Bitcoin Forum

i have about 1200 Dollar in stocks(savings). should i just move those Money and buy BTC for them instead ? and Hodl for atleast 5 years ?

You shouldn't move all of it, that could be very risky. If you think that Bitcoin will appreciate in value, you should buy some, but keep some money in fiat, in case Bitcoin crashes.

well my savings are in ''Stocks, atleast i think it's what its called'' so they could go down Very very much, which they have done over the 10 years.


These are money i don't need actually, i have a job and all, so even if BTC would crash then it wouldn't be so big loss. but a loss never the less.

but do you really believe BTC Would crash ? i believe strongly that BTC will Thrive in the future

Its a gamble that could go up or down I'm sure you know the risks involved. No-one can say what the btc price will be in 5 years and whether it will be worth more or less than today. Hopefully it will be worth more but there's always a chance it will be worth less.

The call ultimately comes down to what you think is best I'm afraid. Personally, I am investing any spare funds I have in bitcoin because I think the value will go up but that's just me, I'm not advising you to do the same. And I'm only investing money I can afford to lose which isn't very much in all honesty. Just the odd $50 - $100 here and there.

Yes.

2011 = 1 USD
2012 = 10 USD
2013 = 100 USD
2014 = 330 USD
2015 = 250 USD... ?

http://imagizer.imageshack.us/a/img540/5700/ENcpIN.png

i can afford to lose these money, its not much (or of course it much money i mean 1200 Dollar is a lot) but it would't set me back Economically or anything
yeah, but i'm not going to touch those savings for another 5 years maybe.

Bitcoin is risky, don't let anyone tell you otherwise but it could pay off? Who knows it is your decision and noone elses.

yes i know, just want some advice, i'm really closse to actually doing it.

Its up to you buddy, I would but thats just me....

2015 = 350 $
2016 = 400 $
2017 = 700$
2018 = 1000$ back again  8)

Very nice way to put it, it could actually be credible but just just 50 usd  on 16 ? i would put it at 500 at lease .

I understand it isn't as exciting as going all in but....

Pay off all your debts first or if you have too many clean them out with a bankruptcy, than keep half in USD or another stable fiat and half in BTC. Use your savings base as a means of insurance and security and to leverage the cheapest currency to by goods and services cheaper while replenishing your fiat and BTC when you do.

If you always have both cash and bitcoin on hand and you keep track your purchase price you can always get larger discounts and than use those savings to reinvest and grow your portfolio (which should spread to gold, land, businesses, ect).

You should easily outperform any gains on stocks when you account for proper inflation and capital gains tax which is at least 5-8% + 10-20% = 15 to 28% minimum you can shave off of gains from stocks.

I.E...  If bitcoin is at least 80% of your purchase price than it is wise to use it with purse.io to save 5-10%. If bitcoin has appreciated by 10% than those items you purchased are now 40% off. If bitcoin is 70% your purchase value use your fiat. Anything that you save , reinvest instead of buying unnecessary items. There are much bigger choices you will make in life that will determine your financial future than bitcoin however... like waiting to have children when you can afford it.

after POW END will be moon  ::)
https://i.imgur.com/HSBt41p.jpg

If you want me to be honest I would do it.  When will you have a chance like this again in a potential world changing technology?  And if it crashes, you took a risk and lost, oh well.  Just don't buy more then you can afford to lose. 

If I were you I would not do it, bitcoin is still in an volatile phase where it may go down in a high percentage

I would try to earn bitcoin doing jobs or something like that,but don't out your savings in it

If you honestly don't plan to touch those funds for 5 years, and can afford the risk of loosing a portion of it, then by all means go for it, that's honestly my opinion.
Even in the worst case scenario bitcoin can't make you 100% loss, it can only decrease in value, since it's safe to say that whatever happens, bitcoin will still be alive and so will be mining operations.

Estimated block value in 2021 will be 6.25 per block, which is 4 times less than today.
Imagine a scenario where we have identical hype level from previous ATH, where 1250 USD was reached with 25 btc per block;
assuming that people are holding their funds and only miners are dumping, money supply from that time would give btc price 5000USD (1250x4)

I know it's only one of the possible scenarios, but when something can realisticly go anywhere between 50 USD to 5000 USD, where ~250USD is your start position,
your bet ranges from 80% possible loss to 2000% gain, i would roll that dice any day! Especialy because you can afford high risk investment w/o having much impact.
Considering other high risk alternatives, there are none that offer such odds as far as i know.

cheers mate!

Just half or 1/3 of them. And not all of them. Spread your investment.

I think you should avoid that

I always say,don't risk money you can't afford to lose

There are few things you need to do before you post on a thread, like actually reading the OP, and it wouldn't hurt to skim through posts previously made.
OP clearly states that he CAN afford it, it's not like he's going to die due to 1200$ investment.

"i can afford to lose these money, its not much (or of course it much money i mean 1200 Dollar is a lot) but it would't set me back Economically or anything "

If you think bitcoin investments should be avoided, then what do you propose as an alternative? And why are you even on bitcoin forum?

cheers

I would move more than half. like 70% bitcoin 30% stocks I believe that BTC will go up, maybe not in the near future, but in 5+ years it should be way higher than right now. stocks usually just sit and go down or up a few % a year.

Great post bro,  i do suggest if you feel like you could risk the amount of savings you currently have in order to secure a good position, not has we all have different theory to what could happen in the future, the post above is a great way to hope for the future.

HECK NO!  That is not a safe bet at all.  Maybe 30-40 percent of your saving to bitcoin is safe but not anything over 50 percent.  I would have a broker or other professional or know help you with investing the rest.  Heck, maybe him/her could help you in investing in BTC. :)  I sort of doubt it but it is possibly.

The general rule is that you should invest what you can afford to lose in BTC. The volatility nature of BTC makes this rule logical. e.g in 2013, the price surged to $1000+ but a few months on, it dropped to $500 and then to $200. Unfortunately, no one will be able to predict the future so never invest too much into Bitcoin.

Don't put all your eggs in one basket,
I highly suggest gold if you want stability.
Maybe go 50/50?
1200 isn't worth 5 years.

Bitcoin investments are for the gamble, but although I really want bitcoin to go drastically up.
 I don't see it.

this is what i am doing:
i have majority of my money in savings account in the bank. and add to it ~ once a month.
the rest is divided into two things at the moment:
one of them is gold, since it is a solid investment with 0 chance of loss in long run
the other part is bitcoin, which i always try to add to it either from buying it at low prices or signature campaign payment or my altcoin trading profits. and i am planning on holding long term.

also i must mention that investment plans differ from country to country and it depends on where you live and more importantly how much you have. for example in my country stock market is terrible right now.

You should only move some of it. Or better still, move only what you can afford to lose. The price is still volatile and can go up or down at any moment, so you'd have to be careful.

Maybe you can try half of your saving. At now we don't know what will be happened tomorrow and next year, so it's a wise way to move half of your saving into bitcoin.

Not only your savings but as much of your spending money as you can.

Don't just hodl. Spend.

Learn the many places you can use bitcoins in your every day life and get off of the dollar. The sooner you can do that, the sooner you will be free.

since you said it's money you don't use and can afford to lose IF things go south, I would encourage the switch to BTC now while prices are low. As someone with a paid job, I'm sure you will be able to set aside more savings with time and you could eventually diversify your portofolio.

As a general principle you should have emergency savings sufficient to maintain yourself if you lost your job (or had a medical situation) for several months. Those savings should be very conservatively held (such as in a bank checking account) and easy to access.

Only after you have that safe foundation should you build on it with riskier investments. You should have an idea of what the _purpose_ is for this money. Are you saving it for a new car in 3 years? A down payment on a house in 5 years? A child's college education? Retirement?

Once you know what you plan to do with it, you can invest accordingly. If you are saving for a car or house in a couple years, don't put it into a high risk investment. But something with a smaller amount of risk would be OK, to give it a chance to grow a little. If you are saving for the long term and already have some retirement savings then you can be comfortable with a higher risk investment. That's how I'd envision a bitcoin investment. It has the potential for high returns, but also for the opposite.

Hope this helps....

That can be a wise decision, buy and hold them for 5 years, go for it  :D

Yes, the best way is to divide your investments. How much you want to put in btc is up to you but never invest in only bitcoins. Cryptocurrency is to volatile, you cant treat it as bank funds or obligations where you only buy it and wait while doing nothing. You may want to monitor bitcoin market, after all we can have another over $1000 price spike. It would be wisely to sell btc when it will happen.

yes do it, there will not be any other chance to buy cheap coin like it is now(you're already a bit late, we are moving toward 250+)

but maybe a good strategy would be to buy a small chunk, every time it move up, and use only 10% of your money for every buying

so you can buy now with $120 ,then wait one week and buy again with another 120 piece

not all of your funds ...... just a portion .....

If you do this, look into Cold Storage.

Learn the right way to store your bitcoins. Bitcoins on a website are not your bitcoins.

why don't you do half gold half btc?
 ;)

i bought 1 extra btc.. i'll wait and see when to buy next one, which should be very soon :) !

My advise on this is buy only what you can miss for a very long time.
So do not use any of the funds you have unless you are really sure you do not need it in the coming 5 years
It also depends where you live, for instance in my country funds up to 100,000 euro are kinda protected by bank and governement against the bank going bancrupt.
So the money in the bank is safer than bitcoin, the downside is the rent on these accounts is insane low at the moment.
Again use your brain and think about what can happen with the bitcoin, nothing is secure anyway on the net.
Not even presidents, cia, fbi, banks, nasa the list is very long you get the idea.
Sane is to put that what you can miss in btc and gamble on it to move up.
Which in my view is not going to happen anytime soon.
However i also do not read crystal balls and claim to know whats gonna happen at all.
Just giving my personal opinion

Good luck dude in my advice you should move your investment from stocks into BTCitcoin as long term like you are saying you will hold it for 5 years, in my opinion the price will dramatically get increase and it can go up to more than $5000 at this time as financial indicator showing the positive signs about it's future.

If you don't mind losing your money then by all means buy BTC and hold. Put those coins in the cold storage somewhere and just forget about it. One day you might wake up finding your coins are worth a few thousand dollars  :) or the opposite, they might be worth a few bucks  :(  


PS. I still have my 50 coins I bought in early 2013 from my whiplash payout, it's just laying in my bank safety deposit box. No, I did not sell at ATH and I am not planning to sell those even if BTC goes above 1k again  ;D  

since you are saying that you can afford to lose it, i say put it in bitcoin. but if you are getting profit from your stocks(savings) at the moment i say you don't take all your money out of it and leave some be that way.

