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ballerin and giroud
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February 04, 2020, 07:02:11 PM
 #41

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?
Don't thinking too much, you can make a decision to buy right now. But with one note you already understood what the characteristic of bitcoin price so you will not be supprised when its price going down a lot. In this situation you will be tested your capacity as an investor. If your target to investing your money was for profit then you make bew strategy to hold but if you just make a decision to invest in bitcoin and you didn't know it before then you will sell your investment at that time in a lose situation. Be carefull of it, you can make a strategy as much as possible.
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February 04, 2020, 09:11:59 PM
 #42

To be honest, $ 15K is an acceptable amount for investing, but I would like to say that despite there is a volatility in the whole market not just BTC, but it is pretty safe when you invest all your money just in the KING Bitcoin, and this is absolutely the right time for buying the best cryptocurrencies especially who are existed on the TOP 10 ,  the others are too risky even if they have a good potential.
Also, remember that patience is always the key of profit, possible after the halving the whole market will pump.
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February 04, 2020, 10:20:47 PM
 #43

Bitcoin is not a stable currency, you can't expect that when volatile is the nature of it. But yes, Bitcoin is the most trusted coin ever and investing in Bitcoin always a wise decision. But I would suggest you wait for a while, there is a rumor that BTC price will go down to 8K USD or more down than that. So, wait for the dump and buy it at a lower price. Therefore you can split your investment to buy some other coins like ETH, LTC, LINK, XRP. Good luck with your crypto investment.

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February 05, 2020, 01:44:46 PM
 #44

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?
$15,000 was a really huge amount of money and you have any plans on investing it into bitcoin. Bitcoin is not stable in which it may fluctuates anytime and it is because bitcoin is volatile in which we can say that bitcoin may up and down so if you are asking if it is stable then I will say that this is not stable. If you are asking about the security or the safe matters of investing on bitcoin then probably I can say that investing on bitcoin is really safe if you just know how bitcoin works and how the crypto market is going.



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February 05, 2020, 01:53:48 PM
 #45

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 are into long term, it should be safe. BUT you should get acquainted with the process of creating and keeping a cold wallet. Normally this involves booting a secure os pc to create a wallet, then after having written down the seed words by hand securing them, copying plenty public addresses and turning it off.

Then practice recreating the wallet in the same secured PC (live OS images such as Tails are ideal).

You should test with very small quantities until you understand how it works. Perhaps write instructions somewhere to keep them along the seed words.

As long as its long term and cold wallet (paper with written seed words) those funds are safe. And since you have the public addresses, you can keep adding funds and even securely checking them using a blockchain explorer or electrum read only, etc.

Long term bitcoin price will keep increasing, slower overtime. This doesn't mean no fluctuation, it is a free coin and it fluctuates, but this doesn't matter as in the long term the trend continues, just look at the entire history, all 11 years.

Forget about getting "rich" either from this alone. After some years you will see some "interest" (higher than banks) but nothing extraordinary like what people who invested years ago could make. Be disciplined, wait. Preferably take a look every year or two rather than every week or month, so you don't panic and make a mistake. Make sure this is a money that can be left alone, think fixed term fund.

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February 05, 2020, 02:37:51 PM
 #46

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?
$15,000 was a really huge amount of money and you have any plans on investing it into bitcoin. Bitcoin is not stable in which it may fluctuates anytime and it is because bitcoin is volatile in which we can say that bitcoin may up and down so if you are asking if it is stable then I will say that this is not stable. If you are asking about the security or the safe matters of investing on bitcoin then probably I can say that investing on bitcoin is really safe if you just know how bitcoin works and how the crypto market is going.
Investing in bitcoin has a high chance of getting profit and losing money into it, The volatility of bitcoin is higher compared to other investment, This is for me a great feature of bitcoin compared to other investment. I think you should consider the risk if you are investing in bitcoin.

I think investing in bitcoin when it is stable is defeating the purpose of getting profit from bitcoin Because it might always go up and down. Buying on dip and selling at a price that I'm satisfied with, is that I still survive getting profit in trading bitcoin.
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February 05, 2020, 03:33:53 PM
 #47

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?
It can be of a good decision but since you are new to this environment, it is better to start at a small amount until such time that you are knowledgeable enough with the market situation. I'm not supposed to give you some worries or even doubts but I just say will serve you as a warned that crypto investment is not as easy to look by. Difficulties, losses, and gains might happen around and the question is, can you manage your emotions to face these things? That is so hard and I can't imagine soo many people would try to invest crypto but later on, they started to vanish because they certainly not know what is happening most especially when we are in the bear season.



