I had a conversation with someone outside this forum and my choice of topic "Must everyone invest in Bitcoin" was his question, it's a nice question for someone that's willing to know about Bitcoin so I decided to bring it here to know the opinion of members of our Local board.
Well my own opinion and reply to him is that it's a matter of choice, Bitcoin investment is not forced on anyone, yes anyone can invest in it but must be willing and should have the necessary requirements to do so, moreover it's not the only investment option and there are lots of others like Real Estate, Gold, Stock, and even Commodities like agricultural, petroleum/natural gas, livestocks etc.
However since Bitcoin is a modern form of investment, the best digital asset and has become a very reliable asset that can generate good profits for long-term it would be nice to seize the opportunity of investing in it as it's still very early compared to when the price would go higher in the future, hopefully.
Investing is not equally suitable for everyone. Not everyone's financial situation, plan and risk tolerance are the same. Some things are very important for investing, such as you must first have a stable income. Where you can meet your needs properly. And from the remaining part of your income after meeting your needs, i.e. discretionary income, you can spend on savings, emergency funds and investments. That is, you must keep the purpose and goal of the investment in mind and prepare accordingly. You must have the ability to take risks and also have the financial preparation and mindset to continue investing in the long term. In addition, you must evaluate the introduction of emergency funds and cash flow in investing. Because if you do not have sufficient funds, you may have to sell if the market declines or in any adverse situation. Therefore, you should keep a fund for at least three to six months of expenses for safety. Basically, if you have the financial condition to continue investing in the long term, have a long-term perspective, have patience and have a risk-taking mindset, then you can enter the investment. And those who are likely to panic during a market downturn, have more important financial responsibilities than investments and if there is no emergency fund or cash flow, it is better not to enter into investments. Check the cash, savings and emergency funds from discretionary income and decide correctly how much you are able to invest. Invest that part every week or month in the DCA method and continue consistently without panicking. Even if the investment amount is small, if it can be continued for long-term goals, it will become strong. So it will be logical to have proper planning, regular reviews and maintain a long-term vision.