But actually you need some of savings too in case something bad happen to bitcoin. You need some fiat too for emergencies




What is that price? $5000 in the next 5 years? Although the price is higher for now doesnt mean that it will be going untill $5000 for each bitcoin. That wont make any sense

I was going to suggest the classic line of don't invest what you can't afford to lose - and I'm sure it has already been suggested - but it's true. Personally I wouldn't put all your savings in bitcoin but invest an amount you are comfortable with. I think in the long run bitcoin will be a good investment with great returns but remember nothing is guranteed.

Nothing is guaranteed but this is a good move to invest your savings into bitcoins and If you have a patience to hold it for next 5 years without using it then I believe you can expect great return on investment in the future and there are also many other advantages of holding bitcoins.

A great many famous people have said this like...umm...hmm...

well, I'm sure a few people that spent their lives working hard only to retire with a minimal retirement said that and lived a half way normal boring life

you only get one life...throw some risk in there

"Live Life The Fullest..There is No Tommorrow"

I Agree with you that we have only one life to live and we need to make the best use of it. And taking risks sometimes is also a fun I guess. It is better to take a risk rather then not taking a risk and regret in the future and I believe investing in bitcoin would be the best option available at present.

if you had $100,000 to invest, I would not say put it all in BTC...but
since its only $1200, I say go for it.

I would trade it buy low sell high  ;D

Like others are saying, don't invest all your saving in bitcoins. Since you can afford to lose some money you should try your luck at investing on bitcoins. There is no guarantee that you will make profit or loss.

So keep some money as "saving/stocks" if you are gaining some stable profits and for emergency use. Invest rest on bitcoins.

There is no need to "sell" them in 5 years.
If you can't spend them by then, everything will be worthless.

Bitcoin is not about making "money".
Bitcoin *is* money.

Once your fiat is converted there is no need to convert it back, except if you are a trader.

WOW the confidence in Bitcoin on here is overwhelming....not.

Of course he should put that money into Bitcoin. What better place is there for the next few years?


Of course I would also advise on buying Gemz cause its going to blow up pretty soon. 

http://getgems.org/

Absolutely not,

If you play to speculation,you will lose money 99% sure
And bitcoin is not a place to play money, because it can go up or down really quickly

949.4 Dollar left. my fingers are aching to press that BUY

What? The fact that bitcoin goes up and down is exactly why you can make money on it. Nothing is guranteed but that's the nature of speculation and investments, but I know people who make a nice little profit on trading bitcoins and alts.

You can buy Bitcoins. But the money that can not afford to lose. Nobody does not guarantee that the price will go up.
But I think that a number of Bitcoins to keep skipped.

Yes you can buy bitcoins at present looking at the downfall of the prices of bitcoins and can hold it for the future and no financial investment guarantees us the profit it is adoption and luck factor that will decide the future but investing in bitcoin is a good idea at a moment.

you should never invest your "savings" that's how a lot of people lost their money in 08.

This is true only in theory...
it is true if it is just one bank but if happens for many banks?
Let's see what happens in Greece and we'll see whether this is true or not.

Check out www.lawnmower.io - a free iOS and Android app that helps you convert your spare change into bitcoin.

Super easy way to passively acquire bitcoin over time by connecting your spending habits with your "saving" habits - in bitcoin :)

if the value of your stocks have been falling, id say just convert them into bitcoin, the value of btc has been rising steadily for the last week or so, maybe the trend will ocntinue; better than stocks that keep deprecating.

OP shouldn't take a decision just based on last week's trend.
He should truly believe in Bitcoin before making the move.

It's educated guess first of all, so it's plausable at the least, and i would really like to know what do u suggest instead, that is certain to make you profit ?
imho, bitcoin is the best way to do fast trades, and the long term deals, still didn't find anything like it worthy of giving a shot.

Also i would just love to see your explanation of comparing your two statements (the one above and the one below), where one hour you are saying it's 99% sure loss, and next hour you claim to have all of your investments in bitcoin. Split personality disorder or what ? ::)


cheers

If you ever use Amazon, converting to Bitcoin can give you an immediate 20+% profit on what you would have spent with fiat.

What are you trying to show with the circles? Some of them are when BTC is oversold and some of them are when BTC is still overbought but after a decline. I don't understand your point. Thanks.

buy and hold OP.
Buy and hold's the strategy that's made people like Warren Buffett among the richest in the world.

sounds like this is somewhat 'play money' for you, so i dont think putting it all in bitcoin would be such a bad idea.

i would rather gamble with emerging "2.0" techs like NXT. much larger upside imo. i don't see BTC hitting ATH again. just not enough utility compared to newer cryptos with superior specs

I would. I see it being safer than a lot of other ways to invest, through stocks, for example. Bitcoin, gold, or some type of precious metals are all "safer" investments in my opinion. Since the price is arguably low, you should be able to get a decent return on investment if you hold out long enough.

Savings? Probably not. I see BTC investments as a nice hobby and I invest from my disposable income. I used to invest into cloud mining and alt trading but now I invest only in PoS coins, DMD Diamond s my favorite.
Not many assets can give you 50% annual interest rate.

