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Author Topic: did you place all your funds into bitcoin?  (Read 123629 times)
raziplab92
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January 11, 2018, 02:18:30 PM
 #2241

That sounds not a good idea.Never put all eggs in one basket there is always a second side of each thing though bitcoin is benefiting lot of people what is the guarantee it would do the same in future.Might be there would be difficult time for bitcoin then you have to face much difficult time so you should have a backup no matter how much secure you are.Spent as much money as you can afford dnt be greedy save your side first then play the game and let the targets to be achieved slowly but securely.
Haladay
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January 11, 2018, 02:20:06 PM
 #2242

It is very risky to put all your money into bitcoin even if it has already started to grow up. In any investment there is a risk, so the funds must be placed in different cells.
I am trusting bitcoin very much but i dont place all of my funds or my money into bitcoin because i also know that there are still many altcoins that has a small amount but has also a bright future just like the litecoin and ethereum, i put some of my funds in ethereum because it has also a great future.

That's a smart move never depend only on single investment to make profits as you never know what will happen to your investment in future and when it comes to investing in cryptos its more risky then real life investments as the price of cryptos is too volatile and it can go in any direction in long run so the best thing would be to diversify your investments at different places in online as well as real life investments as if one fails then you still have an chance to recover your loss from the other and putting all money only in bitcoins is a huge risk as still there is a big question mark on the future of bitcoins.

Different ones are equal to different profits and different chances for success. Don't forget about this, with limited number of coins, you can't achieve huge aims. You just stay in where you're.
Blue Bell
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January 11, 2018, 07:56:18 PM
 #2243

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 do not have to put all your money into bitcoins. try partially investing, and start trading. By trading you can earn bigger profits than investing silently.
Very dangerous, if you put all your money into bitcoin. No one person knows the future of bitcoin, but everyone always hopes that bitcoin will always go up every day.

Can`t keep ppl out of loosing money.
If you strongly intend to spend some funds for btc (good choice as it is the most developed market so far), my advice would be to buy it by few transactions: buy each week for equal amount. That will allow to get an average price. So, if it goes down you`ll get lower average price, if go up you still get some profit.
I think it’s not a good idea to invest all you money here because bitcoin need only little amount to invest and it don’t make sense to spend all your funds here even rich and billionaires area also not going to do so as we know that bitcoin price is very high than any other currency so spend little amount of money and I’m sure it will make it double as I make double my money so bitcoin is one the great currency.
goyal.dkg
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January 11, 2018, 08:26:23 PM
 #2244

bitcoin is at very high price , and it can grow every quarter  2x to 3x from this stage , while other coins have high chance to grow more than btc .
so choice is yours .
Partizanai
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January 11, 2018, 08:41:49 PM
 #2245

Putting all your liquid funds into BTC is a surefire way to totally screw yourself over, and would put you in the bracket of "high risk" investors. I suggest you diversify instead of doing this...
totally agree with you there, risking with all your funds is not an option, and "big risk - big gains" should not apply here, dont treat market as a casino
buytheeffinD
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January 11, 2018, 09:31:42 PM
 #2246

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.. ?

Stupid, stupid, stupid. Great way to grow your money though. But it is stupid, stupid, stupid. Don't try be a hero invest some of it and what you can afford to lose and are okay with mentally and physically.

Baofeng
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January 11, 2018, 09:58:59 PM
 #2247

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.. ?

Stupid, stupid, stupid. Great way to grow your money though. But it is stupid, stupid, stupid. Don't try be a hero invest some of it and what you can afford to lose and are okay with mentally and physically.

I initially did at the beginning of my journey in trading or investing. But yeah its a stupid mistakes because if bitcoin goes down, you will suffer a lost. That's why I learn to diversity.

Now I have a good portfolio in altcoins, specially when altcoin surges in the last couple of months. Although I have bitcoins in my wallet, I will not touch it in the next 6 months. I will used the gains that I got from altcoin to re-invest and recycle all my capital.

 
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matico
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January 12, 2018, 03:57:59 AM
 #2248

I follow 80/20 rule in the reverse this time. 80% of my fund in bitcoin and 20% elsewhere! Bitcoin for me represent anything cryptocurrency and without bitcoin, there is no crypto! In future, I will increase more fund t bitcoin because I believe bitcoin is the future of money.

