Like what other investments? what investment is better than bitcoin?
No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin
Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin.
Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe
Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make
You have to understand that not everyone thinks or reason the same way, most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go in all on an investment when they believe in the project, without considering what might happen if it goes against them.
But as for me, I prefer to have some other business working for me aside my Bitcoin holding, and if am investing into cryptocurrency, it's only Bitcoin I am considering because to me it's only him that is worth it, though I don't fancies gold, but land is very good investment to consider.
Right now what am doing is just focusing on my business which have been the brain behind my ability to be funding my DCA method weekly, and also standing as a source of regular income, that have kept me going during this accumulating process.
Yeah actually it is very important for an investor to evaluate the risk involved in the kind of investment he wants to venture into before analyzing the profits that would come along with it because that's exactly what would make him to stand strong in a case where things doesn't work out as he expected but however, it's also good to be positive about any investment one chooses to venture into inasmuch as you've ran some security and background checks of the aftermath of your investment in the future.
Inasmuch as Bitcoin investment is concerned, having diverse source of income is very necessary for any investor that wants to be active on the buying and hodling process using the DCA.
Land is a good investment in the sense that the value tends to increase with time but however it's not advisable to buy lands that you don't intend to project anything on it except you're buying it to resell in the future when the value seems to have appreciated.
Basically, if one is a bitcoin investor doesn't necessarily mean that you won't focus on other businesses because without having a regular means of income then how can you meet up the DCA. So focusing more on the area that our income are being generated from should be of high level of importance and priority to us as that's the only way to keep our investments running.