Quote from: EdenHazard on October 26, 2019, 05:49:35 PM

Quote from: DiamondCardz on October 25, 2019, 05:05:42 PM

Quote from: Superalgos on October 04, 2019, 12:44:04 PM

If you are anything like me, you've put a good chunck of your savings in bitcoin.

Please don't do this.

If you are one of the people who genuinely believes that Bitcoin will rise to insane levels, you should not need to put a "good" chunk of your savings into Bitcoin. A small but noticeable amount should suffice. Putting in a large amount of money is just exposing yourself to silly levels of risk. Bitcoin could easily crash to low levels tomorrow - not necessarily dying, but it could spend years at a significantly lower level than it is right now, or even permanently remain there.

There's no point in sacrificing your financial security on a bet that Bitcoin will rise to insane levels in the future. Unfortunately the best time to get in was a long time past, and I don't believe in the mantra that "the second best time is now". Invest a small amount if you really believe it will shoot to insane levels - if you're right, your investment will still pay off a reasonable amount, if you're wrong, your financial situation won't be seriously damaged.

I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins Grin

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On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so Grin

You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
But here the thing ... i know it's like gambling but i assure you it is not! I did it with my own analysis, a deep one and long journey before I made the decision.

are you really doing? if that's true, I think you're a brave person, if you sell your house to buy eth. all would say that it's a huge risk if your speculation is not in line with expectations. do you not think about what next if you fail, do you also not think about your family. and when you sell your house and put all your money, where do you live, and what are your daily needs, as long as you wait for the price of the coins you buy to go up to 260%. I myself might find it difficult to do it all, although for example I have speculations that I feel will produce.