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Topic: is it risky to turn all my money to bitcoins? - page 136. (Read 37348 times)

full member
Activity: 183
Merit: 101
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is, infact it is too risky to invest all your money in just one thing! Because you never know when you need your money.
hero member
Activity: 3038
Merit: 634
Bitcoin, or virtual currency, is becoming the hottest keyword in the global financial market; Not only does the change in value, virtual currency is also significantly changing the legal status.
It's now the leading virtual/crypto currency and also an investment, it will not harm the government unless they will support it and will never ban it.

Just don't listen to those financial experts that are keep on dragging bitcoin to their own hole. They don't have other job but to keep on saying people is a very bad type of investment.

It is risky to turn all your money to bitcoin but if you believe this will have a brighter future, buy.
sr. member
Activity: 812
Merit: 251
We must understand that bitcoin is a high risk investment, the higher the chance of profit then automatically the risk level is also high, I suggest not to put all our money into bitcoin, because the decentralization system is always a lot of surprises in a matter of hours or even minutes.

It doesn't make sense to put all your money into bitcoin, how will you even live or buy stuffs  for yourself? You have to diversify your income and be a responsible person first before you commit the surplus into bitcoin investment. Don't starve yourself or family because of bitcoin investment because you might die and leave the investment behind.
newbie
Activity: 11
Merit: 0
Bitcoin, or virtual currency, is becoming the hottest keyword in the global financial market; Not only does the change in value, virtual currency is also significantly changing the legal status.
sr. member
Activity: 350
Merit: 250
Go with the amount you can afford to risks. Do not put all your eggs into one basket once stollen or broken youll lose everything. But investing into bitcoin is kinda good choice of risks Smiley
sr. member
Activity: 553
Merit: 250
We must understand that bitcoin is a high risk investment, the higher the chance of profit then automatically the risk level is also high, I suggest not to put all our money into bitcoin, because the decentralization system is always a lot of surprises in a matter of hours or even minutes.
full member
Activity: 196
Merit: 100
Turning all my money to bitcoin? Man, that's very risky! It's like putting all your fruits in a single basket in front of a lot of people. The value of bitcoin changes over a period of time. It either increase or decrease it's value depending on the market. Turning all your money to bitcoin would be a very big risk for you but at the same time you can also earn. Everything will be depending on the situation. What's ideal is that you only get a portion of money you have and turn it into bitcoin. In this case, you still have extra money on hand in case the bitcoin decreased it's value.
member
Activity: 260
Merit: 28
Look ARROUND!
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If you want your money to grow then do not put all your money to bitcoin because bitcoin's price is fluctuating and if you don't understand what it is then you will just regret it. Better to invest half of your money on bitcoin then the other half is on the bank with your currency, it might takes time but at least you still get some profit from the interest of your money.
hero member
Activity: 1148
Merit: 504
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. Sticking into just one currency specifically to currency type which is a crypto which is generated and operated online because as we all know that these type of currencies are really volatile although it is a normal characteristic of currency, still it is risky because we do not know if the technology will remain stable or might malfunction in any way around. So it is still better to make it apart of having both real money and digital money to secure your funds.
i think there are two things bottom line when you keep all your money in bitcoin, first bitcoinis a very fluctuating so of course it would be dangerous for your finances because it is true what you say we do not know what will happen to bitcoin going forward or where fluctuations will bring bitcoin prices to high prices or low prices and the second you can not buy something because all your money is in bitcoin and not all merchants support payments with bitcoin
sr. member
Activity: 714
Merit: 250
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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.
As mentioned, it has got risks along with the growth as an attachment. Here one need to understand that, for the risk it has the higher will be the earning. As mentioned bitcoin price fluctuates in unexpected time, but the same haven't made users into loss if the user have patience. For emergency requirements it's good to keep certain amount in banks, so that can be withdrawn without much complications by the time of need.
I can agree with this, a person may decide to invest as much money as he wants in bitcoin as long as that person knows what he is doing, however we need to retain an enough amount in hand just in case we need it, after all we never know what it may happen, maybe your car breaks down or you have a health issue and you need to be able to access to your cash as fast as you can so you can solve issues like that in a timely manner.

That's right every person should determine the assurance of his/her investments. Although it's risky to think of having your money be counted can converted to bitcoin with investments for long term, but its more profitable if that ever sell value will increase eventually. If ever there were certain situations that having you cash back at emergengy scenarios, well you are free to sell but not the whole amount; you only have the  sell what you really need to spend for.
member
Activity: 378
Merit: 25
all kinds of investments are paired with risks, obviously, bitcoin is a medium for investments, when you enter the world of bitcoin, you must be prepared for any risks, sometimes you win, sometime you lose, what is more important is you have a very good talent in hunch, whenever you feel like selling at the right time, go ahead.
newbie
Activity: 37
Merit: 0
yes it is but I say no risk no fun ^^

forget the low bank interest rates you just have to know when enough is.

I would recommend you however other coins as well as deep onion coin which are still at the beginning and the profit margin can only shoot to the height.
full member
Activity: 502
Merit: 100
TheFutbolCoin
Yes it is very risky,Should not turn all your money into bitcoins,Change some of your money better,Because bitcoins are so insecure,Many hackers are after bitcoin,If we are not careful, our bitcoin can be stolen by hackers.
hero member
Activity: 1092
Merit: 501
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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.
As mentioned, it has got risks along with the growth as an attachment. Here one need to understand that, for the risk it has the higher will be the earning. As mentioned bitcoin price fluctuates in unexpected time, but the same haven't made users into loss if the user have patience. For emergency requirements it's good to keep certain amount in banks, so that can be withdrawn without much complications by the time of need.
I can agree with this, a person may decide to invest as much money as he wants in bitcoin as long as that person knows what he is doing, however we need to retain an enough amount in hand just in case we need it, after all we never know what it may happen, maybe your car breaks down or you have a health issue and you need to be able to access to your cash as fast as you can so you can solve issues like that in a timely manner.
newbie
Activity: 82
Merit: 0
Of course it is risky to turn all your money into Bitcoin. You can invest some of your money into Bitcoin and save some of it. You should invest your money in several field like stock market or you can buy altcoins. Never invest all your money in one place. Investing all money in one place is very risky.
member
Activity: 336
Merit: 14
Yes! Never put all your eggs in one basket. You should diversify your investments. Stocks, bonds, gold, real estate, bitcoins...
member
Activity: 214
Merit: 10
Invest only what you are comfortable with losing & keep a diversified portfolio to help manage your risk.
member
Activity: 224
Merit: 10
Another option is also available put some of your money into bitcoin and use some of them for other altcoins the reason is simple you will be relaxed because in these you will get a chance of becoming rich as soon as possible many people are trying to invest their whole amount of bitcoin for profit. Bitcoin is ready to make profit so it is good to convert your income into bitcoin and to make money from this decision.
sr. member
Activity: 280
Merit: 250
No matter the circumstances you should never risk it all some people will get lucky and swear by this method but this isn't smart the majority of the time but silly and very lucky.
full member
Activity: 240
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. Sticking into just one currency specifically to currency type which is a crypto which is generated and operated online because as we all know that these type of currencies are really volatile although it is a normal characteristic of currency, still it is risky because we do not know if the technology will remain stable or might malfunction in any way around. So it is still better to make it apart of having both real money and digital money to secure your funds.
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