If you only have 1200$ I think you should not risk crypto with them. If you add one more zero to it it might be worthwhile to invest like 20-30% in crypto and then increase to 50% in the long run if you feel brave. Otherwise it's like gambling...

Hyperstake gives more of your "annual interest rate" ;) But the thing is that the percentage of PoS coin inflation does not translate into 50% roi by far.
Btw what other coins would you suggest to stake?

And OP, don't put your "savings" in alts, this would be insanely risky.. Only disposable income like good sir above me advised ;)

don't do it you must not use all of your money to buy bitcoin , better you buy 1/3 from your money If price down you can buy again :)
and if price up you can sell it ( like a faster trader)

POS mining requires coins to be in your wallet and it has to be online all day. Main problem of this is that major early adopters or exchanges will have an advantages. They are also more susceptible to 51% attacks as it is much less costly than POW attacks which requires tons of hardwares. But, if you insist, you have to invest tons of coins to earn a significant profit without factoring in the volatility.

you should learn more about BTC and make your own decision.

if i have 1200 dollars maybe i just invest 2 BTC for 10 years and 1 BTC for 5 years and the last i would invest in gold maybe or real estate,if i could :D

@OP i am interested to know what you decided to do after all

investing 2BTC + 1BTC leaves you with ~$450 and you want to invest in gold and real estate with $450 ! that would be too low.

well i have tried that and i earn more money than putting it on stock market or in a savings bank

due to the volatility i would only do like 10% or so. with a much more stable price maybe 25% but that's it. 25% at most is more than enough for each kind of investment. rest stays on savings account.

But that volatility is where you can make big profit. The price of bitcoin went up to $1000+ dollars ion late 2013 and there's no reason why it couldn't go there or possibly even higher again. I'd put more than 10% of my savings into it but that's just me.

I hate to say this, but the peak price of $1,200 per coin reached in 2013 December was purely due to price manipulation by the Mt Gox guys. That's why the Mt Gox - Btc-e price spread reached as much as $150 during that time. So unfortunately, we can't say that BTC will reach $1,200 again, by quoting the December 2013 prices.

the price of bitcoin is currently fluctuating at different levels .
people who have good knowledge on trading and analysis of indicators and predictions can have an effective income through short term bitcoin investment.

There are a lot of people that have a good knowledge and analyze on bitcoin price movement. And you can learn it too trough online, there are so much guide out there than can help you on bitcoin and in this forum you also can absorb good information too. You just need to search then you will get all the answers

Put them all in.

With 1200 Dollars will not do any harm if you move that savings to Bitcoin. Instead you will multiple it's value while you start doing transactions. Bitcoin has a real future, it is called digital gold, if you compare the fiat currency, which lacks insecurity but with digital currency you will have security and it's value will get multiple if you move it in right directions.

due to the low price i have moved 20% of my savings to bitcoin just in case something great happens.

well 1200 is not bad, if you think about it it would and if history repeats it self 1200 now is about 4.8 btc so if bitcoin get back to 1,000 thats a nice return if you choose to sell at that point.

I think if you hold them long enough you'll see a very good return. I can't see no reason why we cant go back to the days of one coin being worth 1k. Just give it time.

what do you think the usd will do ?? if u think it will crash within five years then you might get out of stocks.

It's a great idea, but OP is going to feel depressed a year later after selling. Once we get really close to the ATH again, then the consolidation is 100% confirmed and everything can happen after that. Sure, you can try to play the market, sell at 1,000 and expect for a psychological correction, then buy back, but you never know.

That is a good question, I would like to think that the only way is up and that Bitcoin will be over the 1k mark in two years :)

Never know!
However, put all your savings in this. BTC is one of those life opportunities

Most people here believe in Bitcoin which will pay off big time eventually. Bitcoin currently is a great long-term investment

If you want to invest in bitcoin, buy some and secure it in cold storage instead of hot wallets and stay calm and simply do not sell it below your purchase price.

if you are going to do this just do so carefully

its a no brainer , with 1200 and not needing the bread, u all in that shit. if it was 12k  no way all in.  worst case senerio  ur out 1200 boners. best case senerio  , hookers and blow all week.

If I were you, I will invest part of it into Bitcoin. May I will buy one or two Bitcoin. If Bitcoin crashed (which wont be happening soon), I only lost 300-600 USD. If Bitcoin go back o it peak or higher.. I might be able to earn ~700 USD from this investment.

aside from telling you that you should buy now bitcoin(maybe start with 10% only of your saving and increase it every month, just to be sure that we are in the uptrend and not any dead cat bounce or something)), because the price is tempting

i can't suggest you much else, snce my whole btc balance was acquired without using a single penny, but from altcoin and mining activity(low scale), principally

you have to stay on the market and keep an eye out for worst case scenarios . it is not like you should bury your coins in your backyard and leave them there for 100 years.
if you be careful and sell if things go south, you can minimize your losses

well as i always ayd, dont put ll eggs in the same basket... but from my point of view, BTC is now nothing compare on what it will be in the next 5-10 years, so i would say yes, move that money and  buy BTC :)

The best question you should ask yourself is whether if you end up losing all the money, would that cause a major setback that will greatly impact your life and the way on how you do things? If the answer is yes, then you shouldn't go ahead to take the risk. If answer is no, then by all means you should start to develop your investment plan.

well... I would like to make a short term invest with bitcoin...!!!

