did you place all your funds into bitcoin? - page 97.

BitcoinBabbler

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Quote from: jackchun on June 13, 2017, 04:29:17 AM

I mainly hold my funds in PayPal, payoneer, bitcoin and perfectmoney.
But Cashout bitcoin and perfectmoney is quite hard.

Any suggestions?

Not quite sure about perfectmoney, but you can cash out bitcoin using any online exchanger. I use Zebpay (India), you can find such exchangers for your country online.

ChrisPop

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Not your Keys, Not your Bitcoins

Bitcoin is a great way to invest your hard-earned money,but I advise you to divide your capital in more revenue streams from different mediums. Like invest a percent in stocks,in real-estate(if you're somehow wealthy),bitcoin,gold/silver then try some more riskier investments like starting a business or forex trading. Wink

All the "game" is about investing wisely and diversifying. And of course you need to work hard and smart! This way I don't see how someone couldn't achieve success. Cool

Himanshu111

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No, i haven't placed all by funds in Bitcoin. You should not keep all your eggs in one basket. You should have a diversified portfolio to reduce the risk and make more money. Invest your money in some business and invest extra portion of your money in bitcoin.

jackchun

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I mainly hold my funds in PayPal, payoneer, bitcoin and perfectmoney.
But Cashout bitcoin and perfectmoney is quite hard.

Any suggestions?

VenceyBit

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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 would not put all my money to bitcoin although i am confident with bitcoin. Much better to invest in other traditional business. Just put your extra money to bitcoin. But if you are saving it in bank you might want to put at least 80% to bitcoin.

wuvdoll

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Quote from: MMA on June 09, 2017, 01:53:27 PM

Quote from: Sniper150 on June 09, 2017, 11:00:35 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.. ?

My suggestion for you is do not put all your funds in bitcoin. Just put a half of it because there are many scammers in this world of bitcoin. It is more risky that's why I suggest it to you.

about 70% of my funds are in bitcoin and still want to invest more. i am confident about the price of bitcoin that it will increase more in near future, because so many other countries are going to turn bitcoin as legal currency like japan, so the price will boost again and hope that it will cross 4000 very soon, therefore i think still it is good time to invest money in bitcoin and wait for the time when its price will increase more.

I will never do this for me it is more necessary to minimize the risk to my investment more than the earnings.
Though Japan has legalized it but still it is not a good reason for me to put most of my funds in the bitcoin. I am in favor of risk diversification and therefore I have diversified my investments into many coins currently. I may lose some chances of making big money from bitcoin's rapid rises still I prefer stay secured than losing all at once.

tristan1960

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Hahahah in case of having only 1-2k usd, I would put all in bitcoin. If you have much more than it, you cannot do this.

sushimi123

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Lol I put like 80-90% of my savings into bitcoin at 2k but then again I am just a college kid who doesnt have to worry about bills for the next couple years

bluefirecorp

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Quote from: eann014 on June 10, 2017, 04:20:34 AM

I don't think it is good to put all your funds in bitcoin. We may not know when to increases or decreases it's value, it is much better to earn bitcoin and keep some of it, but do not put all your funds in it. I think it is better to put your money in multiple accounts or wallet.

Why not mate? Do you still doubt about the strength of the bitcoin?
After the recent development in the Bitcoin that the Japanese government has legalize it in Japan as a mean of payment, I guess there is no reason left to not to trust into the bitcoin. Also there were people who were talking about the increase of the price that it is a bubble and it will burst but look at it now. I have no problem to invest all my funds into the bitcoin.

KingdomHearts

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Quote from: Vaskiy on June 06, 2017, 08:19:29 PM

I don't have much holdings and what I have is completely diversified in various forms. A major part is in the form of bitcoin holding. I realized this and made the diversification when an scammer made an attempt to hack my wallet and take it under his control. From that I diversified, because once lost is lost we cannot do anything.

Yeah same is the case here. I also don’t have much holdings because my financial don’t allow me to save much of my earnings at the time, but the little that I have are diversified as well. I have am holding just two Bitcoins currently and the rest of my investments are in the Alts mainly in etherium, Dash & XRP etc. So, I consider myself a bit safe.

Bowly88

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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.. ?

If you did that that before, you're great now. I think there is nothing bad in investing in one inveatment at a time as you ascertain how legit it is and how sttong its market is. However, it's not good to put everything. There should be left for savings in case of emergency.

