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    Author Topic: NO! Do Not Invest all you have on Bitcoin and Cryptocurrencies  (Read 3929 times)

    • alexnambawan
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    August 14, 2018, 03:23:35 AM
     #381
    Quote from: solkinsolali on July 26, 2018, 05:27:16 PM
    I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.

    First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
    Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.

    Mathematically,

    DO NOT Assume,
    P(Success of future term) = 1 ; and
    P(Failure of future term) = 0

    This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

    Invest wisely, only invest what you can afford to loose

    Just a piece of advice.

    What are your own suggestions?

    I certainly would not invest all my money in Bitcoin. I mean because there always should be an alternative or plans B-Z for this kind of living. This is a gamble so  i think we should be more careful from choosing where to land our money

  • dmty.0809
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    August 14, 2018, 07:09:10 AM
     #382
    I agree with you, invest wisely and don't be too greedy, if it doesn't meet expectations, your own life will be destroyed. Better to use your free money.

  • transformt
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    August 14, 2018, 07:32:59 AM
     #383
    very competent advice. do not really need to invest all your savings in the crypto currency Smiley
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  • Taronet-division
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    August 14, 2018, 07:48:58 AM
     #384
    it's too nuts and I salute, but I won't be like that. I will invest my money with the amount that I deem none. to reduce the burden, so as not to get too sick when it is not achieved. although a lot of luck can happen and I believe in luck.

  • LinkinPrak
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    August 14, 2018, 07:55:30 AM
     #385
    Indeed, we should not invest all of our money in crypto currencies. It's very risky because the price of crypto currencies is still very volatile. Plus no party guarantees what happens with your crypto currency. You must be a smart and wise crypto currency player, especially in calculating the risk of each of your investments so you can estimate your losses if bad things happen. You should not be affected by the issue that large investments will generate huge profits but you also have to estimate your ability.

  • MaruAlmen
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    August 14, 2018, 08:00:22 AM
     #386
    If you invest all you have in bitcoin it doesnt guarantee that you will profit from it, the market is so very unstable and we cant predict whether it goes up or down. If you will invest all your asset it will be the doomest day of your life cause no one can guarantee that risk you had made. If you wanna invest, just invest 1/4 of your asset but dont invest directly do your own research and explore howw crypto works.

  • messito
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    August 14, 2018, 08:11:33 AM
     #387
    great advice! really do not need to put everything on the line with the crypto currency it can play a cruel joke with you
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  • wengden
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    August 14, 2018, 08:30:43 AM
     #388
    Yes I would also advise you to hold on to your coins. As of now the market is falling. Wait for the right time to invest. I think before the end of the year. It goes up rapidly.

  • Heleacce
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    August 14, 2018, 01:32:49 PM
     #389
    Invest what you can afford to lose and diversify your portfolio. Don't put everything into one project.

  • Awhore
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    August 14, 2018, 01:39:19 PM
     #390
    My point exactly, it is times like these that you know those who invested wisely or nor. You just shouldnt invest all you have, more than you cannot afford to lose. Although I believe there will be major Bitcoin "comeback" to ameliorate the present fall.

  • nambunamba
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    August 14, 2018, 01:41:36 PM
     #391
    Quote from: solkinsolali on July 26, 2018, 05:27:16 PM
    I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.

    First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
    Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.

    Mathematically,

    DO NOT Assume,
    P(Success of future term) = 1 ; and
    P(Failure of future term) = 0

    This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.

    Invest wisely, only invest what you can afford to loose

    Just a piece of advice.

    What are your own suggestions?
    Yes the courage must be really big, and also put almost all of my money in cryptocurrency, I betting my life here, but i do choose good altcoins to invest, and i expect to get big return in 1-2 years.
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  • hardip567
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    August 14, 2018, 01:53:19 PM
     #392
    Invest in your thesia a little bit Then wait a bit then buy Do not invest your own amount at once You will definitely succeed by doing this.I hope the rates will increase by the end of this year.

  • Masongrae
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    August 14, 2018, 02:02:41 PM
     #393
    If somehow the investments are in different cryptocurrencies  and research was done and the willingness to take the risk to gain or lose is there. Indeed it is admirable. But I also agree that cryptocurrency is not everything, there are other businesses that can be invested too if they will explore and find a business that suits their capabilities.
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  • XiXiMios
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    August 14, 2018, 03:23:24 PM
     #394
    In other words, don't buy just Bitcoin! Or don't buy just one altcoin.  Always diversify!

  • Wish 107.5
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    August 14, 2018, 03:34:08 PM
     #395
    Quote from: hardip567 on August 14, 2018, 01:53:19 PM
    Invest in your thesia a little bit Then wait a bit then buy Do not invest your own amount at once You will definitely succeed by doing this.I hope the rates will increase by the end of this year.
    I agree with you, do invest all your money in crytocurrecy; use small amount of money and hold it until the market gets green. Be practical and do not let yourself to have a big loss.

  • adadaorlina
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    August 14, 2018, 11:17:47 PM
     #396
    It is definitely not good if we will put all of our money into the crypto currency community as an investments. Need to look also in the market situations before investing a huge amount in crypto. Bitcoin is a decentralized technology so probably has value,but one needs to be diversified in his investments.

  • Veterock
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    August 14, 2018, 11:19:53 PM
     #397
    It is always silly to invest everything to a penny whatever successful this investment would seem) This is the first rule of trading))

  • TobMarshall
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    August 14, 2018, 11:25:08 PM
     #398
    I certainly agree, in as much as I believe in bitcoin and advocate for it dominance I won't still advice you put all your eggs in one basket. There are other investments you can engage in. Investment is not increase wealth. So what it goes lower than this, such owner might get shocks in his/her body. Digital currency is good but wisdom is also demanded.

  • South Park
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    August 15, 2018, 04:34:58 PM
     #399
    Quote from: godfredmanu on August 12, 2018, 11:13:07 PM
    It is unwise to invest all your funds on cryptocurrency. As a matter of fact only the amount one is willing to lose and still pay his bills should be committed to cryptocurrency investment.
    People have different appetites for risk, many say invest what you are willing to lose but when it comes to investing we are taking about sums of money that most of the time people do not want to lose, after all people invest to win and not to lose, this is why instead I prefer to think about the risk you want to take and that is the main reason I prefer to invest in bitcoin since it is the less risky of all crypto.

  • fulled
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    August 15, 2018, 04:51:15 PM
     #400
    its not about bitcoin or crypotocurrencies at all, its about how much money you afford to lose, if you can afford if lose in bitcoin and cryptocurrency just do it
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