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

[BillyBobZorton]

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

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.

[BTCevo]

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

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

[WhatTheGox]

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 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.

[oblivi]

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

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

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.

[knowhow]

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

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

[lucaspm98]

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 think you're better off just moving a portion of your savings. 
Why? because if the next 5 years bitcoin prices further down you still have the rest of the savings.
But there is nothing wrong if you want to try to exchange all your savings into bitcoin. 

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.

[knowhow]

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

[MicroGuy]

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.

[Alley]

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...

[oxiyusuf]

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.

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

[pooya87]

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.

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.

[BTCevo]

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

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

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.

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, 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

[Amph]

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

[Silly Money]

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.

[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

[Sakarias-Corporation]

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[M83]

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.

[dukeneptun]

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.

[oxiyusuf]

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?
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 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.

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

[pooya87]

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.