Post
Topic
Board Speculation
Re: Can I invest my 60% savings in Bitcoin?
by
Wapfika
on 25/02/2023, 11:37:45 UTC
Many people say that Bitcoin is very good to invest in, the possibility of price increase is still there, but no one guarantees, all are just predictable and unfounded. Investment is a risk, you may lose a part of the property but can also lose all the investment amount, so if you are not ready for losses, it is best not to invest. That's sincere advice, even though I'm a bitcoin investor.
It will be hard to determine whether the price will go dip again, but when it comes in Bitcoin prices it's good to just hold provided we have money to spend in our needs and everyday life also in case of emergencies so we will not be required to sell our investment at low price due to the fact that we put our money all in Bitcoin. I do accumulate Bitcoin whenever I can, but also pay my insurance, bought some stocks and left some savings at bank. We can't guarantee the prices but remember we're not at loss in crypto or in stocks as long as we don't sell it.