The price of bitcoin is considerably rising,we all know this.It's price raise upto $12900.......in 06.12.17.I think the price will increase gradually.
But the fact is,there remains some risk.I will never suggest you to turn all of your money into bitcoin.Because,the value of bitcoin is increasing for the reducing number of bitcoin.It can be compared to gold.
So,I think,you can become rich overnight for bitcoin.Again,you can turn into a helpless person.It's upto your fate.Though there is no chance of fall of the price of bitcoin.But it's always a mystery. We can't tell anything before.
So,I'll suggest you not to turn all of your money into bitcoin.You can turn an amount of money into bitcoin to get the profit.But not all of your money.If you want so,do it as earlier as you can.
Topic: is it risky to turn all my money to bitcoins? - page 88. (Read 37348 times)
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
dollar averaging is proven not to work
Yes it is risky, every decision in investment is a risk but you have to analyze carefully if the risk is equal to the payback youre gonna have and if its worth it. Anyways, in my own opinion.. too much of something is always bad that is why you should not turn all of your money to bitcoins so that when an emergency comes you'll have money
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Every investment is a risk, do not turn all your money to bitcoin just a half of it will do. Yes, bitcoin is powerful and increasing month by month but it is hard to return all your money if the price drops for some reasons and you'll regret it. Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
dollar averaging is proven not to work
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
No, he identified two different forms of investing, and made a statement about one of those forms. You attributed that statement to the other form of investing, how can you not see that?
Your statement is true for day-trading. It is not true for long-term investing.
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
Reading comprehension is important.
"There is nothing in between" referenced hording / investing. It was a separate thought entirely from the trading aspect.
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
Were you born an asshole or did you have to work at it?
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
bitcoin hoarding/investing is very profitable when bitcoin succeeds and very lossy if bitcoin fails. There is nothing in between.
i assumed that it's obvious that daytrading and trading share the same properties and that "There is nothing in between" applied to the preceding sentence not the first sentence....
No, they do not have the same "properties", as one is done for short term profit, and one is done with the expectation of a long term profit. Day trading is like poker in that its highly profitable when others suck at it. Hoarding is just hoarding, there is no "strategy" to hoarding. You just hoard until you can't wait any longer to cash out.
mmh, do you know how to read?
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
bitcoin hoarding/investing is very profitable when bitcoin succeeds and very lossy if bitcoin fails. There is nothing in between.
i assumed that it's obvious that daytrading and trading share the same properties and that "There is nothing in between" applied to the preceding sentence not the first sentence....
No, they do not have the same "properties", as one is done for short term profit, and one is done with the expectation of a long term profit. Day trading is like poker in that its highly profitable when others suck at it. Hoarding is just hoarding, there is no "strategy" to hoarding. You just hoard until you can't wait any longer to cash out.
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
bitcoin hoarding/investing is very profitable when bitcoin succeeds and very lossy if bitcoin fails. There is nothing in between.
i assumed that it's obvious that daytrading and trading share the same properties and that "There is nothing in between" applied to the preceding sentence not the first sentence....
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
bitcoin hoarding/investing is very profitable when bitcoin succeeds and very lossy if bitcoin fails. There is nothing in between.
Bitcoin investing is like poker. It's very profitable when everyone else sucks at it.
Well I don't think even most bitcoin enthusiasts (like me) would say that was really smart. But then again what is a smart investment nowadays?
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
It is about risk appetite, not being smart. If you want to gamble, then Bitcoin is a good instrument for that. And it is better gamble than casinos, because at casinos your EV is negative. With Bitcoin you don't know the EV, but you can try estimating it
The only free lunch is diversification (first rule of investing). This guy is needlessly risking his life savings.
Is this a joke? Diversification is literally the only way to reduce risk for the same reward. This is the foundation of all portfolio theory and is mathematically proven.
http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/August/Diversification-in-Investing-is-for-Idiots.aspx
http://www.youtube.com/watch?v=wbjPiYE-F4Y
http://www.kungfufinance.com/diversified-or-diworseified/
So, no. It's not a joke.
Well I don't think even most bitcoin enthusiasts (like me) would say that was really smart. But then again what is a smart investment nowadays?
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
It is about risk appetite, not being smart. If you want to gamble, then Bitcoin is a good instrument for that. And it is better gamble than casinos, because at casinos your EV is negative. With Bitcoin you don't know the EV, but you can try estimating it
The only free lunch is diversification (first rule of investing). This guy is needlessly risking his life savings.
Is this a joke? Diversification is literally the only way to reduce risk for the same reward. This is the foundation of all portfolio theory and is mathematically proven.
Well I don't think even most bitcoin enthusiasts (like me) would say that was really smart. But then again what is a smart investment nowadays?
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
It is about risk appetite, not being smart. If you want to gamble, then Bitcoin is a good instrument for that. And it is better gamble than casinos, because at casinos your EV is negative. With Bitcoin you don't know the EV, but you can try estimating it
The only free lunch is diversification (first rule of investing). This guy is needlessly risking his life savings.
Well I don't think even most bitcoin enthusiasts (like me) would say that was really smart. But then again what is a smart investment nowadays?
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
It is about risk appetite, not being smart. If you want to gamble, then Bitcoin is a good instrument for that. And it is better gamble than casinos, because at casinos your EV is negative. With Bitcoin you don't know the EV, but you can try estimating it
Well I don't think even most bitcoin enthusiasts (like me) would say that was really smart. But then again what is a smart investment nowadays?
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
Stocks - Artificially inflated and disconnected from fundamentals. Major correction likely.
Bonds - Wouldn't touch with a 10 foot pole.
Real Estate - I like real estate but it takes management and maintenance and taxes and we are probably in another bubble here as well.
Precious Metals - Has history on its side but is target of confiscation and has issues with liquidity and storage.
US Dollar - LMAO
There is always risk in everything and for you to place all your money in bitcoins is not adviceable to do because you can still earn bitcoins on working in bounty campaigns and promote their ico's.
GET YOUR MONEY OUT OF AN EXCHANGE ARE YOU CRAZY HOLY SHIT YOU SHOULD HAVE FIGURED OUT PAPER WALLETS BEFORE PUTTING ALL YOUR MONEY IN
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