Topic: Should i allocate 100% of my savings to bitcoin ? - page 6. (Read 8037 times)
Do you like to gamble with your savings? It is historically true that the value of bitcoin, and almost everything else, retraces as it finds new value. A better strategy, in my opinion, would be to buy in small chunks over time. That way, in the unlikely event that price rises continuously, you are still profiting. However, in the more likely event that price drops before rising again, you won't lose so much because you will have better entry points. It is a more balanced approach. Balance is smart when you're talking about your savings.
I've heard Falkvinge won big on such a move.
i voted yes 
! I would never, I have two kids so i can't handle that much risk but ... if you have the balls it potentially VERY rewarding, but super risky ( especially now that bitcoin is pushing to a new all time high)
I recommend putting 50% in right away and keeping 50% on the side, if bitcoin drops alot, you can pick up cheap coins and lower your avg price.
make damn sure your wallet is secure ...
! I would never, I have two kids so i can't handle that much risk but ... if you have the balls it potentially VERY rewarding, but super risky ( especially now that bitcoin is pushing to a new all time high)I recommend putting 50% in right away and keeping 50% on the side, if bitcoin drops alot, you can pick up cheap coins and lower your avg price.
make damn sure your wallet is secure ...
If you ask such questions and don't have balls to take this responsibility, better stay away from trading at all.
A while ago i did a publicly feeded trade, sold bitcoins as a result of this poll https://bitcointalksearch.org/topic/m.1305375
If i had done no trades i would been better off lol. I ended up liquidating about 50% of my holdings. But it was still quite entertaning to just trust the decentralized forum consensus.
This time around regarless of shortterm overbought technicals im really tempted to move all my savings to bitcoin, mainly because of this: http://bitcoinmagazine.com/bitcoin-price-breaks-15-4-august-2012-high/
Should i, or should i not ? please post whatever you find most convincing.
Once again i'll submit to whatever the poll tells me to. ie: If 75% say yes it means i'll allocate 75% of my avail resources to bitcoin.
If i had done no trades i would been better off lol. I ended up liquidating about 50% of my holdings. But it was still quite entertaning to just trust the decentralized forum consensus.
This time around regarless of shortterm overbought technicals im really tempted to move all my savings to bitcoin, mainly because of this: http://bitcoinmagazine.com/bitcoin-price-breaks-15-4-august-2012-high/
Should i, or should i not ? please post whatever you find most convincing.
Once again i'll submit to whatever the poll tells me to. ie: If 75% say yes it means i'll allocate 75% of my avail resources to bitcoin.
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