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dearbesz1219
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March 25, 2017, 08:27:05 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.. ?
My advice to you is never put all your money into bitcoin now, because not all business sectors in the entire world are accepting bitcoin, most of the business nowadays are still now aware about in bitcoin. This is just a simple tips of advice so you won't regret in the end. but you can do trade in the exchange platform for you to have a chance to grow your investment. |
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bitbob82
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March 25, 2017, 08:34:05 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.. ?
Not really a good idea. Even though that bitcoin is very promising, it is not wise to put all your money on one basket. As on any investment, you never go all in on one investment alone. It is better to have a diverse portfolio. It is safer. yes i am also not in favour of putting all the eggs i one baskets. i think it is important to distribute your assets in different business as if one business is not giving your good profit then your other business will get good mony |
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shield132
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March 25, 2017, 08:49:11 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
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rainingbitcoins
Sr. Member
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Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
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March 25, 2017, 10:55:46 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.. ?
Not really a good idea. Even though that bitcoin is very promising, it is not wise to put all your money on one basket. As on any investment, you never go all in on one investment alone. It is better to have a diverse portfolio. It is safer. yes i am also not in favour of putting all the eggs i one baskets. i think it is important to distribute your assets in different business as if one business is not giving your good profit then your other business will get good mony That's right future is unpredictable and so the future of bitcoins as nothing can be guaranteed about the price of bitcoins as price can even go lower in future and we are witnessing the same at a moment so its always good to divide your investments at different places which will also divide your risks as if you put all your money in bitcoins and if price crashes in future then it will make you bankrupt and you will loose all your money at a single point. |
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batang_bitcoin
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March 25, 2017, 11:06:00 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
Though the price now is pumping and dumping ranging to $895-$959(as of now) still putting almost half of your funds to bitcoin will depend on the investor. If they really do have faith in bitcoin and believe that they will reap this investment in the future its up to them. And those people that can do that are the ones that are actually wealthy enough. |
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axorb
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March 25, 2017, 11:50:39 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
Though the price now is pumping and dumping ranging to $895-$959(as of now) still putting almost half of your funds to bitcoin will depend on the investor. If they really do have faith in bitcoin and believe that they will reap this investment in the future its up to them. And those people that can do that are the ones that are actually wealthy enough. Yeah people who have enough money can afford to invest huge sum in bitcoins and they are the people who can invest even if the price is higher but a person who wants to take calculative risk will never prefer to invest all his money in bitcoins as if things goes in opposite direction in future then it will be great loss for him which would be impossible to recover. |
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jeraldskie11
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March 26, 2017, 03:49:39 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.. ?
For me, its not risky to put all your money to bitcoin because its depend on your action that you made will the result, it will be good or bad. Example, if you put all your bitcoin in online wallets, your bitcoin is risky and if you put all your bitcoin in cold wallets or storage, your bitcoin will be safer and secured then you can wait until the price of bitcoin is increase so that you can sell it at high then you can earn some profit. |
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Sled
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March 26, 2017, 05:35:34 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.. ?
For me, its not risky to put all your money to bitcoin because its depend on your action that you made will the result, it will be good or bad. Example, if you put all your bitcoin in online wallets, your bitcoin is risky and if you put all your bitcoin in cold wallets or storage, your bitcoin will be safer and secured then you can wait until the price of bitcoin is increase so that you can sell it at high then you can earn some profit. Putting all your money in bitcoin is risky because of its price volatility and you can't be sure that you will not lose some money if you put all your money in bitcoin because like what is happening now the price is going down and if you are that kind of person that put all your money and bought bitcoins at the rate of $1200 then you probably lose a lot of your money. So it is very risky and it is not advisable to put "all" your money in bitcoin. |
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Vaskiy
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March 26, 2017, 06:47:24 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.. ?
For me, its not risky to put all your money to bitcoin because its depend on your action that you made will the result, it will be good or bad. Example, if you put all your bitcoin in online wallets, your bitcoin is risky and if you put all your bitcoin in cold wallets or storage, your bitcoin will be safer and secured then you can wait until the price of bitcoin is increase so that you can sell it at high then you can earn some profit. Well that's true. Placing all the funds into bitcoin is quite good, if he has a good backing in fiat to fulfill if things go worse. Waiting till price increase storing into cold storage is a good way to cash out and profit. But if good backing to fulfill daily needs is not there then surely on emergency users will suffer. So need to decide accordingly. |
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ArdiPrabowo
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March 26, 2017, 07:23:28 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 think is not good if all youre asset and money to invest in bitcoin is good youre is balance invesment , 50% to saving, 30% to offline investment or real business and 20% invest in bitcoin or online online investment or bitcoin investment high risk so is not good is all in youre money invest in bitcoin |
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klf
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Merit: 1000
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March 26, 2017, 08:50:22 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 think is not good if all youre asset and money to invest in bitcoin is good youre is balance invesment , 50% to saving, 30% to offline investment or real business and 20% invest in bitcoin or online online investment or bitcoin investment high risk so is not good is all in youre money invest in bitcoin Yes, keeping all funds in any one single product is always the very dangerous thing to do. Because no one will be knowing how the future of any product so it is always good to diversify your money and put in as many as products. The more you diversify then you profit making chances are good and you should invest only in good businesses. |
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White Christmas
Sr. Member
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★Bitvest.io★ Play Plinko or Invest!
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March 26, 2017, 10:59:35 AM |
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Certainly not. I put most of my money in bitcoin but not all of them since I still need fiat money to be spend. I also withdraw my funds in bitcoin once I have to buy something. Currently, converting bitcoin into fiat money vice versa is easier than before which is the reason why I'm sticking to the bitcoin currency.
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poetra2501
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March 26, 2017, 11:49:05 AM |
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Certainly not. I put most of my money in bitcoin but not all of them since I still need fiat money to be spend. I also withdraw my funds in bitcoin once I have to buy something. Currently, converting bitcoin into fiat money vice versa is easier than before which is the reason why I'm sticking to the bitcoin currency.
Well, what you are doing is correct. We also have heard the phrase "don't put your eggs in a basket" it mean don't put all of our funds into Bitcoin, etc . I have two ways to organizing my finances, 50% in Bitcoin and 50% in Gold. |
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sunsilk
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March 26, 2017, 01:12:14 PM |
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Nope, I haven't put all of my funds and I don't even intend to do so. I know that bitcoin is still a risky type of investment.
And that's why I didn't put all of my investments and I'm a bit too scary of what is happening of it's ups and down.
But that is only way back when I was still newbie.
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molsewid
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March 26, 2017, 01:46:54 PM |
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Nope , i always sold my coins once the price is at $1200 i don't want to lose atleast piece of my profit i value that always that risk that we face of using bitcoin there still random time bitcoin price always decrease. That's why i didn't store my money that long
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batang_bitcoin
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March 26, 2017, 02:29:44 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
Though the price now is pumping and dumping ranging to $895-$959(as of now) still putting almost half of your funds to bitcoin will depend on the investor. If they really do have faith in bitcoin and believe that they will reap this investment in the future its up to them. And those people that can do that are the ones that are actually wealthy enough. Yeah people who have enough money can afford to invest huge sum in bitcoins and they are the people who can invest even if the price is higher but a person who wants to take calculative risk will never prefer to invest all his money in bitcoins as if things goes in opposite direction in future then it will be great loss for him which would be impossible to recover. And if I got those enough money since the beginning I knew bitcoin I probably invested a lot of it already. But there are people who are keep on saying that this is one of the investments that you should be thinking of many times before trusting your funds on it. And I found out that those people that warned me are all wrong. |
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carlfebz2
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March 26, 2017, 02:38:27 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
Though the price now is pumping and dumping ranging to $895-$959(as of now) still putting almost half of your funds to bitcoin will depend on the investor. If they really do have faith in bitcoin and believe that they will reap this investment in the future its up to them. And those people that can do that are the ones that are actually wealthy enough. Yeah people who have enough money can afford to invest huge sum in bitcoins and they are the people who can invest even if the price is higher but a person who wants to take calculative risk will never prefer to invest all his money in bitcoins as if things goes in opposite direction in future then it will be great loss for him which would be impossible to recover. And if I got those enough money since the beginning I knew bitcoin I probably invested a lot of it already. But there are people who are keep on saying that this is one of the investments that you should be thinking of many times before trusting your funds on it. And I found out that those people that warned me are all wrong. You cant be still sure if they are wrong totally because the risk of crash is there anytime which means we can still loss money on putting up on bitcoin.In my case i just save bitcoin that i get from my jobs here online and on cryptoworld but i just on a small percentage because i cant dare to put all my money to bitcoin because of the risk involved. |
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dasana212
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March 26, 2017, 02:41:00 PM |
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Saya menempatkan uang saya pada bitcoin hanya 30% saja. hanya sebagai alat investasi saja, dan sisanya saya simpan sebagai tabungan dan untuk keperluan sehari hari.
Menyimpan seluruh uang dalam bentuk bitcoin sangat berresiko bagi saya karena harganya sangat fluktuatif.
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qwertycoins
Newbie
Offline
Activity: 39
Merit: 0
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March 26, 2017, 02:43:54 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.. ?
It is risky to put all your eggs in one basket. Why not consider investing into a few of the more stable altcoins as well ? This can reduce your risk exposure. |
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batang_bitcoin
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March 26, 2017, 03:11:17 PM |
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Some people were suggesting OP to put at least half money in bitcoin. So bitcoin's price fall from 1200-1300 to 935and today's low was 895. Well, if there is high need for money in some case, what do you suggest him? For example if today he needs bitcoins for very neccesery reason? He needs to convertmoney and if he bought bitcoin when it's price was 1200, his lose will be high and he won't profit but lose some money. We have to foresee such situation.
Though the price now is pumping and dumping ranging to $895-$959(as of now) still putting almost half of your funds to bitcoin will depend on the investor. If they really do have faith in bitcoin and believe that they will reap this investment in the future its up to them. And those people that can do that are the ones that are actually wealthy enough. Yeah people who have enough money can afford to invest huge sum in bitcoins and they are the people who can invest even if the price is higher but a person who wants to take calculative risk will never prefer to invest all his money in bitcoins as if things goes in opposite direction in future then it will be great loss for him which would be impossible to recover. And if I got those enough money since the beginning I knew bitcoin I probably invested a lot of it already. But there are people who are keep on saying that this is one of the investments that you should be thinking of many times before trusting your funds on it. And I found out that those people that warned me are all wrong. You cant be still sure if they are wrong totally because the risk of crash is there anytime which means we can still loss money on putting up on bitcoin.In my case i just save bitcoin that i get from my jobs here online and on cryptoworld but i just on a small percentage because i cant dare to put all my money to bitcoin because of the risk involved. What I meant is that they are talking about that the risk is not going to give me profit. Just think about it, when someone introduce me to bitcoin at $400 and now the price is $980+ and it went $1,300+ already. So if I did believe to them probably my money did doubled or even tripled but well if there's no risk, no gain. |
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