is it risky to turn all my money to bitcoins? - page 123.

Owl129

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It is risky, although if you are a person who likes to take risk it is still very risky because as they said bitcoin is still volatile we don't know when will the price gets high but i know in bitcoin there is a high probability that the price will increase but still it's risky so just try to invest a little in bitcoin and later on if that works and you gain a lot of profit then you can take all the risk by investing all your money. Be wise in investing money so you will always gain.

mostcrack

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I do not think it's necessary because if you turn all your money into bitcoin then it will be very high risk. You'd better trade it for half of your money.

DMiracle1

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For someone who is just starting to engage in bitcoin, it sure does. You have to know first the complexity of what you are dealing with. The price of bitcoin is not stable. It has it's ups and downs.
Turning all your money to bitcoin is not a good idea. Worst, if i may say. For starter, invest just a portion of your hard earned money. Fifty percent is somewhat acceptable. Don't you think? But then, prepare yourself to the possibility or the risk that either it's a win or lose situation. You just never know what to expect.
At least you still have the other fifty percent safely hidden in the vault. Be wise.

Babu_Moshai

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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!

Ofcourse isn't it risky! When you have money in Bank and since it is stable, you can trust and sleep! In a volatile currency, it may go anytime

TomUyamot

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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!

There are always risks involved everywhere. This will magnify if we put all our money in a single storage or investment. It is always an advice from the experts to scatter our saving as well as our investments. So I think it would be good to store money through banks and then others through Bitcoins. Bitcoin is much better because the value growth is much much faster as compared to the money in the banks.

finzyoj

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Quote from: Freegan on November 08, 2017, 05:52:11 PM

No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

It is a nice decision of yours and your lucky because you fund your money in bitcoin during there is increase in the price. It give opportunity to you to get high profit but not all the time it will be like that. It is too risky to place all funds in bitcoin because the is a chance that you are loss your funds and its profit.

kendra1107

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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's risky! You should never place all your eggs or tomatoes in one basket as the old saying goes...It is not a wise decision to do so. Only invest what you can afford to lose. At least you will still have something to left to start off with.

swaptaker

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Quote from: Freegan on November 08, 2017, 05:52:11 PM

No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

If you be right in your theory, you can be a rich person in short term because bitcoin is likely to rise. In the opposite scenario, you obtain some loss of money because of bitcoin selection of you. I find it risky anyway.

Freegan

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No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

kimochidesh

sr. member

Activity: 518

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It is not just risky...I think it would be stupidity also. As you know central authorities are still not clear about BTC legalization. If any big country like China, USA, India or EU taken a negative step or make a negative announcement against Bitcoin or crypto, its value can fall like anything.
So INVEST only what you are capable to lose.

Mike Mayor

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It's risky to go all in with anything in life. Make sure your basics are covered. For everything else use Bitcoin. You want have regret. You have to believe in bitch and it as an investment. Always make sure you have a good plan and see the final result. Then work your way back from the final result to where you are now and if you follow through you will get there. This is called forward planning. You figure out where you want to be and then trace steps on how to get there. So no matter what you choose to do please make sure you have a good plan and not just that but you follow through. Don't have self doubt. You must believe in yourself.

tom101

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Yes, but not only with bitcoin, it's always risky to put all your money into a single investment.

jer

jr. member

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There is no risk, but there is a risk of risk. The fact that something unpredictable can happen with Bitcoin is possible, but, most likely, it will not be related to the very technology of production and protection of bitcoin. This will be some kind of side-effect - cardinal changes in the world (war, natural disaster), the global Internet shutdown, the global economic crisis, etc.

shohelalam

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Quote from: ?? on ??

So i did no understand!

Shoold i invest all my money all half?

We All knows about this line, "Don't put all your eggs in one basket" You invest all or half money with bitcoin, it's doesn't matter. It's matter how much you have capability and how much you maintaining your Money management System when you invest your money. Its profitable but not easy its also risky. Because Suddenly bitcoin big down that's time you can't mange your Financial activity if you invest your full money so you have to plan about money management.

Nana21

newbie

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if you believe in bitcoin, then make all your money into bitcoin. because in bitcoin you can develop it like investing and trading. despite having many risks, you have to be smart to do this all.

Cjbrinces11

newbie

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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!

Yeah. It is risky to turn all your money to bitcoin. Everything that we talked about money when trading, mining, converting, buying and selling is a matter of risking your money. So you must be wise and knowleadgeable everytime you use up your money.

judaspriest

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C O M B O

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!

very risky, but worth the profit. so I think you just take more time to learn about crypto and bitcoin.

Lannie25

full member

Activity: 378

Merit: 100

i dont think so because bitcoin is safe cryptocurrency if you buy bitcoin then hold it a few year you will see you will earn money on bitcoin
but you will lose your money if you turn it to bitcoin then give to others your code or account where your bitcoin is

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