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Author Topic: should i move my ''saving'' to Bitcoin?  (Read 7357 times)
HCLivess
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July 01, 2015, 07:30:30 AM
 #141

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

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July 01, 2015, 07:47:53 AM
 #142

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
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July 01, 2015, 07:50:51 AM
 #143

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 can't see why not.

R


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July 01, 2015, 01:28:36 PM
 #144

well its at your hands think on pros and beneficts ,bitcoin has more potencial but a high risk inside it.
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July 01, 2015, 01:45:51 PM
 #145

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 can't see why not.

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.
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July 01, 2015, 02:00:40 PM
 #146

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.

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July 01, 2015, 06:48:27 PM
 #147

Abolutely not - bitcoin is a very speculative investment. A balanced investment portfolio, large or small, involves a range of risks.
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July 01, 2015, 10:06:21 PM
 #148

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
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July 01, 2015, 11:23:15 PM
 #149

One sentence says: "Invest as much as you can afford it if you lose"
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July 02, 2015, 07:49:46 AM
 #150

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

or,
do not put all your eggs in one basket.....  Grin
I recommend never invest all your savings in the same thing
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July 02, 2015, 10:07:25 AM
 #151

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 ?



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.
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July 02, 2015, 10:25:07 AM
 #152

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
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July 02, 2015, 10:29:07 AM
 #153

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.
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July 02, 2015, 11:09:13 AM
 #154

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 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.

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July 02, 2015, 12:42:15 PM
 #155

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.

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
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July 02, 2015, 12:55:23 PM
 #156

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.

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.
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July 02, 2015, 01:57:03 PM
 #157

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.

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

The risk isn't lower, you're just lowering the possible gains and loses.
Say you have $1000 and the same in Bitcoin and you gamble with one and trade with the other. Playing in a casino may get you broke in a couple minutes, but you can also double the money if you're lucky. If you're a bad trader you'll need days or even weeks to go broke, but it will also take days, weeks or even months to double the investment.

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
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July 02, 2015, 02:37:12 PM
Last edit: July 02, 2015, 04:47:57 PM by Amph
 #158

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.

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

The risk isn't lower, you're just lowering the possible gains and loses.
Say you have $1000 and the same in Bitcoin and you gamble with one and trade with the other. Playing in a casino may get you broke in a couple minutes, but you can also double the money if you're lucky. If you're a bad trader you'll need days or even weeks to go broke, but it will also take days, weeks or even months to double the investment.

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
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July 02, 2015, 02:38:01 PM
 #159

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

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July 02, 2015, 03:58:43 PM
 #160

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

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