Quote from: Daifotis on September 12, 2017, 12:19:02 PM

Quote from: Bluestreet on September 12, 2017, 09:47:17 AM

Quote from: pop323 on March 12, 2017, 05:41:16 PM

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.. ?

I think it is too much risky to put all your eggs in one basket as in case of a downfall or maybe a ban on bitcoin then you will loose all your money invested in bitcoins and thus your savings of lifetime, you must diversify so as to take less risks.

Bitcoin has great future and we all know that. We also know that someday price of bitcoin will reached so high that we can't imagined.

But even with that expectation, it's not good to me to put all my funds to bitcoin since we need time before we can make profit out of it. How will I support my daily lives if I have no funds left. I will choose to diversify my funds rather than giving it on a single bag.

- The future is still something unpredictable, the future of bitcoin is predicted to be nice but all is predictable, we can not fully believe in bitcoin and put all money into bitcoin, risk can still occur. The rule when investing is never put all the money in one place because if we lose, we lose everything, we can not start again, so we always need a reserve amount to support us when we face the risk. We should diversify investment, do not focus on a potential place and forget about other earning opportunities