Post
Topic
Board Bitcoin Discussion
Re: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies
by
darkangel11
on 27/07/2018, 21:53:43 UTC
I don't believe that investing all your money in crypto is more dangerous than investing in anything else. THere's always a chance of failure in everything you do. You can fail by getting cancer and dying, being killed in your car while driving home, getting robbed. To me cryptocurrency offers a very high probability of success. Much greater than real estate and other so called safe investments. When you're poor you have to take risk or you will never achieve anything.
But you have to be safe on what you're doing and it's still up to you if you'll invest all of your money. May I ask if you did?

Yes, I did. I took all my fiat money and invested most of it in 2014 and it grew so much that I almost don't have any fiat at the moment when compared to the value of my crypto holdings. In 2014 it was maybe 60%, but right now it's 99% of all I have, simply because I haven't converted much, only what I needed to pay my bills and buy some electronics and such. I told myself that prices below 10k USD don't satisfy me at all so I'm very rarely selling anything. It's still safe because even if I lose it all (which is very unlikely) I will still have a place to live and some money, so it's not all in, but close to it.