did you place all your funds into bitcoin?

[logan16j]

First think of the pros and cons of investing all that you have got. Think of the money which you need to survive and won't be bothered if you loose the investment you had make

Yes, Bitcoins because now bitcoin became way of life, it's not just a source of getting returns.So conclusion is take your own risk before making any decision

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[rodelhomecillo]

Since the moment Bitcoin turns crypto market into a bloodbath i guess you shouldn't all in bitcoin anymore. Look dangerous and a deep black hole for those who are newcomers. Just find another way to earn your profits okay ?

[cluit]

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.. ?

Those who put all of their money into Bitcoin a few months ago now have become wealthy when the Bitcoin value has increased several times over the price a few months ago.

I think peoples who put all money in Bitcoin in 2013 were not so happy. This is a big risk. Always make diversification

I will neither put all my earnings into any of the crypto currency nor will I suggest such kind of thing to any of my friend. It is because of the fact it is a very huge risk to turn down all your paper money into crypto currency.

Anything can happen in the crypto world and there can be certain occasions when you can suffer some loss too. So. You have to make sensible decision and distribute the money in suitable way.

[davidroux]

the anwer is no, investing in some more other coins like ethereum, litecoin, ripple.. is a better choice, because we can restrict risk if we just place all funds into bitcoin

[vinz7229]

First think of the pros and cons of investing all that you have got. Think of the money which you need to survive and won't be bothered if you loose the investment you had make

Exactly, in other words it is not advisable to put all your funds in one place, I think it better if your going to invest it in different kinds of business, just trading you can put at least 40% of your funds, and then buy some land titles cause it will increase it's market value as year pass by, this kind of strategy could help you in case of emergency, cause you have a lot of resources without sacrificing everything of your investment.

[strongwarrior238]

Investing entire earning seems to be a risk factor in the past, but now things have changed a lot because of increased adoption and legalized usage. Just because of its decentralized backing people fear to hold entire wealth in the form of bitcoin. We should never place all our funds on a single investment because if the investment doesn't work out we will be in big trouble. Talking about cryptocurrency as a whole we should be diversifying onto various investment such as altcoins, or other real world investments such as property, business investment

[NutellaboY]

Nope, I'm using altcoins also. It's not wise enough to keep all your saves in one place, by putting them in different coins you protect yourself from looses.

[VampKing]

It's a human nature trying to grab the best opportunity.But that doesn't mean you blindly show overconfidence and loose every thing you have.

 Yes, Bitcoin is a awesome concept.

You can invest a portion of your money in it.

As you know that investment is always risky, you can use the concept of "Portfolio". That means investing in more than one concepts.You can be a good decision.

[Shishir99]

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.. ?

Yeah obviously it is risky.but if you play very carefully sometimes it becomes very profitable.In current market situation there are lots of market manipulation going around.So now everyone needs to be extra careful than before.

[shahinurit]

Bitcoin is good investment but I wouldn't suggest to put all your money into it With Bitcoin's price continuing to surge, here's everything you need to know about investing in the cryptocurrency. ... You need to know that your bitcoin investment might lose money. If you're not prepared to ..... First one piece of good news: You can buy fractions up to the eighth decimal place of bitcoin. . I think it would be better to put some part of money in bitcoin.

[alkhie01]

That's the worst decision that you've done in your life if you do that.Always remember the golden rule in Crypto investment "Invest the money that you can afford to lose". Even you can make it double or triple i suggest not to put it all specially if it's not just your extra money.

[therulemaster]

That's the worst decision that you've done in your life if you do that.Always remember the golden rule in Crypto investment "Invest the money that you can afford to lose". Even you can make it double or triple i suggest not to put it all specially if it's not just your extra money.

Actually many people are depending on the income from cryptocurrencies in this forum, they chose it at their main job and spend all the time for it but the point is they're good at it. So i guess your golden rule isn't wrong but it isn't right too. My golden rule is "Doing whatever you're good at it".

If the OP is really good at trading or investing , just keep doing it because it could become your main jobs like entire people in this forum .

[collins3]

I already get a lot of profit from the altcoins since i'm more into altcoin trading rather than bitcoin trading because it is more affordable and easy to trade because there is a lot of coin to choose from. I already made at least 3 btc profit in eth,dash and now i'm just waiting for the ripple. Yup atlcoin market is moving like a crazy at a moment so the people who have invested their money in it in past few weeks would be enjoying great profits at a moment so its good to identify potential altcoins and diversify our investments into it

[strongwarrior238]

I already get a lot of profit from the altcoins since i'm more into altcoin trading rather than bitcoin trading because it is more affordable and easy to trade because there is a lot of coin to choose from. I already made at least 3 btc profit in eth,dash and now i'm just waiting for the ripple. Yup atlcoin market is moving like a crazy at a moment so the people who have invested their money in it in past few weeks would be enjoying great profits at a moment so its good to identify potential altcoins and diversify our investments into it

Yes that is right, I can see how this in potential can be a helpful practice. In terms of crypto, What can be seen as a proper and relatively safe investment option that you can use to diversify your crypto portfolio. I honestly can't seem to find anything that is worthy of investing other than Bitcoin. Some say that investing in casino bank rolls is one of the better forms of investing

[beverly788113]

Yes, this is the best decision in my life and I will continue to put all my funds and work into it. I really have a high hope with bitcoins and surely it will not disappoint. So far, it has more than doubled after the new year and seems like it won't even stop. I wouldnt put anymore than 70% of my money into bitcoin. It is still important to diversify into other investments such as stocks and ETFs even though they might not be as profitable or exciting as bitcoin. Putting your eggs in 1 basket puts your risk insanely high especially if you all in on bitcoin

[reymartH]

If you do choose to take the plunge and buy a bitcoin, make sure it’s a very small part of your diversified portfolio—and that you can afford to lose your investment.

[letecia012]

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 money  in one basket f there is a massive sell down you will really feel stress and may get panic to sell off your hold. Its good to diversify tour money like 40% bitcoin, 30% eth and the rest you can buy other coins which you think have a positive growth overtime.

[xSkylarx]

If you do choose to take the plunge and buy a bitcoin, make sure it’s a very small part of your diversified portfolio—and that you can afford to lose your investment.

That is right, because placing all of your funds into bitcoin might give your some headache, before doing so, it would be better if you know that the price of bitcoin is not always going up for you to sell your bitcoin anytime you want, it is not like that. Bitcoin's price have UPs and Downs meaning, you couldn't sell whenever you feel to do so, because you are going to lose your profits or your capital if you are going to sell your bitcoin in a very low price

[19faraon88]

As of now, I don't think so that this is the right time to place all your funds in bitcoin. Price of bitcoin is not stable and always dropping, its hard for us to place our investment but we are just waiting for the right time. Brother, but if you really want to invest all your money its up to you. Just be Patience in Holding your bitcoin. Its take time but you will have sure profit on it.

[zokilnmet]

Of course it's not good idea. Every coin has each risks, but if you want to minimize the risks you should diversify your portfolio with another coins.