investment as a scam and that includes bitcoin.
Bitcoin is actually very different from all other online investments because it is decentralized, has a limited supply of 21 million coins, and is not controlled by any government, bank, organization or a person, bitcoin gives you that control over your money.
If you invest in bitcoin you can mentor its progress if you want, bitcoin is just like your normal currency but more likely to double your income because of it growth.

Note: Bitcoin is not a guaranteed way to get rich; it is an opportunity to invest in a different financial future that may likely change your financial situation.

[lionheart78]

Whether Bitcoin investment is advisable depends on what kind of investment the person is looking for.  If the person is looking for a short term investment, the answer would be dependent on the situation of the Bitcoin market, if the timing is right and the market is just entering the bullish phase, then yes but if it has passed its ATH and entering the bearish phase then the answer is no.

But when the investment is for the long term, then it is always advisable to invest in Bitcoin.

[Agathamay]

IS BITCOIN INVESTMENT REALLY ADVISABLE: This is a double thought question that has been on the line for quite some time now, and i think it's really ripe for a candid response to be given.

Because too many people out there are very much afraid of investing in Bitcoin because of too many stories that they have heard concerning online investments, and this has kept them on-hold.

Like in the days of our fathers, they had this mentality that the bank can at any day crash or robbed. So they prefer saving their money within them, either they have a saving box or they dig a hole within their room and be saving their money where they can be able to be seeing it per minute per second.

So we are in a world were many things are happening on a daily, and many are still afraid of investing in Bitcoin. So it will be nice to really get this as a topic to be treated.

There are so many reasons why people are not investing in bitcoin and I can't single handedly say a specific reason for someone for generally, one of the biggest reason why anyone who knows about bitcoin isn't buying bitcoin is because of money because I don't want to believe that, someone who knows and understands how bitcoin operates will have the opportunity to invest and not want to invest in it.

Then for those who haven't heard about it, then we would blame it on the fact that, they haven't known it that's why they haven't invested.

[2Pizza410000BTC]

IS BITCOIN INVESTMENT REALLY ADVISABLE: This is a double thought question that has been on the line for quite some time now, and i think it's really ripe for a candid response to be given.

Because too many people out there are very much afraid of investing in Bitcoin because of too many stories that they have heard concerning online investments, and this has kept them on-hold.

Like in the days of our fathers, they had this mentality that the bank can at any day crash or robbed. So they prefer saving their money within them, either they have a saving box or they dig a hole within their room and be saving their money where they can be able to be seeing it per minute per second.

So we are in a world were many things are happening on a daily, and many are still afraid of investing in Bitcoin. So it will be nice to really get this as a topic to be treated.

There is nothing to fear about Bitcoin anymore because Bitcoin is no longer new and people are not new to Bitcoin. If Bitcoin becomes so popular with people and if Bitcoin can make people rich slowly and in the long run, then there is nothing to fear. If we can provide maximum security to our wallets and if we can invest correctly, then we can definitely be very profitable. But I would say that there should be no fear about Bitcoin investment now because now Bitcoin is entering almost all people, starting from the general public.

[Jegileman]

The world is developing and we will get to see more means of savings which will overpower the former ones as they get to become obsolete. Bitcoin is a good investment that’s advisable to be part of if you have the means of getting engaged in it. The nature of bitcoin and the value it has accumulated overtime makes it very attractive for long term investment. Bitcoin is one of the best means of investment that’s advisable to rely on over any other means of investment. History has shown how profitable it has become over the years for those that invested in them earlier. Bitcoin is one of the surest investments that’s dependable on for the long term.

[hafiztalha]

If I were asked about the best investment right now, I would answer Bitcoin in the first position. But beyond that, I would not advise anyone because I understand the risks. Besides, my experience in giving Bitcoin investment advice is that people are not serious about learning. So in the end, they give up and do not continue. I feel quite sad because they do not struggle like I do. Although it can be seen that I can prove I have already enjoyed the results of my investment and struggle up to today. For others, sometimes there are many evil people so beginners do not get good knowledge. As a result, they suffer more losses. This situation is one of the factors why many people say Bitcoin is a bad investment.

People who are well aware of the potential of Bitcoin always recommend and put their investment in this because it's never going to have a problem for them. Bitcoin is currently one of the best options for people who are looking for a long-term investment and want to keep things in balance, meaning fight against inflation and also secure a good strategy.

Firstly, it needs to have good knowledge because if someone is not going to increase his mind about this, it's never going to have enough security and awareness. Always keep things on a level where they are easily manageable. Never try any tactics that give any regret because recently few things are not having positivity about bitcoin, but still it's all going to end with a better way of understanding.

[Stalker22]

~
Like in the days of our fathers, they had this mentality that the bank can at any day crash or robbed. So they prefer saving their money within them, either they have a saving box or they dig a hole within their room and be saving their money where they can be able to be seeing it per minute per second.

I cant even imagine anyone actually doing that nowadays.  Not even back in "the days of our fathers" - which was, what, 30 or 40 years ago?  Where the hell do you live, anyway?  You do realize that real banks have actual insurance now, whereas the dirt under your bed earns 0% interest and has a pretty high chance of turning into mold.

So we are in a world were many things are happening on a daily, and many are still afraid of investing in Bitcoin. So it will be nice to really get this as a topic to be treated.

Well, if you are treating it like a get-rich-quick lottery ticket, yeah, you are gonna get burned.  But if you just DCA a little bit here and there what you can afford... its a totally different game.  Just my two cents though, that should be your decision.  If you are afraid because of the bad things that could happen, then dont do it.  At least not until you learn more.

[Sanitough]

Bitcoin investment is only advisable to those who are high risk-takers that are not afraid of losing their funds or investments in the long run. Bitcoin is already risky from the beginning, so one should know how to manage the risk and minimize the risk of losing.

Bitcoin is not advisable to those who have high-risk aversion as they are not capable to face high risk and danger, higher form of stress and pressures due to the constant market changes and bitcoin's high volatility.

[Kelvinid]

If until now you are still doubting bitcoin, then you should not enter bitcoin investment. If you are afraid of losing, afraid of failures due to market uncertainty that makes it very unpredictable to deal with, hence you should not be investing in bitcoin.

However, bitcoin is only advisable to those who have deep understanding about the very nature of bitcoin, its high volatility. And if risking high isn't your problem, because you are open to the fact that bitcoin will often fluctuate its price, and will easily be affected by the different market sentiments, then you should stay investing in bitcoin as long as you are seeing it profitable.

[Fiatless]

So we are in a world were many things are happening on a daily, and many are still afraid of investing in Bitcoin. So it will be nice to really get this as a topic to be treated.

What kind of response are you expecting from a Bitcoin community? You should expect that almost everyone would respond that Bitcoin is a good investment. Investing in Bitcoin isn't forced; it's a choice. Those who cannot manage the risk of buying, hodling, securing, and maybe selling after some years should abstain from it. Bitcoin is not a good asset for careless and impatient people. From my personal experience, I will always recommend that people buy Bitcoin because it is one of the best assets. Its high returns and decentralized nature are second to none.