Quote from: Dzwaafu11 on Today at 04:36:27 PM

Quote from: Marcellin9 on December 09, 2022, 06:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

Things can change at any time, and using all of your savings for bitcoin investment can be disastrous at times, so since these funds are available, you may feel as if you don't know what to do with them. However, I believe that if you have family, unfortunate events may occur, and you may be able to use these funds to save that person's life.So, if you invest all of your money in bitcoin and the price does not rise as expected, you may end up losing your money or losing that person's life. I believe it is now up to you to decide whether to invest some of your money and keep the rest in a bank account.

Exactly, you shouldn't put the funds that you will be needing soon in a volatile market. People always think that investing would always results to "profit" which is not, that's why there's always a risk in investing. Always put money that you afford to lose for you to have a peace of mind when it's a loss if it's a win then congrats. Don't focus on a good side of investment because before you reach that point, there's also a bad side it's like gamble if you have an non-well decision in investment. If you put you're savings then your back up money is on the line.