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 !
I saw a news and interview about a family with the same issue as mentioned, they sell their asset that they bought at low price and sell it recently.
For me, if you have a stable job and steady income you should invest your spare money in buying btc. Even though the price is unstable, your funds is still there and if time come that you need the money you can easily cash it out for your own use. However, due to the current state of btc and without further research about crypto, you may panic sell but if you trust yourself and the potential of it then it is good for you.
Overall it is beneficial not only that you save your asset for future purposes but also the potential of it to grow is in good sight.