is it risky to turn all my money to bitcoins? - page 117.

Mapagmahal

copper member

Activity: 772

Merit: 500

Quote from: pratik009 on November 13, 2017, 03:44:42 PM

Yes it's risky to turn all your money to bitcoins.bitcoin is king of cryptoworld but it's price fluctuate too much.And anyone don't know when the price will increase or decrease.so I suggest you to invest your half of money or 60% into btc.beacause if you invest in btc and the price will go down then still you have enough money to do onther investment.And if the price will go up then it's too much profitable for you.

Not only to bitcoin but for any other investment. Putting all your money in one investment will put your investment in danger because no one can tell if your investment will grow or not. Even if they are risk taker this is not a good move but if they insist of putting it all in bitcoins then it's ok as long as you don't mind loses and you just trust your investment in bitcoin to grow.

conceivedspoon2

member

Activity: 378

Merit: 10

Yes. Life itself is risky. It is a high risk to put all your money in bitcoin or convert all to bitcoin. Yet, the higher the risk, the greater the result. If it goes your way, the result is as sweet as honey. so, i advice that you buy some and keep small fund in any other business venture.

pratik009

full member

Activity: 365

Merit: 108

Yes it's risky to turn all your money to bitcoins.bitcoin is king of cryptoworld but it's price fluctuate too much.And anyone don't know when the price will increase or decrease.so I suggest you to invest your half of money or 60% into btc.beacause if you invest in btc and the price will go down then still you have enough money to do onther investment.And if the price will go up then it's too much profitable for you.

Xtra_Coin

member

Activity: 140

Merit: 10

Blockchain Identity Verification

Do not invest more than you can afford. Unfortunately, in investments there is a risk of losing everything because of unforeseen circumstances. Therefore, invest that amount that you are ready to lose.

wledgewil

member

Activity: 322

Merit: 11

Its all based on the managing things and a planning.
If you are having financially supportive parents and assets then i would recommend you to invest 75% of your money in bitcoin and 25% for your managing things.
Once invested never fear for the bitcoin price when there is a price fall reason behind the price may fall for a while but the falling price will not be the constant and the increase in price is ultimate, reason behind when i started analyzing bitcoin it is $612 that time i am very new and just thinking how to earn bitcoin with apps through sathoshis by the time i used to get few amount of sathoshis the coin rate started increasing so rapidly then first i started investing my pocket money and found results later part suggested my parents with proofs they does tasted its profits. So take my experience and step forward there is nothing we get in return storing money in banks they just throw small money on our faces treating us like beggars and they do business with our money.
That is the main reason even banks do fear for our crypto currency bitcoin. Step forward and reap with success with a proper planning.

Ingoats

full member

Activity: 518

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!

It would be. Turning or converting your money on Bitcoin also means that you invest in bitcoin, from that, any form of investment involves risk, and in the case of Bitcoin which is volatile, there are chances and tendencies where its market value will fall and that's the downside. Also, Bitcoin is not yet legal to most of the countries and it will limit you as a user on using it as a currency.

TIDOVEE

sr. member

Activity: 1246

Merit: 255

Hmm! Its not advisable to put all your money as bitcoin, any thing could happen. You can better trade with it to be at a safer side. If your money sits in the bank and is secured, its better . whatever could be wrong the bank would be responsible for it,unlike bitcoin. For bitcoin you are on your own.

barabut

full member

Activity: 224

Merit: 100

All time my investment strategy is to make diversification, never put all eggs in one basket even if something happen that I can not foreseen.

smauni

copper member

Activity: 484

Merit: 110

Yes it is too risky to invest all your money in bitcoins. Because it's not a real currency, it's a online currency. Also it's do not have any fixed price, so any time it canbe go up or came to the down. For that you money will be in huge risk. So devide your money and invest a % of your money in bitcoin for long term.

Pa1n

member

Activity: 294

Merit: 10

JOIN THE NEXT MEGATREND IN CRYPTO!

Its risky move but if you understand how to invest BTC you will gain good money . But i think not turn all money cut in small pieces and turn to BTC.

Oasisman

hero member

Activity: 2716

Merit: 552

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!

Thats a very big risk putting ALL your money to bitcoins. Well, investing btc is like gambling, you cant always win. Its volatility is the biggest risk of all time. I know you want your money to move even just a little percentage of interest, but putting all your money is not a good idea, why not just put lets say 40% of your money on btc. Invest what you can afford to lose.

pushups44

sr. member

Activity: 854

Merit: 281

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!

Absolutely. It is risky. Any cryptocurrency is highly speculative at this point. If you are concerned with low interest rates from savings, you can always put your money into the stock market or other higher-yielding investments. Diversification is key to minimize risk.

Raisul Islam

newbie

Activity: 99

Merit: 0

it's a bigg risk i think in your life.bitcoin price up and down anytime .if u convert your mouny into bitcoin then bitcoin price falling down.you face a huge
loss this time .So you should know more about it.thank you.

Faxmate

sr. member

Activity: 1071

Merit: 253

Quote from: PrimeBlackBelt on November 05, 2017, 10:01:07 PM

Please think about this for a minute. It's called diversifying what you invest in. The short answer is YESYESYES.

Well I don’t think so it’s risky but I mean to invest all your money it don’t make sense even if you have too money or you are billionaire so you can do this always invest your little part of amount in bitcoin because bitcoin changes his price in a week and you can get your profit fast so little part of your investment also give you a good profit.

HimJum2

newbie

Activity: 27

Merit: 0

Of course.You must keep some money only to avoid unexpected situations as BITCOIN is not legal in many of the countries.

SHAWN-MIDWAYS

hero member

Activity: 686

Merit: 521

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!

A simple rule of thumb, never put all your eggs in on basket, No matter how good an investment will look let us try to diversify into other projects to avoid losing everything in an event of a crash. Besides crypto investments are usually volatile and risky which is basically not for the faint at heart, but the good thing is you can easily break even within a short period.

Dastramus18

newbie

Activity: 28

Merit: 0

Quote from: Granxis on November 13, 2017, 10:00:56 AM

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

It is very risky to do that because the value keeps changing because it is a unstable coin and maybe one day it will go down in value and stay at a low value.
If that happens then you will lose all of your money. I think that you should only invest a little bit of your money.

hxk451

member

Activity: 154

Merit: 12

According to my advise that in the event that you do that its excessively unsafe that transform your everything cash into BTC simply keep some for your self for your day by day needs, and possibly you have a crisis this can't be overlook since we know the mishaps is whenever and anyplace its alright on the off chance that you don't keep it in a bank they simply mentally program you. In any case don't transform all your cash into BTC in light of the fact that its conceivable to take your BTC of the programmer and all you cash was squandered.

damrianto

full member

Activity: 336

Merit: 100

yes obviously risky .. because the money if made in bitcoin it does not guarantee the safety of your money. if your money save aja a lot of the same bank or hard to keep in your bank just love me with my happy to accept .. he he.

CoinFlippo

newbie

Activity: 29

Merit: 0

Yes it is very risky to turn all your money in to bitcoins i would suggest to put like 50% in it and just wait till it is done because it is very hard if you lose everything you will blame yourself forever with that just go safe and put 50% in it.

Topic: is it risky to turn all my money to bitcoins? - page 117. (Read 37348 times)