Ninjastic
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Board Trading Discussion
Re: did you put all your money into bitcoin?
by
dezoel
on 20/10/2016, 14:15:24 UTC
Quote from: RealMalatesta on October 20, 2016, 01:28:10 PM
Quote from: gabmen on October 20, 2016, 11:59:28 AM
Quote from: gerXhonza on October 20, 2016, 11:53:54 AM
Quote from: freedomgo on October 20, 2016, 11:43:02 AM
Quote from: molsewid on October 20, 2016, 11:34:37 AM
Quote from: frankmb on October 19, 2016, 08:30:44 AM
I just put in what I need at the moment to grow my coins, but I also cash out once I made more.
But the price is too high last months for me to take any big risks and speculate on short term.
Did you put all your money into bitcoin? Don't put all save alteast when you need physical money in emegencies you have some. And that's good when you cash out once when you made profit from your earnings well big risk doesn't mean you can really earn from that things sometimes it just about lucks.  Grin
Put all your money in bitcoin if you want your life to be ruin in the future, bitcoin is an investment and every investment has a chance to succeed or failed and think about this one, what if the outcome is a failure, then you will have a big problem, right?
Exactly, its never wise to put all your money in any single investment either bitcoin or any other, as its a big risk of loosing everything at once if your investment fails in future.
And i don't anyone would actually put all their money in bitcoin. You still need actual money for your daily expenses and bitcoin is not accepted as a regular currency in a lot of countries yet.

That's right we cannot afford to invest all our money in bitcoins as we also need fiat for our basic needs and the fact is we are not sure whether bitcoins will bring profits for us or not in near future.
Correct and I think its always good to diversify your investments by putting your money in multiple products so even if one investment fails you can recover your loss from other.