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February 05, 2020, 03:35:54 PM
 #48

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?
$15000 is big amount of money though it is really reasonable to place your investment in Bitcoin due to the fact this can guarantee to give an enough profit. However, I think it would still much better if you will diverse it and put in different top performing altcoins such as ETH, XRP, etc just to lessen the potential risk and as investors you should probably know the philosophy of not placing all of your eggs in one basket. Personally, investing in BTC is safe but I think it varies on the time you were going to invest and the amount of patience you have because there are some cases that a person tend to lose their cool and used to panic sell that always causes a big loss.

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February 05, 2020, 03:45:48 PM
 #49

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 are just investing because you think it might be stable today. I suggest not to invest, bitcoin is so volatile compare to other currency you should always prepared with the price movement before investing. Two way you can experience if you invest it a lost or profit dont expect it will be stable because it will not gonna happen check the previous chart of bitcoin and you will have idea why i say this.

Exactly, as you invest this year, bitcoin is not moving and there is no progress, therefore, you're money is also stable. You need to wait for the moment when bitcoin suddenly becomes high but it is not uncertain when it will happen. But if you really want to have some profit, you need to take a risk using shitcoins, altcoins rather, so your money will not be stable. But as what I've said, it is risky. Bitcoin is also risky, but when the time comes that its price goes up. You are very blessed to have huge amount of money out of bitcoin. So for me, check the history or timeline of bitcoin to see the probability of it making high again. Also monitor its price in the market so you're updated on what's happening in bitcoin.
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February 08, 2020, 05:24:00 AM
 #50

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 is the right choice than you are investing in Altcoin. Bitcoin will remain the best long-term investment than others. But you need to know that the price of Bitcoin will always fluctuate so that the value of your assets can grow or plummet quickly.  But don't worry if Bitcoin is your choice then I'm sure your assets in the next 1-2 years will grow up.
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February 08, 2020, 08:48:57 AM
 #51

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 don't think it will be wise when you give up all the assets you have on bitcoin. however, something wise is when you invest in what you are willing to lose. if $ 15,000 is an important asset for you, don't invest all of it, try to start from 50%, or below, because we don't know whether it's really your profit or your loss. however, you need to consider that, for me, it is not wise to invest everything you have in one basket, even more so if the loss can affect your life.

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February 08, 2020, 09:26:55 AM
 #52

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 is the right choice than you are investing in Altcoin. Bitcoin will remain the best long-term investment than others. But you need to know that the price of Bitcoin will always fluctuate so that the value of your assets can grow or plummet quickly.  But don't worry if Bitcoin is your choice then I'm sure your assets in the next 1-2 years will grow up.

Today one of the fastest-growing investment is with the use of cryptocurrency, and now one of the growing coins is with the use of bitcoin by the time goes by the price of the bitcoin slowly increasing and this is the reason why it gets a lot of popularity and becomes fame into the world of cryptocurrency we all know that the price of the bitcoin before is just a thousand dollars and now it shows the highest pr profitable income. As a person who wants to get a lot of revenue or profit even, it is risky, they are trying to get some investment because there is a fifty percent chance they will get a lot of income if the price of the coin goes up the same with their money.  Today there is a chance that the market price of the coin will grows up and becomes more profitable because in the early month of the year it shows now a good sign of rapidly increasing.

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February 08, 2020, 09:52:20 AM
Merited by Sanitough (1)
 #53

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 is the right choice than you are investing in Altcoin. Bitcoin will remain the best long-term investment than others. But you need to know that the price of Bitcoin will always fluctuate so that the value of your assets can grow or plummet quickly.  But don't worry if Bitcoin is your choice then I'm sure your assets in the next 1-2 years will grow up.

If he doesn't think about the volatility of bitcoin and altcoin price, he can invest in cryptocurrency, especially if he still has more money to fill his daily needs.  That will not be a problem if he wants to use $15k to invest in bitcoin because he can get more than 1 bitcoin, and he can also invest in altcoin too. But he needs to understand that bitcoin is not stable, and he needs to prepare to see the volatility of bitcoin price. He needs to accept the risk if somehow bitcoin price is down for a moment because if bitcoin price is down for a while, it will go up in the next day or weeks, so he will see his investment value will be up too.

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Sanitough
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February 08, 2020, 10:03:55 AM
 #54

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 is the right choice than you are investing in Altcoin. Bitcoin will remain the best long-term investment than others. But you need to know that the price of Bitcoin will always fluctuate so that the value of your assets can grow or plummet quickly.  But don't worry if Bitcoin is your choice then I'm sure your assets in the next 1-2 years will grow up.

