did you place all your funds into bitcoin? - page 57.

DIMKAZDS

hero member

Activity: 704

Merit: 500

Quote from: pop323 on March 12, 2017, 01:41:16 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 don't think that it would be a very wise decision to go all in and risk your whole life's earning into Bitcoins only or any other investment for that matter because DIVERSIFICATION is the only thing which can save you from the risks of market. CRYPTO market is very volatile and investment made only in Bitcoin is very risky.
If you want to invest, you can invest 25 percent of your wealth in Bitcoin and crypto and diversify the rest.

Bianxee

member

Activity: 217

Merit: 10

Quote from: DZU1410 on October 08, 2017, 07:09:59 AM

I believe that placing all of your funds in bitcoin is very risky. In our country it has not yet been accepted as a currency and I constantly need to exchange it for ordinary money.

That is a risk though and you have a good decision to exchnage it right after so if anything happens you already use the money instead of losing it and to spend the money that you have is not good that it might only lose.

Granxis

hero member

Activity: 1400

Merit: 536

These days are very critical because the christmas is approaching. Everyone thinks Bitcoin will be a price increase at the beginning of the year. so it would not be ridiculous to get btc with all our funds.

legendbtc

hero member

Activity: 1218

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Quote from: DZU1410 on October 08, 2017, 07:09:59 AM

I believe that placing all of your funds in bitcoin is very risky. In our country it has not yet been accepted as a currency and I constantly need to exchange it for ordinary money.

Nowadays placing all them into fiat currency is also not good. So we have to divert our money into different good which is available in the market because if we stick to one we might lose the value when the price of any coin decreases.

DZU1410

sr. member

Activity: 462

Merit: 250

https://saturn.black

I believe that placing all of your funds in bitcoin is very risky. In our country it has not yet been accepted as a currency and I constantly need to exchange it for ordinary money.

PizzaBTC

sr. member

Activity: 555

Merit: 252

Quote from: Vastraint on October 01, 2017, 02:50:27 PM

Quote from: Blazin8888 on September 15, 2017, 01:12:55 PM

Of course, no. It's not a good idea. The best way to save and increase your money is to invest it in different projects or coins. Bitcoin is the great coin, but not single.

True. Always have a counterpart or an alternative. Even millionaires is not putting all their business into one big thing, because what is something goes wrong? Always have at least 5 sources of income. If the other one didn't work well or had a problem borrow money from the other one and so on. you'll be drowning if you only have one business and you can't sustain when there is an emergency if you will be putting all your money into BTC. Make a set point of at least. %0 percent of your saving from your monthly salary will go to crypto.

Indeed it is sagacious to have diversified portfolio but you should invest as much as you can in bitcoin because no other coin is having potential of generating enough profit that bitcoin does. Even the eth that is so called best altcoin and worst competitor of bitcoin is not in the vicinity of bitcoin in generating profits. Stay diversified but keep bigger portion of bitcoin.

Wicked17

full member

Activity: 476

Merit: 107

Quote from: pop323 on March 12, 2017, 01:41:16 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.. ?

that will be good for you if you have a regular income in fiat. It will be more profitable if you convert your fiat into bitcoin. But question is where will you get the money if something unexpected happen like in an emergency? If your purpose for converting is to invest your money just remember the golden rules "just invest what you can afford to lose"

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: Dannaey on October 07, 2017, 01:06:52 AM

Quote from: zekeshawn on October 04, 2017, 11:10:36 PM

Its not practical and wise to put all your money in one basket that is why I never put everything in bitcoin though bitcoin has the higher percentage in my portfolio I see to it that I also invest in altcoins to diversify my money and to gain more profit.

Exactly. Do not put all your eggs in one basket. DIVERSIFY it. Buy some of your Bitcoin with altcoins so that they can multiply in number when your invested alt gets pump. When you just put all your money in Bitcoin, yes it will increase in value but it won't increase in number.

Zekeshawn/Dannaey, I like the fact that you both understand that its not good to put all your eggs in one basket. Of which is good to be diverse when it investment though. But, still left out one thing and the thing is investing into promising ICO which you could earn 2x or 3x in just a couple of days.
You could try out the Graft Decentralized Universal Payment Processor Network ICO and you'll thank me later

saenko

full member

Activity: 262

Merit: 100

I think it's too risky. An experienced investor should understand that all his funds must be stored in different cells in order to always remain at a profit and minimal losses.

Dannaey

full member

Activity: 468

Merit: 100

Experience the Future of DeFi

Quote from: zekeshawn on October 04, 2017, 11:10:36 PM

Its not practical and wise to put all your money in one basket that is why I never put everything in bitcoin though bitcoin has the higher percentage in my portfolio I see to it that I also invest in altcoins to diversify my money and to gain more profit.

