is it risky to turn all my money to bitcoins? - page 135.

akishang

member

Activity: 434

Merit: 18

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

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. I am thinking why would somebody to that. The risk is too high in my opinion and it's not 100% guaranteed that you will get your money back in case you need it. Your money is safe at the bank.

bubble pop

full member

Activity: 265

Merit: 100

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!

Yeah that will be too much risk because anytime the value of bitcoins might get worthless so if you turn all in to bitcoin and bitcoins fail what would happen to you? You might get crazy if you lose all of your money with just a glimpse. So just to be safe it is much better for you to not go all in to bitcoins just a 20% of your income what ever it is even if monthly income or something. Bitcoin it a risky business, you might get scammed you might get fails so to be sure that ypu will not curse bitcoins do not spend all of your money it is much better to have an extra money in case of emergency happens. And besides you can always gained bitcoins through signature campaigns and alot more.

DynamoWarrior

newbie

Activity: 6

Merit: 0

i don't think its smart to put all of your money on bitcoin because there might always happen something for you to lose all your money. who knows. maybe another coin will put bitcoin to the ground.

Mehedi72

full member

Activity: 760

Merit: 109

PredX - AI-Powered Prediction Market

Hey mate, for mee, I don't think that bitcoin is risky. I think bitcoin is risk free and totally safe and maybe that's why people would like to investment with my favorite ccurrency bitcoin

PunchWorker

newbie

Activity: 7

Merit: 0

I think it is very risky to do so because you should see bitcoin as a sort of gambling system because the value is really unstable. And who knows maybe another coin will take over from bitcoin and bitcoin will die.

manhwa

newbie

Activity: 17

Merit: 0

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 risky if you turn all your money to bitcoin. we don't know what will happened with bitcoin in the future. if value of bitcoin fall down you will loss much money.

wisdomcn

full member

Activity: 350

Merit: 100

Yes, it is a risk to turn all your money into bitcoin, As we all knows that bitcoin is a decentralized system and the value is not static it can go bellow the price you invested which means you will loose money. Also the security is not gruranteed which means if you wallet is hacked you loose all you money and you wont have anybody accountable. So it is very risky to turn all your money to bitcoin.

Bitcoincole

full member

Activity: 504

Merit: 102

Quote from: ORCAf on October 30, 2017, 04:31:55 AM

I believe it is risky to go 'all in' with anything in life, you should always have a backup plan if something doesn't work out. Of course, investing bigger sums into something gives you potential to earn more, but putting all of your money to something that isn't even fully recognised yet is a blind move. Put the amount that wouldn't hurt you too much if it fails. Better be safe than sorry haha

For me turning all your money to bitcoin is a gamble any person should not take a risk of. In anything you do you should always have a back up plan and never risk everything you have because you can never tell how far your luck could bring you. As they say, " prevention is better than cure". In every decision making, always think not just twice but more especially if it involves money.

ORCAf

member

Activity: 154

Merit: 10

I believe it is risky to go 'all in' with anything in life, you should always have a backup plan if something doesn't work out. Of course, investing bigger sums into something gives you potential to earn more, but putting all of your money to something that isn't even fully recognised yet is a blind move. Put the amount that wouldn't hurt you too much if it fails. Better be safe than sorry haha

Uilnis

newbie

Activity: 13

Merit: 0

Yes it is would not recommend to do that i would say invest 50%in to bitcoins this way if something goes wrong you will have something at least instead of nothing and i would also say if you have enough knowledge how everything works it is not risky at all.

webdevmastery

full member

Activity: 434

Merit: 100

Quote from: shafi alam on October 30, 2017, 12:13:50 AM

yes its risky because of when you saw bitcoin price is 5000$ in earlier after some time it gose to 4500$. 500$ gone. And when what will happen? you will lost your mind.
but if you ask for security? yes it is secure.

Everything in life has a risk and if you would not take the chances then you will not be successful, Its about your own strategy and bitcoin is an advantage because it was easy to earn and less risk of scamming.

Kisanaq

sr. member

Activity: 700

Merit: 277

I do not think bitcoin is a very lucrative investment compared to anything, the fact that bitcoin so far benefits investors so I suggest to invest, but not all of our money, ideally is a maximum of 90% of all our money.

tikaka

full member

Activity: 336

Merit: 100

I advise you not to turn all your money into bitcoin. This is dangerous. Because we see the value of bitcoin is unstable. You must be clear when deciding.

meomeo7

newbie

Activity: 9

Merit: 0

With plans to release their own currency, banks hope J-Coin can help Japanese people "detoxify" cash.

paolo099

full member

Activity: 224

Merit: 101

it's not just about investing everything in bitcoin, or gold, or anything else, the main issue is indeed investing everything!
That means if that thing fall you lost everything (for example in my home country the value of an apartment or house dropped to the ground due to country issue) and you have no margin to recover, diversification is always the good thing to do, some of your investment (put apart the crypto world) might fall but the rest are keep going.
In this way you can adapt and react by moving some of your finances in the right way.

Jingjing12345

member

Activity: 62

Merit: 10

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 because the price of bitcoin always fluctuates so we don’t know whether it will rise up or down. It is risky because the possibility to lose your money is always there. If you invest all your money there, you should be ready to the possible outcome. If I were you I will some to the bank and put more in bitcoin because just in case something bad happen you have money on bank to start with.

Semar Mesem

full member

Activity: 1484

Merit: 101

Yes and of course very risky, I must honestly tell you that never put all the money into a high risk investment such as bitcoin, although it is very profitable but can be detrimental.

Gondwanaland

full member

Activity: 354

Merit: 100

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 consequences to make your money bigger because it is part of business you do not know when they will succeed or not. Taking risk is part of our life so take the oppurtunity to make your money grow than keeping it in the bank and do nothing.

jilani

full member

Activity: 244

Merit: 100

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!

Online money always risky because hackers can attack anytime.Normally BTC is a hot currency over the whole word & of course this is good investment.BTC future is so much pretty.I am a fan of BTC.

shafi alam

full member

Activity: 630

Merit: 100

yes its risky because of when you saw bitcoin price is 5000$ in earlier after some time it gose to 4500$. 500$ gone. And when what will happen? you will lost your mind.
but if you ask for security? yes it is secure.

Topic: is it risky to turn all my money to bitcoins? - page 135. (Read 37348 times)