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 !
Investing in crypto is always risky. Just as there are profits to investing in crypto, there is also a risk of substantial loss. I think you should never invest all your resources in crypto. You can invest step by step.
It is not recommended to invest in Bitcoin using all the wealth we have, because investing in Bitcoin includes high risk. However, the movement of
Bitcoin is very difficult to predict, if the price of Bitcoin goes up we will indeed generate a large profit, but what if the price of Bitcoin falls like it did
in 2018. Therefore, if we make a decision, always think about the worst case scenario. I agree with what you said, it's better to invest step by step, starting with small capital. It is much safer and more beneficial.