did you place all your funds into bitcoin? - page 7.

semutracing

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Quote from: RastMan on June 21, 2017, 12:34:26 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.. ?

Never invest 100% of its reserves in a cryptocurrency is a particularly risky investment, an area where one is never sure of the turn and a financial event (a crash especially) can occur at any time.

If you have enough money, you can invest a little bit of your money. Because I think bitcoin is good for investment. But do not expect too much just from bitcoin, you also have to have a major job as a source of income for sure

chipzeru

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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.. ?

Don't ever put all of your money in just one type of investment. Also put your amount of money that you can afford to lose and try to diversify your investment. I know bitcoin is a good investment but it doesn't mean it has no risk. No one can predict how long does it takes for bitcoin to surge again.

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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 have talked to a lot of my friends. Some of them are very bullish about Bitcoin and have invested more than 90% of their funds in to crypto. But at the same time, none of the investment experts advice you to keep more than 10% of your wealth in the form of crypto.

Vanshenz

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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, I agree with you, putting all the money on the investment is very dangerous, because if you suffer losses then the money will be all gone, so better invest some of the money you have, to earn extra money.

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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 should not, save for yourself half of it and the other half you can invest in bitcoin but always remember, think that there is always a risk in putting money for some investment.

Lanatsa

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Quote from: popolite11 on April 05, 2018, 03:37:34 PM

Quote from: miyong on April 03, 2018, 06:51:36 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.. ?

I strongly believed that bitcoin is a good choice for our investment but with a greater risk so it is much better to put a portion of your savings and do not put all your money in single investment.

Supporting Bitcoin does not mean investing everything in it. You risk too much. The best thing will be to spread all your funds and buy various altcoins.

Diversifying would always the best move to be made and as an investor this should really be done.Im not saying its bad to go all in with bitcoin but we do know that market is very unpredictable and anytime price dip do happen.If we do only focus on a single coin then chances of recovery would hard not compared on having another option or investment which will possible able help us to gain to patch up losses which is good in any situation.

popolite11

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Quote from: miyong on April 03, 2018, 06:51:36 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.. ?

I strongly believed that bitcoin is a good choice for our investment but with a greater risk so it is much better to put a portion of your savings and do not put all your money in single investment.

Supporting Bitcoin does not mean investing everything in it. You risk too much. The best thing will be to spread all your funds and buy various altcoins.

josephpogi

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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 have almost no funds in bitcoin, cuz whenever I buy bitcoin, I find another altcoin that I want to invest in. By buying altcoins, I was able to increase my total portfolio by 10x easily. Just look through the top 200 coins at coinmarketcap, do a little research and buy some coins you actually believe in. Solarcoin and Ethereum have both worked out very well for me!

mstfprcn

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I can't place all my funds into bitcoin because I was scared that one day bitcoin were declared bankruptcy. But I put enough fund as investment for the future value of bitcoin.

otundebis

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Not all but eighty to ninety percent of my fund are in bitcoin. When it comes to cryptocurrency, bitcoin determined the pace and the success in cryptocurrency market. It therefore a wise decision to place larger part of your fund in Bitcoin.

btcformula

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never do this mistake , Bitcoin is a good investments and you can earn here if you are wise enough if place in a nice investment.

Sihab76

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No. I will transfer half 🌓 of my money into bitcoin and Ethereum because now bitcoin price is so low that if i could transfer my amount into bitcoin, then it would bring more profit in future.

natsu01

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I still not transfer my funds into bitcoins but i have already planned that i will transfer it into btc because bitcoin can hit up to 20000$ maybe in the 3rd quarter of the year 2018.

DevilSlayer

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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.. ?

The reason why I placed my money on the bitcoin is because of the big amount of profit that I can get. Yes it is risky but I love to take risk. The more the risk, the more the money that I can get.

syahdurindu

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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.. ?

in my opinion do not keep all your money in bitcoin, because the risk to lose too big. then you will be difficult if suddenly you need fiat money while bitcoin price is decreasing, of course you will lose if sell it.
advice from me keep some of your money in bitcoin, and partly you hold for your needs.

miyong

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No, i did not, i only invest some portion of my savings for now but before, i actually dit it, i placed my savings just to earn or get a small profit because of a very small capital since i am only a student.

marginal

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I have many altcoins in my wallet, so money is in different pockets. In this case, if bitcoin plunges again, it wont affect drastically cos my funds are allocated in many alts.

miyong

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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 strongly believed that bitcoin is a good choice for our investment but with a greater risk so it is much better to put a portion of your savings and do not put all your money in single investment.

hurriebra49

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Yes off course bitcoin price is down currently and the market situation is telling there is best time to invest in bitcoin and I am investing in bitcoin almost all of my funds and this time is best to place funds into the bitcoin because bitcoin price in future will go high and makes you able to get good return,

hatun

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Quote from: danherbias07 on March 12, 2017, 12:44:18 PM

Why would you do that? Then, there would be nothing to be spent by you.
Just invest those you think you can afford and have something left for yourself and for emergency purposes. That is not how investing should be. It is suicide. Actually this is a dumb question but I think you need some light.

Investment of all money is simply a suicidal decision. At present bitcoin price is attractive to purchase, yet you can't assure that this price will not crash further. Any investment is risky. Thus do not keep all of your eggs in one basket. Purchase with maximum 50% of your fund and keep rest 50% handy for emergency purpose or rebuy to average price.

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