should i move my ''saving'' to Bitcoin?

[scarsbergholden]

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...

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.

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.

[Jeremycoin]

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"

[Herbert2020]

...
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.

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.

[thebenjamincode]

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.

[BTCevo]

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...

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

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.

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

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

It's not a good idea but that's how trading looks compared to gambling. Even though you're investing it all you can't lose it all, while putting on your money on a casino table at once can leave you penniless in an instant. Gambling is risky but so is trading, who knows maybe tomorrow we'll wake up to Bitcoin being worth $200 and then what? Do you think people who bought at $1000 knew that the next day they'll see $800 and so on?

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

So you're a cautious trader, some might even say a scared one if you liquidate every time you go offline. You're afraid of the BTC price going down but you're not afraid of the price of fiat doing the same?


I stopped trading because sudden movements were usually happening when I went to bed and I ended up losing sleep watching the charts. Since I was trading with just 2-3 BTC it wasn't worth it.

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

Do you also remove fiat from the exchange after selling your coins or keep it there? Sounds like a lot of hassle for a trader to get rid of everything simply because he won't be able to trade at a certain period.

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

[Triple]

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.

[Scamc0p]

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 

[Herbert2020]

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

[Sakarias-Corporation]

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)

[scarsbergholden]

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.

[Sakarias-Corporation]

hmmm

[zeraTunerse]

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.

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.

[Sakarias-Corporation]

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!

[b-trading]

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 ?

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

[Aggressor66]

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.

[Gyfts]

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.