Post
Topic
Board Trading Discussion
Re: did you put all your money into bitcoin?
by
izlevinv
on 25/10/2016, 06:39:33 UTC
no i have not invested my whole money in bitocin but invested about 70% of my assets in bitcoin i actually kept some fiat for my daily needs. i think 70% is also a good invest and hope that in return it will also give me good profit.
Of course its a good investment amount and you have even tried very well to put in as much as 70% of your asset into bitcoin investment,this means you are one of us who trully believe that bitcoin is the right currency to invest in. You will surely get good return on your investment in no time.
70%? That's too much for me, I will never do that even with a big confidence that bitcoin will be a success in the future. Most of us are very optimistic that we are going to earn big by investing big, but take a look at the negative side as well as we cannot control the future and the risk of losing our investment is also possible. Remember bitcoin had died, and has recovered so history might repeat itself again.
maybe it is a big risk but the profits if the risk succeed is also needed to consider, there's nothing to lose for me because if price drops all we need to do is just not to panic rather to trade it with alt  coin and start to recover loses and row btc while waiting for the price to rises back and earn much bigger.

If that happens well its really hard to retrieve back our losses, and your mentioned alternatives is yet still so risky that's why i cant recommend to anybody to invest their all wealth on this dangerous currency since flactuation might cost them a lot and we should not try apply oyr fantasy to het rich on instant matter, and although bitcoin is quitely good potential to earn but still we cannot still give our 100% full trust on this currency since it has stability issue.

Yeah price volatility is an major issue in bitcoin and for the same reason people hesitate in investing their money into it as price can go in any direction in future and if it simply falls to extreme level then we would be loosing all our investments if we have invested majority of our money into it.