I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
One of the earliest things I learnt about investing in bitcoin is that one should only invest the amount of money one can afford to lose. As profitable as investing in bitcoin is over the time, there are usually dumps in the shorter time frame which may result in loss for an investor.
I wouldn't advise that you sell all your assets to invest in Bitcoin. Invest in Bitcoin, alright but don't invest all your assets.