baconlike
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Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
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April 10, 2018, 02:03:00 PM |
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If your savings are your idle money, I support you when you decide all of them into the Crypto market. If you have the experience and luck, I think your savings will be double or triple.
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kusach01
Newbie
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Activity: 121
Merit: 0
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April 10, 2018, 02:52:12 PM |
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Do not invest all your money. Must stay for a rainy day. I always leave 20% of the income untouchable. Otherwise, you can lose everything.
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yhnshjka
Newbie
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Activity: 100
Merit: 0
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April 11, 2018, 11:30:03 AM |
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
I do not recommend that you invest in all your savings. The ups and downs in transactions will affect your normal life. You have to leave a part to ensure your life. Once again rethinking your decision, you may be able to consult someone who may have more experience with cryptocurrency investments. |
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BUK2016
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April 11, 2018, 11:56:54 AM |
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In the first instance not all savings should be channel into investment as we have different types of savings, such as precuational savings, retirement saving, emergency savings.
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mstfprcn
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April 11, 2018, 12:22:14 PM |
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If you invest all you savings in the right coins, right time, you can make money. but invest all your savings is too dangerous i think, you should keep at least 30 % your savings for the bad days.
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Geleve
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April 11, 2018, 01:13:06 PM |
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it is very risky. because for example if you invested all your savings a few months ago to crypto market, no matter what you bought altcoin or bitcoin, you would probably in high dept. but if you kept some as cash there had been very nice uying opportunities during that time.
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Firdausiii
Jr. Member
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Activity: 168
Merit: 1
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April 11, 2018, 02:14:05 PM |
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Wow, a lot of money for long-term investment, such a great idea man. You will be a millionaire later, I hope so. 2 big coins (Bitcoin and Ethereum) nice choice. Hope you can satisfy 5-10 years later.
It is important to know the details with what you invest. And Do not put your money in a single investment especially when you're not yet professional. Do not do it. Investing all your savings is very risky |
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one key56
Newbie
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Activity: 32
Merit: 0
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April 11, 2018, 03:00:33 PM |
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do not invest all your savings because it is a very bad idea, you can be crazy if you lose, you better use half your savings only
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herfie.chen
Member
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Activity: 672
Merit: 10
simply getting the job done
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April 11, 2018, 03:12:09 PM |
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Do not invest all your savings is not a good idea, save 50% for savings and 50% for investment. Investment also has a risk, when you invest all your savings and the price of crypto decreases, you will lose your money.
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tienigarazz
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April 11, 2018, 03:28:00 PM |
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Sir, it is a good idea to invest your money or all your savings in crypto, but always make sure that you are willing to take risk and you are also willing to accept all the things that will happen wether it is good or bad.
Because it can make your money gone or multiply. Good luck and god bless.
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s0beit
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April 11, 2018, 05:11:44 PM |
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
Your idea would be too risky for you to have. I believe that trading is a good way of earning but you should always know your limits. There should always be a careful in everything you release so that if you'll lose something, you won't have any regrets. I think at least 25% of your savings is already enough. |
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Tigerw
Member
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Activity: 448
Merit: 12
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April 11, 2018, 06:20:23 PM |
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Sir, it is a good idea to invest your money or all your savings in crypto, but always make sure that you are willing to take risk and you are also willing to accept all the things that will happen wether it is good or bad.
Because it can make your money gone or multiply. Good luck and god bless.
The fact is that it's always easy to talk, but it's very difficult to navigate the market and make the right choice. Of course, if a person is already experienced and has long traded in the market, then he has much more opportunities to minimize his risks. But if a beginner, then no loss will never do. |
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Genosx
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April 19, 2018, 05:32:59 PM |
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I think it will be great that you will do that because in investing in the cryptocurrency; the company will accumulates and generate earnings which will contributed to your investment in a given time.
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illnino
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April 19, 2018, 06:07:35 PM |
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You can do that if you have a savings money but you never invest with a one platform because if you invest your all savings in a one platform if those platform scam are show any problem and you can lose your whole money so you must invest different platform for your future.
Naturally, the best thing is to choose several reliable altcoins and do not forget about Bitcoin. In this case, you can get profit even making exchange operations. Certainly, with time you will get the great experience and succeed in it. |
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