Krislaw
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December 04, 2019, 10:30:44 AM |
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Its a difficult advice to anyone in this forum and the forum almost have an anthem to invest only what you can afford to lose. Invariably a high number of members had invest their fortune in bitcoin at their own risk, and they have made a big return. Whereas some members loss, its just a difficult advice, take all decision with wisdom here at you own risk
Invest the money that afford to lose is the best strategy that we can use but if we will invest our money we should not put in in one investment. We should spread it to 3 or 4 parts. My diversification of investment is into 3 parts where I allocate my capital to 3 different parts which is 33% in every investment. Or better still, invest from your profit/miscellaneous and not what you have in mind as capital/budget for something else. Some people think of using the money they have as budget for something to invest in crypto would yield them good return in short period which is wrong. There's always two sides.
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TitanGEL
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December 04, 2019, 11:27:35 AM |
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Its a difficult advice to anyone in this forum and the forum almost have an anthem to invest only what you can afford to lose. Invariably a high number of members had invest their fortune in bitcoin at their own risk, and they have made a big return. Whereas some members loss, its just a difficult advice, take all decision with wisdom here at you own risk
It's okay to ask for advice on what you will do to people or friends that you really can trust. because although it is true what you say that the risk will later be determined by yourself. in bitcoin investment, of course you have to be accustomed to understanding that there will be risks, it may be profitable or you can lose money. this risk we must realize first, so you can be more observant in analyzing bitcoin so it does not have to sink. Find a mentor where his/her lessons are suitable for your skills. Be aware that there ade fake gurus and teacher in the internet so be careful who would you trust. I have a good mentor where he taught me about risks management and also technical analysis. In bitcoin investment, you should not just put your money; you should have plan in order to have good results.
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Eugenar
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December 04, 2019, 03:04:50 PM |
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Its a difficult advice to anyone in this forum and the forum almost have an anthem to invest only what you can afford to lose. Invariably a high number of members had invest their fortune in bitcoin at their own risk, and they have made a big return. Whereas some members loss, its just a difficult advice, take all decision with wisdom here at you own risk
And basically no matter how strong you are in saying you will believe in bitcoin, if you have funds invested and you experience the drastic fall of the market price, you might end up panic selling your investment. So, the risk here is how you could have a good disposition on your decision and to stay firm holding your bitcoin right in the place where it was invested. Do not be affected by FUDs because people are good at manipulating the market through manipulating the people.
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Palider
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December 04, 2019, 03:53:26 PM |
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It still depends on the person asking for advice whether he or she will obey it, because we don't know what this person's experience is about why he or she said that.
We have different experiences to recommend to our friends but he still decides whether it is in his best interest or not. We will have different opinions and of course different advice as well.
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Webberson
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December 04, 2019, 10:40:33 PM |
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Bitcoin investment differ from individual to individual. It is an investment that has given some people success stories, while others, unpleasant stories. Like every other investments that involves risk, bitcoin investment also involves risk, which is why it is usually advised that you take a calculated risk on any investment and risk what you know would not affect you, when you incur losses.
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crzy
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December 04, 2019, 11:56:09 PM |
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This is just an advice and someone should not force you to obey what he said or what’s the advice. If you want to go all in then so be it, or it you want to do day trading its also fine. At the end of the day, the important things here is that, you can do it on your own and you know where to go despite of uncertainty.
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Jalinayr
Jr. Member
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Activity: 77
Merit: 1
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December 05, 2019, 12:38:43 AM |
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We all know that BTCItcoin is really risky if you invest in Bitcoin or other altcoin be sure that money is not too important if you got profit you win if you lose you can hold it.
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HarmonyA
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December 05, 2019, 12:51:45 AM |
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I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
Normally, it is not ideal to put "all your eggs in one basket". Didi Taihuttu behaviour was necessary for professionals who have an indept knowledge of the prospect of Bitcoin. He took the highest risk and it paid off for good. But I will advance anyone to disease from such act at this period of high volatility of Bitcoin. Learn to spread your investment . There are offline investment that are still profitable, and Alts too. Bitcoin is not the only lucrative market.Endeavour to take risks that you can manage the impact incase it turn sour.
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lienfaye
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December 05, 2019, 01:08:21 AM |
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If you say crypto the most reliable coin (for me) to invest with is bitcoin. Thus when someone decided to invest I often suggest to put a huge portion to btc more than alts. But it doesnt mean its a guarantee to have a money return for few days, months or years because we know how risky investing in crypto is. Its not advisable as well to invest your hard earned money came from your salary etc. invest what you can afford to lose because we dont know how the market will perform in the next days.
It can turns up and down hence we need a lot of patience to survive in this high volatile market.
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LUCKMCFLY
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Leading Crypto Sports Betting & Casino Platform
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December 05, 2019, 01:53:48 PM |
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Immediate diversification is indispensable today, because Fiat money is going through mostly inflation processes, negative interests, some banks are considering launching their Blockchain-based currency, the case of the digital dollar, the stablecoin China, some indices that speak In case there is a worldwide crash, all this resonates lately in the news, therefore, the diversification based on Bitcoin, gold, gold stocks is the most advisable to protect the money saved or money that does not want to lose its value.
In the case of some countries that have very high inflation, at the moment that they guard their money in Bitcoin, not only their value is protected but it increases even when the price of Bitcoin falls, it remains or rises, many people look for strong currency such as Dollar or Euro, but they are traditional economies based on current debt as the main premise, and taking refuge under a deflationary economy is the smartest thing we can do.