Malsetid

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Quote from: Kupid002 on June 11, 2017, 11:27:58 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.. ?

Yes bitcoin is a good investment to make your money grow but had risk also. But holding it for long term will be a good investment mostly now that the price continue to skyrocket. But I will not put all my money In btc only trading altcoin is much profitable for me .

Profitability wise, I'd put my money on btc rather than other altcoins. And you're right. It's foolish to put all your resources in one place whether it's btc, gold or whatever. Given the unpredictability of btc, we'd all be wise to keep our resources spread out in other investments. Though your gamble may reap huge profits if you place all your money in btc, the risk is too great to lose all your money as well if something unwanted happens

johnwest

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Quote from: Kupid002 on June 11, 2017, 11:27:58 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.. ?

Yes bitcoin is a good investment to make your money grow but had risk also. But holding it for long term will be a good investment mostly now that the price continue to skyrocket. But I will not put all my money In btc only trading altcoin is much profitable for me .

Although I agree with the fact that it may skyrocket in upcoming days and have a great value as an investment but I dont agree with investing everything into BTC is a good idea. its volatile and always risky, so I keep only my savings in BTC and it earns for itself with time.

Kupid002

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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.. ?

Yes bitcoin is a good investment to make your money grow but had risk also. But holding it for long term will be a good investment mostly now that the price continue to skyrocket. But I will not put all my money In btc only trading altcoin is much profitable for me .

geegaw

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Quote from: Ethan_Locke on June 10, 2017, 05:53:19 PM

Bitcoin should be used as an investment vehicle to diversify and should not be used as a sole source of saving. You should only every take risk with currency that you can afford to loose. I personally invest 80% bitcoin, 20% altcoins both at ICO stage and currently available.

Yeah, I have the same thought as you. 80% bitcoin and 20% for altcoin or ico investment, it will create for us many passive income sources and do not make our money frozen. In addition, it also limits the risk of investing because investing will certainly be risky and we can not predict when it will happen, if we do not put everything in, when we face risk, we will still lose money but not lose everything. We should have a strategy and reasonable investment plan, do not put all the money in one place, that would endanger our property

tengek37

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I invested almost half of my savings at bank in bitcoins. And very grateful for current price increase. So i can get a satisfactory profit.

Duzter

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I haven't made big earnings in bitcoin. Right now I have a small amount of bitcoin and the same is held into the wallet as a long term investment. In future sure I'll make an investment when I make a good earning from my day job. As I was not that experienced will participate into higher earning methods once after gaining good knowledge.

wuvdoll

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Quote from: RealPhotoshoper on June 08, 2017, 01:05:34 AM

Quote from: malikusama on June 07, 2017, 08:47:41 PM

I will never suggest you to put all the eggs in one basket. However bitcoin is the best way to invest and to earn a good profit but you should also be aware of its volatility. Bitcoin is profitable but not stable.

Yeaaa and i believe most people did not do that for any reason.
Bitcoin still like an expetimental digital currency and some people consider it as a place to invest.
A lot of people still doubt on bitcoin , but only want to make profit through its volatility.

I agree and this is somehow the truth about the bitcoin as well. Many people do earn profit from the volatility of the Bitcoin.

The Bitcoin still is new to many people. It might be popular in the west or in the first world countries but in the Third world countries it is still a new idea to the people and they are investing in it as a sort of experiment.

Ethan_Locke

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Bitcoin should be used as an investment vehicle to diversify and should not be used as a sole source of saving. You should only every take risk with currency that you can afford to loose. I personally invest 80% bitcoin, 20% altcoins both at ICO stage and currently available.

richardsNY

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Quote from: Drnice on June 10, 2017, 02:58:05 PM

Putting all your money into Bitcoin is a good way of growing your money steadily but kind of slowly because there is no risk involved, but putting 1/2 (0.25 for Bitcoin and the other 0.25 for investment or trading) will be a better way to grow your money and still have some with you. Cool

Risk free doesn't exist when it comes to investments. In this case, Bitcoin itself isn't really the problem, or the volatility that comes with it, but more the unstable people that shouldn't invest to begin with. It's easy to say I will keep holding my coins for a few years, but most of the people that started with such intentions, find themselves selling their coins in panic at the time a correction takes place. This is where solid holders/traders seperate themselves from the weak handed yolo gamblers that don't understand anything when it comes to the market. Talk is cheap, steel balls are literally worth their weight in gold. Wink

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