is it risky to turn all my money to bitcoins? - page 116.

Chienna

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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 it is risky but you need to take the risk for you to achieve the success that you want. It is risky because you do not know when is the time that bitcoin will rise or fall. Bitcoin is volatile so it is risky to turn all your money but if you want to earn a lot it is the right thing to do. So better to get the chance now than never.

ekkoadmiral

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i think it is risky not small, but sometime the risk can help you success. When you accept the rick, you can have many money or nothing.

Dr.Osh

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maybe it will not be a risk if you buy it when the price is down. Well, for now, maybe the risk you get is small. and of course it can make you profit if bitcoin prices go up. I'm sure the bitcoin price will go up at the end of the year.

Waleed rose

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The Bitcoins is the only cryptocurrency who's prices are going higher and higher rapidly and its seems that the next 100 the Bitcoins could be easely survived so the idea of converting all your money to Bitcoins is good because you could also use your Bitcoins as a cash but the Bitcoins is more safe then the cash so you should convert all your money into Bitcoins.

DoublerHunter

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Quote from: Glorypaasa on November 13, 2017, 08:29:00 PM

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!

Sure that bitcoin is risky so if you turn all your money here in bitcoin it is a big risky because tha value of bitcoin is not stable compared to others but dont worry if you believe in bitcoin i think you will get a huge of money someday.

It is better if he will just pull out the amount or the percentage of money that he can't afford to lose so he will be safe for his investment in bitcoin because bitcoin is very risky but if he can afford to lose all of those money then it is alright for him to turn all his money into bitcoins but just always stick to the saying "Do not put all the eggs in one basket".

Honest Tim

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Investing All money in bitcoins is not right. As bitcoins is also like a gambling. Here in bitcoins prices fluctuates a lot you never know when your bitcoin price drop,. Above all the whole concept of bitcoin is a virtual concept. You don't have any physical proof of their existence. Even daily new scam take place which is also a trouble in bitcoins, as all information is present on Internet, there are chances that hacker hack your account and steal your bitcoin and you will not even able to trace them. I think one should only invest the small portion not all the money.

sharm2121

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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 to turn all your money to bitcoin. What if the bitcoin does not exist in the philippines?or in other country? your money will be lost and you have nothing Sad

belalangsembah

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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!

do not all your money change to bitcoin, it's too risky, better some of it and others you can use for other investments, bitcoin is now a trend of many people and is a much sought-after digital money

Glorypaasa

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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!

Sure that bitcoin is risky so if you turn all your money here in bitcoin it is a big risky because tha value of bitcoin is not stable compared to others but dont worry if you believe in bitcoin i think you will get a huge of money someday.

zynan

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Yes, its risky, have you heard what everybody always say? "Invest what you can afford to lose". So, its mean we don't have to invest all our money to bitcoin, we don't really know what will happen in the coming days, what if bitcoin will lost its value, then all your money will be gone as well, so just invest in a small amount, then you'll just have to wait till it grows then you'll gain profit.

semutracing

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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 you are too brave to take risks to change all your currencies kebitcoin, now it is very high bitcoin value and much sought by the global community, but the value or price of bitcoin can also go down at any time without predictable first

akishang

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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 but if you time it perfectly, I think it will become a good invest. Buy bitcoins when the price is low and then sell it whenever you felt the you have earned enough money. Repeat the cycle multiple time and you will financially secured in the long run. That's what my friend has done few years ago when bitcoin price was VERY LOW. According to her, there are still cheap coins that you can buy, all you need to do is to learn the trading and it's all up to on where you want to invest.Your money is safe in the bank however, it will never increase. A bit of gamble is needed for your money to grow. LOL

care2yak

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there is always a certain degree of risk attached to any action you make. with money, it depends on how high your risk tolerance is. if your tolerance for risk is really high, then perhaps you can do just that and still be able to sustain your daily living activities. but for me, if you turn ALL your money to bitcoin, then that would not be wise. still it's all up to you. Wink

Erlinda Santiago

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It so risky because bitcoin is not permanent money what if it is remove in society what will u do in ur bitcoin so dont turn ur money in to bitcoin u dont know what you done

waltermark742

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Are you planning to use bitcoins for all of your transactions as well or just investment?

deviant99

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Every investment is a risky situation, we should know there are a lot of possibilities that will happen when you invest on something. Just in bitcoin, we should know the cycle or the regulation on bitcoin in order for us to be successful in investing in bitcoin.

Nakakapagpabagabag

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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!

All of people who are related in business is totally in high risk event in your life because investment is not a small thing but it can be change your mindset when you are making some money. What if you invest your money in some investing company and after all you give all you have, they will gone and scam you. It's hard to trust anyone in terms of money because money is powerful than people. It can cause people changing mindsets, plans in life and many more. So be wise to think any decision to make a better life.

drm

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To be honest: If you ask that question, you haven't done your homework. Bitcoin / cryptocurrency in general is a HIGH RISK investment. The market might change in a very short period of time and if you don't watch the market, everything can be burnt in a matter of minutes.

The money that goes into bitcoin should be "play money" and you have to be able to afford a complete loss.

Well you can bet your ass that there's a whole lot of money in bitcoin and crypto in general that's not play money Grin

coinholic

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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!

Of course it is! Never place all of your eggs in one basket! Never gamble all of your funds in just one investment! It’s just not wise that way. We can never say exactly what will happen in the future. Yes people may be earning from Bitcoin, but it is better to be smart than greedy.

Adrazan

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It's very very risky the future of Bitcoin can't be predict so it is advisable to use partly of one's money

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