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Murat
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December 05, 2019, 02:54:47 PM |
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Without having a risk, you could not find any source of investment without risk, but day by day Bitcoin is becoming a very risky platform for both investment and trading, you have to face a lot of prices volatility because Bitcoin is suffering a lot of price ups and downs in recent time, but if anyone ponders about the future purpose then it might be a good source of profit because, in the future, Bitcoin will bring to us a good opportunity and it will be one of the main monetary platforms. so for the long term investment, Bitcoin is one of the best for anyone.
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posoa
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December 05, 2019, 07:42:45 PM |
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Without having a risk, you could not find any source of investment without risk, but day by day Bitcoin is becoming a very risky platform for both investment and trading, you have to face a lot of prices volatility because Bitcoin is suffering a lot of price ups and downs in recent time, but if anyone ponders about the future purpose then it might be a good source of profit because, in the future, Bitcoin will bring to us a good opportunity and it will be one of the main monetary platforms. so for the long term investment, Bitcoin is one of the best for anyone.
Bitcoin as a crypto currency have actually affected many life for good, the volatility of bitcoin tends to create a lot of fear in the mind of investors. The reason why many invest and the price of bitcoin keep fluctuating to the disadvantage of the investors, calls for a long Term investment with a capital that can serve for that purpose, not necessary your whole capital, for the short term investment have a double side to the coin. So investing in Bitcoin is a nice idea, but you have to invest wisely as well.This is because if you don't invest with what you have make up your mind to use, and tomorrow there is a boom in Bitcoin am sure you will not be happy with yourself. That is why many people's opinion is for you to invest wisely.
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nydiacaskey01
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December 05, 2019, 10:36:13 PM |
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Never go all-in in any kind of investment. That means its not only in cryptos but to all things that you may want to pour your money in. Like you invest only in Gold, price of Gold is very unlikely to drop but to be sure buy something is that has value and may give you passive income. Like real estate that you can lease out on a daily, weekly, or monthly basis.
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Vickysagar
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December 05, 2019, 10:48:44 PM |
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i'm pretty sure that before you wanna invest you need to make a strategy of your investing and definitely you shouldn't go all-in
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xiboothrezi
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December 05, 2019, 10:55:26 PM |
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~~ Thing is we are still unsure about the future and adaptability of bitcoin or cryptocurrencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing. ~
Indeed there is no guarantee that Bitcoin has a good future as many have predicted, but this past decade is enough to prove that hope still exists and not to miss this good opportunity. There are safe ways so that we are not trapped in big losses: 1) understand the cryptocurrency ecosystem properly, 2) realistic, everything needs a process, 3) dwyor, don't be easily influenced, don't be greedy, 4) don't sacrifice certain assets that already belong to you with something that you don't believe in. Also, make sure we all understand the risks when joining cryptocurrency, many things are unthinkable.
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sana54210
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December 06, 2019, 04:58:29 AM |
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I invested at a time when Bitcoin was still new. When something is new and still growing there is a chance that you can make some profit from it at anytime in the future, because one thing for sure is that the market is going to grow.. But at this time it is not advisable for anyone to invest everything they have in Bitcoin because they can end up losing it at anytime. We don't really know where Bitcoin is heading to this time around and whether it's going to fall back or continue to increase.. So, anyone that is investing right now has to be really careful and invest just a part of their money that they can risk in bitcoin. As someone that has a job you can be investing monthly from your salary I guess. Never go all-in in any kind of investment. That means its not only in cryptos but to all things that you may want to pour your money in.
For this diversification reasons, people simply choose few altcoins when they enter cryptos. I always suggest about diversification as it will minimize the risks involved. Investments must be an integral part of preventing unexpected financial problems and risking within calculated risk levels is integral part of investments.
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Honnet43
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December 06, 2019, 08:11:20 AM |
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I don't remember how much I invested in BTC and the whole cryptocurrency itself but I'm sure that it was worth it.
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CodyAlfaridzi
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December 06, 2019, 07:27:58 PM |
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Don't you consider development in Lightning, Segwit, etc great progress? I mean since now all those alts claiming "innovation" are still behind Bitcoin, in all aspects, by a large margin. I still have an optimistic view on Bitcoin future, especially with the next halving in sight.
He only bases the progress on the prices only. LOL. That’s what he meant by progress. I am more comfortable with the current price of Bitcoin now than way back 2017 which is highly unstable and very suspicious with all those new record highs for the price which had been broken very often that’s I’m not that surprised that it had dumped way too low. I prefer slow moving price since through time it would build up a good resistance so that the dump would not be too hard. I heard a lot of news and I think that’s a progress to if we think about it. I couldn't agree more. Slow but sustainable growth in price along with real development and growing adoption is definitely more preferable. Besides, I still need more time to accumulate these cheap bitcoins For this diversification reasons, people simply choose few altcoins when they enter cryptos. I always suggest about diversification as it will minimize the risks involved. Investments must be an integral part of preventing unexpected financial problems and risking within calculated risk levels is integral part of investments.
I don't see how altcoin can be considered a good diversification strategy for Bitcoin because most of the time when Bitcoin drops, alts drop too. The best diversification I thnk is still going for Bitcoin, stocks, bond, and real estate.
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Oni Trading
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December 06, 2019, 08:57:03 PM |
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Despite this last crypto and BTC dump, I still think investing into BTC is one of my best investments ever.
Do not forget 95% of the people who purchased BTC at any part apart from these people buying at $14k+ were able to exit in profits if they wanted.
Also, this is just the beginning, I plan to stay in crypto long, long time. BTC will not stay at these levels for a long time, I strongly believe that.
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sayaya17
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December 07, 2019, 11:31:34 AM |
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That's right, bitcoin is indeed very volatile and very risky. For that, if you want to invest in crypto, either bitcoin or altcoin, you need a deep understanding, so we are not wrong in taking action. I do not recommend investing before someone really understands what investment is and what is crypto . So investing in crypto is not for trial, so if only just try it, the risk is loss.
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