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plvbob0070
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February 03, 2020, 01:32:28 PM
 #21

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Investing in bitcoin is worth it but you should look to other cryptocurrencies because there's also an opportunity to earn a profit. As a matter of fact, bitcoin is not a stable cryptocurrency unlike with USDT that stable at the price of 1$. I want to suggest that you try to separate your money into different cryptocurrencies and do not put all your money in bitcoin. Don't forget to make a research about different cryptocurrencies where you will invest your money and at this time I can say it's quite good if you going to enter now because we are in the way of reaching the 10,000$. But, it still up to you if going to invest now and do not ever fall into scam investment.

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February 03, 2020, 02:08:57 PM
 #22

If this is your all investment-money, then you shouldn't put all $15k into Bitcoin, or even into cryptocurrencies. It's best to keep your assets differentiated on few markets. Consider the fact, that if whole cryptocurrency market will fall down tomorrow, you'll lose all your money. Don't fully rely on directings said by anyone but yourself, you decide whether it's a right moment to invest. If you don't know what is the right moment, then you should educate yourself more and more and more - learn whole time as much as you can before you invest in something.
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February 03, 2020, 02:53:20 PM
 #23

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
There are a lot of thing that you should consider first before investing. You will release a big amount of money so you better come think of it first. Analyze when you will be needing this money. Bitcoin is a long term investment. It is also volatile. You need to wait for a long time and a perfect timing before you gain income into it.

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February 03, 2020, 03:03:26 PM
 #24

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

I think that btc is the safest cryptocurrency to invest in and if at the moment you are contemplating on such to invest, it will be a better time for that. The price is yet to go into 5 digit and halving is on the way, so being a hodler now won't hurt you but do you good before December.

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February 03, 2020, 06:20:59 PM
 #25

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
To me, this is coming late, but you can still give it a try. Where were you when Bitcoin was at its lowest state?
In 2019 Bitcoin dropped to a very low price, around $3,000 and $4,000, unless you were not part of the community then.

You can still give it a try if you can risk that amount. It’s all about being able to take the risk. There have been a lot of predictions that the price will go up after the next halving, maybe you should give it a try and see if there would be an increase as they said. I have been holding my coins for quite some time now and I’m hoping there will be an increase.

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February 03, 2020, 07:31:06 PM
 #26

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Investing in bitcoin is worth it but you should look to other cryptocurrencies because there's also an opportunity to earn a profit. As a matter of fact, bitcoin is not a stable cryptocurrency unlike with USDT that stable at the price of 1$. I want to suggest that you try to separate your money into different cryptocurrencies and do not put all your money in bitcoin. Don't forget to make a research about different cryptocurrencies where you will invest your money and at this time I can say it's quite good if you going to enter now because we are in the way of reaching the 10,000$. But, it still up to you if going to invest now and do not ever fall into scam investment.


Bitcoin is indeed a good investment, I can really say that confidently because I have seen many people who gain a lot of profit in investing. There are actually lots of ways to earn crypto not only investing. This is actually the best time to invest since the market is recovering as long as bitcoin, just look at the value as of now it is rising and continue rising. We are all hoping that it will continue so that the token we bought and especially bitcoin we are holding can pump up also. Investing your money in bitcoin is such a good decision, but in order to earn money, you must have patience and eagerness to earn so that even if the market experienced downfall, you have the patience to wait for the right time that the market will recover.

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February 03, 2020, 07:48:03 PM
 #27

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Never you rush into bitcoin for investment, many have lost their savings for just jumping into bitcoin investment. I will personally advise you not to invest in bitcoin with the aim of get rich soon. The best investment in bitcoin which have been proven is that of the; long-term investment. If you are ready to invest such a huge amount in bitcoin, then you will be ready to make future wealth.

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February 03, 2020, 11:12:39 PM
 #28

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
That's a big fund, are you sure and ready to face all the risks? The cryptocurrency market is very dynamic, you should always look at market movements so that you are not trapped in losses and can determine the appropriate action on your coins or tokens. There are lots of temptations, FOMO, FUD, media propaganda, you have to really understand the cryptocurrency ecosystem in order to overcome that. It's better to share the money, 50:50, just try a small portion so you don't lose too much if your strategy doesn't work.

