Post
Topic
Board Trading Discussion
Re: did you put all your money into bitcoin?
by
Khazeter
on 17/10/2016, 16:45:12 UTC
Same here i put my money into bitcoin since year ago and now i am making a profit.. i am still not satisfied for the price today and block halving is not done yet so i will wait more days after block halving before i sell my bitcoin so that you i can make more profit..
Never put all your money into the bitcoin because what if the price falls to the bottom and all of your money is into the bitcoin i dont think you will get back anything of that
because everything is lost.

Correct. You should follow what experts commonly agree that in terms of investing, you need to diversify your portfolio so as to mitigate the risks. If you only place all of your eggs in 1 basket and that basket falls, then you lose all of those eggs - compared to placing all of your eggs to different baskets and if 1 or 2 will fall, you still have many that are up and earning you some money.

Those experts will just transfer your money to their pockets by providing advice. Do not trust them.