No, you should not move your savings into bitcoin. That is very risky.
Instead start budgeting differently and take the money you save every month and put that into bitcoin. Still continue to put the normal amount you would into your regular savings account. Your bitcoin savings should be completely separate.

i totally disagree with you and i don't think it can be risky to move savings into bticoin and holds for long term like the sayings he can hold up to 5 years, if you take a deeply look over recent development and changes into bitcoin growth than you can know  how much bigger adoption has gotten and now much big investors are in into that great revolutionary most advanced crypto currency. 

I can't agree on you. Actually put some saving into bitcoin is not bad at all. Around 10-20% of your saving is not a bad idea too since bitcoin price is on up trending, it is worth to stock from now. Compare to your fiat I guess the value growing in bitcoin is better than fiat thats why people are doing in this investment rather than keep your fiat to some bank with low interest in it

Just go for it! I think that potential increase in value is much higher than in your stocks. On the other hand the risk you will lose everything is higher as well, but you did say that you don't care if you lose this money so in that case, you can only win. I hope I did make some sense.. :)

Bought another one today :) also managed to trade myself 0.2 with the single BTC i bought. things are looking bright :)
Thanks for all comments :) its very interesting to see all your opinions ! i'm still thinking of using the rest !

No dont invest your savings in a thing where you can lose money.

Go for example to a signature campaign, or look what you can do to earn some bitcoins.
But what happen when you need your savings quickly? Than you sell your bitcoins and when the price go to 200 Dollar in the next month, than you lost money.

Only invest so much that i you can lose without problem.

You say you will hold it for at least 5 years, but when you invest all your invests you will look everyday at the price, and when it go down you will sell your bitcoins, because you will fear to lose money.

you can't loose "something" on the Bitcoin Network.

price fluctuate ... but when the halving append, well ...  ;D People see what it's happend in a planned mathematic heaven.

2017.

Not a big deal when you have stack money on bank account ... people don't understand what is bitcoins compared to tresor bunds or forex system.

People loose real money on bunds and forex orders ...
They loose nothing with gold, diamants or ... bitcoins.

i have 15% from my money in bitcoin, surelly i will not put 100% here.

90% in Bitcoin (Life economies)
5% in Cash (safety, accident)
5% at the Bank (automated invoice like internet, phone, insurance ... no CHOICE !)

When a system is good, build by people with no money ... and with a long time to test and use ... things don't happend per hazard, sometime.

Only weak hands sell at the first sign of a price drop.  I started buying at $500 and I haven't sold anything yet.

Yes mate. put it all into bitcoin. bitcoin is the future of the world and maybe even other worlds.
get some before they are 900 euros again.

Wow, looks like we have some risk takers in the crowd. It all comes down to personal opinion in the end. To me, moving ones savings into bitcoin assuming bitcoin will be a future success is irresponsible money management. Perhaps I'm less wealthy than you guys, but I can not afford to lose my savings account. One could counter and say leaving your money in a fiat centrally owned bank is risky and irresponsible, so again in the end comes down to personal opinion. Currently my opinion is my savings is safer in a centrally owned fiat bank... wow I think I just lost a part of my soul typing that last line  :D

Bottom line is in 10-20 years do you want to be one of those guys saying "ya I knew of bitcoin back then but I was to scared to buy a significant amount."

A public forum is a horrible place to get information when you are trying to determine where to put your money.
With that being said I think that bitcoin will succeed over the long term and that the price will increase over the long term.

educate yourself, decide by yourself and bear own responsibility. asking for financial advices of internet is not super cool idea at all:)

anyway you are on bitcointalk forum, so YES, save some portion to bitcoin and HODL until you can..

Everything in this life need some risk to get so it is possible that only risk some few of your fiat wont make you going crazy. This is not about wealthy or not, this is only getting a good investment, I didnt say that to put all of your saving into bitcoin but some around 10-15% only. I guess this is not much as long as you get a good job out there. This investment is a good to make, why I say so because there is still chance that bitcoin price will rise again as $1200 like in 2010. With risk a little of your fiat you will have a chance to get more than you invest so why are you scare to try it?

I think bitcoin is safest investment as i am also holding some of my coins as a future investment, i believe in that the price will go high again in near future 5 years is so long period and much hard to predict the exact price of bitcoin but in next year the price can be more than double as the current.

No, btc is in a stage right now, where it can not be proven to be a reliable investment for us to invest in. You can move some, but I don't recommend you to move all of it. Who knows? No one can predict the absolute future of btc, all speculations. Good luck on what you do though.

like i say don't put all money to  place to invest,
1/3 buy Gold
1/3 buy bitcoin
1/3 forex stock

that good than put all of 1200$ at bitcoin

yea it is risky but at the same time it can give you some huge profit remember the time when bitcoin hit 1000$ ? , so its upto you have much you can afforde to loss (incase)

i don't know about the safest investment! but it surely pays off good if it goes up.
i am also holding bitcoin for the price to go up but you have to consider the risks too.

right now is the time to invest. If it goes lower than 200 then it is doomed. The reason being that up to a year ago BTC was hailed as the gold standard of virtual currencies.

