Rassah
Legendary
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Activity: 1680
Merit: 1035
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December 12, 2014, 10:36:46 AM |
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If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?
Because, in the offline world, a lot of merchants have not yet heard of Bitcoin. So, if I need to buy something from them, I need to have FIAT in possession. Sad, but true, the internet population is still less than the non-internet population across the globe. So convert only what you need to spend into fiat |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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December 12, 2014, 11:50:23 AM |
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96% bitcoin saving economies.
4% in bank (month stupid invoices).
not too bad ... 1 year to convert all (1/8 at 500 euros, 7/8 at 300 euros).
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mlferro
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December 12, 2014, 12:41:08 PM |
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I think it has no problems invest 1% of their monthly income in bitcoins.
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picolo
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December 12, 2014, 10:40:41 PM |
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I think it has no problems invest 1% of their monthly income in bitcoins.
10% of everything you save or 5 to 10% of your overall savings. It depends on what risk you are willing to take and what risk you think you are taking when you buy BTC. |
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vm_mpn
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December 13, 2014, 01:15:48 AM |
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Nobody here is stupid enough to invest his/her life savings in Bitcoin... If you need to invest your life savings Coinye is a way to go. http://en.wikipedia.org/wiki/Coinye |
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Possum577
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December 13, 2014, 01:27:22 AM |
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Invest responsibly!
It's great that new options are coming out for all of us to invest our precious Bitcoins...options and future contracts are just the start!
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nauane
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December 13, 2014, 03:15:26 AM |
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I'm thinking seriously in invest monthly 2% (initially) and depending increase to 5% after the first 6 months.
I hope it works
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Danx-
Member
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Activity: 77
Merit: 10
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December 13, 2014, 03:48:46 AM |
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Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?
it needs allot of bravery to actually do this, bitcoin price isn't that stable currently and another dive in price is possible. The guy who bought them before made a good win but this isn't guaranteed at all. |
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sandykho47
Sr. Member
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Activity: 252
Merit: 251
Knowledge its everything
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December 13, 2014, 05:05:19 AM |
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Nobody would invest whole their life savings into Bitcoin
Because anyone still have to use fiat for everyday things
But, i think i can put 5-10% into my life savings into bitcoin if i want to
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Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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picolo
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December 13, 2014, 07:21:27 AM |
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Nobody would invest whole their life savings into Bitcoin
Because anyone still have to use fiat for everyday things
But, i think i can put 5-10% into my life savings into bitcoin if i want to
A lot of people invested all their life savings in Bitcoin... |
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picolo
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December 13, 2014, 11:51:08 AM |
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Nobody would invest whole their life savings into Bitcoin
Because anyone still have to use fiat for everyday things
But, i think i can put 5-10% into my life savings into bitcoin if i want to
A lot of people invested all their life savings in Bitcoin... Really  A lot of people ? If i were them i only put safe amount of my life saving into bitcoin You are not a risk taker and you didn't save much so you don't know what you would do if you were saving and making good money. |
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Raya
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December 13, 2014, 12:06:41 PM |
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It would be rather stupid to invest all of your money into bitcoin although doesn't mean it wont be a wise investment in the long run.
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Daniel91
Legendary
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Activity: 3374
Merit: 1824
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December 13, 2014, 10:34:40 PM |
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It would be rather stupid to invest all of your money into bitcoin although doesn't mean it wont be a wise investment in the long run.
I don't think that anybody, any financial guru can predict what will happen with bTC in a year, two, 5 years etc. It can be great financial investment or great financial lost. Can anybody be sure about this? I don't think so. so, my advice to everybody is to follow this golden rule. Invest money you can afford to loose only. |
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picolo
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December 14, 2014, 12:15:05 AM |
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It would be rather stupid to invest all of your money into bitcoin although doesn't mean it wont be a wise investment in the long run.
I don't think that anybody, any financial guru can predict what will happen with bTC in a year, two, 5 years etc. It can be great financial investment or great financial lost. Can anybody be sure about this? I don't think so. so, my advice to everybody is to follow this golden rule. Invest money you can afford to loose only. No financial guru can predict what and when will happen to any market, stocks, forex, bonds... |
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beaknuke
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December 14, 2014, 01:17:10 AM |
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the amount of people investing heavily into ltcgear and mining is worrying!
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CodingCentre
Newbie
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Activity: 5
Merit: 0
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December 14, 2014, 01:18:53 AM |
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I wish I had the balls to invest all my money into Bitcoin but im still concerned about the price how it is and isnt going high enough for me at the moment im just about breaking even give or take a few dollars.
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botany
Legendary
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Activity: 1582
Merit: 1064
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December 15, 2014, 05:53:10 PM |
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I wish I had the balls to invest all my money into Bitcoin but im still concerned about the price how it is and isnt going high enough for me at the moment im just about breaking even give or take a few dollars.
You will find people who have invested their college money/ money from sale of house into bitcoin when the price was at $600-$1000 and regret it now. Better not to invest more than what you can lose. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3015
Welt Am Draht
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December 15, 2014, 06:00:39 PM |
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I wish I had the balls to invest all my money into Bitcoin but im still concerned about the price how it is and isnt going high enough for me at the moment im just about breaking even give or take a few dollars.
You will find people who have invested their college money/ money from sale of house into bitcoin when the price was at $600-$1000 and regret it now. Better not to invest more than what you can lose. They should be thinking in a 3-10 year time frame. Anyone who put in a big blob expecting a vast payday a handful of months down the line is being naive. |
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LordSonjai
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December 16, 2014, 12:38:49 AM |
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brave enough or suicidal?
You never invest all your money into one category that is rule number 0 it goes without being said.
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deluxeCITY
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December 16, 2014, 12:39:27 AM |
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I wish I had the balls to invest all my money into Bitcoin but im still concerned about the price how it is and isnt going high enough for me at the moment im just about breaking even give or take a few dollars.
You will find people who have invested their college money/ money from sale of house into bitcoin when the price was at $600-$1000 and regret it now. Better not to invest more than what you can lose. They should be thinking in a 3-10 year time frame. Anyone who put in a big blob expecting a vast payday a handful of months down the line is being naive. Well to be fair this is what happened to the price of bitcoin in recent years. Up until early this year the price of bitcoin went almost exclusively up. The price also went up by ~15x last November when it crashed to less then $100 then spiked to over $1,200 in well under a month |
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