is it risky to turn all my money to bitcoins? - page 127.

Dannaey

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Quote from: lesfrigosa on November 06, 2017, 04:21:20 AM

Yes it is risky unless you have a lot of money and then you can spend it how much you want i would not put all in to bitcoin because if it fails you will regret it every moment i would put 50% in it and keep the other 50%.

Yes true. All investment have risks. And we do not know what future of the Bitcoin is though there will be a large chance that it will have a positive future. We never know. So put just money that you can afford to lose.

backedbyscience

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It depends not all options can be suitable on every situation
If your country is widely accepting bitcoin its not risky infact its a smart move to make because bitcoin is really flexible hence the situation is different when your location is not yet bitcoin supported

cryptodyn

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I would never put all my money into BTC. Would you do it with gold?
As you probably know, never put all your eggs in the same basket.

Kurokonobasuke

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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!

Even if th3 market value of Bitcoin is continuously increasing at this point that it is already expensive, it is still risky in my opinion. Bitcoin is still volatile and there's always a probability that its market value will fall anytime so turning and converting all of your money will be risky because it wilk also be technically an investment.

Greasysprite

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Quote from: lesfrigosa on November 06, 2017, 04:21:20 AM

Yes it is risky unless you have a lot of money and then you can spend it how much you want i would not put all in to bitcoin because if it fails you will regret it every moment i would put 50% in it and keep the other 50%.

I agree i think that it is very risky to turn everything into bitcoin because then if bitcoin ever would go down in value you will lose all your money and will become homeless. So i think that it is smart to have a bit of your money turned into bitcoin.

lesfrigosa

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Yes it is risky unless you have a lot of money and then you can spend it how much you want i would not put all in to bitcoin because if it fails you will regret it every moment i would put 50% in it and keep the other 50%.

bitcoinveda

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better convert to USTD and once bitcoin falls u can buy bitcoin with USTD

Frost149.6

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Of course, it's risky any investment is paired with risk of loss. I think you should wait until the value of Bitcoin is raised to it's maximum.
When it's maximum as you have predicted, but you shouldn't convert all the Bitcoin into money some of Bitcoin you should save in case there is more increase in the value of the Bitcoin.
And yeah you should do some research about the increasing value of Bitcoin to predict your maximum value of Bitcoin.(Note:- I said to predict).

prlelbnwh

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You should stop thinking about it.If you've already done so, I suggest you cash most of the bitcoins.Because most of the countries in Eurasia are much more stable than bitcoin.Bitcoin is supposed to be a good investment product, not to convert all its money into bitcoins, which requires a lot of tolerance.

Vladcrypto20

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Hey guys,

With bitcoin going up 3k for the last few weeks, does that mean that there will be a sudden surge in the price of bitcoin and a lot of money being lost. I am saying this right now, because a lot people can get scared from little things like Geordan Belford saying stuff like ICO`s and cryptostuff are an economic bubble. Can we trust the general public not to get scared or is this currency doomed to fall?

sheamus10

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Quote from: Keeping Up on November 05, 2017, 11:17:59 PM

Of course it is.
The chance of gaining a lot from bitcoin is a lot but also the change of losing it is also inevitable that is why i advice my friends that if ever do invest with bitcoin they must only use what can they freely lend and not anything more.

Investment in bitcoin must be limited if you do not want to get bigger risk like loss. Maybe you can invest 30 to 40% of the money we have, if you do not want to risk it.
At least we can anticipate it.

markk94

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there are many people that said it is risky to turn all your money to bitcoins because of unstable prices, yeah im agree to that opinion. at least you have some fiat urgency backup so you not counted as bankrupt if all of your money is gone/ massive loss.

gambitcoin53

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of course it is risky, any investments are paired with risk. dont put all your money in one place, btc for example, the rates are rapidly changing, now is a good time to invest, but who knows tomorrow's rate will be. you can invest your money in other cryptocurrency, just dont focus on one coin.

Keeping Up

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Even in a normal investment such as stock market.
It is very risky to turn all your money into it. One wrong move and you may lose everthing. And thos is also true with bitcoin, you cannot put all your money on it. Just invest what you can freely lend.

moudazhang

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I think bitcoin is very safe, at least for now, this way of existence is the safest one, so I think you should rest assured

Gondwanaland

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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!

To turn all your money in bitcoin is a risk, but you need to do it for you to earn than make it decay in bank and do nothing. Taking the risk is part of our life for us to be success. We all know that in time we make our money be bigger if we turn it bitcoin but we need toke the risk than nothing happens.

zhopas

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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!

Yes it is risky, but you need to take the risk when you convert your money in bitcoin. On the other hand when you convert it you need not to convert all just have a safety money for you to be safe. BItcoin can make you money double but you don't know when it rise or fall so you need to take risk for your sake.

Bitcoininvestment

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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!

Yes it is risky to turn all your money in bitcoin. It siky because you do not know when the bitcoin will rise or fall. Bitcoin is volatile which the value of it is not constant. But you need to take risk than nhave nothing. It make your money double or bigger than before but you need to face the result of it even it is negative nor positive.

Domenc

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Yes , it is risky to convert all the your money into bitcoin
The value of bicoin keeps increasing and decreasing . In this scenario it is hard to know when one is going face some heavy losses . But on the other side it can also turn out to be highly profitable. So using some amount to invest in bitcoin is good to be on a safer side.

Nivir

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I think Bitcoin potential is still too high. But still it is not advisable to put all your eggs in one basket. Why not diversify it. Maybe half into Bitcoin and the other into other promising altcoins or just put it in your bank account for emergency purposes.

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