Post
Topic
Board Trading Discussion
Re: did you place all your funds into bitcoin?
by
Malsetid
on 26/04/2017, 15:26:47 UTC
I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?

no, we must be wise enough , we should have atleast some of our money in banks, because banks doesnt easily to be disappear and whether we would like to see if our money got An interest, and some of our money we can invest it in bitcoins, because as time passes by bitcoin value gets higher and higher each year so therefore bitcoin is very good investment also.
Of course, Bitcoin is one of the best investments today, Yeah you are right if we don't to
invest all our funds on Bitcoin because it's very risky to lose all our funding if the hack happened.
Hacking is the second point, what about if the price suddenly falls. All your investment and future planning will spoil in one minute. So now it is a good time to make a profit with Bitcoin use the opportunity and make some money. But don't invest all your money in bitcoin and don't make your life in a risk.
In any investments, regardless if it is crypto currency related, no one should invest all of his/her money to execute the risk and to avoid being dependent on one's market. It's better to balance everything. Decent investments are enough to make profit, greediness shouldn't be tolerated.

Right. And that's the most logical thing to do. Even if you're an experienced trader, you'd still be considering the risks and putting all your money in a single place can very well be the biggest mistake you'll ever do with your money. Have something left for contingency. You should always have a back up because thingsndon't always go they way we planned it