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I’m turning all my saved-up money into Bitcoin.

Batersch

Well-known member
Reputation: 34%
Joined
May 14, 2019
Messages
289
Does it seem smart to put all your savings into Bitcoin right now? Or is the time when its price used to grow a lot already finished?
 
No matter what, you shouldn’t put every bit of your savings into just one thing. It’s important to remember to stay safe and spread out your risks.
 
It’s not smart to risk everything at one time. Instead of buying all at once, it’s safer to buy a little bit at a time. This helps keep your buying price more balanced and lowers risk.
 
Wait to see the price turn positive around 82k to 87k before jumping in to buy.
 
If you are planning far ahead and don’t need your money soon, it can help to buy small amounts of Bitcoin one or two times each month. This can be safer than buying everything at one time. But I would never tell anyone to put almost all their money into just one thing.
 
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