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JeffBrad12
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March 18, 2017, 01:16:11 AM |
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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.. ?
Bitcoin is still a risky investment so only put into it what you can afford to lose. Also, it will most likely make gains, but it could be long term if you buy while the prices are this high. Yeah, i think everyone should look at the bitcoin market right now, the big dump and panic market. and it's everything to see the people selling everything for the bitcoin. It's not a good idea. |
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R00TC0IN
Newbie
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Activity: 56
Merit: 0
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March 18, 2017, 01:40:02 AM |
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For someone to say I think I am going to put all my money into bitcoin is almost like walking into a bookmakers for the first time lookng at the board of horses runing seeiing I'm a donkey running in the next race at 50/1 shot and chucking all your coin at it... if it pays off yay quids in.. if it stumbles and falls then what...
my advice.. yes buy bitcoin.. but don't go crazy. only invest what your happy to lose.
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Polar91
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March 18, 2017, 06:49:16 AM |
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For someone to say I think I am going to put all my money into bitcoin is almost like walking into a bookmakers for the first time lookng at the board of horses runing seeiing I'm a donkey running in the next race at 50/1 shot and chucking all your coin at it... if it pays off yay quids in.. if it stumbles and falls then what...
my advice.. yes buy bitcoin.. but don't go crazy. only invest what your happy to lose.
It's not worth it to invest you investment one at a time in one program or investment. It's better to put it in various investment so that if one's market goes down, you can be able to recover from that. |
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passwordnow
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March 18, 2017, 06:51:40 AM |
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Well it will be really risky to do that,
But I think it is a good way to invest just keep all of your bitcoin and wait for the price to pump up.
That's why I didn't place all of my funds here because I find it risky thing to do. And besides upon reading people's comment about investing with your full amount of savings is risky. But when someone did guide me to invest with bitcoin with all of my funds and give me some enlightenment when the price is still low, probably I will take the risk. See the best time to invest more of your funds into bitcoin is when the price is less this would be the perfect time but again it's up to you but even you have suggested the best way of increasing the profit just by saving bitcoin for long time as those who are saving bitcoin from the time it's value was $200 will be millionaires now if they would have invested enough that time. It is not going to happen on me anymore. I don't have any plans on putting and for covering up the possible profit by investing at lower price. I find the price to be high and there's no way that it can be lower again. Also another thing is that I want the way that bitcoin is pumping and won't drop it's price anymore as I've got some bitcoins already. |
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Potato Chips
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March 18, 2017, 09:09:54 AM |
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Well it will be really risky to do that,
But I think it is a good way to invest just keep all of your bitcoin and wait for the price to pump up.
That's why I didn't place all of my funds here because I find it risky thing to do. And besides upon reading people's comment about investing with your full amount of savings is risky. But when someone did guide me to invest with bitcoin with all of my funds and give me some enlightenment when the price is still low, probably I will take the risk. See the best time to invest more of your funds into bitcoin is when the price is less this would be the perfect time but again it's up to you but even you have suggested the best way of increasing the profit just by saving bitcoin for long time as those who are saving bitcoin from the time it's value was $200 will be millionaires now if they would have invested enough that time. It is not going to happen on me anymore. I don't have any plans on putting and for covering up the possible profit by investing at lower price. I find the price to be high and there's no way that it can be lower again. Also another thing is that I want the way that bitcoin is pumping and won't drop it's price anymore as I've got some bitcoins already. If you are afraid of its risks then just invest a portion of your money, Actually I'm also against at investing allof your funds on bitcoin as it is too risky but as of now I'm still willing to buy one bitcoin if I happen to have the money for it. I think you both have a different meaning of low in your post. From my understanding the other one means lower than the current price like when the price turns $1200 then suddenly it goes $900. It is acceptable as a LOW PRICE therefore it is a good time to buy. |
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zidanw
Sr. Member
Offline
Activity: 1162
Merit: 258
1xbit.com
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March 18, 2017, 10:13:37 AM |
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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.. ?
put all the funds into bitcoin was quite risky because bitcoin is not legal payments but to grow bitcoin is a currency that has a good future, according to many predictions. |
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hawkins
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March 18, 2017, 10:15:52 AM |
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for the moment no. I'm focusing on my garden that is being purchased. but after that, I probably would re-invest the money I have to bitcoin, but only partially. Well, for the moment bitcoin become my main income, so I have to continue to invest.
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DomainMagnate
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March 18, 2017, 10:16:24 AM |
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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.. ?
I always believe in diversified investment.Although this limits your profit also but it doesn't let you suffer if one of investment fail. Bitcoin is a good investment but I would not put all my eggs in one basket.I have invested in other Altcoins also. |
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Quartx
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March 18, 2017, 10:16:43 AM |
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Well I have only 20% of my investments in bitcoins, the rest go towards exchange traded funds in which many famous investors swear by if you are someone like me who is ok with letting others manage funds for you. Have not really been disappointed by etfs so far. Used to dabble in altcoins, stopped ever since dogecoin, was fun while it lasted though
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iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
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March 18, 2017, 10:52:17 AM |
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Well I have only 20% of my investments in bitcoins, the rest go towards exchange traded funds in which many famous investors swear by if you are someone like me who is ok with letting others manage funds for you. Have not really been disappointed by etfs so far. Used to dabble in altcoins, stopped ever since dogecoin, was fun while it lasted though
it is a pretty good idea. we split a few percent of the money we have to invest in bitcoin. because by sharing then we can get the security of the money we have. because sometimes an investment that can make us lose a lot of money |
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valta4065
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March 18, 2017, 10:59:27 AM |
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Not at all!