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February 03, 2020, 11:22:04 PM
 #29

good explanation before this but terrible advice here. you should never choose stablecoins or use them unless you have absolutely not other option. -snip-
I understand what you mean, buddy. If you read carefully what I wrote above, I was not in the position to advise him choosing stablecoins. I just try to make him aware that holding stablecoins won't be worth. And guide him to choose other options, coins with volatility like Bitcoin.  Smiley

-snip- You know that invest in a coin with stable price won't make you get big profits, volatility creates potential high profits.

R


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February 04, 2020, 01:27:31 AM
 #30

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

If you want to invest something stable, bitcoin might not be the answer you are looking for. This is highly volatile asset and will be for a long time before we hit the stability. You can invest into it for speculative reasons if you think it's going up that's not guaranteed by anyone. Just because lot's of people think it's very likely that bitcoin is going up again it will always be your own call. But stability is something you should look from elsewhere.

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February 04, 2020, 06:31:24 AM
 #31

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

Is BTC safe?
It depends upon what type of safety are you looking for. If you meant the safety from theft then yes bitcoin is safest way of keeping your money. Just save your bitcoin on some hardware wallet or paper wallet and it's safer than anything in the world. If you meant financial safety then no, bitcoin is still immature and can dramatically rise or fall by even 90%.

Stable, well why would you like to invest in something which is stable? Stable investments are not investments, they are securities. This property is also not present in bitcoin at this time.

So if $15000 is not highly substantial for you, I mean if you can bare the fall in value by 20-30% at times then go ahead. Eventually you will get success.

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February 04, 2020, 09:40:52 AM
 #32

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?

If you want to invest something stable, bitcoin might not be the answer you are looking for. This is highly volatile asset and will be for a long time before we hit the stability. You can invest into it for speculative reasons if you think it's going up that's not guaranteed by anyone. Just because lot's of people think it's very likely that bitcoin is going up again it will always be your own call. But stability is something you should look from elsewhere.
Investing $15000 would not be a small step. OP should surely look for some stable source of income if he wants to invest this huge amount. Investing this amount might make financial life of OP a bit unstable and he would need some stable source of income in order to get the financial life on track.

Bitcoins might surely give him immense profits, no doubt in that but OP might have to wait for some interval in order to see his coins growing in the markets where he could than make profits by selling some portion of his coins and again buying back on some dip. This method can make him earn a good and decent amount but it might even be a bit riskier as in these high volatile markets, we could never predict the exact price for bitcoins.

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February 04, 2020, 09:49:20 AM
 #33

If you want to do a long term investment then I can say it's safe! but if you just want to a quick money in investing then I will not recommend bitcoin. Bitcoin price right now is unpredictable, any time it could go to the moon or go down, so if you are not experience trader I am highly suggesting that, you should consider long term investing. Long term investing in bitcoin is a sure thing here, just look at the price chart, currently we are at the downtrend and I am thinking may be give it a year, or just wait for the bull run and take your profit. In bitcoin if you go long term I am sure you will get the profit that you wanted.

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February 04, 2020, 09:58:39 AM
 #34

If you want to do a long term investment then I can say it's safe! but if you just want to a quick money in investing then I will not recommend bitcoin. Bitcoin price right now is unpredictable, any time it could go to the moon or go down, so if you are not experience trader I am highly suggesting that, you should consider long term investing. Long term investing in bitcoin is a sure thing here, just look at the price chart, currently we are at the downtrend and I am thinking may be give it a year, or just wait for the bull run and take your profit. In bitcoin if you go long term I am sure you will get the profit that you wanted.

long terms is just risk as short term because you will depend on the faith of the coins and you dont have an idea what will happen on that coin in the future but on short term you still have the time to sell when all fails  or when you suspect the coin will not go well  . im still confuse on what you said here , you said bitcoin is not good but eventually you said bitcoin is a good coin to earn   .   btc is really a good coin and there no doubt with it but like i said earlier , no one guarantees what can happen to it later on  .  while other coins are just plain bad from start  to finish .
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February 04, 2020, 11:43:30 AM
 #35

