Bitcoin investment makes me think a lot.
Of course, it takes a lot of thought to invest in things like Altcoin, Stock, fund, not just Bitcoin.
I have to think of 5 questions before investing in something. And answer it.
1. Which Purpose Are You Pursuing?
2. How Much Can You Realistically Set Aside for Investing?
3. When Will You Need This Money Again?
4. How Much Should Risk?
5. What Should You Invest In?What should I think more than this?
What thoughts did you go through before investing in Bitcoin?
I guess it seems you are in a right path.
1. I guess the main purpose here in just for profit since bitcoin was digital money.
2. More like it's around 40% of my savings would be enough for investment it would be a risk but still I guess I could take losing it just in case.
3. On the other side, I guess the right answer is for an emergency like this times of coronavirus or survival, Also it would be better if could make as a passive income.
4. same as 2.
5. The most volatile cryptocurrency so that you could plat along win the token and it could make a big income. Like Bitcoin, Ethereum and other popular altcoins.