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Topic: is it risky to turn all my money to bitcoins? - page 133. (Read 37348 times)

newbie
Activity: 163
Merit: 0
off course remember this phrase "only invest money you can afford to lose" so yeah your money possibly go to zero
Of course it is risky and I am agree with you that we need to be active and mature because we know if we invest all our money in bitcoin and after some time the price of bitcoin goes down than a lot of money will flow away and nothing will left to help you I mean money so we need to be experienced in that situation and focus.
full member
Activity: 252
Merit: 100
It can be risky especially when you put all your money into bitcoins. If you put your money into bitcoin with high volatile price, you can lose all your money if bitcoin crashing. Make sure that you will only invest the amount of money you can afford to lose.
member
Activity: 294
Merit: 11
Yes, turning money to Bitcoin is too risky because it is not fully secured and regulated by the Government. Virtual money can be hacked by so many expert hackers around the world. It is better to have both physical money to pay petty expenses and Bitcoin for investment.

However, in the  future this is possible that we can use Bitcoin as payments to all stores even right now we can pay our electricity, water bill, etc. It just that, Bitcoin should be monitored and protected by the Government. This is the future so there's a possibilty that we can use Bitcoin as payment in our daily expenses.
full member
Activity: 129
Merit: 100
Yes of course even you only invest small amount it is still risky. So why put all your assets in bitcoin if theres a huge chance of loosing it. Being greedy most of the time leads to big loss or worst is it might wiped all your money.
member
Activity: 112
Merit: 10
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.
Very risky. If you should be planning to invest on something, you ought to study it first before you put money into it. You might want to reconsider putting majority of funds in a bank til such time when you are ready to pull it out for something bigger.
Bigger risk means bigger return
Invest you can afford to lose.
newbie
Activity: 8
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

pleas dont do that i lost today my bitcoins and i think its the gouverment
full member
Activity: 295
Merit: 104
Yes, I think it's risky to turn all your money into bitcoins. Bitcoin prices churning, up and down irregularly. It's true that the advantages of bitcoin can grow in the time lower than you expect. More risky, more profits. If you want to convert your money into bitcoin, it's better only partially. Because, fearing unexpected things happen to you like a bitcoin price reduction, there are hackers who hack your account, all that can happen to anyone and anywhere.
full member
Activity: 1540
Merit: 219
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is truth that if you'll turn on your money in to bitcoin was risky.but it's part of our life, to take a risk. But its up on you. I'll only suggest to you that you keep some or little money on your pocket because if you have an emergency you have an money to use. And for your daily needs.and also,one more thing. Don't keep bitcoin in only one wallet
full member
Activity: 378
Merit: 100
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 money in bitcoin but you need to take the risk for you to earn. Taking risk is a part of our life so it is better to grab the opportunity than never. Risking it make your money bigger and it can help you to learn in the society of business.
member
Activity: 83
Merit: 12
★Bitvest.io★ Play Plinko or Invest!
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 because more profit more risk,its rules of any business.Bitcoin market is still volatile.After convert all money convert to Bitcoin ,then everyday you will check Bitcoin price and it's little little heart attack for you.Because Bitcoin price is everyday down and up.
sr. member
Activity: 2268
Merit: 275
Investing is not always profitable. We can not expect that turn all money in Bitcoin will be profitable, very risky if all the money in use for Bitcoin.That's not true even we do not know whether this Bitcoin will remain popular or not and also Bitcoin value is always not stable sometimes down sometimes up too.
full member
Activity: 322
Merit: 101
Yes. VERY risky since bitcoin is still not so much stable.  And there is still a lot of scammers so it is not very recommended. I suggest that you test first if it is likely a scam. Double or triple check the offer and post before making a conclusion. And lastly, leave some money to yourself.
newbie
Activity: 28
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!


I would say that the key to this is awareness and smart thinking. My advice is to do your own research but also speak to people who have already gone through the experience of investing it.

If you own a bitcoin, you need to make sure you know how to buy, sell and store it properly or you risk losing your entire investment.

hero member
Activity: 1666
Merit: 502
One of the apparent features of bitcoin is its volatility in prices, thus, involving higher risks as possible. So, if you will turn all your money to bitcoins, that would be risky. Bitcoin can change its value anytime. It may goes up as we all hoped for and goes down as we ever expected.

This is why we don't need to put all our money on bitcoin we don't know when bitcoin price is going down or going up. Just put money on bitcoin that you can afford to lose. Spread your money not just on bitcoin but on different coins like eth or any other cryptocurrency. But if you or they want to take the risk on investing all your money in btc then let it be.
"that you can afford to lose" I think it's a parable if you play gambling because if you lose you will lose your bet money. I think why they want to invest the first is to secure their money and second to get the exact profit. in fact investing or hold or trade bitcoin is an investment that has a big risk then it is not advisable to put all your money.
full member
Activity: 196
Merit: 100
Definitely yes! It is very risky but it is still up to you if you are a risk taker then go. But for me, I won't going to do that, just remember the phrase "Only invest what you can afford to lose".
yes it is very freaking once if all the money is converted into bitcoin, because when bitcoin is missing who will be responsible. This is where vigilance must be properly applied. but if bitcoin goes up you will get double profit and you will be rich.
newbie
Activity: 42
Merit: 0
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.
newbie
Activity: 38
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yeah u cannot turn it all either u dont have to have such an amount..u can only have little amount in order not to attract hackers
copper member
Activity: 772
Merit: 500
One of the apparent features of bitcoin is its volatility in prices, thus, involving higher risks as possible. So, if you will turn all your money to bitcoins, that would be risky. Bitcoin can change its value anytime. It may goes up as we all hoped for and goes down as we ever expected.

This is why we don't need to put all our money on bitcoin we don't know when bitcoin price is going down or going up. Just put money on bitcoin that you can afford to lose. Spread your money not just on bitcoin but on different coins like eth or any other cryptocurrency. But if you or they want to take the risk on investing all your money in btc then let it be.
full member
Activity: 518
Merit: 101
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Investing in bitcoin is really a risky thing so don't invest what you cant afford to lose. But if i do have that money, i would really take the risk because as we all know, bitcoin's value is volatile as it goes down and goes up like crazy. So i'd rather take the risks and just ride with bitcoin's market value graph and gain more profit as it rises up.
member
Activity: 156
Merit: 10
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One of the apparent features of bitcoin is its volatility in prices, thus, involving higher risks as possible. So, if you will turn all your money to bitcoins, that would be risky. Bitcoin can change its value anytime. It may goes up as we all hoped for and goes down as we ever expected.
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