did you place all your funds into bitcoin?

[Text]

We still need fiat even bitcoin is already existing... there are uses of fiat that BTC can not so it is better to have both, one for online and the other is for offline. You can maximize your profit with bitcoins through investments like trading, gambling and so much more.

[Iranus]

I was concerned I would not put all my money in bitcoin. Yes we are profitable and we know that bitcoin is long. but we are still unsure if it is long term investment. Maybe we can do put some but not all of our money.

My opinion stays the same, no risk no gain, it still profitable, and yes it is risky.. Just like high yield programs

This absolutely doesn't justify putting all of your funds into Bitcoin.  People aren't scared of putting money into Bitcoin, but putting all of your funds into Bitcoin is, frankly, stupid.  Most merchants don't accept it so you wouldn't be able to spend any of your savings - you'd have to convert little bits into fiat all the time and face high conversion fees.  Plus, you'd live in the knowledge that if Bitcoin ever collapses (which it might, let's be honest), you've screwed up your entire life.

Risk is fine but there's a limit.

[gribble]

I think for now the price is high and its not a good idea to go invest your all money in the high price better to wait for few days or weeks if you seen the price is lower than $1200 below you can start buy and invest your money in bitcoin so that you can get more benefits if the price rise again back to the present price.. or more.

It is unpredictable the price can go higher in the next days or weeks..  We never know.

Yes you are right it is unpredictible but there are method for make prediction use analysis technical and fundamental,
it be used by all of traders when make prediction before trading in the markets
but if they are wrong analysis they will do stop lost although they must be losing money, it is part of risk trading
but they make analysis again until find good way to make prediction.

[audaciousbeing]

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 will suggest you take it slow but if you are a risk taker, go for it but just have it at the back of your mind that you might end up been bitten because no one knows what will happen the next minute which could end up in a loss for example in my country, while bitcoin price in increasing anyone who puts large amount of money like 4 weeks ago will lose simply because our local currency just started appreciating against the dollar.

[carriebee]

This is not right that you will put all your funds into bitcoin. When you decide to invest into bitcoin do not put all your funds it is tok risky. Just put bitcoin on what you can afford to lose. We have saying dont put all your eggs in one basket. Invest, earn and save your bitcoin for the future.

[darthmaul]

It is not good idea to invest all of your funds into bitcoin at once. Why would that benefit you? or why you might wanna do that? IF you want to save it as security then it is good idea but at the risk of loosing some of your money if someday bitcoin looses value in market. There is also transaction fees, more the expenditure more is your fee.

However if you want to "invest" and earn back some profit then you can try to invest step by step in bitcoins. Get your money in small chunks and invest when the price of bitcoin is less. (simple trading trick). Do this over and over again to create state of sink condition. This is the condition where you have more chance of gaining profit or at the max you will stay neutral with your investment. :-)

There is high possibility of bitcoin price pumping by 2017 ending but it is not really good idea to invest all of your funds at the same time. Try simple trade, grow it step by step. :-)

[anonbit992]

Doesn't make much sense to park all your funds into bitcoin when there are many opportunities available in Altcoins. I try to hold 20% of my crypto currency portfolio in bitcoin and the rest in various other Alt coins. It gives the best risk diversification and gains for me. You should try to do something like this rather than holding everything in bitcoin and missing out some of the best opportunities to make wealth.

[catfishftw]

Bitcoin is risky enough to put a small amount of money، so putting all in is such a huge risk, i would say that you need to try with 100$ It is the perfect amount to invest.

[Sled]

Bitcoin is risky enough to put a small amount of money، so putting all in is such a huge risk, i would say that you need to try with 100$ It is the perfect amount to invest.

In my opinion, there is no specific amount of money that is perfect to invest because it is always up to us on how we will grow our invested amount of money in bitcoin. Let say that you just invested $10 but you are a good trader and you manage your money very well and also the risk then after a few weeks up to a month you turn it into $150 and then you just do compounding until it reaches $1,500. In that scenario it shows that it is always up to the user's performance.

[Ferris419]

Doesn't make much sense to park all your funds into bitcoin when there are many opportunities available in Altcoins. I try to hold 20% of my crypto currency portfolio in bitcoin and the rest in various other Alt coins. It gives the best risk diversification and gains for me. You should try to do something like this rather than holding everything in bitcoin and missing out some of the best opportunities to make wealth.

Diversification of funds is much more important in order to reduce the risks in future and if we invest all the money at a single place and if that investment fails in future then there would be no other way to recover your losses so its always better to have some backup plan in case if our investment doesn't works and for the same reason people always chooses different places to invest their money so that they can make some profits at least from some places.

[meliodas]

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.

[ManOnTheMoon]

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.

Instead of putting all money in bitcoins and simply holding them to reach to higher level its always good to invest some of them in potential altcoins where you can make good profits at regular intervals and that will also help you in growing your coins but investing all money in bitcoin is surely a risk as you never know what will happen tomorrow and if it disappears then you will loose all your money in one shot.

[Qunenin]

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.. ?

Its a risky investment.Invest 50% of your money in bitcoin.Since bitcoin price is raising steadily,your investment would yield you good returns.Bitcoin is volatile.So dont ever try to invest all of your money in it.Always follow the golden rule,'DONT PUT ALL THE EGGS IN THE SAME BASKET'

Exactly. First rule of 'investing' is to never invest more than you can afford to lose followed by never to put all your eggs in one basket.

Pretty simple principle , but people keep ignoring it.
You know why? They are too greedy to stivk to the rules, always want more profit when actually it is enough.
Don't go crazy, investment should be done with cold head , bitcoin is a sure promising future investment but you must be ready for the worst scenario.

This is how people think when they got so excited to the price hike of bitcoin, they do not mind if the worst thing happen then regret comes next which we do not wish at all. Being greedy of having all coin is bad and lead people into more risky decisions. Need to think from the mind rather than just investing blindly.

[passwordnow]

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.

[creepyjas]

As others say, it is risky. I was planning to do something like this, since the buy/sell rate in our country are high recently. You could probably put 1/4 or 1/2 of your funds to bitcoin and see what happens.

[jamieb81]

As others say, it is risky. I was planning to do something like this, since the buy/sell rate in our country are high recently. You could probably put 1/4 or 1/2 of your funds to bitcoin and see what happens.

Yes everything which gives you profit will come with risk and we need to play smart especially when it comes to bitcoin as investing your entire funds in bitcoin will be very risky if you are not well aware of the market situation and one needs to have patience when it comes to price trend nbecause most of us end up selling bitcoin once there is a price drop. It will be smart to invest 1/4th of the fund as you have suggested.

[el kaka22]

everything which gives you profit will come with risk and we need to play smart especially when it comes to bitcoin as investing your entire funds in bitcoin will be very risky if you are not well aware of the market situation and one needs to have patience when it comes to price trend nbecause most of us end up selling bitcoin once there is a price drop.

But I do find bitcoin investments would be an exceptional due to its basic concepts of having huge prices in near future. I mean to say bitcoin might be having a rapid fluctuations time to time but at the end of the day definitely we will be having huge prices for bitcoins and hence investments into bitcoin will be always secured in my view.

It will be smart to invest 1/4th of the fund

Similarly I will prefer to go with 3/4 or even 3.8/4 into bitcoins because in present days I could not find any other better and safer opportunities than bitcoins. Gold may be another option but its returns are very less.

[qiwoman]

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.

[thefaucetrunner]

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.

People could afford to invest huge amount in bitcoins when price was $200 as with that price they can collect more coins but now with current price its not affordable to many people to invest huge amount in it as there will always be fear of price going down and even if price is higher or lower its never smart to put all your money at single place.

[aardvark15]

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.