is it risky to turn all my money to bitcoins? - page 112.

Boseda

sr. member

Activity: 448

Merit: 250

Quote from: frankbitcoin on November 18, 2017, 12:29:03 PM

the real question: is it risky to turn all of your Bitcoin to Fiat? Wink

If you turn your fiat money to Bitcoin, there's always the risk to lose money, but it's more likely your portfolio increase value.

But if you turn your Bitcoins to fiat money, your money will end to lose value because of inflation. No doubt about it. 100% sure.

inoymuninoy

member

Activity: 98

Merit: 10

It is very risky to turn all your money into bitcoin. Because you can't predict if your actions will always a successful ending. Just be wise.

serverus

member

Activity: 238

Merit: 10

I suggest invest some in the stock market and the other is in bitcoin. With that you can grow your money effectively and assuring asset and profits Instead of just putting it in the bank.

frankbitcoin

sr. member

Activity: 1442

Merit: 320

the real question: is it risky to turn all of your Bitcoin to Fiat? Wink

Homaz

newbie

Activity: 35

Merit: 0

the perfect range should more than 10% and less than 50%, as your choice.

Rajatruck

member

Activity: 109

Merit: 10

to put everything in bitcoin is really risky, to invest only the money we are willing to lose, in addition to diversification is the best

JCO05

full member

Activity: 429

Merit: 100

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 do believe that it is indeed risky to convert all of your money into Bitcoin because in that way, you are already investing. Also, Bitcoin is decentralized and is not controlles by the governments so it is somewhat less secured compared to cash or regular currencies which are produced by different countries. I suggest you to convert only a small amount to avoid losing money.

tanginamoo

full member

Activity: 276

Merit: 100

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. There is always a risk on investing. But in bitcoin if you take the risk there is a big chance that you will earn than losing your money. For me, don't turn all your money. Secure your money don't get to risky. Maybe about 80% you invest on bitcoin.

cipher-x_09

full member

Activity: 168

Merit: 120

Definitely very risky for me because what if there is an instance that the government in your country in which you are residing have permanently banned accepting the exchanging of bitcoin then what will to you and your loved ones all of your money would be wasted for good I am not saying that it's not good to invest in bitcoin but at any rate you should not place all of your money in one place because a good businessman knows where to place all his money not just on safebox but on something where it can earn.

nagatraju

hero member

Activity: 672

Merit: 500

Yeah, it's very risky. The market might be very volatile and you might loose some part of your money quickly. You might divide your capital and invest some part of it in bitcoins or several altcoins to reduce the risk.

Loopper

full member

Activity: 616

Merit: 100

Will be a big risk if all your money is made in Bitcoin because bitcoin does not have a fixed price.
This depends on your own choice Wink

amspec

jr. member

Activity: 55

Merit: 10

yes its to risky you only need to invest the money that you can afford to lose not the money that you will need for daily needs like foods

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: osasshem on November 18, 2017, 07:37:37 AM

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!

If it is in the bank yielding nothing, then put in a 70% of the money into crypto or bitcoin itself and leave the other 30% there in the bank for a day to day activities.

Probably at this point that risk would be well received but its not a risk i'm willing to take. I've read about a family who sold all assets to buy btc and right now they probably have earned quite a lot from it. But i don't have that same craziness though. Sometimes the risks earn good dividends for risk takers.

Marileno

full member

Activity: 214

Merit: 101

✔ Crypto portfolio | ✔ Telegram/APP

Not only it is risky but it is fairly stupid and irresponsible. The risks facing BTC right now are greater than ever, and plugging your whole roll into it seems super silly to me. BTC should be viewed as one asset class and part of a diversified balanced portfolio. This is investing 101. If you are a gambler with no fear of risk of ruin (if you go to 0) then go for it. Create a video blog on youtube and document your journey. That way even if you fail, you'll have an audience you can monetize

osasshem

full member

Activity: 625

Merit: 100

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!

If it is in the bank yielding nothing, then put in a 70% of the money into crypto or bitcoin itself and leave the other 30% there in the bank for a day to day activities.

CryptoGoddess

newbie

Activity: 53

Merit: 0

It is risky to go all in on anything in my opinion but some risks are worth the reward. Diversification is key, spread your risks and in that way if one or more things fail there is a chance something else will succeed to make up for any losses you may have made. That said, I think a lot of people wish they'd gone all in on BTC and I am sure those who did a few years or months ago have no regrets.

charlenedave

member

Activity: 159

Merit: 10

If you decide to turn all your money to bitcoin, it would be too risky. As we all know, hackers can interfere with your wallet in bitcoin, specially when they are too good. In bank, they are able to hack account and I think they are able to do it too in bitcoin. My advice, turning all your money to bitcoin is a kind of investment to you, don't turn it all, maybe 20% of your money will do.

nano77

full member

Activity: 392

Merit: 100

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 it's too risky to put all the money into bitcoin because of the fluctuating bitcoin price, it's better to just put a few so that if the loss still has money

Chyton

sr. member

Activity: 322

Merit: 253

If you are turning all of your money into something, I can assure you that it must be risky. Everything comes with risk even bank deposits.
But right now, I think it's a bad time to turn your money into Bitcoins since Bitcoin is at all time high right now.

cammie16

full member

Activity: 462

Merit: 100

BitHostCoin.io

For me the best thing to do is invest half of your money or 1/4 of it to bitcoin then the rest hold it or invest in other things. We are not sure what will happen to bitcoin in the near future so never invest all your money in btc.

Topic: is it risky to turn all my money to bitcoins? - page 112. (Read 37348 times)