Don't follow this advice if you don't have a steady paycheck or a multiple income stream, trust me, if you aren't any of them, you are a going to need every cents you have to live by until your next paycheck, don't be enchanted of the fact that if you invest in bitcoin that you just have to wait it out until halving when the skyrocket in price is a guarantee, don't be fooled, be grounded in reality. Now if you aren't any of what I've mentioned above, you need to be smart about how you invest in, don't just put all of your savings in one go, you might think that you can endure the pain of seeing your investment go down but trust me, you will panic especially if it's a large amount. Invest wisely, even if it's bitcoin.
You come off as wee bit ill-informed blckhawk.
Part of the nature of an investment into bitcoin is that it is an asymmetric bet to the upside, so if you put in $1k, the most that you are going to lose is $1k. You can be as aggressive or whimpy as you like in terms of the amount that you invest, but if you go overboard, and become overly aggressive, then you may well end up recking yourself. Also, if you are overly whimpy, then it may take a long time (if ever) for the amount that you invested to become a meaningful amount, and of course, there are no guarantees that you are either going to profit stupendously or that bitcoin might not end up going to zero... even though if you study bitcoin for a bit, you likely will realize that bitcoin's investment thesis is pretty damned strong since it is a paradigm shifting asset class that is likely facilitating and going to continue to facilitate the greatest peaceful wealth transfer in history.... for those who are so bold to get some bitcoin, in case it catches on.
So each person is responsible for their own decisions regarding whether to invest into bitcoin and how much to invest into bitcoin in accordance with their own individual circumstances, and also it likely would be better to learn about bitcoin too, but surely there are a lot of people who invest into bitcoin but really don't even know anything about bitcoin except for the belief that it is number go up (NGU) technology.
There is no solid evidence that bitcoin will increase in price after the halving, whether it happens immediately or after a while. It is true that in the past, bitcoin has always increased after the halving, but there is no guarantee that things will repeat in the future. If bitcoin is sure to go up in price and everyone knows about it, won't we all get rich easily? Everything is just our expectations and predictions, so there is still a risk if we focus too much on halving. I agree with what Z-tight said, bitcoin is a long term investment, and it always returns when you hold it long term.
Don't speculate about the halving, it's like gambling.
That's true.. the halvening is too short of a timeline... and even in the longer term we cannot completely know that bitcoin will end up going up, even though if you study into bitcoin and try to identify and figure out what it is, then you likely realize that bitcoin has a pretty damned strong investment thesis.. and so part of the prudence of investing into it, is that sure, you could lose everything that you invested, but at the same time, there are various scenarios in which pretty high payoffs could play out in relatively short periods of time,
....and perhaps BTC's value is around 1,000x or higher than gold, but it could take 100 or 200 years to reach such prices, even if it were to happen, or it could happen more quickly.. but there are too many unknowns in terms of trying to figure out specifics, even if we might realize that there are ongoing and continuous upwards pressures upon BTC prices... which have to do with what it is, which is the strongest and most sound money ever created/discovered (up until now). .. and if you look at the situation, there is nothing that we can see that is likely even close to a competitor to bitcoin currently or likely to happen, since there is a need for a 10x improvement in order to kick out the incumbent, and bitcoin is way better than a 10x improvement in any system that it is replacing, too.