Post
Topic
Board Bitcoin Discussion
Re: should i move my ''saving'' to Bitcoin?
by
scarsbergholden
on 04/07/2015, 05:19:15 UTC
So you want one person making all the decisions for bitcoin and you want people diversifying and buying altcoins?  Might be the 2 worst ideas ever...

just the update alert, which is different from having consensus on a specific upgrade about bitcoin, still i'm a partially against the idea of diversificate your money in mnany altcoin, at best i could diversificate in one altcoin only additionally to bitcoin, and that's monero probably

Personally I wouldn't bother with alts. None of them show the promise that bitcoin does. As for putting savings into bitcoin I'd put an amount you can afford or more importantly are comfortable with. I think bitcoin will be a good investment longterm but its certainly not guranteed.
you are doing the best thing.
altcoin market is not for investment IMO, you just have to trade them and get out of any altcoin as soon as you can. only bitcoin is worth investing money in for long term. especially now that the price is low enough that it has nowhere to go but up. but there always will be risks involved with any investment which you have to consider them before doing anything.

maybe using the altcoin market to learn a bit of trading and experimenting based on small amounts is not a bad idea,
then again most altcoins are just ideas for people to see how they develop with in the bitcoin talk community.