Post
Topic
Board Bitcoin Discussion
Re: With all your assets, Investing in Bitcoin is really a madness or beneficial ?
by
AicecreaME
on 20/09/2021, 09:56:46 UTC
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 !

Invest what you can only afford to lose. Risking everything you have to buy a speculative asset that is highly volatile is a very dangerous move because we can't really tell exactly if that coin will appreciate or depreciate the moment you need your funds in cold cash already. If you're going to invest, set your limit and boundaries. Do not be so obsessed about it because you can end up being broke later on if you will not be strategic and if you will disregard risk assessment and management before and during your investment. Diversify as much as possible because it's a great strategy to maximize your cash flow. Do not be impatient, but do not be greedy as well.

You can start it off little by little if you prefer or you can start it big time too. Just make sure that the money you will invest is the amount you will not be depressed on if things don't go the way you planned them to be.