Should I invest my money on Bitcoin?

**~~itilvolga~~** · 02-21-2021, 02:18 PM

Originally Posted by Kaspias

I recently bought 2000 doge and planning to keep it for the long-term. I do not really know if it makes sense what I did but I just don't mind losing a hundred euros while there is a chance to get a great profit in the future.

Makes sense, I also plan buying more. It's worth to take risk with small money.

**Bandesha** · 02-22-2021, 02:43 AM

Originally Posted by itilvolga

Makes sense, I also plan buying more. It's worth to take risk with small money.

only invest what you are willing to lose on hype coins like dogecoin. if you really want to make money on longterm then invest in ethereum as ethereum 2.0 is coming by ethretards any time now.

If you invest too much in hype coins with no fundamentals , be ready to lose everything. musk can dump everything on his musk farts anytime

**~~JamesBond007~~** · 02-22-2021, 02:55 AM

Originally Posted by Bandesha

only invest what you are willing to lose on hype coins like dogecoin. if you really want to make money on longterm then invest in ethereum as ethereum 2.0 is coming by ethretards any time now.

If you invest too much in hype coins with no fundamentals , be ready to lose everything. musk can dump everything on his musk farts anytime

Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday. From a report:

The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called Btrust. The fund will be set up as a blind irrevocable trust, Dorsey said, adding that the duo won't be giving any direction to the team. Btrust is looking to hire three board members. The mission of the fund is to "make bitcoin the internet's currency," a job application describes. Government in India has so far been reluctant to embrace bitcoin and other cryptocurrencies. Friday's move comes as New Delhi is inching closer to introduce a law that would ban private cryptocurrencies in the nation. It is also looking to create its own digital currency.

https://slashdot.org/story/21/02/12/...rency#comments

The price of Bitcoin (BTC) has reached a new all-time high of $53,670, pushing the coin's total market capitalization above $1 trillion, according to crypto metrics platform CoinGecko. Market capitalization is the total number of coins currently in circulation multiplied by their current market price -- basically, the combined worth of all existing BTC. From a report:

By various estimations, the value of all money in the world is around $95 trillion -- and now Bitcoin represents about 1% of that. While it's not totally fair to compare Bitcoin to money (it can be seen as an asset instead), it provides one way to put it in perspective. Speaking to Decrypt, Quantum Economics analyst Jason Deane noted that for people who were involved in the crypto space from its early days, the $1 trillion BTC market capitalization may have been a long time coming but it was inevitable.

https://slashdot.org/story/21/02/19/...-ever#comments

**~~Linebacker~~** · 02-26-2021, 03:20 PM

Cardano just got past a dollar and is set to go past 2 dollars. I got 200 of those as well. Wonder if I should sell, last time Cardano got past a dollar it just fell back down to 50 cents again.

**Lucas** · 02-26-2021, 08:57 PM

I started investing in crypto first time just on 8th February. Not only BTC but ETh and some other altcoins. I steadily buying more and also convert between cryptos or sell and buy other. I escaped from all crypto to FIAT currencies on 21/22 February because had strong feeling it would be going down now... My prediction which I couldn't resist was correct as we can see now.
I earn 10% from what I invested during those two weeks. Not bad for newbie. This lesson of investment was profitable for me at least both in terms of money and knowledge

I learnt how to use coin markets, wallets, etc. Now I'm waiting for bigger drop on bitocin to buy more...

**michal3141** · 02-26-2021, 09:28 PM

I am waiting for Bitcoin and altcoins to drop. I don't think it's a good idea to buy now. My personal feeling is that it will go down a lot.

**Cernunnos** · 02-26-2021, 09:31 PM

Nope.

It's all a scam.

**Lucas** · 02-27-2021, 07:53 AM

Originally Posted by michal3141

I am waiting for Bitcoin and altcoins to drop. I don't think it's a good idea to buy now. My personal feeling is that it will go down a lot.

I think the same. I'm dreaming of BTC price below 10 000 USD. Than after buing rise to 100 0000...

Did you invest in the past?

**michal3141** · 02-27-2021, 08:41 AM

Originally Posted by Lucas

I think the same. I'm dreaming of BTC price below 10 000 USD. Than after buing rise to 100 0000...

Did you invest in the past?

Yes. I bought some altcoins years ago. Hard to believe but I am still on -40% because I bought them in a very wrong moment. Luckily for me my loss on crypto is about 1-2% of my savings so it does not matter that much.

**catgeorge** · 02-27-2021, 10:39 AM

Gamblers paradise.

If you want to invest some important tenets

1. You invest in a business and not the price
2. If you can't stomach 50% losing positions then it's not for you
3. Investing requires research that means buying an asset below value and hold for a long time - it's the only way to make "good" money by investing
4. People may agree with you and people may disagree with you but in the end it depends whether you are right
5. Stay away from hot stocks - stay away from the media and what they say. Develop your own investment thesis.

For students of the markets - Bitcoin is a little bit like Tulips.