Post
Topic
Board Trading Discussion
Re: did you place all your funds into bitcoin?
by
stadus
on 10/01/2018, 07:04:48 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.. ?
You do not have to put all your money into bitcoins. try partially investing, and start trading. By trading you can earn bigger profits than investing silently.
Very dangerous, if you put all your money into bitcoin. No one person knows the future of bitcoin, but everyone always hopes that bitcoin will always go up every day.

Can`t keep ppl out of loosing money.
If you strongly intend to spend some funds for btc (good choice as it is the most developed market so far), my advice would be to buy it by few transactions: buy each week for equal amount. That will allow to get an average price. So, if it goes down you`ll get lower average price, if go up you still get some profit.
If you keep buying you are preparing for your future, bitcoin has a great future so you have a chance to be profitable.
Bitcoin is good for long term investment because if you are not an experience trader, you might easily lose money because of the price volatility.
We might panic when the price dump but if you do long term you can expect the price will rise overtime.