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Topic: is it risky to turn all my money to bitcoins? - page 105. (Read 37348 times)

member
Activity: 182
Merit: 10
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Actually Yes, although Bitcoin's price is sky high but Cryptocurrency's volatility is high and anytime it could be collapsed and will turn your money into nothing.
I may recommend 50/50.
Half of your fortune should be kept in banks, 50% of the other half would be for Bitcoin and the other half for Altcoins because ai do believe that Altcoins also have good future.
newbie
Activity: 33
Merit: 0
It is really risky because if you turn all your money into bitcoins then you trust bitcoin that much. We won't know how  and when will it rise or fall so its better for us to play safe because we cannot rely on bitcoin value's volatility. Another thing, turning it to all bitcoins will make a concept in the minds of other users that he/she don't need traditional currencies anymore.
sr. member
Activity: 644
Merit: 259
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I am planning to put about 1,500 USD in BTC as soon as possible )
Even though i am strong bitcoin supporter i really hope that you are not using all the money that you currently have at your disposal to invest in bitcoins, I suggest you invest some and leave some in case something bad happens to the market.
full member
Activity: 224
Merit: 100
This is totally your decision of course, let me tell you one thing that I have been using several years.
Buy while decreasing and sell while increasing.
I have been buying few each period.
member
Activity: 87
Merit: 10
Bitcoin is doing very well at the moment but that being said it's not wise for you to put all your money in Bitcoin. it's very good to diversify and have different investment portfolios so that if one fail you can always make up for your loss with the other ones.
member
Activity: 434
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Bitcoin is not an all-in, cash-out play. It is an investment that requires patience and strategy to lessen the risk of negative profit. Risking all of your money in the current unstable state of bitcoin will only bring tears and regret to you. Play safe and you'll see in the end that planning is really worth it.
jr. member
Activity: 37
Merit: 2
I am planning to put about 1,500 USD in BTC as soon as possible )
sr. member
Activity: 504
Merit: 250
Any investment is a risk and bitcoin is no exception. But it would be better if you did not invest all the money in it and would spend a certain amount
member
Activity: 165
Merit: 14
Yes. Risk will always be present with bitcoin. And yes, it is risky to turn all your money to bitcoin. Though for now i think that its obly a small risk. Because we can see that the trend generally goes up even if there are some fluctuations in its values. Its great to invest in bitcoin but still dont go all out for some factors that can affect bitcoin.
full member
Activity: 224
Merit: 100
No its not risky you should do it so you can change your life to better.
newbie
Activity: 28
Merit: 0
in my opinion it sure is risky because not all people strongly beleive in bitcoin so we don't know if we can use bitcoin in all our transactions for payments in everyday use, but that is for now, who knows maybe in the future it might not be risky to do so anymore
full member
Activity: 339
Merit: 120
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes of course if you dont have any assurance that you can own your money again. In investing here you should be guided by someone who is trustworthy for giving your trust to make him as a guide for you to engage in investing , it is not a joke to out your hadworks into bubbles.
rpg
hero member
Activity: 728
Merit: 500
Yes it is risky.  Though we know that it is best to invest in bitcoin than to save your funds in your bank. but  better not to all in. Always out in mind only invest what you afford to lose..
full member
Activity: 287
Merit: 100
too risky to put all your money into bitcoin because it has a negative impact on your personal life, you should always look at bitcoin prices. Maybe you'll see meaningless numbers
full member
Activity: 546
Merit: 105
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Definitely it is risky. And by now you should be aware that investing in bitcoin is risky and that you should have already accepted that the moment you got involve. Investing in bitcoin and any other cryptocurrency has no real security, so always stick to the saying that you should only invest what you can afford.  But if you can afford to lose all your money that is just sitting in the bank for nothing, you do that.
member
Activity: 232
Merit: 11
It is really risky spending all ur money just to buy bitcoin. u should sometimes have money on your own packet just to make sure that you wouldnt lost anything if ever a huge stumble will come to bitcoin again
full member
Activity: 266
Merit: 105
Of course it is risky! any form of investment has risk, but on these age of cryptocurrency bitcoin is the best investment so far, i would suggest if you really want to turn all your money into bitcoins you should convert some of it into fiat when you get some gain on it in short span of time so you can secure some of the gains Smiley
jr. member
Activity: 66
Merit: 2
Yes, there is a chance that your money will be risky if you turn your all money to bitcoin because we can't trust everyone here. We need to be careful when we do that, but it's impossible that a one person will change his all money to bitcoin. Bitcoin has a high value you can invest here.
Indeed, Bitcoin is a good investment but to turn all your money to Bitcoin is too risky. Bitcoin may be popular and its value may be increasing higher than  expected; but your account can be hack. I agree with you about trusting people. trusting people takes time and not all people here are worth the trust. My advise to everyone is to think more than twice in terms of investing all your money.
Risky but worth it, well still not advisable to put all then cash out some later, plan it now, manage the savings and learn what you really can risk, having btc now as a savings is a good investment.
full member
Activity: 406
Merit: 100
I think it was very risky to turn all of our money to bitcoins because eventhough bitcoin is very trusted and very secured we will not be even sure when there are something to happen in bitcoins so how about our money, we will dont have a money if we will invest it all our money in bitcoin, maybe we should invest our 50% of our money and keep the other 50% of our money.
full member
Activity: 421
Merit: 105
Yes, there is a chance that your money will be risky if you turn your all money to bitcoin because we can't trust everyone here. We need to be careful when we do that, but it's impossible that a one person will change his all money to bitcoin. Bitcoin has a high value you can invest here.
Indeed, Bitcoin is a good investment but to turn all your money to Bitcoin is too risky. Bitcoin may be popular and its value may be increasing higher than  expected; but your account can be hack. I agree with you about trusting people. trusting people takes time and not all people here are worth the trust. My advise to everyone is to think more than twice in terms of investing all your money.
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