Exactly. Do not put all your eggs in one basket. DIVERSIFY it. Buy some of your Bitcoin with altcoins so that they can multiply in number when your invested alt gets pump. When you just put all your money in Bitcoin, yes it will increase in value but it won't increase in number.

raysa

sr. member

Activity: 462

Merit: 252

I really want to invest on it, but Gold is easy one than bitcoin, i just hold my rest of bitcoin and wont exchange it into money(*no need to buy bitcoin with my money).

Juliedarwin

full member

Activity: 462

Merit: 100

Never to put one place all of your funds into bitcoin. Some of a time you will not get it easily. Make your mind open minded for all the incoming situation that really not expecting.

PokerFace3

hero member

Activity: 700

Merit: 500

Quote from: RealPhotoshoper on October 05, 2017, 01:34:42 AM

Quote from: zekeshawn on October 04, 2017, 11:10:36 PM

Its not practical and wise to put all your money in one basket that is why I never put everything in bitcoin though bitcoin has the higher percentage in my portfolio I see to it that I also invest in altcoins to diversify my money and to gain more profit.

Go big or go home , sometimes people use that principle.
At some point that could be a very useful , but you should know that the risk you just taken is so high.
It could give you a huge return also , i won't say it as a dumb or bad idea , i just call it taking big risk and that is fine.

Scenarios like that is like playing with the tip of the fire when you just finished washing your hand with fuel. It is an extremely huge risk and will not go well if anyone ends up losing it all. If you usually take such big risk, then I most definitely douch my cap for you. But man, you really need to reconsider cause one day, you can go big and never make it back home.

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: tailwate07 on October 04, 2017, 10:27:01 AM

Quote from: sumanto on September 26, 2017, 10:50:50 PM

Quote from: pop323 on March 12, 2017, 01:41:16 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, i do not put all my assets in bitcoin, i split my assets in some altcoin that i trust, like example BCC, XRP, and XLM.

I think this is something which varies from person to person. As far as placing my investment in the world of digital currency is concerned, I do put all my investments and funds into Bitcoin as there is no other better option than Bitcoin. Moreover, I keep enough amount of my funds in order to meet my monthly expenditures as well.

There will always be difference in our thinking, and that is good because we can get all sorts of answers and start from there.
As far as investment is concerned I too think that from all cryptocurrencys out there, Bitcoin is the strongest one and most safest. When some one ask me where they should invest, I always tell them Bitcoin. But i will never support putting all your founds in one place, that is just wrong. What is even worst, is when people put all their money in something and after they do not have money for day to day life. I see that you are doing that thing right. Distributing money right way is weary important.

BobBct

sr. member

Activity: 616

Merit: 250

Usually i give 30-50% of my funds for trading and the rest mine which is a big amount especially if you get a bigger income it's nice to give a big portion in trading.

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: ?? on ??

A good businessman does not put all his funds into an investment and that apply to all investments, not only bitcoin. I wouldn't advise you to put all your eggs in one basket so as not to suffer loss in the future. My advice for you is to invest a certain percentage of your income and put the rest to savings.

A good businessman who has a very very large account balance will never spend all of his money at one place, if he will try to buy bitcoin with 10 billion dollars, definitely he will grab a good amount of bitcoin and only few will be left for us.

Whales have this much amount in their banks but a person like me with few dollars in pocket will invest all in bitcoin as it is the best option in this regard.

camelson

copper member

Activity: 1386

Merit: 1000

No I do not put all my funds in bitcoin because it is very risky. I usually prefer to invest in more then one currencies and reduces the chances of risk and increases the chances of profit. I usually do a market search before investment, this will help me in finding a profitable coin.

shapoy

newbie

Activity: 43

Merit: 0

Never put all your funds into assets or bitcoin. It's possible that you can lose all.

henmark

sr. member

Activity: 786

Merit: 270

Quote from: vinz7229 on September 28, 2017, 02:08:38 AM

i think that's not advisable because bitcoin market value is not stable, sometimes high sometimes low, so your profit is not stable also, i suggest look for a wallet that you can stock your bitcoin in steady amount. a wallet that cannot affect each value even though the market price is getting high or low. and also if your going to put all your money in bitcoin, what if there's emergency you cannot easily get money because need to convert first your bitcoin according to your currrency, so still much better if you have money also in the bank for emergency purposes.

I also do not prefer this thing. The funds one has in hand must not be transferred all in all into the bitcoins because of lesser stability in their market price. It has yet not been legalized by the authorities so do keep a safe hand in handling your money.

If it is that much amount which needs to be kept aside as savings then you can also pt it n a bank which is quite safe for it.

Sohailul

full member

Activity: 546

Merit: 100

I think it is good idea but risky. Because if bitcoin price down then you will fall in a great loss. If increase so you will win or you will get profit. But i think if low you will loss everything. Again bitcoin value increasing. So can buy more coin for future and get more profit.

Topic: did you place all your funds into bitcoin? - page 57. (Read 123608 times)