If he doesn't think about the volatility of bitcoin and altcoin price, he can invest in cryptocurrency, especially if he still has more money to fill his daily needs.  That will not be a problem if he wants to use $15k to invest in bitcoin because he can get more than 1 bitcoin, and he can also invest in altcoin too. But he needs to understand that bitcoin is not stable, and he needs to prepare to see the volatility of bitcoin price. He needs to accept the risk if somehow bitcoin price is down for a moment because if bitcoin price is down for a while, it will go up in the next day or weeks, so he will see his investment value will be up too.
Exactly because bad market could happen.
We can look back at the past, bitcoin pump to $20,000 and if an investor bought at that price, what would he/she feels seeing bitcoin dropped to $3,000+.
it's a matter of timing, both for buying and selling and everyone should be smart enough to determine which is the right timing.
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February 08, 2020, 10:04:13 AM
 #55

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 profitable especially for long term holding but I think your capital is too huge for it, consider diversifying. We know investing is risky and doesnt guarantee a 100% profit hence it is advisable to invest only the money that you can afford to lose.

In crypto the most proven and reliable coin is bitcoin (its not stable like what you think) your capital has a chance to grow but you have to be patient because there's no easy money here. If you're willing to take the risk then have guts and think of the possible consequences incase what you expected didnt happen.

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February 08, 2020, 11:06:49 AM
 #56

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 are investing just because of profit better not do it and just stay learning,because crypto investing is not just for profiting but for knowledge and technology also.
Because of you don’t really trust Crypto then no way that you can stay stronger when market pulling down the prices.
I think best way to invest with cryptocurrency right now because bitcoin and altcoin look going on to the higher price, but with higher amount you can put with several coin for bigger chance to get profit and keep getting higher much profit with bitcoin and altcoin, depend with how lucky of coin do you want to invest.
This is not like a stock market where you can just buy and profit mate,and not because youre seeing some good move in market you can make profit.
Never forget the volatility of cryptocurrency,it can go up today but lose tomorrow so better think and learn before entering and invest your money.

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February 08, 2020, 01:04:20 PM
 #57

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 $15,000 to bitcoin is very risky it is just you buy almost 1.5 bitcoin as a whole and I can say that it is really a risk taking but it seems to be a good decision to invest on crypto if you are really willing to do it but if you will consider to ask a financial expert on what to do on your $15,000 then probably they will say to invest it on something that is worth to invest which is real estate and etc.
I can suggest that if you are really willing to bet or risk to crypto then it would be great to invest a huge amount of money in order to earn good profit when the time of crypto comes.

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February 08, 2020, 03:07:06 PM
 #58

-snip- if $ 15,000 is an important asset for you, don't invest all of it, try to start from 50%, or below, because we don't know whether it's really your profit or your loss.
I agree with your suggestion to invest 50% of funds in advance rather than having to use 100% of funds owned.
Using this strategy, we can buy bitcoin cheaply when prices start to fall below the price of the first purchase.
The remaining funds will be a reserve fund which at any time will be very useful.

The most important thing is to determine what type of investment to use. Will it do Short term or Longterm.
But for bitcoin, currently doing the Longterm investment method can be profitable, because bitcoin has begun to rise in price again.

The last is a mental problem. Mental must be really strong and must be sure of what is invested. Never cut cut, because it will be very detrimental. Waiting until the target is achieved is the best even though it takes a long time.

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February 08, 2020, 03:39:01 PM
 #59

I am really thinking about investing over $15000 of my savings into Bitcoin. Would this be wise?

Yes it is, investing in Bitcoin is a wise choice, however, I am seeing that you are the type of person that is going to panic that will do panic selling out of the blue if the price of bitcoin would be in the bearish market for some time, that is going to become the unwise thing here.

Is BTC safe and stable at this point and this time?

Bitcoin is safe, but it will never be stable. Think about it, you are going to invest in cryptocurrency (in Bitcoin) because of the profits that it could give to you in the long run and yet you were asking for it if it was stable or not, because if it is, then the profits that you could earn in the long run would not be that big compare if you are looking on the volatility of bitcoin as your advantage for the sake of your profits.

P.S: Don't invest in bitcoin, just make a small business of yours, that could be great for you.
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February 09, 2020, 01:35:22 AM
 #60

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?

Definitely there's no answer to your question if you are to ask me. Many have invested into Bitcoin and have given positive feedback while others have negative feedback, so, this investment depends on each individual who's involve in the investment. Personally, if you aren't sure of Bitcoin investment due to it volatility, then don't invest and if you must invest, "invest what you can afford to loose".
Investing requires financial IQ and knowledge, you cannot just put money on it without prior knowledge about what it is. There are people who are losing money in the market because they do not how market works. They are just investing because they are hoping to increase it in just short period of time. It is not like that, we should change our mindset before investing. In order to grow out investment, we should first protect our fund my improving our risk and management.

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