is it risky to turn all my money to bitcoins? - page 129.

harbin55

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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!

very risky my friend
it will blow your mind and heart if all your money you turn on bitcoin will gone
this is like a gamble you may win or lose
for me just invest a 30/50 % of your money in long term investment here so you just wait may make a good profit on future ^_^

taiwww

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It is always risky to invest your all money at one place.
And that risk increases when you put all your money in volatile currency like bitcoin.
If you see bitcoins history charts it has fallen 20% in a day. Bitcoin is a decentralised currency backed by nobody.
Banks are backed by governments so relatively less risky.
It is advisable to keep some money in bank so whenever you need cash you can withdraw it from Atm.
If you have more risk more profit set of mind then bitcoin is the best option, you can invest in bitcoins it will give you more returns than any other currency .

STRAKS

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Definitely. I would never advocate investing more than you would be comfortable losing. Having said that though, it also depends on your level of risk aversion. How much of a risk taker are you and how does that affect your emotional state? Things to consider.

sehanmaxx01

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There is no set laws in any country related to it. Moreover its heck of volatile. Roll Eyes

vintages

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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!

It is not only risky but it is highly risky to do so in bitcoin and any crypto coin. In cryptocurrency business or investment, it is best to do business considering the probability in it.
Before putting all your money in it, you should ask yourself these questions;

1) what if I didn't gain much from my investment?
2) What if my wallet was hacked and all my coins was stolen?
3) Can I really wait for long as the price of bitcoin to receive my profit? (This is because the price of bitcoin might not grow as expected)

YouKnowMe

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Yes, that would be very risky, any investment is. Invest only what you are prepared to loose. Don't put all your eggs in one basket.
Read more on the upcoming events that might affect the price of Bitcoin, that will be your guide to predict where your investment is going.

kchowRocks

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Quote from: terrific on October 05, 2017, 05:20:39 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!

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

Industry experts suggest investing 5% of your hard earned money in each quarter to minimize the risk as opposed to putting all money in one go.

Mukulislam

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I think risky because if bitcoin value will decrease then you you will fall in a big loss. If bitcoin value increasing daily,So you will get big profit.

iqlimasyadiqa

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Quote from: Tahsin Kabir Kollol on November 03, 2017, 08:30:43 PM

Bitcoin market is as yet unpredictable and in this situation ,it is not a wise step to turn your all money to bitcoin.The price of bitcoin can fall any time and it will take time to raise .Invest in bitcoin is a long term investment.If you want to earn from it ,you will take patient.So it is not a right decision to turn your all money to bitcoin and it is risky.Because man needs money any time and spend all resource for investment is not a good idea.

Bitcoin price instability that makes some of the results we get is not satisfactory. Sometimes When the price is Rising it could suddenly decrease drastically. But I think Bitcoin not only we use as long-term investment, If we are smart to take momentum then Bitcoin can be a very profitable short-term investment. With So the results that we can be satisfactory because at any time we can benefit from having to wait too long without any clear certainty.

ethereumwhite

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Quote from: jatin729 on November 03, 2017, 07:47:57 PM

Yes it is very much risky because bitcoin is decentralized currency and we can't predict the country govt. Mood about bitcoins, and one thing more bitcoin is not stable currency. So Stay away from turn all money to btc.

That's always what I thought... Cry

Tahsin Kabir Kollol

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Bitcoin market is as yet unpredictable and in this situation ,it is not a wise step to turn your all money to bitcoin.The price of bitcoin can fall any time and it will take time to raise .Invest in bitcoin is a long term investment.If you want to earn from it ,you will take patient.So it is not a right decision to turn your all money to bitcoin and it is risky.Because man needs money any time and spend all resource for investment is not a good idea.

GorillaDental

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of course it's risky....you're taking a risk it won't work out, that's risky by definition, right? Fortune favors the bold, they say. They say a lot of stuff, though. Best to risk no more than what you're willing to lose...don't risk so much that losing it will make you desperate and depressed. Invest in the future you but also protect the future you...chances are you'll be around for a while!

jatin729

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Yes it is very much risky because bitcoin is decentralized currency and we can't predict the country govt. Mood about bitcoins, and one thing more bitcoin is not stable currency. So Stay away from turn all money to btc.

Cinemo

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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!

Based on my research that bitcoin price or value is not stable so if you invest in bitcoin you should need to take the risk because its to dangerous for that but if you have a faith in bitcoin price go invest your all money ang get huge money someday.

AltCoinProject

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BitCoin does not have any balancing mechanism, so it is not stable and risky all. people are responsible for their own decisions.

HEWRA

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Obviously it is extremely risky, you cannot expect that doing that will be a good move. There are many scenarios that can occur, however i still think that buying a lot of bitcoins to just hold them is a really great view for an investment.

For now, it looks not so nice because price of the bitcoin has exceeded 7000$ per one, so it is all time high! To be honest, i would prefer to wait for some time to see some price drops but still i would not convert all the funds i own on the bitcoins: it is just so god damn risky!

vinz7229

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Definitely Yes!!! All kinds of investment is not advisable to put all your assets, because you don't know what will happen in the future it is very risky, but their is an option that you are rest assured that your investment well gain profit after the maturity of your investment which is the bank, because banks has the control to secured all their investor assets. Unlike investing in bitcon it is very unpredictable when it gonna be up and down, so it is not advisable to invest all your money in Bitcoin.

South Park

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I am terrible at Fantasy Football!!!

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!

Bitcoin is giving great profits but even if that is the case to deny there is a risk it would be a mistake, while I want bitcoin to keep going up I’m realistic and know that bitcoin is not always going to do that and if you buy when the price is too high then you will needed to hold for months just to break even.

foxydoxy

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Ofcourse!! You should not put your all eggs on the one basket, and this is the first rule of investment! keep buying BTC and invest on Altcoins that has potentials. Also you can invest on ICOs. Nowadays they are growing and are the best place to invest. BAT and other similar ICOs proved that they can be a good alt for BTC as well. Future is on companies which are go on ICOs. You can take a look at Gilgamesh Platform, they have awesome idea that I believe they will grow fast, they want to build a book social network and remove the middlemen from book industries. They are not scammers they really want to help authors and readers to get rich and spread the knowledge entire the world.

ice098

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Quote from: Omega Weapon on November 02, 2017, 10:46:32 AM

Quote from: dg2010 on October 29, 2017, 11:28:32 AM

I think you should spend 50% your money to invest in Bitcoin. If you turn all your money, it is very risky. The rest money, you can buy altcoins or invest in the Stock market.

Investing in altcoins and investing in the stock market is even more risky, bitcoin has volatility greater than the stock market but the stock market is filled with money printed by the governments to artificially make it to go up, they are in a bubble and at some point it is going to crash and when that happens a lot of people that had their savings invested there are going to lose all the money they have saved during their lives.

Yes maybe you should divide it by 2 part, half for your investing and the other for your savings. And the advantages of having saving is you can get it everytime you want or use it in case of emergency. And the advantages of investing is you can have high profit and make it an additional income through invest some cryptocurrency.

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