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Re: Should I convert my savings into Bitcoin?
by
Mark02
on 27/10/2016, 23:20:17 UTC
I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?

No, you're thinking the inverse from reality. Why? Because if you buy bitcoin now when price is high. There is high risk of loosing money since is price may or may not continually go up and soon it will dump. So, if you are planning to invest your savings, make sure to buy when the price of bitcoin is low so that, when it pumps. You can earn money from it. Plus, just invest what you can afford to loose. Investing involves risk of loosing money so before you invest your hard earned savings. Make sure to have a research first to minimize this risk.