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Author Topic: did you place all your funds into bitcoin?  (Read 122479 times)
pop323
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March 12, 2017, 05:41:16 PM
 #1

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
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March 12, 2017, 05:44:18 PM
 #2

Why would you do that? Then, there would be nothing to be spent by you.
Just invest those you think you can afford and have something left for yourself and for emergency purposes. That is not how investing should be. It is suicide. Actually this is a dumb question but I think you need some light.


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March 12, 2017, 05:45:19 PM
 #3

Why would you do that? Then, there would be nothing to be spent by you.
Just invest those you think you can afford and have something left for yourself and for emergency purposes. That is not how investing should be. It is suicide. Actually this is a dumb question but I think you need some light.
First I meant most ..
second.. it is profitable.. and I am just asking.. I thought that people grow their bitcoin real.. fast isn't they?
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March 12, 2017, 06:18:13 PM
 #4

Bitcoin is good investment but I wouldn't suggest to put all your money into it. I wouldn't suggest puting all your money into anything, not just Bitcoins. Every investment is a risk and there is always the danger of losing money so you have to invest with care and you always have to have some back up. Don't ever invest more then you can afford to lose.

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March 12, 2017, 06:34:17 PM
 #5

Bitcoin is a very good investment but it's also not inherently stable.  You never really know where it's going to go, or what opportunities are going to appear to you.  My advice to anyone is not to put all your eggs in one basket out of FOMO, because for all we know it goes wrong and you lose all your money, then you have nowhere to go.
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March 12, 2017, 06:39:09 PM
 #6

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
First I meant most ..
second.. it is profitable.. and I am just asking.. I thought that people grow their bitcoin real.. fast isn't they?

if you mean most (a large percentage) of all your money then it is not such a bad idea. although it is still risky and i think it is best if you start small and then grow your investment little by little. and also try to buy in the dips to make more profit although it is already too late for you since all the dips are done and over now!

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March 12, 2017, 06:41:08 PM
 #7

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
Back in 2010 year ... In 2010 you can put all your money in Bitcoin ... In 2017 - it's big foolishness

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March 12, 2017, 06:57:18 PM
 #8


Back in 2010 year ... In 2010 you can put all your money in Bitcoin ... In 2017 - it's big foolishness

You think you can say the same thing if we are in 2010? We already know what will happened from 2010-2017 that's why you make up a statement like that.

See. You already give an assuming statement even you don't know what will happen. It's not about the year but the foolishness here is to put most of your money in bitcoin. To OP, you can put most of your money in bitcoin but only if you also have a decent amount left in your pocket to be used to covered your usual spendings.

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March 12, 2017, 07:05:59 PM
 #9

Not a good idea since if price plummeted down, you would only have yourself to blame in the end. Also, putting all of your eggs in a single basket would probably be the most dangerous thing that you'll do to your money since if everything fails you will not have any backups at the least. Though it is true and evident that bitcoin is skyrocketing for the price right now, there are no assurances that this will be on for the next coming weeks or months. Diversifying your investments is still one of the best things that you can do as a smart investor.

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March 12, 2017, 07:47:40 PM
 #10

Well, such investituons surly will make the price to grow. But I think it's not the time for such risky steps yet. Bitcoin is not so known and used for today. I think it would be better to put some part of money in bitcoin, that part that you don't use and which is stays every month as free money. That method will protect you from possible risks and if the price for bitcoin will rise high you will not skip it.

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March 12, 2017, 08:35:36 PM
 #11

Never put all your eggs in one basket and same goes with investing money only in bitcoins too, if you put all your money in bitcoins and if price crashed tomorrow then you will be going through big loss so its better to invest only a part of your wealth in bitcoins and rest save it for the future for the uncertainties and if bitcoins goes well then it would be a win win situation for you.


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BTC786
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March 12, 2017, 08:46:23 PM
 #12

dont put all eggs in one basket. keep a back up

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March 12, 2017, 09:59:45 PM
 #13

It doesn't matter what investment option you're thinking to invest in, the number 1 rule remains that you should never go all in. Only rookies make these mistakes, and mostly it turns out to be a very expensive lesson for them. Another thing is that people being heavily over invested into something make awful emotional decisions. In terms of percentages I would never invest with more than 50% of my fiat holdings. It takes many many years to build up a certain amount of savings, but it just takes a very short time to burn through all your holdings. Don't gamble with your money!
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March 12, 2017, 11:39:30 PM
 #14

I think is very bad if you all mone can use online investment
and then only investment in one place only bitcoin, is good you can use offline and online investment, and not all money is use investment
maximum 30 - 50% from you money

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JeffBrad12
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March 13, 2017, 12:00:02 AM
 #15

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
And it's mean to put all of your money in bitcoin and you have agreed with all of the risks in bitcoin. If you don't know anything about bitcoin and don't play them without getting more information about bitcoin, You will lose your amount due to the volatility of bitcoin..

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ownageplocks
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March 13, 2017, 03:00:54 AM
 #16

Putting all your liquid funds into BTC is a surefire way to totally screw yourself over, and would put you in the bracket of "high risk" investors. I suggest you diversify instead of doing this...

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March 13, 2017, 05:39:32 AM
 #17

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

are you asking what i did or what is best for you to do. because i may do all kinds of crazy shit with my money (hypothetically) but you find them uncomfortable and too risky to do.

and you are not giving us any information here!
like how much is all your money? is it all you have in the whole world, or is it some extra money you have saved up?
how old are you? are you a 40 year or with a family or a student who lives with his parents?

and lots of other things. investing or not investing differs based on every person's economical situation.

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March 13, 2017, 06:44:45 AM
 #18

Putting all your liquid funds into BTC is a surefire way to totally screw yourself over, and would put you in the bracket of "high risk" investors. I suggest you diversify instead of doing this...
Even any bitcoin veteran also will never suggest to go with ALL into bitcoin investments. Not just with bitcoins, anywhere we must go for investing only with the amount that we are afford to lose.

People might be thinking differently here, they cannot afford anything to lose. Then how to invest ?

We need to divide our total saving into multiple parts and one part must be less than 25% of your total one time saving.
Now if you think you can afford to lose that 25% then you can go for nvesting with it into one investment type. (the catch here is all of your investment opportunities will not get you losses at the same time).


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March 13, 2017, 06:56:16 AM
 #19

I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

No, I didn't put all my money so far into bitcoin. I am just new here in your world. Maybe later, but in the meantime a few of bitcoin is I'm trying to save it in my bitcoin wallet address in exchange sites. In terms of saving bitcoin I don't see any risk on it, but to make it grow in the trading platform there is a risk involved in doing trade.

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March 13, 2017, 07:50:43 AM
 #20

is it a good way to grow my money? or it is risky or.. ?
Bitcoin must be the right way for your growing your money. But no one can be sure about the future so no one can give you guarantee about the returns and the rate of growth of your money. If you are ready to risk, you can invest up to 80% of your total investment money into bitcoins and keep the remaining 20% into other investment types.

Back in 2010 year ... In 2010 you can put all your money in Bitcoin ... In 2017 - it's big foolishness
You got any explanation why we can put all our money into bitcoin investment in the year 2010. At that time bitcoin was very new project definitely people would have been afraid to invest with all their money.

I believe you are talking about the percentage of return one investor might got from the year 2010. But I'm not seeing any difference in terms of risk between 2010 and 2017.

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