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

[Argwai96]

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!

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.

[PenguinFire]

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.

[iram66680]

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.

[brendanjhwu]

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.

[pooya87]

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 ?

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.

[bitnanigans]

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.

[afriezalie]

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.

[Elwar]

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.

[TibanneCat]

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.

[ebliever]

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....

[BigBoy89]

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 ?

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

[Hazir]

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.

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.

[Amph]

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

[ammy009]

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 ?

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

[Elwar]

If you do this, look into Cold Storage.

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

[acquafredda]

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 ?

why don't you do half gold half btc?
 

[Sakarias-Corporation]

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

[bronan]

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

[amiryaqot]

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

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.

[st4nl3y]

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 ?

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