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Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« Last post by LUCKMCFLY on Today at 10:26:36 PM »We all know that there are people who are very distrustful when it comes to investing, for me the best thing is that you can do something to have money, and what I am saying is buy bitcoin, we can have little money, but the beautiful thing about bitcoin is that with We can buy little and that is a great relief, because we have seen that gold cannot be bought very little and it is a pain to buy it, if you buy it on the stock market it is not the same as buying physical gold, also buying physical gold is a big risk , and you have to know how to buy, I have heard that Italian gold is the best, but buy 24 carat gold, but to avoid going through so much it is better to buy Bitcoin and then enjoy its great benefits when it rises, you have to see it like that. Simple and without so much complication.Most of us cannot afford to invest large amounts of money anywhere because we don't have enough savings after covering the whole month's expenses with the salary we get. so the money we save after meeting our daily expenses is invested in other assets including Bitcoin. So it automatically follows our DCA method. So if we continue our investment like this regularly then we can gradually own a large amount of bitcoins in the future.Investment should be done after saving and daily necessities are fulfilled. If we have limited money and it is likely not enough for saving and basic necessities, we don't force ourselves to invest. Moreover, investing money in crypto is high risk and no guarantee for profits. Even we invest in Bitcoin, it is also still risky and no certain profit to be achieved. Sure, always use funds that we afford to lose. Never think to use funds that we use for basic necessities and saving.
Good advice...
Making sure our financial condition is healthy is the first step before deciding to invest
After that, determine the amount of funds to be invested, the goal, period, and the type of investment.
And putting all money in high-risk investments like crypto is not a wise move, at least 50% of the funds should be invested in low-risk investments like gold.
Balancing and Diversification is good for reducing risk. IMO