did you place all your funds into bitcoin? - page 125.

joshy23

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Quote from: kidoseagle0312 on March 24, 2017, 10:57:44 AM

Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

No, you shouldn't do that. It's not because you're a bitcoin believer it means you need to transfer all your funds into bitcoin. But you are free to do it, for me its only an advice because so far bitcoin is not yet considered accepted as payment in any of the majority business whether in public but only in online payment where bitcoin is only accepted as payment.

I'm not placing all my money on bitcoin as well. Maybe just enough bitcoin to used for trading, and buying things on the Internet. Because if you do put all your funds in bitcoin, most likely you might need to convert it back to fiat so you will lose a few in an exchange. And besides you always need fiat because not all merchants are accepting bitcoin right now. So just put enough that you feel comfortable in bitcoin, not all.

kidoseagle0312

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Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

No, you shouldn't do that. It's not because you're a bitcoin believer it means you need to transfer all your funds into bitcoin. But you are free to do it, for me its only an advice because so far bitcoin is not yet considered accepted as payment in any of the majority business whether in public but only in online payment where bitcoin is only accepted as payment.

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Quote from: virasog on March 22, 2017, 11:23:22 PM

Quote from: poetra2501 on March 21, 2017, 12:07:53 PM

Quote from: Qartersa on March 21, 2017, 11:13:34 AM

For me, I placed a lot of my money on bitcoins and I also am putting a lot of effort in gaining more of it. I really believe in bitcoins and I think it will really be the future of currency. It might not be the one that will truly move the world from what we use as financial mediums, but it will be the spar of a great change in how we deal with finances.

If someday these Bitcoin will be validated by the Government as the official currency, then I would put all my money into Bitcoin.
But if it's not yet ratified, then I just put some my money into bitcoin with trading altcoin. Because with trading we can get more profit.

Great, its a wise idea if you just put half of you money, we need to be more clever than greedy, assurance for profit is a must because putting all your money is a big risks. But sooner if government will publicize or use bitcoin already for sure many will convert too into bitcoin.

beside wise idea, i think we need to have back up money of our life so if something happen, we still have real money for handling that problem. its good to place all of our funds in bitcoin but we have real life that we need to thinking and even if we have a family which we still buying food for them, buy another thing for our family.

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Quote from: poetra2501 on March 21, 2017, 12:07:53 PM

Quote from: Qartersa on March 21, 2017, 11:13:34 AM

For me, I placed a lot of my money on bitcoins and I also am putting a lot of effort in gaining more of it. I really believe in bitcoins and I think it will really be the future of currency. It might not be the one that will truly move the world from what we use as financial mediums, but it will be the spar of a great change in how we deal with finances.

If someday these Bitcoin will be validated by the Government as the official currency, then I would put all my money into Bitcoin.
But if it's not yet ratified, then I just put some my money into bitcoin with trading altcoin. Because with trading we can get more profit.

Great, its a wise idea if you just put half of you money, we need to be more clever than greedy, assurance for profit is a must because putting all your money is a big risks. But sooner if government will publicize or use bitcoin already for sure many will convert too into bitcoin.

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Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

It's a way to live, honestly. It has its advantages, but the disadvantages outweigh them IMO. Unless you have a bitcoin debit card, you will be relegated to using gift cards, or using the rare business that actually accepts bitcoin. You will gain if you hold, but unless you make enough income to actually save money/bitcoin, the short term dips might have you unable to pay a bill, or a few cents short when you had enough a fee minutes ago. You are also subject to network congestion. I cannot tell you how many times I have sent btx to my shift card, left the house, arrived at the store, and still had to wait an additional 30 minutes (I went home waiting, once).

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Quote from: Luke2939 on March 22, 2017, 09:30:26 AM

Placing all your funds into bitcoin is not a wise decision, at least to me. I bet on many alt coins that I can find and I trade as well as invest into them for 2 to 3 years time frame. You can make more returns by investing into good alt coins than simply holding bitcoins.

