did you place all your funds into bitcoin?

[ImSuparmin]

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.. ?

Saving money in Bitcoin is very risky, we have to be strong mentally to be strong everything when there is a decrease in price in Bitcoin, but if the price of Bitcoin rise of course you will get a profit that is doubled ,, but it all back again up to you, ups and downs bitcoin hard for the guess.

[ImSuparmin]

No, because it is just very risky to so. Look at the price drop of bitcoin last week, it dropped from ~$20,000 to ~$15,000 in just 5 days, almost 30%! Therefore, instead of placing all my funds into bitcoin, I have chosen to diverse my risk and place part of my funds into some altcoins. Now, my investment portfolio is 40% bitcoin, 40% altcoins and 20% fiat. That 20% fiat is intended for buying bitcoin just in case its price drops to a really low level.

You are showing just one side of the picture as you are talking about just decrease. We all know that Bitcoin fluctuates the most and this is the reason why it is the best digital coin for trading. A trader will make the most profit when he buys an asset at a very low price and sells out at High price and only Bitcoin gives this opportunity to the investors.  To achieve this, you are supposed to make right decision at right time.

yes I agree with you, Bitcoin fluctuates at most and this is the reason why it is the best digital coin for trading, besides the Bitcoin price increase within a year in 2017 reaches 1200%, a very significant increase, reasonable in a matter of days Bitcoin down 15% to 30%, because the increase in natural years last year was very rapid.

[bitgoldpanther1978]

By putting our funds to all in bitcoin is good only if you are sure that bitcoin will become the world currency, but if not you're just throwing your money anyway which is turning into waste. If I were you only 25% of your fund must be put into bitcoin then observe what will happen as time goes by.

[Jombitt]

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.. ?

well its nice for an all in investment in bitcoin since it is the most consistent crypto coin in the market. All investment are risky, no risk no gain so go ahead! We all have different strategies depending on how long or short period of time we want to trade. Me, i'm holding btc and several altcoins as well.

[ImSuparmin]

yes I guess that's the best way to save my money for the future, because bitcoin has a very high money value year after year Bitcoin increase very rapidly, and Bitcoin is also a very profitable digital currency.

[globalcitizen]

I don't, I can't and will never try to do that. Although you may have a very good chance to profit high in the future but it is very risky to have all fund in Bitcoin alone. Always remember, don't put all your eggs in one basket no matter how big or secure the basket may seem to be. Spread your risks and opportunities.

[sfireman]

If you are a whale or shark, you definiately do it. But I'm just a small fish, I do not gamble my money. I will choose at least 3 coins to invest. My portfolio is Bitcoin, Bitclave and Playkey

[TERA2]

When I got into bitcoin, I put about 20% of my funds (At the time) into it. It then grew into about 99.5% of my funds. I reguraly do fiat withdrawals to try to get that number lower like 60% but it just keeps growing back above 90% with my trading.

[Malamok101]

half of my money is in this forum and at work I collect bitcoin and I buy it bitcoin because it's a great help even if you do not have to make sure to earn because it just uses bitcoin hold Your wallet rises the price so sometimes it's twice my money here, but now it's still too difficult because the bitcoin price is stable so I do not buy because many say the price of bitcoin is comming 2018.

[cepedacharles]

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.. ?

Make sure if you are afford to lose. This is not like bitcoin may go down. Trading strategy should be like that in order to manage your loses as well
You should never do that. If your funds are not depends on any personal expenses then you can invest. According to present market trend you can invest something minimal.

[shezu007]

No, I will never keep or invest my whole money in one place because its never good decision. No one know what is happening in coming minute . So if you can keep your whole money in one place and there is happen something wrong then you will be face huge loss and you will be hardly recover your all money. So its good to keep your money in some different places which is more secure then to keep on one place.

[CryptoScorpio]

You can but you cannot make some quick money if you do so. But you will be safe if you do this. BTC is an established coin and it will not go down soon. There are many backers for BTC.

[Shivasenap]

No I did not place all my funds in Bitcoin. It is because bitcoin will not give quick gains like altcoins and I have invested in few altcoins like ADA, ETN, WRC, XVG.

[Asmonist]

Not necessarily putting all your funds to it. Its always risky and you still have other expenses. Bitcoin is really giving higher returns. However, your personal funds should be separate from your investment fund. You can risk your investments but you cannot risk your daily needs or personal funds. Its not always a walk in the park. You will encounter losses and other possibilities. Its all up to you to decide. Will you want to risk it all and possibly lost it all? Or invest enough amount and gain or loss but not loosing it all.

[stadus]

You can but you cannot make some quick money if you do so. But you will be safe if you do this. BTC is an established coin and it will not go down soon. There are many backers for BTC.

You cannot benefit on the success of altcoins that might pump compared to bitcoin, there are new altcoins that is not touch
by the whales yet and it might pump to the moon once they see the development of such.
Research is really important, you can make more money if take advantage on the dump season of altcoins because definitely it will come back strong.

[acener]

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 believe the wisest thing to do would be leave some for yourself, the thing is we'll never know when will be the time that cash will be essential such as in emergencies or some situations where it is demanded. That's why I always leave some for me.

[rejin29x]

of course it's very risky. for professional traders, they always trade with some altcoins, because if you only use 1 bitcoin alone, then your coin development does not increase, because only expect 1 bitcoin alone. you should use altcoin and ico. but with a note you must be smart and experienced in trading

[kamote291993]

Not all, i can't take that really Big risk although if you're lucky it will really a big profit for you but if you loss it then you don't have anything either. It is much better to invest in bitcoin but not all of your money try to save some for some emergency and other stuff, but its still into you but it really is not a wise move to invest all of your money in bitcoin

[rejin29x]

Bitcoin looks good as an investment and even its future looks promising but it would be very foolish move to invest all money in it as the future of bitcoins is still unpredictable and anything can happen in future so its good to invest some part of your money in it and if it works then even a small investment can give you best profits in long term and you need to be very smart when it comes to investing your money.

[Chosenpai]

I don't think its a good idea to just focus in bitcoin. Although the price of bitcoin is very high in the market, its better to have options in investing your money.