is it risky to turn all my money to bitcoins? - page 125.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: cryptolit on November 08, 2017, 09:01:37 AM

Absolutely. For all the reasons mentioned already. You never know what's behind the next door so you have to think if Bitcoin crashed tomorrow, would you be okay? Any investor will tell you to have a diverse portfolio.

that's right, everyone knows bitcoin has a high risk. so don't ever put all the money in one basket. Although it looks very profitable but we also have to think about a loss. because bitcoin price is not always increase.

pinkliar

full member

Activity: 262

Merit: 100

Quote from: Gens09 on November 08, 2017, 08:33:33 AM

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!

for me yes of course. because in just a blink of an eye your money can not be returned anymore if the bitcoin will gonna be shut down in our country let's think wise before we do something you never know what will happen so don't be too assure I know bitcoin is good but it is not wise to turn all your money in btc.

For me its yes also because of that reason too we dont even know what will happen in bitcoin it is really dont have any assurance and thats why i think also some dont like bitcoin is just because it can gives us profit but interms of assurance we dont even know it.

cryptolit

member

Activity: 196

Merit: 10

Absolutely. For all the reasons mentioned already. You never know what's behind the next door so you have to think if Bitcoin crashed tomorrow, would you be okay? Any investor will tell you to have a diverse portfolio.

Nenni

full member

Activity: 371

Merit: 105

I think the risk is very big, because the price of bitcoin is unstable, there are times when the price drops dramatically, there are times when prices soar like now, so depending on the price in the market

Isaacck1

full member

Activity: 244

Merit: 101

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 risky. You can also think of it as putting it all in a bank and still don't know if it's still safe from being bankrupted. As we all know, bitcoin is volatile, yes it is increasing at such a high rate, but we still don't know when will it go down. The best plan is save some in the bank, a well-trusted bank, and save some for bitcoin so it could grow.

danmoris

full member

Activity: 280

Merit: 102

Never place all your eggs inside a single basket!
Or, count your chickens before they hatch!
Always spread your wealth - never narrow your options.
Tongue

Gens09

sr. member

Activity: 434

Merit: 250

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!

for me yes of course. because in just a blink of an eye your money can not be returned anymore if the bitcoin will gonna be shut down in our country let's think wise before we do something you never know what will happen so don't be too assure I know bitcoin is good but it is not wise to turn all your money in btc.

BranZolt

full member

Activity: 196

Merit: 100

it's risky to turn all your money into bitcoin I will not recommend you to risk all your money

Haxor321

sr. member

Activity: 489

Merit: 250

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 is really not commendable to turn all your money to Bitcoin. Why? First because it is viotale. Also, the value of it isn't stable. It changes every now and then. I guess you should part of your money and then invest here and in business for it to grow and expand.

SnowAngeI

newbie

Activity: 4

Merit: 0

Yes it is very dangerous to show everything in bitcoin simply because you would not have any money to survive in the real world i recommend to show the half in to bitcoin and yet another half to nevertheless be able to endure a little bit.

Fear

full member

Activity: 364

Merit: 100

Don't worry! If it is your free money, you can put all to Bitcoin. In long-term, your budget will go up x10. Wink

Qurczaku

newbie

Activity: 12

Merit: 0

Yes it is as everything in what can we invest. Dont get me wrong im not saying that you shouldnt invest and keep all the money in bank account but you must remember that every investment may fail. If I would be in your place half of the money i will invest in many diffrent part of economy and the rest still keep in bank.

well1985

member

Activity: 154

Merit: 10

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's always risky to put all of your eggs in one basket because we don't know what will happen to bitcoin. Put only the amount you can afford to loose.

rb26

full member

Activity: 247

Merit: 101

OPEN GAMING PLATFORM

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's up to you. If you have enough money for everyday living and will not even notice that money in the bank missing then fine, you can do so. You cannot earn in the banks what you can earn with your money turned into btc sitting in your btc wallet. You might even double or triple your money by investing for a long term. Plus an additional tokens from the forks can also add to your savings. But you have to bear in mind that it really is risky. You should do your part to ensure the safety of your coins.

Alexnelepa92

member

Activity: 189

Merit: 11

Personally, I divide 50/50 , calm down when a certain amount of money lying at home, and the remaining amount in circulation, but if 100% of the money pouring in it is possible and it is sad to finish

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: dzhan on November 06, 2017, 06:55:37 PM

Yes it is very risky to turn all your money to bitcoins. Despite the high price nowadays but bitcoin's price still volatile, and can going down anytime, and it will cause a big lose for you . Always try to diversify your investments, and try to invest in some other promising currencies.

People always mention Bitcoin's volatility to try to say it is very risky. I don't get this. If you are holding longer term Bitcoin's volatility doesn't matter at all and doesn't add any risk whatsoever. It only adds risk if you are buy bitcoin but need the money soon and have to sell it soon when the price may or may not be down, but in that case you shouldn't be using that money for bitcoin anyways. And when it goes down you only lose money if you sell. If you keep holding you won't lose any money and volatility doesn't matter.

FIower

newbie

Activity: 4

Merit: 0

you must have an agenda and care to create choices for conjecture. if you have analyzed and observed bitcoin develops of course you should have a conjecture. and that conjecture will decide conjecture. if you have doubts much better dont.

Singletone

newbie

Activity: 1

Merit: 0

Trading can be risky but if you turn your hard earned money into a great deal, I do not believe it is risky just make sure you retain them safe and secure so you will not lose them.

CreamyCrevice

newbie

Activity: 2

Merit: 0

Yes ofcourse it is risky , what happens if btc is prohibited in many country's .Just place in what you could afford to shed.

FoxHound42

newbie

Activity: 3

Merit: 0

Indeed its risky to place all your money in bitcoins. You should place a part of money in cryptocurrency not only to bitcoin. Bitcoin is huge therefore it won't grow too fast but there are more coins which can grow multifolds. For instance ETH, NEO, OMG and so on

Topic: is it risky to turn all my money to bitcoins? - page 125. (Read 37348 times)