As said very few altcoins have grown within the speculative 2-3 years time frame. One thing we need to consider is the growth experienced by bitcoin which cannot be achieved by any of the bitcoin. In a year's time it has given a more than $600+ growth. With altcoins its not, with bitcoin that too a gradual growth. It's better to hold which too will give profit, but should never hold all funds in terms of bitcoin.

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Quote from: termion on March 12, 2017, 01:41:08 PM

Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

Back in 2010 year ... In 2010 you can put all your money in Bitcoin ... In 2017 - it's big foolishness

I think is not a good ideas and if you do that your a big foolish. We all know that the value of bitcoin nowadays are getting higher and at the same time getting lower and lower. The value isn't permanent. What if you put all of your fund in bitcoin then the value became very low and them you need to cash out, you will suffer a big lose and especially you will lose a big amount. So don't you ever think to put all of your funds. Better to be intelligent than to take the risk of getting lose.

thunderbitz2717

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Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

I guess even I'm a Jr. member I still treated myself as newbie because my knowledge in bitcoin was not enough for me to apply what I had learned from it through reading in this different forum thread section. So, for me I think its not a good idea to place all your funds in bitcoin you must think it several times. Don't make a decision that will make you regrettable in the end. You can do place it all but not in this season. Wink

Labumi

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Quote from: boyptc on March 20, 2017, 01:50:31 PM

I didn't because I find it hard to do so. I don't want to focus with bitcoin but I know that this is a great investment, there are more good ways to grow my funds not just with bitcoin. There's allotment on it for my funds but I'm not going to risk all of my funds, but I'm wrong with this. I read a lot of feedback about it's risk. But if I didn't listen to those FUDS probably I'm rich now.

that is certainly true, but if you do not take into account this then maybe the advantage after bitcoin disappeared will be much smaller than you are using or looking for an advantage in the bitcoin. Because of the advantages that you get in the bitcoin can give you huge profit in no time. But indeed to get a big advantage, we must set aside or trying to stop what makes our spending becomes larger. Because of the advantages in the bitcoin also takes time, however the advantages it brings far greater than other investment

Luke2939

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Placing all your funds into bitcoin is not a wise decision, at least to me. I bet on many alt coins that I can find and I trade as well as invest into them for 2 to 3 years time frame. You can make more returns by investing into good alt coins than simply holding bitcoins.

ibuddy122505

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Quote from: UCHCHILD on March 22, 2017, 03:52:05 AM

Not all my funds dude, I need to be wise because we do not know what will happen in the next few hours to bitcoin will it rise or crash down.
Maybe we have good future on bitcoin but then the assurance of this is not that enough to put all your money to it.

I am thinking so. Put all of our funds into bitcoin surely not right decision, though pretty sure Bitcoin is the next generation currency. Some experience of Bitcoin future, It's a good way to grow our money. However, It's not positive thinking a longer time. Especially, the end of you must have reserved some.

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Quote from: UCHCHILD on March 22, 2017, 03:52:05 AM

Not all my funds dude, I need to be wise because we do not know what will happen in the next few hours to bitcoin will it rise or crash down.
Maybe we have good future on bitcoin but then the assurance of this is not that enough to put all your money to it.

you don't have to , if you do it will feel like gambling ,
you know why? because you have no idea what will happened indeed in the future right?
bitcoin full of speculation , nothing sure ,
so yeah you have to be wise in managing your money to invest in bitcoin , spread it to several investment outside bitcoin.

blackhawkeye1912

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Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

Do it, if all business in the entire world are accepting bitcoin whether online or public business. But if not, no reason for you to do it, because it is too risky, not all business advertisement are familiar with bitcoin. The sign for you to do that is when bitcoin become the new world currency.

UCHCHILD

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Not all my funds dude, I need to be wise because we do not know what will happen in the next few hours to bitcoin will it rise or crash down.
Maybe we have good future on bitcoin but then the assurance of this is not that enough to put all your money to it.

coinplus

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Quote from: justdimin on March 21, 2017, 11:08:58 AM

so far I do see people are suggesting not to go for bitcoin with all their funds. But I do guess we are going to be enforced by bitcoin's adoption rate and popularity like we do not need any other currency and investing all our money in bitcoin to will be more convenient for every country's citizen.

