Topic: Should I convert my savings into Bitcoin? - page 4. (Read 4598 times)
Like other said its profitable but for now i see that the price is high so i think this is not a right time to sell or exchange your savings into bitcoin better to wait more days to see if the price will goes down before you can exchange it into bitcoin so that you can make more profit once the price will increase again..
of course it will be profitable, you need is the determination to do it. think about it, if you lose when you do that, you just need to play or collect bitcoin trading again, so you can cover your losses. Well, the business can you make simple my friend 
Yes definitely. i am also doing that. Because if i keep my money in bank then they will give me only negligible interest but if i store money in bitcoin wallet then after price rise I can sell my bitcoin and make profit for free. but you can't sell wherever you want Because when price is low if you sell then you will face losses.
I think nobody can say for sure, because there are no people who are from the future and as Wittgenstein wrote: we can't refer future from current facts. Thus, we have only some probable predictions. Of course, people on this forum mostly believe in Bitcoin. Nevertheless, there were many posts about Quantum computer and whether it could destroy Bitcoin and posts about other profitable options like Ethereum. So you better decide on your own.
It's a really good idea. But I would suggest you to not to go all in so quickly. Buy when prices are down, at regular intervals. Invest little in stocks, mutual funds, bank fixed deposits. Buy and store btc but not full be careful, be a wise investor.
Yes, to make a decent profit it's necessary to buy the BTCs when its price is low, wait the price increase and sell. I think Bitcoins are a good investiment for sure, much better than bank investiment offers and things like that. The problem now is to know what is the low price of Bitcoin, because it's really volatile. Anyway, if you want you can buy BTCs now and hope to sell them for $750 or more soon.
It's a really good idea. But I would suggest you to not to go all in so quickly. Buy when prices are down, at regular intervals. Invest little in stocks, mutual funds, bank fixed deposits. Buy and store btc but not full be careful, be a wise investor.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
Don't do it. Instead save your bitcoin earnings on bank why? seriously in my own opinion bitcoin is still on its experimental stage so it is too risky but i didn't say that you should not try to earn so i suggest just get some part of those savings not all.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
It would have been profitable already for you if you had invested them in bitcoin before a month, because the price has gone up already from a few days and you were in profit right now, and still it is not too late, you can still get profits from the growing nature of bitcoin right now as if once it started getting stable then it may take some time again to grow.
Yes, you should. This is the best way to get profit from Bitcoin. Bitcoin is becoming more and more popular, and this leads to the increasing in Bitcoin price. Which means, when you convert all your money into Bitcoin, you can get profit and also can have many advantages from it
bitcoin is in a very good place right now with all the good news and the price rising up. that is why i think bitcoin is one of the best investments right now and the same situation as before will happen soon that people who haven't already buy bitcoin will regret it.
Yes its better to buy and hold bitcoin then to keep money in bank or in almirah because bitcoin price keeps fluctuating and one day you will have chance to earn free profit. because now it's price is about $687 and see after 6 months. you will definitely have profit of $100 per bitcoin.
Right now savings in banks and other investment won't give you a earning similar to the profit got from bitcoin due to the price variation that happens often. If you were in a plan to make additional earning from your savings, then surely one needs to convert the fiat savings to bitcoin.
Savings in banks is also safer than bitcoins. You won't see your savings halved in a matter of a few months.
So risk appetite decides how much you should invest in bitcoins.
Right now savings in banks and other investment won't give you a earning similar to the profit got from bitcoin due to the price variation that happens often. If you were in a plan to make additional earning from your savings, then surely one needs to convert the fiat savings to bitcoin.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
It is profitable even if you do not actively trade. Just buy some bitcoins and hold them for a while. Regularly check the price, if it is higher than when you buy then sell it for profit. Just do the process over and over again.
You should know the risks to put all your money into something, that might be a big loss or a big earn, even with bitcoin looking stable you must invest safety into it, i myself do pretend to invest my savings into bitcoin at 2017, but i do know the risks doing such, soo there is a huge potencial that comes with a high risk as well.
Yes, its definitely profitable. Bitcoin price has once again started to raise and it is soon expected to cross $700. Investing in Bitcoin is secure as it works in block chain system.Its much profitable when compared to investment in gold
I agreed with you, at the present time now it is good or right timing for now to invest in bitcoin. The price value is continue increasing which is representing that Bitcoin is a kind of investment where it is deserving to put our money.
don't put all of your savings into bitcoin because you have that money with your daily life, and if you convert all your savings into bitcoin then how you can live in daily? beside that, what do you want after you have bitcoin? is it to hold in long time or you want to trading or you want to join into investment program? this is important question because i hope you don't make any mistake that you will regret it in your future and you don't miss something with your life.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
But what do you get when the price goes down?
they only lured on profit profit and profit never thinking about the worst scenario
in the end they will regret everything yeah
you should have a plan B to cover up your loss in case this worst scenario did happened.
Bitcoin price has been set $680s for few days, people in this forum speculate about how this year bitcoin would reach through $700
You can believe it or not, but still the price will always rise as usually it did a hundred times before.
People would really continue to speculate regarding on bitcoins price because we are hoping for bitcoins price to rise to its peak and all would be benefit that event for sure. Putting up your savings to bitcoin would be a good choice though but dont put all that you cant afford to lose.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
But what do you get when the price goes down?
they only lured on profit profit and profit never thinking about the worst scenario
in the end they will regret everything yeah
you should have a plan B to cover up your loss in case this worst scenario did happened.
Bitcoin price has been set $680s for few days, people in this forum speculate about how this year bitcoin would reach through $700
You can believe it or not, but still the price will always rise as usually it did a hundred times before.
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
Don`t invest all your savings into bitcoin.Invest around 50%
Be carefull when you buy bitcoins.
Yes.Bitcoin is profitable and you might make some money from the price increase.
Jump to: