AtlantaFive
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September 12, 2017, 08:22:01 AM |
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I did not put all my balance in bitcoin i'm just afraid that i will lose some portion of it. You know every investment is risky that's why i always spread all my funds in different coins not only in bitcoin but majority of my funds are in bitcoin. I just spread some of it to different investment that i think will increase the price in the future.
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palensya
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Activity: 87
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September 12, 2017, 08:30:40 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.. ?
You should not put all your funds in one basket think a lot of times before investing. Bitcoin is a good investment but what if it falls? It is hard to predict the stability of bitcoin. Its up to you if you will invest all your funds and be ready to take the risk.
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Misshi
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Activity: 247
Merit: 100
Decentralized Continuous Audit&Reporting Protocol
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September 12, 2017, 09:39:47 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.. ?
Don't put all your money in investment. You know it's too risky. All investment has its own risk. Invest only what you can afford to lose. Its ok to invest, but don't forget to set aside for emergency or for your needs. You know you can't just withdraw your investment anytime because its price is fluctuating.
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Bluestreet
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Activity: 988
Merit: 1000
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September 12, 2017, 09:47:17 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 it is too much risky to put all your eggs in one basket as in case of a downfall or maybe a ban on bitcoin then you will loose all your money invested in bitcoins and thus your savings of lifetime, you must diversify so as to take less risks.
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Show-off
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September 12, 2017, 12:14:38 PM |
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It is very promising to keep their money in bitcoin. But you need balls!
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Daifotis
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Activity: 49
Merit: 0
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September 12, 2017, 12:19:02 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.. ?
I think it is too much risky to put all your eggs in one basket as in case of a downfall or maybe a ban on bitcoin then you will loose all your money invested in bitcoins and thus your savings of lifetime, you must diversify so as to take less risks. Bitcoin has great future and we all know that. We also know that someday price of bitcoin will reached so high that we can't imagined. But even with that expectation, it's not good to me to put all my funds to bitcoin since we need time before we can make profit out of it. How will I support my daily lives if I have no funds left. I will choose to diversify my funds rather than giving it on a single bag.
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Specterminate
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September 12, 2017, 12:56:29 PM |
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No, I'm not insane yet. Putting everything in Bitcoin means you are not protected in case something happens to Bitcoin. Always diversify your portfolio
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Wingo
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September 12, 2017, 01:26:22 PM |
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Why? It is very risky to do so. Just allocate an amount for bitcoin and then invest it to make it grow. Do not give your full resources on bitcoin if you are not sure. It is still safer to put 10%-20% of your money on it.
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Aaroenz0r
Full Member
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Activity: 504
Merit: 100
Option Blitz
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September 12, 2017, 02:12:40 PM |
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no. put all money in just 1 thing is too risk.
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Soranith
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September 12, 2017, 03:53:01 PM |
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Why? It is very risky to do so. Just allocate an amount for bitcoin and then invest it to make it grow. Do not give your full resources on bitcoin if you are not sure. It is still safer to put 10%-20% of your money on it.
Agree 10 to 20% is safe investment and rest of your money should be save for other things because if you put everything in crypto then you will not be able to access it anytime. We can't use it right away since its not everyone uses bitcoin for transaction. Having fiat is also important as of today but maybe if the world will be soon cash less then bitcoin will be applied to everything and that would be the time to put all our money in crypto.
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conected
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September 12, 2017, 03:57:54 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.. ?
I think it is too much risky to put all your eggs in one basket as in case of a downfall or maybe a ban on bitcoin then you will loose all your money invested in bitcoins and thus your savings of lifetime, you must diversify so as to take less risks. Bitcoin has great future and we all know that. We also know that someday price of bitcoin will reached so high that we can't imagined. But even with that expectation, it's not good to me to put all my funds to bitcoin since we need time before we can make profit out of it. How will I support my daily lives if I have no funds left. I will choose to diversify my funds rather than giving it on a single bag. - The future is still something unpredictable, the future of bitcoin is predicted to be nice but all is predictable, we can not fully believe in bitcoin and put all money into bitcoin, risk can still occur. The rule when investing is never put all the money in one place because if we lose, we lose everything, we can not start again, so we always need a reserve amount to support us when we face the risk. We should diversify investment, do not focus on a potential place and forget about other earning opportunities
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rickadone
Legendary
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Activity: 1176
Merit: 1024
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September 13, 2017, 01:46:06 PM |
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No good idea to put all money in Bitcoin because invest in Bitcoin actually high risk investment and so high fluktuasion, we dont know what will happen with Bitcoin later. So in my portfolio i put 50% in Bitcoin 20% gold and other 30% fiat. I think we need to keep fiat because when the price of Bitcoin fall and we need money in urgent so we can withdraw it
Everyone has his own choice but I would suggest you not to put in your money into gold. Instead of investing your money in gold, go for the Bitcoin investment only and that will make you earn much more profit than holding of gold. As far as keeping paper money is concerned, you should have a part of your income in the form of paper money for meeting up your daily based needs.
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Taskford
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September 13, 2017, 01:57:29 PM |
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No good idea to put all money in Bitcoin because invest in Bitcoin actually high risk investment and so high fluktuasion, we dont know what will happen with Bitcoin later. So in my portfolio i put 50% in Bitcoin 20% gold and other 30% fiat. I think we need to keep fiat because when the price of Bitcoin fall and we need money in urgent so we can withdraw it
Everyone has his own choice but I would suggest you not to put in your money into gold. Instead of investing your money in gold, go for the Bitcoin investment only and that will make you earn much more profit than holding of gold. As far as keeping paper money is concerned, you should have a part of your income in the form of paper money for meeting up your daily based needs. Bitcoin will give you better returns than gold and even it is not at least a year then you can see good returns in bitcoin rather than from your investment in gold. So if you want to be wise and practical in choosing investment then just go for bitcoin and don't hesitate but remember to not put all your money in bitcoin because it is a risky move.
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GoodLuck2
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September 13, 2017, 03:07:49 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.. ?
You should not put all your funds in one basket think a lot of times before investing. Bitcoin is a good investment but what if it falls? It is hard to predict the stability of bitcoin. Its up to you if you will invest all your funds and be ready to take the risk. Definitely, I think you need to think wisely before making any such decision which is related to your money and investment. I think you should not put in all your funds into Bitcoin, but I will suggest you to put a major portion of your investments on Bitcoin. This will give much more profit than any other thing.
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OMGyasuo
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September 13, 2017, 04:38:37 PM |
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The number of btc that I own is probably not worth it so I left it that way. But if I have more than I will not just focus entirely on btc that I will switch to other altcoins or sell off to receive cash. Because such concentration increases the risk rate when btc fluctuates.
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nikisev
Full Member
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Activity: 266
Merit: 101
Im the very decease you pretend to be
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September 13, 2017, 04:43:21 PM |
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Split your money to 10 equal portions. Invest each into different currency. You can even keep some USD (USD lending on Bitfinex is cool) I would suggest to keep your money on different wallets and exchanges. That way you'll minimize risks and optimize you portfolio performance.
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Blitzboy
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September 13, 2017, 06:18:24 PM |
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You can say that. Most of my money is bitcoin and there is only a few fiat left so that I can buy some daily needs. Bitcoin is important to me and I can make money with it. Therefore, there is no point holding fiat right now. Bitcoin always increases and by holding bitcoin, we can earn a huge amount of money
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Juel rana
Newbie
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September 13, 2017, 08:32:00 PM |
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No, because you can not use bitcoin in most aspects of life.
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masterkiller
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September 14, 2017, 02:01:44 AM |
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No, I haven't put my all funds in bitcoin as it will be a huge risk to take as if bitcoin price crashes in future or bitcoin simply disappears then it can make me bankrupt with no money left in my hands so I have invested only a part of my wealth in bitcoins and rest in real world.
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fortress
Jr. Member
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Activity: 36
Merit: 10
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September 14, 2017, 02:08:07 AM |
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Putting all your money into a single investment is never wise. Even if it is a good investment, you increase your chances of acting emotionally in times of high volatility.
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