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Topic: did you place all your funds into bitcoin? - page 92. (Read 123608 times)

sr. member
Activity: 574
Merit: 256
After understanding characteristics and interests of many people to bitcoin. I have invested my money on bitcoin. Where, previously i was saving at bank and now switching on bitcoin.

it is your good decision that you invested your money in bitcoin because the price of bitcoin is now increasing rapidly and it will make a good profit for you, but i think saving half of your money in bitcoin will very good because placing all the fund is not good as if you suddenly need a big amount of money then it will be difficult for to convert bitcoin into fiat because this process takes time.
hero member
Activity: 672
Merit: 500
See the rapid development of bitcoin until now, certainly be one option to invest in bitcoin. But the risk of loss will always be there.

Let bitcoin, the government BANK alone still have the risk of loss

So my advice, make another option to expand your money. Like I do now
sr. member
Activity: 253
Merit: 250
After understanding characteristics and interests of many people to bitcoin. I have invested my money on bitcoin. Where, previously i was saving at bank and now switching on bitcoin.
member
Activity: 81
Merit: 10
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.. ?


If in my opinion ... your idea of ​​mendeposite to bitcoin for the development of your money is a good idea ... see the rapid progress of bitcoin ... and you have up and down a balanced price ... but you Should always lurk up and down the price of bitcoin .... but if you are in doubt ... it would be nice to try with a capital that is not too big ... thanks ...
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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 depends on your time duration if you have a long term dedication and committment to it then you should be fine as you can smooth out the dips and bumps otherwise its better to have an operating amount of cash then the rest is invested.
legendary
Activity: 1137
Merit: 1000
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, that's the riskiest thing that we can ever made. I have never put all my money into something nor in any cryptocurrencies like bitcoin.

Not that I don't believe that bitcoin can't cost much more in the future but I have easier access to the cash rather than bitcoin in case I need to spend them urgently.

Of course that investing large amounts has larger risks but at the same time is a good way to grow your money.
hero member
Activity: 588
Merit: 500
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.
no never i will never like to place my fund in bitcoin but will put 70 to 80 % and that is only because i am sure that bitcoin price has too much potential to increase its price and it will surely give me a good profit. although i want to put all my fund in bitcoin but i want to save fund for my personal use so as to fulfill my personal needs with it, and can also help me in case of emergency if i need it.
sr. member
Activity: 602
Merit: 250
You should never put all your funds into one basket! If you did it with bitcoin few months or few years ago it did work, but it could also went wrong. After it worked it is easy to say that it was the right decision, but honestly who knew it in advance? That is why you should always split the risk.
If a person can diversify his investment w=in a way that he start some beneficial businesses etc then it is OK. But I will suggest to put them in bitcoin and along with that if anyone also invest in some ICO then it is also beneficial for them as it often earn money.
hero member
Activity: 655
Merit: 500
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.
yes i also not placed all my fund in bitcoin, because i never invest all my money in one place i like to distribute my money in different places,i just want to reduce the risk of losing money, because is dangerous to put all assets in one business as if the business does dong you can lose  you all money but if you have distributed your investment in some different places then if you are not getting money from one side you can sure get from other side.
sr. member
Activity: 336
Merit: 260
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.
hero member
Activity: 798
Merit: 501
I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.
I have invested more that half of my assets in bitcoin. I recently sold my car and now I am even thinking about to invest the money in bitcoin, and wait for some time because I am sure I can buy a latest car after some time If I hold my bitcoin and do not invest it anywhere else or do not turn it in cash. because I am sure about the price that it do not have to stay here for a long time and it will continue increasing after some days, so investing money in bitcoin in present position may be more safe and profitable investment.
hero member
Activity: 490
Merit: 500
I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.
The best move but you can choose to invest your money to bitcoin also just don't spend it bitcoin has the potention to grow imagine if you turn your $5k dollars when the price of bitcoin is in $2000 or up then you already made some profit and then sell them to save into your bank placing all funds with bitcoin is by choice if you plan and have already idea with trading the so be it and let your money grow from it.
yes that is right if you do not feel it necessary to spend bitcoin or can manage to hold it for some more time then there is such a good opportunity to make profit from bitcoin because every is still confident that the price of bitcoin is gong to increase and may be cross 4000$ so i am going to manage and busy more bitcoin, as i am already holding some bitcoins but still try to buy some more and increasing the holding about of bitcoin and will like to continue holding bitcoin for a long time.
legendary
Activity: 1036
Merit: 1002
I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.
The best move but you can choose to invest your money to bitcoin also just don't spend it bitcoin has the potention to grow imagine if you turn your $5k dollars when the price of bitcoin is in $2000 or up then you already made some profit and then sell them to save into your bank placing all funds with bitcoin is by choice if you plan and have already idea with trading the so be it and let your money grow from it.
hero member
Activity: 688
Merit: 500
I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.

That's the perfect strategy mate as we cannot take risk of investing all money in bitcoins as anything is possible with bitcoins in future and if we invest all money in it and if it dies or disappears then we will be loosing all our money at single point.
member
Activity: 109
Merit: 10
I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.
hero member
Activity: 938
Merit: 500
For now at least, Bitcoin seems to be the strongest and most stable crypto coin out there, but it probably wouldn't be a good idea to invest all your crypto funds into it. The only other problem is trying to figure out which other coins to invest it.
Investing in bitcoin is much better because bitcoin is growing much faster and its market is also increasing very faster. The governments are also adopting it for their use. So it has a better future.
yes that is right, but still it is risky to put all your money in bitcoin, because no one is sure about that either ts price will increase or decrease. therefore for security purposes you should not put all your money n bitcoin.

If you are putting your money at single place then you are putting your money at huge risk as you never know what future holds for you and if bitcoin fails in future then it will bring huge loss for you so its better to invest in different products.
newbie
Activity: 14
Merit: 0
You should never ever place all your funds into one thing. No matter which asset or currency. This is the highest of all priciples of money and wealth  Tongue
sr. member
Activity: 462
Merit: 250
For now at least, Bitcoin seems to be the strongest and most stable crypto coin out there, but it probably wouldn't be a good idea to invest all your crypto funds into it. The only other problem is trying to figure out which other coins to invest it.
Investing in bitcoin is much better because bitcoin is growing much faster and its market is also increasing very faster. The governments are also adopting it for their use. So it has a better future.
yes that is right, but still it is risky to put all your money in bitcoin, because no one is sure about that either ts price will increase or decrease. therefore for security purposes you should not put all your money n bitcoin.
sr. member
Activity: 378
Merit: 250
Placing all funds into bitcoin is not a wise decision, but with a perfect planning investing into bitcoin gives the best profit. So that the profit earned through the same can be diversified on different investment platforms and the the diversification of investment will reduce the risk.
Agreed, its too risky if we do place our fund all into bitcoin now, because our projection into bitcoin to become a world currency
is not the right time yet to be happen, because at the present time now Dollar is the world currency so far in the entire world.
yes that is right that putting all your money in one business is risky, but bitcoin has special case, investment in bitcoin is too much safe and i think if you will put your money you can even make your profit double in next few months because currently the price of bitcoin is trading in 2600$ and it is expected that in next few months its price can reach to 5000$ so your investment can become double, but you must hold your bitcoin for that time.
sr. member
Activity: 364
Merit: 250
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 think it's a very stupid decision. If you do that what will you use for your everyday necessities? Bitcoin is very volatile so like they always say "don't put all your eggs on the basket".
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