LTC was the silver standard. I think there needs to be major adoption of another virtual currency like LTC was, for BTC to safely go up. Anyways the BTC bubble seems to have bursted, and it safely stabilised at the 250$ level.

It does need to have another wave of highs though to become totally mainstream. This bubble reminds me exactly of the .com boom, bust between 96-2001 and then how many people started adopting and creating domains after that the internet took over the world.

well , we can't say that bitcoin is the safest investment since the price fluctuates daily at different levels but yeah we can earn through it. we should have a good knowledge about predictions inorder to earn a good profit over the investment.

bitcoin is far from being the safest investment. there are so many other thing to invest in that are far safer than bitcoin.
by safest investment i think you mean it has the highest profit or at least it has the potential to give you a nice big profit.

maybe not the safest, but surely among those, so choosing it or choosing another non 100% safe investment(which there isn't as we know) should be the same, it is only a matter of preference at this point, risk is equally distributed


but their return is not great, one should assess the investment, not only with the risk, but also with the return that they will provide, so bitcoin although it is more risky, it offer greater potentially than many other asset

Greece started falling apart, if you haven't moved your savings until now, you should immediately!

if you have bought BTC on the day that you wrote this...It would be already 'gain
certainly more than a bank deposit that give to you 1% for year   ;D ;D ;D

Bought another one (yesterday) :)

As with other investments, it depends on how much your put in. I suggest you invest a small amount now, but nothing you can't afford to loose.

I don't think Greece problem will affect all of FIAT. Maybe only euro will be affected. Just try 2/3 Bitcoin and 1/3 Gold. Maybe it's the best way until today ;D. Just invest what you can afford to lose.

i agree, but there are other investments that can give you nice profits too with lower risks.
for example stock market is always an option, although it has high risks too but there are good opportunities that one can use for a nice profit.
or in my country you absolutely will never lose if you invest in real estate and in many cases you can gain twice your investment in short term.

If Greece leaves Euro zone it will be affected for sure. It may not be a big country and it doesn't have a significant GDP but other poor EU countries are watching its progress. If Greece doesn't pay its debts others may not feel obliged to do it and we'll have the start of a domino effect.

Yes stock market is good but you need a lot of capital to get a good profit, without good capital you wont get much although the price is rising like crazy. I assume that your country is a developing country, thats why you saying that invest in real estate is great. I guess for now compare to other investment bitcoin is good enough except for gold because of its stable price

No, I don't recommend you doing that. Bitcoin right now is very unpredictable. You can move a couple of hundred if you want to invest. But bitcoin might not even stay till that long. Stocks is pretty hot right now, I'd take stocks over bitcoin. There are so many altcoins out there right now, that are rising faster than btc and potentially can surpass btc. So that's just my opinion.

well euro will be affected by Greece for sure but better they follow themselfes and readjust alone the things there....about mooving funds all in into bitcoins maybe a risky moove but ,i dont believe fiat will loose for a long time the worth,but bitcoin has potencial to grow ,the only thing that invested fiat havent  potencial,just has interest on it.

Wow what terrible advice.  You want him to invest his saving in pump n dump altcoins over bitcoin?

Never ask people about what to do with your savings. They will not be affected if you lose money neither they will refund you for your loss.

But moving your savings into Bitcoin is acceptable if you want to go into audacious mode. All the traditional investments won't give you a qualitative leap in your wealth, so if you want be rich, your only option is go all in in things that may give you high returns but might go nowhere but down. All the common paths will only lead to mediocricy, so if you want more you must follow the Danton's advice:

maybe you just need to buy them and then notice the changes of their value and see if it deserves you to keep for such a long time.

I did that. It is a moral and economic decision at the same time.

i don't know where you live, but if your country is poor, or has a bad economy, maybe would be a good idea to move something into bitcoin even 50% is not that risky
 
and don't base your decision on one bad event (the 1200 ath), beause i'm sure that if that stupid manipulation never happend, you won't have asked such question

I can't see why not.

well its at your hands think on pros and beneficts ,bitcoin has more potencial but a high risk inside it.

I think most of the bitcoin enthusiast or fans may have a little over 1,200 usd on btc, if you're saving to retire is completely different then saving in an investment, the way i see it savings into bitcoin could be profitable has more people are turning into bitcoin has form of payment.

Personally, I will never do such thing.
Yes, Bitcoin is great, new project and have very good potential but it's still new and unstable right now.
Big ''merchants'' still didn't accept BTC as payment options, and people are still buying bitcoin as investment, with hope that its value will raise once in the future.
But, there is no promises for it.
Who can predict future?
BTC can become world standard like paypal now or can collapse, still everything is possible so if you have funds to invest right now, invest amount you can afford to loose (not money you need for living).
This is golden rule in any investment.

