is it risky to turn all my money to bitcoins? - page 13.

voron84-05

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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!

the biggest risk is not doing anything)) if we talk about the risk of investing all the savings in bitcoin, it's just not reasonable. It is always necessary to diversify your investments, not to invest borrowed funds and be ready to part with money in case of improper actions))) And ideally to invest in bitcoin for a long period, then it is possible and for a full bank))

ClarksonI

member

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I wonder how we can ask this kind of question seriously ...

siddu67

full member

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Yes,it is risky to turn your all money to bitcoins.Because you know that excess of anything is not good.Similarly it is good to invest in bitcoin but not all the money.Then by chance if bitcoin price decreased dramatically you will face a great loss.So invest in bitcoin but stay in limits.

Sate Jamu

sr. member

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Quote from: bembi on February 06, 2018, 01:27:53 PM

The risk is obviously there, even if you invested a bit of your money in bitcoin the risk is persists but the impact of those risks for you is smaller. But if you invest all your money in the bitcoin the risks you will face become bigger and I do not think it's a good idea

I think to be successful and rich then there should be the courage to take risks, if we want minimal risk then never invest into bitcoin, deposit, gold or stock is safer, but for me bitcoin investment is very promising and I do not hesitate to put all money into bitcoin though I realize this is very risky.

bembi

newbie

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The risk is obviously there, even if you invested a bit of your money in bitcoin the risk is persists but the impact of those risks for you is smaller. But if you invest all your money in the bitcoin the risks you will face become bigger and I do not think it's a good idea

Mbah Djoko

full member

Activity: 419

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Very dangerous and risky if putting all our money to bitcoin, what happens with bitcoin certainly make worries, if previously bitcoin prices continue to rise but by 2018 this is actually bitcoin prices down, and this certainly makes us have to be aware that bitcoin investments are not always profitable and I suggest to wait.

Raisa263616

member

Activity: 154

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No risk no gain i think.If you want to make profite from bitcoin .You have to take small risk.It's not a bit deal.But you should resarve some money for your every day necessary.Because we can't think a small time without money in this world.We need money in our every work.So you should think about this kind of matter.

kanchuka2

newbie

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hi,
Yes it is risky to turn all money to bitcoins.But when you are earning money sometimes you have to take risks.My opinion is that it is better to invest considerable part of your money.When you are trading please be careful to use secure exchanges and site.Otherwise you may loss your money.

daduremi

jr. member

Activity: 252

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but if you just keep it in the bank, your money will not grow
but if you want to invest your money in bitcoin, you should be really ready with the risks
because bitcoin investment has a very high risk

Virman01

sr. member

Activity: 402

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obviously it's very risky, you better set aside some of what you have for bitcoin, do not let everything you have to burn ash if you feel a big loss.

Flickkk

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Bounty Detective

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 risky AF bro.
you can use some of it for cryptocurrency .
if you lack of experience in coming in the world of cryptocurrency you can't produce a good output/profit of what are you
expecting .
trading all you real money to an intangible internet money. it is not a good idea.

bad_apple

newbie

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Yes, it is super risky. Bitcoin is volatile thus it is not stable enough to be trusted with 100% of your financial assets. You must know what to invest and what to save. There are all kinds of danger present in online and offline, such as hacking, phishing, scams, and the like. Also, whatever choices we make, there comes responsibility. We must be accountable on every action we make, so we should be careful enough to avoid regrets in our life. We can invest on bitcoin, but make it some less than half percentage of your income to be sure in case.

sergio red

full member

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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 is risky to invest all your money to bitcoin.an important risk factor for the future of bitcoin is when it will achieve a stable value. stable prices are an important quality of a successful currency. If prices are too volatile, it becomes risk to own the currency, accept it as a form of payment.but you have to remember that all kind of investment is risky.but when you invest all your money there is a probability to loose money.so you invest a amount that you can afford to loose.but this risky investment can make you rich faster than other investment. if you are a risk lover then you can invest in bitcoin.but if you are a risk averse then it is good to put money in the bank and get interest. no risk but you gain some money.

thesmallgod

full member

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of course, it is risky. remember crypto coin is not regulated and just the way you lose money when you gamble you can also lose some of your investing. besides why will you turn all your money to bitcoin?. what will you be spending. you do not have financial budget.

SmokerFace

sr. member

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Yes it is risky to invest all of your money into bitcoins, Just invest the amount that you can afford to lose like 20% - 30% of your money even that you're sure that bitcoin is a good investment and you're sure that it will not disappear soon or destroy and what if you'll stuck on the higher price for about a few months then you need to withdraw your money for emergency purposes? So your trading plans are get ruined because of that.

Tukang Becak

hero member

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Quote from: madgpt on February 06, 2018, 01:28:20 AM

Yes it is! I strongly suggest that you may invest the amount that you can afford to lose. Or you may want to participate in trading. In trading you can generate profit fast unlike holding bitcoin. Holding bitcoin is so risky you didnt know when it is going up or down. In trading you can use trading tools like reading graphs and using trading tools like tradingview.com you can fairly predict that prices and you can also determine which coin is going to pump or dump.

Price prediction is not easy and like gambling that has two sides, one side can be profit and loss, I think we should be proportional in bitcoin investment because there is no certainty and can guarantee that anything can profit. dividing money into different types of investments is a better thing.

claydeey

member

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Investing all your money in Bitcoin is a very risky decision because BTC price do not keep on going up like what happen today the price of BTC and other altcoins just keep on dumping.

Vaculin

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Winding down.

Quote from: madgpt on February 06, 2018, 01:28:20 AM

Yes it is! I strongly suggest that you may invest the amount that you can afford to lose. Or you may want to participate in trading. In trading you can generate profit fast unlike holding bitcoin. Holding bitcoin is so risky you didnt know when it is going up or down. In trading you can use trading tools like reading graphs and using trading tools like tradingview.com you can fairly predict that prices and you can also determine which coin is going to pump or dump.

Trading is not easy, it also requires skills and since the price is volatile there is a big risk whether you are trading or holding long term.
Whatever you choose, you have to ensure you have the necessary skills to help you make investing or trading as your long term journey that you
can make a consistent income.

madgpt

newbie

Activity: 38

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Yes it is! I strongly suggest that you may invest the amount that you can afford to lose. Or you may want to participate in trading. In trading you can generate profit fast unlike holding bitcoin. Holding bitcoin is so risky you didnt know when it is going up or down. In trading you can use trading tools like reading graphs and using trading tools like tradingview.com you can fairly predict that prices and you can also determine which coin is going to pump or dump.

KesoNie

copper member

Activity: 672

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Quote from: Crash21 on February 05, 2018, 02:21:17 PM

It is always lame to risk everything because you never know what will happen in the end. Maybe bitcoin will dissaper or something else. Much better not to try this.

Of course it is risky, though we didn't know what will going to happen in the end, we still have our own feelings and guts towards this, we have already that guts in ourselves what you were taking at if you turn all your money in bitcoin. Sometimes we just have to believe in our guts and also follow our guts too.

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