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Topic: is it risky to turn all my money to bitcoins? - page 119. (Read 37348 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Turn your 100%money in bitcoins and soon it reaches 8k ,turn 30% back to fiat money and hold the rest 70%. That would be profitable to you and better with both crypto and fiat currencies.
Lack of diversity in your investments not only has to do with bitcoin, most people make the mistake of having all their money in fiat or in real estate and that is a mistake as well, you need to have several different investments, if you have gold, stocks, crypto, real estate and fiat you have a well diversified portfolio.
member
Activity: 150
Merit: 44
ICEMAN - SMART CONTRACTS DEVELOPER
It is highly risky to turn all your money into bitcoins. If you were to check recently there has been a fall in bitcoin price it went from 7500 to 6200, and this is going to keep falling. Yes, it will rise but no one can be sure when and how much it will rise. So yeah at the end of the end it is not wise to turn all your money into Bitcoin.
full member
Activity: 378
Merit: 100
There is always risk in different decisions that you made. Investing in bitcoins is also risky because there is a chance for bitcoins to fail. The reason why everyone is keep on investing is because of faith that the value will still increase in the future.
sr. member
Activity: 686
Merit: 282
I guess that money you have is your saving and that you won't need it in near future? I would advise that you buy as much Bitcoins as you can.

Would you really spend all your savings on buying a BTC? At present price is quite risky. The price is +/- 1000 $ is a huge difference. I would not risk it. Unless you have time to keep track of the price ...
full member
Activity: 434
Merit: 100
Yes it is risky, Because even the value of bitcoins today is very high, Still we did not know if it will still bloom in the future but think positively like everyone is doing and continue to support the bitcoins industry.
newbie
Activity: 28
Merit: 0
It is highly risky to turn all your money to bitcoin. Diversify your money, invest in different coins,invest in gold too if need be. Though bitcoin is the future currency but u do not invest all in it because governments are still finding it difficult to accept bitcoin
member
Activity: 168
Merit: 22
its risky but at the same time it can also be wise .
bitcoin price is unpredictable this month it rises when you turn your money to bitcoin and it suddenly down its price youll loose some money but luckily if it rise while you turn it to btc you can have more money. thats why its risky and at the same time its a wise decision .
sr. member
Activity: 728
Merit: 254
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well almost everything is risky here in bitcoin we all know that. If you are going to turn all your fiat to bitcoin, you should make sure first that bitcoin is in good shape so that you can avoid ending up disappointed. The value of bitcoin is volatile and there are a lot of things happening over time and nobody is sure about that, the value may rise for a while or fall down. That's why you should see first if bitcoin is in good shape before converting.
member
Activity: 218
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Bitcoin is known to be a good investment. Turning all your fiat in to bitcoin is not a bad thing. It is a good thing right now since the value of bitcoin has been rising a lot these days but still you should consider timing as an important thing because timing would help you prevent turning all your money to going down since there are instances that the value fall down. If you are going to be careless in this matter you will surely end up disappointed.
copper member
Activity: 882
Merit: 110
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Quite risky. Like whats happening atm. You might've gone crazy over this drama. it is still better that you have something to pull out when everything goes sideways.
newbie
Activity: 42
Merit: 0
Yes it is risky... though we know that it is best to invest in bitcoin than to save your funds in your bank it is better not to all in... as we know bitcoin’s insane volatily makes it riskier... always out in mind only invest what you afford to lose..
full member
Activity: 225
Merit: 107
Yes because when the bitcoins value will be low you money will be low to and when its high your money can high too
full member
Activity: 442
Merit: 101
I think you should not turn all your money into bitcoin. This is quite dangerous. Because the value of bitcoin increases unevenly. If you are determined to invest all you have to be patient and wait for bitcoin. You will face many difficulties and risks. In my opinion, you should invest half in bitcoin while the other half you should send to the bank
full member
Activity: 252
Merit: 101
look at the market recently, bitcoin dumps a lot, though it will rise back later, it still has high risk, especially you pay much attention to the market and you will lose control to yourselt to plan sell high and buy low
member
Activity: 96
Merit: 10
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.
member
Activity: 112
Merit: 10
Investing is good but turning your money to bitcoin is very risky. You must good enough skills and knowledge in investing.
It not just little thing to do. BTC price always change whether it is low or high.
Yes bitcoin worldwide used by individual but you need also to think wisely.
member
Activity: 126
Merit: 10
if you can just invest and forget abou that invested money for a long term like 1-2years, it worth. Bitcoin will eventually rise.
full member
Activity: 195
Merit: 100
"Proof-of-Asset Protocol"
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 it is not risky than other investment in the cryptocurrency world. Bitcoin investment is one of the best investment nowadays. Many people are becoming rich because of bitcoin investment.
full member
Activity: 378
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If you dont take the risk you dont take money we all know money is risk so if you turn your all money in bitcoin yes it is so risky try to invest a half of money and always think before you click so someday you'll not regret.
member
Activity: 742
Merit: 10
if you ask risky , yes its 100% risky
in bitcoin , price can up more or down more
but we must be careful to see the price to get a big profit
i think , you must invest or turn half of all your money..
maybe its safe for your economics
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