Yukyzu
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January 12, 2018, 05:40:04 AM
 #2249

yes it is very risky, if you are a beginner in trading you should set aside some of your money for other purposes. start from a small capital until you really understand your trading method to make a profit. if you are proficient you can invest all your money.

robertdhags
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January 12, 2018, 06:35:02 AM
 #2250

I think it's very risky. My suggestion is better you put a little capital first. Steeped bitcoin so that profit and we can return capital

That is correct  and a very safe way to trade.  Putting your money in a single destination is very risky. Try to put a little  amount first and when it started  to gain some profit you  can add some capital again.
this is where a lot of people may start to loose a lot cause they may just put their fund in just one so better to be more careful for what we are doing specially in trading this is more serious and we just need to take a lot of study before we may take this.
Distinctin
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January 12, 2018, 09:33:16 AM
 #2251

yes it is very risky, if you are a beginner in trading you should set aside some of your money for other purposes. start from a small capital until you really understand your trading method to make a profit. if you are proficient you can invest all your money.
Of course because trading is too risky and no assurance that you are going to be profitable.
We should not be too aggressive, start with a small amount of money and just slowly increase your exposure as you improve but always
remember the main rule which is to risk what you can afford to lose.
gudrun
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January 13, 2018, 01:07:31 AM
 #2252

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.. ?
Hello. Why would you do that?
I think you should invest in his ability. The risk is too high, you and your wife and your children may have to stand in the way. Marriage to fall apart. You think about the risks that Cry Cry
Lock00Live
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January 13, 2018, 01:46:15 AM
 #2253

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.. ?
Hello. Why would you do that?
I think you should invest in his ability. The risk is too high, you and your wife and your children may have to stand in the way. Marriage to fall apart. You think about the risks that Cry Cry
I spend 70% of the property that I have in Bitcoin. The rest I spend on ICO investment. I really believe in the future of bitcoin in the past few years, bitcoin can replace cash and traditional forms of payment is quite possible in the next few years, that time is the opportunity of those holding bitcoin today.

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January 13, 2018, 02:06:52 AM
 #2254

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 do not do this. I never did either. Well, the veterans here are saying that you should never put all the eggs in one basket. You know why? The risks are high. If the basket falls, all the eggs will be broken and wasted. Same here in crypto, do not put all your investment in one single coin. That is risky of course even if it is Bitcoin, the safest coin to invest of all time. Nothing negative about Bitcoin, but learn to just stand in the safest place.
livincoin
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January 13, 2018, 02:28:14 AM
 #2255

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.. ?
Hello. Why would you do that?
I think you should invest in his ability. The risk is too high, you and your wife and your children may have to stand in the way. Marriage to fall apart. You think about the risks that Cry Cry
I spend 70% of the property that I have in Bitcoin. The rest I spend on ICO investment. I really believe in the future of bitcoin in the past few years, bitcoin can replace cash and traditional forms of payment is quite possible in the next few years, that time is the opportunity of those holding bitcoin today.

wow, high five to you, it's risky, I would probably not do so.. but no doubt bitcoin will grow. But that must be a personal  decision, and definitely putting all into bitcoin makes the further activity a bit narrow.. only ICO or trading, no other kinds of business is available (not mentioning some troubles - still - with the law, depending on where the author of the topic lives)
GreatArkansas
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January 13, 2018, 03:05:11 AM
 #2256

For now, I don't have bitcoins. I transfer it all to other altcoins. I now trading short term and buying some promising altcoins and hold that for long term. I know that is very nice, because I believe in some altcoins that have potential to boom in the future. Just patience and trust.

MommyElsa
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January 13, 2018, 03:25:11 AM
 #2257

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.. ?

No,  I will not place all my money with bitcoin.  It is very risky.  I would rather invest it in other so that my investment are scattered and it much safer.

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rejin29x
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January 13, 2018, 03:32:58 AM
 #2258

Bad idea that places all your funds into bitcoin or in a single investment. It too unsafe things. For me the best things you can do is split your resources into bitcoin, Litecoin, Ethereum or others cryptocurrency.  So what matter will happen you have backups. This idea will defend you from possible risky and dangerous
Fazlurkhan.kz
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January 13, 2018, 03:47:49 AM
 #2259

I entered in trading around when it's price was somewhere between $1000 at that time i had all my funds placed and secured in bitcoin cause it was less risky that time and it's value too was not as vulnerable as it is now. But is we consider the idea of investing all you funds at this point of time, It's very risky. You should only do that if you want to have a really long term investment. If you are up for quick profits then investing completely in bitcoin should not be an option for you.
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January 13, 2018, 04:19:06 AM
 #2260

No and i will never do,i have a big faith in crypto and willing to invest my time effort and even money.but not all of it.i will be ready for my future we all know that theres no permanent here in crypto so we better do some precautionary measures or loss all of our funds to nothing at all

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