Before now I had a standing order with my bank where I kept some extra funds that I don't need for my upkeep. Although the bank promised interest from my daily savings I decided to stop terminate this agreement and transfer the funds to Bitcoin investment. I might not know technical analysis but my plan is just simple, which is to buy Bitcoin every month no matter how small from my extra funds. I am willing to keep buying regardless of the price until I retire from my work. This is because I believe that considering the economic uncertainties in my country, Bitcoin is one of the best forms of investment currently.
Holding Bitcoin investments is a very good idea, but know that no crypto expert will advise you to put all of your life savings in bitcoin; instead, you should think about investing in other things so that you won't lose everything at once in the event of an emergency. Nobody would ever promise you that is Bitcoin investment is 100% guaranteed, therefore you shouldn't put all your eggs in this one basket. But while I am just saying that in bitcoin involves some risk,but I am not saying it is bad invest it. The risky that involves nowadays not only the price but how secured fund.
W my uncle wanted to put everything he had saved up in bitcoin, and since he now needs money for emergencies and the price of bitcoin has dropped, he has started selling at the current rate, which has caused him to lose a lot of money. It is preferable to have some additional funds for future needs rather than distraction investments.
I have an uncle who was advised to invest in Bitcoin on the grounds that he would undoubtedly profit from it. Unfortunately, he wanted and invested all of his life savings in Bitcoin and only saved small amounts of money in bank accounts without having any other means. Now that the price of Bitcoin has dropped and he needs money for emergencies but has nowhere to get it from because all of his assets are Bitcoin investments, he has no choice but to sell, and he has begun doing so at the current Bitcoin price, which have make him lose a lot. So, It is preferable to have some additional money set aside for future needs in order to avoid investment distractions.