Topic: is it risky to turn all my money to bitcoins? - page 111. (Read 37348 times)
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.
In my opinion this is not very reasonable. Bitcoin is not the only crypto currency, and it's better to have a lot of different coins in your portfolio. You can also invest your money in promising projects.
If I were you I would invest in 5 different coins. Yeah the first one would be bitcoin and the rest would be some stable coins which are in first 10 of the list and have real businesses. By doing this you can earn a lot but in the long term.
It is risky since bitcoin's price may go down anytime soon but it's worth the risk also because we know that bitcoin keeps on rising as the speculation of many seems to be working too that bitcoin's value will reach 10K USD before this year ends.
So if i were you, i will go and take the risk of investing in bitcoin and watch my money grows than sitting it on the bank and gaining almost nothing.
So if i were you, i will go and take the risk of investing in bitcoin and watch my money grows than sitting it on the bank and gaining almost nothing.
Cryptocurrency world is so unpredictable, so it's very risky. I do not advise invest all of your money in it. You can try to invest a part, but not all.
It is a risk. There is always risks in any form of venture of value. Bitcoin investment is not really different from any non crypto conventional investment. Anything can happen so don't do it if you can't afford to lose it. Having said that, I advise you manage your risks by spreading them. Don't put all your eggs in a basket.
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Yes it's absolutely risky it would be better to set aside half your money. We do not know what will happen with Bitcoin later even though Bitcoin is currently become popular but that does not mean you have to turn all your money in this currency.
That is partly true as we don't know for sure what might happen in the future and also it makes sense to not put all your eggs in one basket as they might crash and you will loose everything but rather save as much in bitcoin but have something for yourself and family or even get an alternative investment as your insurance should bitcoin fail.
It is always risky to invest or put your all money in one currency or segment. Always deploy your money in diversified tool. Though bitcoin is the most popular and successful cryptocurrency but it risky too. Bitcoin is more volatile than any other currency therefore can suffer a lot of ups and downs. Compared to bitcoin gold and other tools are less volatile and easily cash able.
Yes it's absolutely risky it would be better to set aside half your money. We do not know what will happen with Bitcoin later even though Bitcoin is currently become popular but that does not mean you have to turn all your money in this currency.
Pretty sure, it's risky. Investing all bitcoin you have isn't a wise decision. It's not only for bitcoin, the others too. You don't need to put everything at once.
Yes it is totally risky to put your all money in the bitcoin and make a portfolio to invest your money in three part like one third in the bitcoin,one third altcoin trading and rest of money in the new ico. Because there is one formula "Don't keep all eggs in the one basket".
Bitcoin is just an asset. Asset whose price can fall and grow. From the point of view of money management to invest all their money in one asset is stupid.
It is not a stupid decision to invest all your money in to a single asset, if that asset is not very risky. There are several examples of such assets, such as bullion metals (gold, silver, platinum.etc), United States treasury bonds, bank deposits.etc. But Bitcoin is a very high risk asset and investing solely in it can be a very bad decision.
As of now, it is a huge risk because the value of bitcoin as of now is way larger for you to buy and sell. This is because when it increases only small profit would be generated to your money, very little that it might not be worthy. But if you tried it to altcoins and get lucky, surely you will become rich that you have never dreamed about but there is always a risk in doing so which you should be careful too.
Dont put all money in BTC because you dont know what happens in crypto world exactly. It may rise upto 1 million or may fall suddenly.
Well in my honest opinion, turning all money to bitcoin is risky and taking risk is good but not this much, yes indeed bitcoin price will rise but it does not mean to turn all money to bitcoin, as in daily life paper money is used in buying and selling of necessities, the fact cannot be denied that paper money is also important and is more common in use. full member
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Bitcoin is just an asset. Asset whose price can fall and grow. From the point of view of money management to invest all their money in one asset is stupid.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It may be good option) but it is better to keep part in bitcoins (may be 40-50%), 25% in ETH and other 25% in more perspective altcoins like NEO. 5-10% also can be used for ICO
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is always risky whenever you invest on something especially on bitcoin. There is no guarantee that you will earn or make profit on it unless you are professional who knows what you are doing. Before you turn all of your money into bitcoin you should actually go learn about bitcoin in and out like all of it before you do something like that. If your money just sits in there other way is that you can put it in savings and you can earn from its interests which is not really high but you are still earning bit by bit. If I were you in a situation I would not put all of my money on bitcoin but I would actually put some of it like 1/4 of my savings to try and invest some and see how it goes from there. Hope it helps
You can convert a small part of your funds to btc because to be safe and keep some money to be sure that dump will not affect your month sallary
yes it is 100 percent risky to convert all money to btc as btc is just another form of investment plan in which you can invest some money and earn but its price keep changing so its risky to convert all cash to btc.
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