Abolutely not - bitcoin is a very speculative investment. A balanced investment portfolio, large or small, involves a range of risks.

well he can invest 50% on those savings and the others into bitcoin,i doubt bitcoin will get over or loose several interest and some whales left it ,it wont happen big support and too many money inside to die .... small altcoins keeps moving some money and they stand with bitcoin there is around 15 crypto coins wich you can invest currently that sounds wont go anywhere and will stay for a long time

One sentence says: "Invest as much as you can afford it if you lose"

or,
do not put all your eggs in one basket.....  ;D
I recommend never invest all your savings in the same thing

Due to the amount yes i would take a punt and put it all in bitcoin/litecoin.  You can earn this amount back quickly.  I only think its worth worrying about divesifying at certain levels of wealth.

i guess he can keep those savings and now invest a bit into bitcoins ,or just able to spend those 1200 dollars at the moment

Every month I buy Bitcoin from %50 of my wage. I think it's the best saving method for long term. I don't do trade much, it's too risky for me.

I don't know if you bought already or not but I suggest you to buy in different times. For example buy 100$ worth Bitcoin every week and complete it in 12 weeks (3 months). That way you can minimize your risk of volatility.
If you don't trade ever you should save those Bitcoins in a safe place. Preferably generate an address in offline computer and save wallet.dat in a flash disk in a safe.

Nope, trading is not risky as gambling or may be mining altcoin. I think trading is much fun to play it, because it has a lower risk than others and you can

get good  profit too from that so start on taking this as one of your income besides signature campaign or even faucet

Are you serious? How come trading is not risky? I think you never trade with 10+ BTC. Even 5$ ups or downs make huge differences on your balance. Volatility is so high and you can't predict the future.

Nope, lowering possible gains and loses in trading? I dont think that is a really good idea because there is no way that you will lose in bitcoin trading, it is fast or slow that you will get your profit so the risk will be minimalize from doing trading. Besides gambling is far to fast to drop your bitcoin, and I guess with today win you really need luck and do you think tomorrow you will have this kind of luck? In the end people will lose it in gambling because we never win the house, except you stop and wwithdraw it when you are winning some

that's the point "if you are a bad trader" what if you're not? trading instead of gambling, require some skill in TA, if you are good in TA, you can somehow predict the next move of the market and come out victorious almost always on short term

predicting long term is more hard, and this is the reason why there are many shorters lately

i do a lot of trading, getting around 0.3-1 BTC each week now :)

Bitcoin it's a place to keep your assets and have confidence that they will be there when you need them.

In Bitcoin trading you think you aren't losing because the price is so volatile that it's almost guaranteed to go up or down after a small rise and a small dip, but that only works so far. Sooner or later you will fuck it up and lose a lot of money by not being in in a big rise or by being in during a big crash.

Of course that I aim for a high selling but care for big crash, thats why Im saying that bitcoin trading is much safer rather than anything out there because you can really control it no matter what. Lets say suddenly the price going up I will follow the trend and going to buy and before its is going to be dumped I take some precaution to change it back to my currency rather than losing it all so its safe

I reckon this is fine if you are young and have time to build back any loses.  What makes it even sweeter is the price is potentially low unless bitcoin is about to die.

Beside inherent risks involving in trading, having your coins inside an exchange for day trading isn't really what I would call safe. As a daytrader, you need your coins ready in a exchange 24/7, because you could miss big opportunities if you don't (it takes time for the coins to go from your local wallet the exchange) which means if the exchange screws up and we've seen this happening before, you would potentially lose your coins. I hope that exchange that I consider serious like Poloniex and Cryptsy don't end up pulling a MtGox/Mintpal.

well but to get such income you playing with more then 5 btc that is the 1200 dollars avaible to invest into bitcoin or not anyway ,you making those income and some others are loosing since exchanges works like that always a winner and a looser. soo risky but can get good returns as well

Agreed. Bitcoin is great and I truly believe it will succeed in the long term, but what if some other cryptocurrency comes out that overcomes bitcoin?

There are just so many variables that it is probably not the best idea to put absolutely everything in it. It definitely should be a part of a diverse portfolio, though.

well im sure you must put some part of it into the bitcoin world and do some trades into altcoins

Diversification seems like a viable option at this juncture.

Don't go "all in" Bitcoin until they figure out who is the developer and who can push out update alerts. This needs to be the same person(s), otherwise all you have is one big accident waiting to happen.

So you want one person making all the decisions for bitcoin and you want people diversifying and buying altcoins?  Might be the 2 worst ideas ever...

yes, up to now it is not clear figure bitcoin, but from existing bitcoin I think enough to verify the developer.

you should not ever compare trading with gambling. they are completely two different things!

in gambling you have no way of knowing the outcome, absolutely no way, no matter what kind of gambling you are doing. say you flip a coin, you can never predict the outcome so it is 100% based on chance.

but with trading it is possible to predict the market state and price "to some extent" so it is not based on chance. there are many factors that can be studied, and then you can make an informed decision. so the risk is much lower that gambling on a chance of winning.

Yes my coin is ready to buy anytime except my sleep time. I wont risk any cent when Im not online. So when Im going to offline I never hold my bitcoin anymore, this is prevent price suddenly drop significantly, although sometimes it will rise suddenly. Some people said that better not earn some rather than price drop and it will make worse.




Nope trading is different from gambling, the gap is to far between them. Trading you can minimalize your loss but gambling is really far worse when you are in lucky. I experienced both of them and feel like trading is much better although the price suddenly drop or anything. Its true that people can't predict the future thats why I never hold bitcoin when it comes to my offline time. Im not risking my bitcoin value by hoping the price going up, how about if I hold up and later the price suddenly drop when Im off? I guess that is much worse, I will lose some of my bitcoin value

just the update alert, which is different from having consensus on a specific upgrade about bitcoin, still i'm a partially against the idea of diversificate your money in mnany altcoin, at best i could diversificate in one altcoin only additionally to bitcoin, and that's monero probably

Personally I wouldn't bother with alts. None of them show the promise that bitcoin does. As for putting savings into bitcoin I'd put an amount you can afford or more importantly are comfortable with. I think bitcoin will be a good investment longterm but its certainly not guranteed.

There are some altcoin that have a real high volume of trading like ltc and dashcoin, may be that will be nice if you trade them because of the higher volume people will tend to trade there and you will get good profit too from them. But dont hope from new altcoin, most of them will just waste your time except you can pick a good one to mine

lol

LTC is always just going to be seen as a second best thing to bitcoin but it is worth very little without any merchants behind it or mainstream adoption.

Altcoins are from wild nature. You can't put your saving money to altcoins, it's too risky business. You don't want to waste your savings into some random cryptographic technology. They just copy each other, LTC is not unique.
I only trust Bitcoin in crypto-money world. So I would say yes. You should move your saving to Bitcoin.

if you want to get an advantage in trading, you must have the preparation, such as searching for information about the coin, including the number of suply coins, PoS, pow, ICO or not, so it does not predict the origin of the price, if you are trading like gambling that rely solely on luck then you wrong in this case

you are doing the best thing.
altcoin market is not for investment IMO, you just have to trade them and get out of any altcoin as soon as you can. only bitcoin is worth investing money in for long term. especially now that the price is low enough that it has nowhere to go but up. but there always will be risks involved with any investment which you have to consider them before doing anything.

maybe using the altcoin market to learn a bit of trading and experimenting based on small amounts is not a bad idea,
then again most altcoins are just ideas for people to see how they develop with in the bitcoin talk community.

If you not sure about that, don't do it. Do what you wanna do, do not hear other people say. But if you choose to follow other people say, then do it. Cuz, "do what you want" 8)

i agree. altcoin market is the best place for beginners to start to learn trading.
they can start with extremely small amounts like 0.0001 BTC which is really nothing (as big as a transaction fee) and trade with that. to learn.

I believe you know the risks in BTC. If you are a risk taker then you can invest all your money. But if you want to play a bit safe, you should invest only a percentage of it. And in my idea investing it in a bank isn't that good because of the inflation rate. Rather than investing it in bank, you can directly try to invest it in a strong company.

Yes but you still have two choices to make, trading bitcoin or litecoin or you can do both to earn more, it is all your choice to make although it is just a second it can still earn you a lot




Yes Im a cautious trader like you said and I pick this move because I have spare with fiat so I didnt scare about my fiat price will going up or down. And I never bother about my fiat that is not a problem I guess. The problem is I need to get back my fiat with trading bitcoin


I always keep my money in my exchanger so when I come back online I will start my method again. It is a good gain to use this method, rather than gambling too much on trading hoping the price will going to moon but the result is price down. You will lose your value here. Btw I have use this method quite some time and it earns me a good profit

If your money is already in stocks, then yes. I would go for it. Stocks and BTC are pretty much the same risk in my opinion. Also, BTC seems to have a very bright future ahead of it.

There is a bitcoin savings account now offered. Saw in another thread yesterday. It offer higher interest rates than most banks.
So saving of bitcoin is possible.
They claim to be the first of it's kind but Wagecan has been around for a while but at much lower interest rate  :-\

from the time OP created this thread, the price of bitcoin grew approximately 45 USD.
with $1200 initial investment he could have  gained $245 in profit :)

i've actually used up the 1200 Dollar for Bitcoins now :) made a few trades and earned another BTC.

i'm now considering throwing another 1200 dollar which i have in my old ''fund'' (not sure if it's the right word)

By looking at the time frame of this Op if he had moved hes savings or X amount into bitcoin he could have had some gains by this day, then again we all know the price is 100% stable but it has gone up a bit from the pass 3 months.

hmmm

BTC has a bright future for sure and thats what the users of bitcoins believes but it is only possible if there is mass adoption across the globe and once it is done then we dont have to worry about the future as it can proved to be the best investment.

Stupid Stupid Banks and Stocks! takes 1-2 Days to sell and get your money. and its now Friday! i'd be lucky to get my last 1500 Dollar (sold my last stocks) on Monday / Tuesday ! Arrrrgh!

i suggest you to divide it for 50% for Gold and other 50% still in Bitcoin form...this act is to prepare that if bitcoin fail in the next 5 years you still have a half of your money in gold...and if tbe price of bitcoin is grow up let's say USD 2500 for each 1 BTC you can make a many profit from your saving plus Gold

First, you must hold no more than can you afford to lose long term. Second, you must not need this money for any other reason.
Bitcoin savings are not a substitute for an emergency fund. Long term bitcoin holdings are long term speculative savings funds that may gain or lose value. The price of bitcoin historically has been volatile over the short term. The long term upside potential of holding bitcoin could be huge. The downside is only as negligible as the amount of money held as bitcoin.

Seeing as the situation in Greece is seemingly getting worse with the overall EU economy not looking great, I would move a majority of funds you have to Bitcoin. I'm starting to do so as I see the price increase. I predict it should keep going up as other countries follow Greece's path.