Topic: is it risky to turn all my money to bitcoins? - page 10. (Read 37359 times)
This anxious feeling can not be hidden so easily and you will have to face the reality. The thing is we don’t know any exact answer for this question with the time being! When we see climbing of the bitcoin then we see that market is getting spiked with huge investment because at that time people are believing into the bitcoin. But the same thing happens in negative ways when bitcoin is dropping down and people get scared a lot. That’s what happening right now and there is no way but to wait and wait for long. So don't panic
On my opinion, it is to risky to turn all your money in bitcoin because if you concentrate all time, money and all effort in one area when it failed, your time,effort and money probably ruined and at the end you realized that you should not have put all your eggs (money) in one basket(bitcoins).
I really believed that we should have a right budgeting in our money and we should not be greedy in any investments that we will be seeing in the internet because if we will become greedy then the chance for getting a lot of losses is very possible just like in bitcoin that is very volatile and in just a few months or even weeks you can become broke because of the fluctuation that can eat all your money.
On my opinion, it is to risky to turn all your money in bitcoin because if you concentrate all time, money and all effort in one area when it failed, your time,effort and money probably ruined and at the end you realized that you should not have put all your eggs (money) in one basket(bitcoins).
It's very risky because bitcoin is very volatile. You should just invest the money you can afford to lose because no one knows how the future of bitcoin will turn. What if you turned all your money to bitcoin and its price crashed and there's an emergency where you need your money. You'll have no choice but to withdraw your bitcoin even if the price is low. And if you do that, the money you left in bitcoin will have little chance to grow. You'll end up losing your savings.
Well, I can't answer this question since I did not try it yet. If someone can provide an answer to this question, could you share your experience in turning your money to bitcoin. Is it risky or not?
This is the most risky thing if you'll be going to put all your money into bitcoin, I am not telling you not to buy bitcoin but atleast make it half of your holdings in bitcoin and half in altcoins. All cryptocurrencies are very unpredictable we cannot tell when we will gained profit from it but at the moment it pump grab the opportunity while you can or hold it until it reach your desired price of selling it.
Aside from it's risky. It's an easy way to lose our money because we only put this on one investment. If we go all in and the price goes up then we will be happy but when it's down. It's guaranteed that we will blame our self for going all in. When i'm new i did that going all in one coin and it's give a bad feeling whenever i see some downtrend and that's why i diverse now my funds in different coins to avoid some losses. If one get lose i have another coins to make.
Never go all in on anything, spread diversify even with crypto invest what you can afford to hold and do not set a timeline only a percentage otherwise you will let your emotions control your decision making whether to hold sell or buy..my 2 bitcoins for what it's worth
Yes it’s very risky, only invest what you are ok losing. Don’t get burned
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Turning all your money into Bitcoin is admirable because you have the courage in taking the risks into Bitcoin. It is not bad after all because the future of Bitcoin is really bright. Though there are many issues now, I believe that the next days will be brighter. Like what you said, rather than putting your money in the bank and just sleep their, why don't you invest in worthwhile things like Bitcoin.
better do not let all the money we have changed into bitcoin because that is feared when we buy high prices and when selling prices down and well is if it already has a lot of money then we need to save some bitcoin as an investment 
This is the most risky thing if you'll be going to put all your money into bitcoin, I am not telling you not to buy bitcoin but atleast make it half of your holdings in bitcoin and half in altcoins. All cryptocurrencies are very unpredictable we cannot tell when we will gained profit from it but at the moment it pump grab the opportunity while you can or hold it until it reach your desired price of selling it.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If I could vote for the best work of the century, I would choose to: "Convert all assets into bitcoin in 2010 ^^". haha Getting yourself rich can be risky and growing, bitcoin is now too potent for entering the market with bitcoin falling three times higher than the highest bid, so it's not. How to convert that is how to earn the most bitcoin, I believe in a short time in 2020 bitcoin will cost at least 1 million usd, cited from MCAFFEE, so my work and you Own as many bitcoins as possible ^^!
Yes it is very risky to put all your money into bitcoin the financial analyst says that don't put all your eggs into on basket because if the basket fall down then all the eggs will be broken it means that if you put all your money into one currency like bitcoin then if the currency fail in the future then your all money will be loos. For all the currency and stock market we have to be able to make a plan B as well because we have to make portfolio and then we will put all the money into different currencies.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Remember that investing in Bitcoin is taking risks. Even if that money is small or large amount, still you need to take risk. On your case, I don't advise that you have to invest all money in Bitcoin because the market is not stable now. It is worrying that the price of Bitcoin is dropping and hardly recover for the past months. Therefore, keep your decision wise and think carefully.
this is not necessary because remember bitcoin does not have a fixed price but if you want to invest into bitcoin no problem that is buy cheap and sell at high price and it depends on each of us 
it is very risky when investing all your money in anycoin. that is not investing, that is gambling. you should choose a portfolio with 3 to 5 coins to invest.
The first rule about trading is to risk the amount of money you would afford to lose. Dont forget this rule and you will be just fine mentally and physically.
I think the term "risky" is not appropriate to use when you are going to invest on bitcoin, in my opinion, because you could surely assume that you would get a huge profits when it PUMP, and just HODL it when it is in the DUMP state, simple as that. What is risky for me is Trading, but again, you could surely assume that you could get profits in Trading if you are going to dedicate some time on it, but if you are not going to, then don't do Trading in the first place.
It's risky to transfer all of your money to bitcoin. But the benefits and risks coexist.
If you just put your money in the bank, it's a little bit of a benefit, but it's safe.
If you just put your money in the bank, it's a little bit of a benefit, but it's safe.
It is really risky to put or invest all our money in Bitcoin. The wise decision in investment decision is to invest in several types of business. This means , we diversify Business Risk. When one business activity get loss, may the other can get profit.So these two different investment decisions can support each other. In conclusion, Don,t put all your money in Bitcoin but we may share or diversify risk in several different business activity.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is very risky. At the present time, the cost of the altcoins is very difficult to guess. Even those who have been in the crypto market for 2 years are still panicking. I really worry about the crypto market. Currently I am hosting $ 90000 for the altcoins. I do not know whether I should sell everything or keep it. This is really a difficult math problem. But I advise you not to invest too much money on any altcoins. That is very dangerous. Jump to: