is it risky to turn all my money to bitcoins? - page 109.

lemonscentedbreeze

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think yes, in every investment I think you should always have a plan B just in case your plan A didn't go well. Investing all your money is risky because you leave yourself and your investment vulnerable to emergency situations that may lead you to selling your bitcoins prematurely which may also result to cutting losses or wasted time.

Andria123

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Maybe yes it's risky if your all money will put in the bitcoins,but it is only my own opinion,it is your decision if u will invest your all money in Bitcoin,but all I can say u select the one who is legit and the money wil grow so that u will not fail on it

BY_ATOM

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If we consider bitcoin in the short term, then of course you can play on the course, but if in the long term then the profit is guaranteed!

Ru chin Salcedo

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Yes offcourse all kinds of investment has a tendency to gain or lose...to be safe do not put all to one investment you have..

joshuaj

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If the question is just the risk of turning all money from FIAT to bitcoin, then it should not be a good idea, diversifying always the best to keep your money or investment.

notyours

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes its risky if you put all your money to bitcoins. You didnt know if will your investment is successful or failed but if you know what you are doing and you have a trust to the person or investing site that you invest your money then go for it. You will become successful if you can handle your money or how you can handle the strategy you have to make it grow or have some profit.

arlinxoha

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yes! I think it is very risky to use all your money in bitcoin. Because there are many risks in bitcoin. But there are a lot of benefits. Bitcoin prices decrease once again. It is very unstable. If you use all your money in bitcoin, you can become mentally ill. So you use your 70% money in the bitcoin, keep the remaining 30% in the bank.

car01ine

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Yes it is very risky to convert all your money into bitcoins. The value of bitcoin is not steady or permanent. It changes everytime. There is no assurance that the value of it is always high. It depends on the market.

deve_isreal

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yes it’s very very risky, BTC price can rise or fall at any time. Bitcoin market today is still very volatile, because of many new players here. if you invest your money then BTC price drop down at any time , what are you gonna do? will your hands be strong? from where money for your daily lives if you allocate all of your money to invest.

Qartersa

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YES! Turning ALL your money to Bitcoin is the riskiest decision you will ever make in your life because you are 100% betting your life onto something that may or may not happen. Be wise, and leave something tangible for yourself! Do not go empty-handed by betting all out. It does not hurt to leave something valuable for yourself.

The wisest thing you can do is perhaps to take only a portion of your money to Bitcoin. If you think it works for you, then add more percentage of your money to Bitcoin. That way you will learn how to dance with the music slowly but surely. And if ever you will fall, the fall does not reach rock bottom.

oyoW9Pie8oh

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it is very risky but many now trust in blockchain technology and we can say bitcoin start to be trusted so that i will say trun half of your income into bitcoin to safe your life if big crash happen

Topaz72

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Quote from: Voice-Of-Reason on November 10, 2017, 09:37:53 AM

how much are you willing to lose, put that into crypto, if you can't lose anything, then don't play into crypto

I think it’s something stupid to invest all your money because if you have a lot of money or even you are billionaire so you will not spend your all money in investment and in bitcoin your little amount of investment can give you a very good profit so little investment can give you a huge profit so I believe always invest your little amount.

kucritt

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yes for me turn all of my money into bitcoin is a high risk, you can get lost your bitcoin if you lost your private key, you will get some lose if the price of bitcoin is drop, maybe you can deposit your money in a half for bitcoin

Naoko

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The letting your money sleep in bank is not good at all. But it is also not good to convert all your money into Bitcoin. Because Bitcoin's price is volatile in nature. Anytime it will decrease in value different from what you bought. What if you need money right away and you don't have a reserve in your bank then the price of Bitcoin is lower than what you bought. So that's a loss for you. So better invest money that you won't get for a long period of time. Invest only the excess, not all.

dragonbhai

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Quote from: ?? on ??

have the ability to risks, for me personally what is wrong to try to grow earnings in bitcoin body.

I think you already know the answer to your question. The value of bitcoin changes/fluctuates from time to time and being unstable in nature, makes investing on bitcoin is extremely risky. Secure enough money to provide your daily needs and make sure the money you use to buy bitcoin does not compromise your day-today budget. Investing all your money on bitcoin is very tempting, but you have to consider all possibilities first, before making the decision.

annanava

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

In any type of investment is risky to put all your money somewhere. I won't recommend that at all, because it's luck what will give you a profit. So, what should you do if you want to invest on cryptocurrency? Go to projects like propthereum.io and invest an amount of money that won't happen a thing if you lose it.

P60

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Quote from: Goodday on November 19, 2017, 09:58:54 AM

If I find it very risky, but depending on we can keep our bitcoin account, account security must be maintained and should be more careful. Wink

There will always be a risk to everything you do. And if the case is turning all your money to bitcoin, I think it is really risky. We all know that hacker is everywhere, they can hack it specially when your account is not secured. If I'm going to ask what to do, I will turn some of my money to bitcoin but not all of my money.

vincentallstar

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Definitely yes, it is risky to turn all your money to bitcoin or to invest bitcoin, maybe just some of your salaries but not all. And i am not sure some people spend all money to buy or invest on bitcoin. because all of us need cash to buy on store, its not all the time we need our digital currency. not all store accept that.
maybe just invest 70 % of our money , but be careful some investment companies are scam.

hyet24

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If you use Wellsfargo or Chase. Leave and use something else. Bitcoin is risky but be smart with it. Price that really matter is when you bought or sell it.

Since you don't use the money you can just kept it in Bitcoin. People who said don't do that are people who buy and sell daily. I don't get how you guys lose money. I had Bitcoin in the $2800 and saw that drop to $1800 and now it's $8100. I didn't spend a single Bitcoin. lol

DoublerHunter

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Quote from: bellamae on November 20, 2017, 08:12:30 AM

All investments have risk. Don't pull all your money because bitcoin is still considered as a volatile investment. Its better to separate your investments in different kind of business like banks or buy a property which also have a secure return of investment.

I agree with you. It is better to have a diversification process and separate your money into different type of investment so the risk will not be that high and it will be just lower than the average risk. Diversification is the best thing to do and it should be done for the potential investor to avoid huge losses and to get a good cash flow.

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