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

[Sakarias-Corporation]

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 ?

[achow101]

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.

[Sakarias-Corporation]

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

[hedgy73]

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 ?

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.

[Meuh6879]

should i just move those Money and buy BTC for them instead ?

Yes.

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

[Sakarias-Corporation]

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 ?

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.

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.

[itsAj]

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

[Sakarias-Corporation]

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.

[hedgy73]

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....

[hendra147]

should i just move those Money and buy BTC for them instead ?

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

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

[Argwai96]

should i just move those Money and buy BTC for them instead ?

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

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

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 .

[BitUsher]

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.

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.

[hendra147]

should i just move those Money and buy BTC for them instead ?

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

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

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 .

after POW END will be moon 

[Alley]

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. 

[cryptworld]

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

[ajareselde]

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.

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!

[harkonnen]

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 ?

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

[bigcrypto]

I think you should avoid that

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

[ajareselde]

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

[zmhtech]

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.