If you want to do a long term investment then I can say it's safe! but if you just want to a quick money in investing then I will not recommend bitcoin. Bitcoin price right now is unpredictable, any time it could go to the moon or go down, so if you are not experience trader I am highly suggesting that, you should consider long term investing. Long term investing in bitcoin is a sure thing here, just look at the price chart, currently we are at the downtrend and I am thinking may be give it a year, or just wait for the bull run and take your profit. In bitcoin if you go long term I am sure you will get the profit that you wanted.
im still confuse on what you said here , you said bitcoin is not good but eventually you said bitcoin is a good coin to earn

I said that bitcoin investment right now is risky considering that it's on pump right now and may dump anytime, but if you will consider long term trading then, it will be a good coin to earn! Just see the chart mate, chart never lie LOL

Quote
long terms is just risk as short term because you will depend on the faith of the coins and you dont have an idea what will happen on that coin in the future but on short term you still have the time to sell when all fails  or when you suspect the coin will not go well

LOL, this is bitcoin what you are talking right here. long term=short term? Have you trade before? Long term trading is the safe considering that if you lose the trade you will just wait it to pump and claim your profit. If you think that long term trading is just equal to short term, I am thinking that you don't have any experience or idea what is trading mate.

Quote
no one guarantees what can happen to it later on

Agree! but if you will lower the risk through the analyzing the market, I think you will get a better chance of winning your trade. There's a reason why trading is different to gambling  Wink


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February 04, 2020, 12:33:10 PM
 #36

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
I will assume that you are just a newbie and you are thinking that Bitcoin is like a "SAFE HAVEN" for you.

One of the most popular quotes of every investor is that "Don't put your eggs in one basket". If you only have $15000 in savings and you want to invest it into Bitcoin, I suggest that don't put it all but just a small percentage. What can you do with the remaining? Its either invest it into other investments or just save it if you don't have any experience in investing. If you have experience then invest into different investments it will help you grow your money faster Smiley.

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February 04, 2020, 01:16:16 PM
 #37

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
If you’re serious about this one then I wont suggest to invest on bitcoin alone because you need to spread that money and consider many things before investing. Many says that bitcoin is the best investment right now, I also believe on this one but because of the volatility, you might lose your patience and money if you can’t control your emotion and if you see bitcoin from dumping. There’s no assurance for a good pump again with bitcoin, that’s a huge money for me so have a good decision and learn on the best way.

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February 04, 2020, 01:19:32 PM
 #38

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise? Is BTC safe and stable at this point and this time?
Bitcoin never be stable, its price always move up and down without everyone know. So when you have intention to store all your saving money it could be worst, because you spend them didn't use the money that can afford to lose, you will not comfortable with it. That is the first reason that I thought here.

Although I could be say that bitcoin is promissing place to store money and even if we see the sentiment market right now I can be say bitcoin will give you high profitable. But you will face something that even we never be planned, decreasing price a lot other thing that you will lose your money it will be an issue.
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February 04, 2020, 02:11:46 PM
 #39

So, you are going to purchase more than 1 bitcoin to hold? Are you aware about the trading tricks and methods and also have you acquainted yourself with trading strategies and the chart patterns? You need to start learning few things before you could invest that huge amount of investment.

Money itself cannot gain you profits but you do need to use your brain in order to start having profits. BTC is a safe investment but from my point of view. You have to find your perspective of view on your own by studying with several patterns and charts. You also have to compare bitcoins from 1 day graph to 1 hour graph and maybe even 1 minute graph if you are considering to invest for smaller terms. If you want to invest for long term than you can find any good dip from 1 hour dip and get in.

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February 04, 2020, 03:00:30 PM
 #40

as I wrote in the last post:

You have $15,000 and you buy bitcoin for the price of $9400, what is your target price to sell?

The price is currently at $9140. this can be a very bad time to buy bitcoin, you must wait if the price will break the $9500 and stay above $9500 to buy or you can wait and see if the price it will drop below $8700 and then wait to see if it will not drop below $7800 to buy

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