People will get their salary in bitcoin and will spend for their daily needs in bitcoins and they do not need to rely on any other currency. This is going to happen very soon.

I guess it will not be a big problem as people are going to use bitcoin as a currency and holding only-bitcoin will not be a problem. Only when we are considering about long term investment, we need to diversify with many options.

We should not depend on only one investment type that is the reason people are suggesting to have multiple investment types. This is not an idea against bitcoin but it is a basic principle of good investment and money management.

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Quote from: bitbunnny on March 12, 2017, 01:18:13 PM

Bitcoin is good investment but I wouldn't suggest to put all your money into it. I wouldn't suggest puting all your money into anything, not just Bitcoins. Every investment is a risk and there is always the danger of losing money so you have to invest with care and you always have to have some back up. Don't ever invest more then you can afford to lose.

Yes in investment there is always a risk especialy on bitcoin because its price always change. But dont be afraid to take that risk because if you will try to invest i know it is worth it. If putting all your money into bitcoin is a decision you would decide, i guess it is not a good idea if you dont have a source of income through bitcoin or fiat. So before putting up money on investing have an source income like a signature campaign here in forum so can have a back up money for other thing you would like to try on. And have a wallet that suitd your need so taking out money is not a hard part on your side.

poetra2501

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Quote from: Qartersa on March 21, 2017, 11:13:34 AM

For me, I placed a lot of my money on bitcoins and I also am putting a lot of effort in gaining more of it. I really believe in bitcoins and I think it will really be the future of currency. It might not be the one that will truly move the world from what we use as financial mediums, but it will be the spar of a great change in how we deal with finances.

If someday these Bitcoin will be validated by the Government as the official currency, then I would put all my money into Bitcoin.
But if it's not yet ratified, then I just put some my money into bitcoin with trading altcoin. Because with trading we can get more profit.

Qartersa

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For me, I placed a lot of my money on bitcoins and I also am putting a lot of effort in gaining more of it. I really believe in bitcoins and I think it will really be the future of currency. It might not be the one that will truly move the world from what we use as financial mediums, but it will be the spar of a great change in how we deal with finances.

justdimin

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Quote from: rickadone on March 21, 2017, 06:53:14 AM

Quote from: bravehearth0319 on March 21, 2017, 06:10:15 AM

Quote from: pop323 on March 12, 2017, 12:41:16 PM

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

Bitcoin was really a good assets form of investment and we must believe on that things. Now, about putting our fund into bitcoin take note all funds, that's not a good idea and never do that, although I'm a bitcoin lover, because bitcoin so far is not consider as world currency, which in reality most people are not much familiar with it. It could be in the near future Cheesy

When some 50% of world population is going to be bitcoin lover, I guess you people are also going to invest all your money into bitcoins. I guess now you are only dealing with your local fiats, it means you are saving and investing all your hard work in the form of your local currency.

Then why not we can go for 100% with the bitcoin when it will become a regular currency. I guess someday we are going to do that, let us get ready for that.

You got the point, so far I do see people are suggesting not to go for bitcoin with all their funds. But I do guess we are going to be enforced by bitcoin's adoption rate and popularity like we do not need any other currency and investing all our money in bitcoin to will be more convenient for every country's citizen.

People will get their salary in bitcoin and will spend for their daily needs in bitcoins and they do not need to rely on any other currency. This is going to happen very soon.

giveen

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Quote from: AngelSky on March 20, 2017, 12:54:04 PM

Quote from: socks435 on March 19, 2017, 06:41:04 PM

I think for those who are place their all funds into bitcoin when the price is low if they didn't sell it when the price is above $1,200 they are lose opportunity just like now the price is low again and i think its a long journey that the price will increase back to high price..

Whenever keeping all your money in bitcoins its seems more risky. If you wish to have put money in btc just put your campaign earnings only only for long term. This may helpful in very needful time.

How is putting money in bitcoin actually risky as we get really good returns and we don't have to do any sort of work. Earnings from campaign isn't so much but it kind of helps in growing our bitcoins. Bitcoin is just like a stock market but the overall year of bitcoin is more than investing in stock market.

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