In fact I try to use btc like fiat, which means I converted around 1000$ in btc and I make it grow!
There is no reason to differenciate the use of btc from the one of fiat...
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(altair)
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March 18, 2017, 11:00:23 AM |
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I think it is kind a risky thing to do,
I mean we don't really know what would happen in the next few weeks you might gain some if the price pump up but what if the price go down?
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carlfebz2
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March 18, 2017, 11:20:09 AM |
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I think it is kind a risky thing to do,
I mean we don't really know what would happen in the next few weeks you might gain some if the price pump up but what if the price go down?
If the price goes down then you will suffer lose of money as simple as that and we should really be prepared on it because it really normal for that thing to happen because price of bitcoin does really move in both ways which means the risk of earning or losing is on there always. |
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marketone
Legendary
Offline
Activity: 1302
Merit: 1000
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March 18, 2017, 11:48:12 AM |
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for the moment no. I'm focusing on my garden that is being purchased. but after that, I probably would re-invest the money I have to bitcoin, but only partially. Well, for the moment bitcoin become my main income, so I have to continue to invest.
The idea is good, but investing in the only bitcoin is not a good idea because once the bitcoin prices decrease and you have to wait for the long haul may be a year. Better find another source of investment like altcoin, see Ethereum already the price of Ethereum is improved a lot. So better find which altcoin is best suited for investment. |
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Kevin77
Legendary
Offline
Activity: 1652
Merit: 1057
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March 18, 2017, 12:14:59 PM |
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for the moment no. I'm focusing on my garden that is being purchased. but after that, I probably would re-invest the money I have to bitcoin, but only partially. Well, for the moment bitcoin become my main income, so I have to continue to invest.
The idea is good, but investing in the only bitcoin is not a good idea because once the bitcoin prices decrease and you have to wait for the long haul may be a year. Better find another source of investment like altcoin, see Ethereum already the price of Ethereum is improved a lot. So better find which altcoin is best suited for investment. Alternatively we we are investing the money with are being found as surplus then we never need to worry about the fluctuations as we will not be depending on those investments for any emergency need too. Literally it will mean when we are having alternative income sources, we may go for bitcoin investments with all the money. Yet, I am not doing it as I am always do focus on real estate investments which are very much promising similar to bitcoin's appreciation rates. Invest anywhere but only with your non-committed resources else you be forced to premature then before you will be attaining your goals. Investing is important but giving it time timing to grow must be more important hence limiting investments amount based on risk levels will get us proper benefits. |
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FLoving
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March 18, 2017, 02:21:24 PM |
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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.. ?
Bitcoin is still a risky investment so only put into it what you can afford to lose. Also, it will most likely make gains, but it could be long term if you buy while the prices are this high. for a newbie who do not know about bitcoin it may be risky as they do not know the exact time that when to buy and how to manage in any situation while if someone get full knowledge about bitcoin then they do not have to worry about putting any of their money in bitcoin because they will be able to take some preventive steps in time when they feel any risk. By the way nowadays it is free of risk. |
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mattermaster
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March 18, 2017, 02:33:26 PM |
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Bad luck for me! I have over $600 in bitcoin but i see it degrading everyday. Can anyone tell what the value of bitcoin reaches in some days?
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kynaz
Sr. Member
Offline
Activity: 1078
Merit: 250
http://unidapp.app
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March 18, 2017, 03:06:21 PM |
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No, don't ever do that, they said " Don't Put All Your Eggs In One Basket" , You should do it too, you can invest on Eth or Dash, split your funds into 2 or 3 parts, then invest in many "baskets". That's how you claim succeed.
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ajeef
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March 18, 2017, 05:24:23 PM |
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No, don't ever do that, they said " Don't Put All Your Eggs In One Basket" , You should do it too, you can invest on Eth or Dash, split your funds into 2 or 3 parts, then invest in many "baskets". That's how you claim succeed.
Yes and its good to invest your money at multiple places to reduce the risks as putting money at a single place will involve huge risk and if that investment goes wrong then it can even make you bankrupt so do good research before investing. |
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r32godzilla
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March 18, 2017, 06:05:53 PM |
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No, don't ever do that, they said " Don't Put All Your Eggs In One Basket" , You should do it too, you can invest on Eth or Dash, split your funds into 2 or 3 parts, then invest in many "baskets". That's how you claim succeed.
Yes and its never wise to invest all your money in bitcoins as it can make you loose your money if the price of bitcoin crashes in future so one must make an smart investments by investing them in different areas to increase the level of profits. |
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