ALL IN NOW?! Julian Hosp statement and his opinion about the actuell market
Today Dr. Julian Hosp made a statement where he gave advises for people who aren't sure how much to invest in the crypto market. Many peoples see the green numbers on the display and want to put in all the money.
I want to share this informations with you because I think he is somebody who knows what he is talking about.
He says there are 3 possible scenarios what could happen with the bitcoin (and the whole crypto-market) in the next few weeks/mounths.
The Price will have many waves, slowly rise and finally the 10k and 12k will be hard to break. If the Bitcoin gets the 12K we will have a good chance to see it rise continuently.
The Price will drop then again, like to the 6K/7K or even 5k mark. ( what would be really nice for buying even more.. :'D )
The last but an unlikely possible would be that the bullrun starts and we will see the 60K in a few mounths.
In every single of these possibilitys we have to be carefull, invest clever and even if you are a real beliver of blockchain technology you should NOT go ALL-IN.
If your liquid capital is (as Example) 10K and you are thinking about putting all in the cryptomarket, start with 5-10% of your money and wait on a drop. Just imagine what happens in the 3 diffrent cases:
When the price has waves, there will be a moment when you are able to buy cheap more and put maybe another 5-10% in. The average buying-price will be better and you will have less risk than the all-in method.
When we will see a dip down to 5/6K again, you will also have a possibility to buy even more very cheap. Again the average buying-price will be better with less risk.
The possibility that the whole crypto market will go instandly to the moon is there. But not really big. And even when it would 10x and you have 1k (10% from 10k) in, you would have doubled your money!
Like you see, in everyone of the listed possibilitys you wont lose all your money. This is for me personally the most important thing.
What many people are not getting is:
IF you are making 400% with your investing, then losing 100% you wont have 300%. You will have lost all your money. Thats a fact.
The only exeption COULD be, if you are really young ( 18/19/20) years old and you wont regret it, if you lose everything. If you are as example 20 years old and you have 500 or 1000 USD as liquid capital saved in the last (few) year(s), It isn't a that bad Idea to invest ALL-IN.
Let me explain:
A 50/60 years old should maybe just invest 5%. You still have the possibility to use your money and make more money, BUT if you are losing all your savings (after YEARS of work!) you could ruin your life!
A 30/40 years old should also be carefull. Just imagine how long to work for 10K or 100K of savings. Now imagine how fast it could be away! Maybe you have a family or people you have to care about. Only invest what you are able to lose!!
When you are 20 Years old and your savings are around 500$, 1.000$ or even less like 200 or 300, you have to see that it looks now like much money. But in a few years maybe you will have the chance to work in a job that allows you to save 200$ or even 500$ every mounth (depending on your job).
I post the video of Dr. Julian Hosp here in English:
Here in German:
I hope you will be carefull with your money, dont forget to make your own research about BTC, dont listen to people who are telling you when/what to invest! Be a part of the revolution!
See you in the comments :)