Post
Topic
Board Trading Discussion
Re: did you put all your money into bitcoin?
by
JumperX
on 21/10/2016, 16:49:50 UTC
it's a stupid idea to put all your money in bitcoin.
i think better to save our money at some place, not only in bitcoin, because in future bitcoin still hav a chance to fail. and after it we will lost all our money Roll Eyes
Every financial move you make is an investment of some type, for example if you decide to hold all your savings in fiat then you are invested in the fact the government backing that fiat is not going to collapse or anything.

As far as the reality is concern, we can't really take all our sources in just one thing especially on bitcoin.

Yes bitcoin has future but it will take time. If people will put all of their money in bitcoin how come they can support their lives during the time they will wait for profit?  Bitcoin needs time to give people a sure profit. So for now, as a wiser move, put only some portions of their money in bitcoin but not to the point they will give it all.

At this stage we cannot afford to put all our money in bitcoins as we all also need fiat for our expenses and if our investment fails in bitcoins then we would be left nothing in our hands.