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Topic: is it risky to turn all my money to bitcoins? - page 120. (Read 37348 times)

full member
Activity: 196
Merit: 103
For me any kind of investisment is taking a risk but what matters is the pourcentage of risk. With Bitcoin the pourcentage is very low but it increases proportionally with the amount of money setted in that investisment.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
how much are you willing to lose, put that into crypto, if you can't lose anything, then don't play into crypto
This is right but at the same time people look at the price of bitcoin and then they think that they cannot wait to invest in bitcoin thinking that if they do not enter the market right now they are going to miss the chance of a lifetime, but when people invest not knowing anything about bitcoin they risk losing their money, that is why it is not only important to invest only what we can afford to lose but to invest only when we have enough knowledge about bitcoin.
full member
Activity: 364
Merit: 100
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if your money just stay in your save and you dont need it for a short term maybe you can exhcnage all of it into bitcoin with some hope that bitcoin price will rising up and you are get profit. but if that you mean "all my money" is whole your money maybe dont do it, because it makes your money in danger
full member
Activity: 345
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes it is really risky. The fact that you're giving a try of something you don't really know if you're always in a good hand. Remember that you're goal is to gain and not to lose. If you'll bet it all and have a doubt in your heart that it might won't word, just don't. Its better not to give a shot on it that regret and blame yourself after you got tricked. It's okay to risk but not all. Sometimes you need to let things happe  as simple and small as it could be so you won't hate it after loosing everything.
member
Activity: 140
Merit: 10
I think it is risky to turn all your money to bitcoins because we know that its value is not constant sometimes it's up and sometimes it's not so it is not practical to turn all your money into bitcoin you have to think of that really hard. But you may still turn your money into bitcoin but not all of your money.
member
Activity: 308
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes if you want to get a lot of money just take the risk or do something  i can say many people become rich just taking a risk to invest in bitcoin or to hold it don't panic just believe believe bellieve that bitcoin is the best crypto in the world.
full member
Activity: 462
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

For me it is. Thinking about your financial needs then there might be a problem. So, the best ways is to leave some for expenses to avoid having problems, especially when needed.
member
Activity: 84
Merit: 10
 depends of your skills and I know that you can invest and earn flinty of money. But are you sure that you want to give it all or use all your money to bitcoin? Can you afford to lose all your money? If you can afford to lose all your money go. But if not don’t do it, just invest or use your money that you know you can afford to lose.
sr. member
Activity: 546
Merit: 250
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.
full member
Activity: 392
Merit: 106
You can turn half of your money to bitcoin but all of money will be risky . bitcoin is so profitable but no one can guranty you that it will always be profitable . it might risky some time because no crypto currency has guranty. Its price may ups and down.
sr. member
Activity: 714
Merit: 260
How can you recover if you will put all your money in bitcoin then suddenly drops down?always remember that theres no 100% assurance here in crypto that your money will gain in as glimpse of an eye.we need to takw time and effort if we want to prosper here
sr. member
Activity: 331
Merit: 250
Personal Text: Blockchain with a Purpose
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it is so risky if you turn all your money to bitcoins. Its much better to convert half of your money so you have some money remaining you need in everyday expenses. It is your chioce if you want to convert all your money and accept the outcome in the future if its income or loss.
full member
Activity: 2128
Merit: 180
that's very risky, if you want to invest in bitcoin, you have to use money that will not be hastily use, so you do not panic to sell it when the price of bitcoin fall,

That's right you will surely face big risk when you put all your money into one investment. Learn how to diversify your assets so you can make sure that no matter what happen you will earn money. Bitcoin is everything for me, but you have to more careful when choosing investment.
member
Activity: 84
Merit: 10
Yes it is risky to turn all your money into bitcoin, however the more the risk the greater the return on your money
sr. member
Activity: 1918
Merit: 370
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 a little bit risky to do that, because unlike real money, bitcoin is only virtually generated which means it's life depends on the internet, while actual money is more accessible and can be used anywhere anytime.
full member
Activity: 644
Merit: 100
In the world of investment or trading must always be followed by the risk on every action we do, it returns to each of us as a trader or investor in managing these risks in order to become a profitable opportunity. Investing all our money is a big risk if we make the wrong decision, my advice "do not keep all the eggs in one basket" to anticipate when the worst thing happens we still have eggs in another basket.
full member
Activity: 420
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes it is pretty much riskier than you thought, knowing that all of your money, that would be ridiculous. If you are going to invest in bitcoins or buy bitcoins do not invest all of your money, because what would you used to buy foods in the next days if you invested all of it into bitcoins. And what if bitcoins value became worthless after you spend all of your money in it. A lot of things van happen, so we better have another plan or a back up plan. So I advice that just spend at least a half of your money then gain money again then spend a half of it just do not spend it all, think about the other things that you need to spend your money on.
member
Activity: 490
Merit: 11
i think using all of my money to invest in bitcoin is very dangerous, because bitcoin is very unstable, it could bring you a lot of money if you dare to invest your money in bitcoin, but no one can guarantee you will be safe if you invest in bitcoin, because bitcoin is virtual currency so it has the risk that you have to take if you want to invest in bitcoin.
newbie
Activity: 3
Merit: 0
In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins. You need to diversify your investment, speculation should be the least of your investment if you are a sane person.
sr. member
Activity: 630
Merit: 251
Yes, we actually do not know what will happen to bitcoin. Why not invest only half of your money in bank in bitcoin? Just for safety purposes. Your money in the bank compounds but the resulting profit is not that big compared to investing in bitcoin. But still, your money is guaranteed to be safe inside the bank so just convert only half of it.
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