is it risky to turn all my money to bitcoins? - page 132.

AjithBtc

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Quote from: okissabam on October 31, 2017, 07:17:31 AM

Quote from: sabarr on October 31, 2017, 06:50:00 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!

it may not be wise to put all the money in bitcoin because you will bet it all and it can make you lucky and get a lot of profits but also can make you unlucky and you will get big losses maybe even lose all money

What do you mean unlucky? I mean which way does bitcoin seems to get unlucky and get you big losses? As you could see bitcoin is even increasing almost every week. Bitcoin is actually a good investment so it would be a great way to turn your money in bitcoins but I'm unsure about all your money though, that's pretty risky.

With bitcoin too lucky people are there. To be lucky one needs the mind to risk. During the sudden peak price increase people who invested into bitcoin weeks back get the profit in a much lesser time. This is what we say as luck, because the user can withdraw the capital and let the profit grow further.

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Quote from: sabarr on October 31, 2017, 06:50:00 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!

it may not be wise to put all the money in bitcoin because you will bet it all and it can make you lucky and get a lot of profits but also can make you unlucky and you will get big losses maybe even lose all money

What do you mean unlucky? I mean which way does bitcoin seems to get unlucky and get you big losses? As you could see bitcoin is even increasing almost every week. Bitcoin is actually a good investment so it would be a great way to turn your money in bitcoins but I'm unsure about all your money though, that's pretty risky.

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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 surely is. Converting all of your money would surely be a risk since there's no assurance that the value of Bitcoin will always be high since it is volatile wherein its market value changes everytime. And definitely, you'll be in big trouble if your money in Bitcoin will have a low value and with an instance that you're in need of money because you will have to wait until its value is back to normal.

Wulanayu

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in my opinion very beresiko.karena unstable bitcoin prices always change change every time, for example you are in need of quick funds also you can not immediately melt it and certainly could be a loss if when you need it bitcoin prices are falling. my suggestion save your money and spend enough for capital in bitcoin.

Afnan_faizah

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The risk remains but we may still be safe, seeing the good progress of bitcoin and the increasing acceptance of bitcoin then exchanging paper money to bitcoin will be profitable for the future. But we cannot fulfil our daily needs using bitcoin because the number of merchants who accept bitcoin is still relatively low. We still need paper money for the present but I am sure gradually we will leave it.

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Quote from: Granxis on October 05, 2017, 05:30:44 AM

Certainly I will not recommend you to risk all your money, because it will negatively affect your personal life, you will have to constantly look at bitcoin prices. Maybe you'll see meaningless numbers in your dreams

Yes.. dont ever do that. Only invest how much that you can afford to loss.
Dont ever thinking you can gain much profit. Before thinking profit you have to think about lost first.

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Quote from: Harlot on October 31, 2017, 06:57:17 AM

Quote from: cryptoglobal79 on October 31, 2017, 01:10:02 AM

There is always a risk in every investment so it is very risky and always remember that bitcoins value is not stable. You may lose your money. You should invest half of your money instead of all i think.

The problem here is we can't count Bitcoin as some kind of investment as what you are doing to it is called trading. Bitcoin technically does not have any basis but demand for it therefore making it unstable making it as an investment would only risk your money. You don't have any economical analysis or a company's financial performance to serve as your basis on making a buying decision with Bitcoin. Just remember this Bitcoin is not some company's stock or a country's fiat currency where you can think of a long term investment.

Trading is investing you are depositing money and then selling at a higher price and then reinvesting. It's exactly that an investment

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Quote from: cryptoglobal79 on October 31, 2017, 01:10:02 AM

There is always a risk in every investment so it is very risky and always remember that bitcoins value is not stable. You may lose your money. You should invest half of your money instead of all i think.

The problem here is we can't count Bitcoin as some kind of investment as what you are doing to it is called trading. Bitcoin technically does not have any basis but demand for it therefore making it unstable making it as an investment would only risk your money. You don't have any economical analysis or a company's financial performance to serve as your basis on making a buying decision with Bitcoin. Just remember this Bitcoin is not some company's stock or a country's fiat currency where you can think of a long term investment.

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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 may not be wise to put all the money in bitcoin because you will bet it all and it can make you lucky and get a lot of profits but also can make you unlucky and you will get big losses maybe even lose all money

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All members are telling you that investing all your money is risky and their argument is "never invest what you can't afford to lose".
Well, i recommend you to invest all your money since you mentioned that you keep it in a bank and not using it. I believe in different quotes like "big risks, big reward" and also keep in mind that "He who risks and fails can be forgiven. He who never risks and never fails is a failure in his whole being".

Loremipusum

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It is maybe better because you don't have to pay a lot of taxes then. If you cash out 3 times you need to pay a lot more taxes, but if you do it in 1 time you can get more money.

Sometimes it is even better to not cash out and just to save your coins.

sdas90

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I think it is yes. all of money to bitcoin is risk. bitcoin price always up and down. so all money invest into bitcoin when bitcoin price will be low you are in loss. so don't invest all money in bitcoin.

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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 really risky to turn ALL your money into bitcoin. You may turn SOME of you money not ALL. Bitcoin is volatile. Its value is sometimes increase and sometimes decrease. Be wise in handling your money. Think before you invest. Think before you go. Think before you click.

SmallBit

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It's like forex or gambling, you just only risk the amount you can afford to lose, not more. If you just stop to go to a party at Saturday night once per month and you invest it into bitcoin, you can have a much bigger party if the price doubles

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Quote from: nesty on October 05, 2017, 06:07:49 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!

It is very risky as an invetor do not put all eggs in one basket because the crypto market is volatile if bitcoin decreases you might loose more of your investment but if you know how to play the game of trading you can tolerate the risks you will encounter.

yes It is risky because some times BTC value comes down and if someone invest all of their money in BTC they will wait for their interest for some time(not more than a month).

Masterio

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I personally invested around 20% of my savings and will not go above that since it's still at it's "baby-steps".

All I'm gonna say is: invest as how much you can afford to lose.

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Quote from: cryptoglobal79 on October 31, 2017, 01:10:02 AM

There is always a risk in every investment so it is very risky and always remember that bitcoins value is not stable. You may lose your money. You should invest half of your money instead of all i think.

Yeah that's the problem there. It's a do or die thing if you put all your money in bitcoin. If it continues to grow in the future, then you'll be earning quite a lot. If it crashes, you'll have a very hard time recovering your losses if you don t have any back up

cryptoglobal79

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There is always a risk in every investment so it is very risky and always remember that bitcoins value is not stable. You may lose your money. You should invest half of your money instead of all i think.

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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, since bitcoin has a huge involvement with money, I think it is very risky for us to turn all our money to bitcoin, I think you are talking about investment, well if you doesn't have 100% assurance that you can gain something from it then dont do it at all , you may be regretful after.

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Quote from: annanava on October 30, 2017, 08:21:13 PM

I would recommend you first to take a moment to understand bitcoin, and cryptocurrency in general, after that and knowing the risks and pros, of this process of investment, you may start turning it. About the quantity, it's not recommendable in any way, put all your money in just one thing. You should be willing to let that money goes, in case the market goes down.

No I think you should need to think again because what you are saying is wrong and I am not agree with you because we need to be mature and not invest all money in bitcoin, the reason is that if we invest money in bitcoin and than the price of bitcoin goes down that it consider to be negligible then one thing will be left and that will be lost.

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