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Topic: is it risky to turn all my money to bitcoins? - page 139. (Read 37348 times)

full member
Activity: 308
Merit: 100
It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.
It's a risk,don't ever made decisions out of yur control, it's enough that we still left some amount on our pockets and bank account that can help us whenever needed,but it will be much a help if you have put more for saving in btc but never let your self empty handed.
Agree with you guys, Its Risky! It can leave you nothing exect bitcoin. You need to preserve all thing you have, you can put some money on Bitcoin but please not all, because what are you going to use if there's an emergency situations? it's hard my friend. Think carefully first before gambling.
member
Activity: 531
Merit: 10
Yes, definitely yes it is way too much risky if you turn all your money down into bitcoins. First of all, bitcoin’s value is unstable, it can go higher or lower every minute. If you’re willing to take the risk and turn your money into bitcoin, be prepared to lose your money anytime, but you might be lucky as well. Higher risk makes higher rewards you know.
newbie
Activity: 23
Merit: 0
Everything has a risk. The thing is how much you wanna risk with bitcoin. I do calculate my risk when it comes to investing at any type of financial instrument for becoming a profitable investor. High risk = high return? It depends on how much you wanna take it.
full member
Activity: 237
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think it not risky to turn all of my money in bitcoins, instead invest to bitcoin and earn more. We know that everyday past bitcoin currency become so high and high and it is the right time to do before its to late right. Because of bitcoin we can save more as long as we use bitcoin without hesitate.
full member
Activity: 546
Merit: 100
It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.
Yes it is risky. We cannot deny the fact that bitcoin is still not accepted by the government, and the popularity of bitcoins may threaten the government by its economy and if time comes that the government will ban the bitcoin, so that is the risk because you will never get back your money.
jr. member
Activity: 53
Merit: 10
Very risky, high risk with high rewards. A better idea would be to diversify it and not have all your eggs in one basket.
newbie
Activity: 42
Merit: 0
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 shouldn't invest all your money in one thing only. From what I do, I invest my money in one thing and if it turns out great, then nice! But I proceed to finding another investment. Allocating your money to different investments would be the best option especially with the value of bitcoin going up and down.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes its risky.You should start with low. For example if you have 1000$ so you should invest 200 or 300$. If you invest your all money on bitcoin and the price fall down you'll lose your all money. Everyone aware about the fact of bitcoins that its volatile and change price every single second. My suggestion is to keep extra money in bitcoins and keep a close look at bitcoin market prices daily.
full member
Activity: 295
Merit: 104
Yes, I think it's risky to change all the money you have into bitcoins. Indeed investing in bitcoin is very good for life in the future. But remember the bitcoin prices are volatile unstable. That is where you should be able to understand the risks. If I think, if you want to change your money to bitcoin, change half of it.   Don't turn your all money into bitcoins, just in case, afraid will be a big risk.
legendary
Activity: 1218
Merit: 1000
If we turn all of our money of course very risky, all we have to know is that bitcoin will be profitable if we keep for a long time, I'm not sure all users will be patient to not sell in less than 2 years.
that's right, because there are 2 possibilities that happen if you hold the bitcoin you have. the first, when the bitcoin price goes down, you'll be anxious to sell it. and secondly, you may want to sell it immediately when it goes up, even if the increase is not so high. well, there will be so many risks you think of when holding bitcoins.
full member
Activity: 196
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No doubt that bitcoin is a very risky thing that i've seen but many  people become rich people by investing and giving them all money in bitcoin if you take the risk in bitcoin i think you will become rich like others so it's up to you.
full member
Activity: 420
Merit: 134
We all know that bitcoin or other cryptocurrency is highly volatile . Bitcoin is known for its wild fluctuation value so there's a chance that you'll end up lossing money or having a 100% profit. Don't invest all of your money on crypto try saving it or investing it on some real estate company . Remember you are responsible to all of your investment or what you do on your own money so keep watching the movements of bitcoin's value on the market.
sr. member
Activity: 588
Merit: 253
If we turn all of our money of course very risky, all we have to know is that bitcoin will be profitable if we keep for a long time, I'm not sure all users will be patient to not sell in less than 2 years.
full member
Activity: 231
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think so too, I believe it is risky to turn all your money in to bitcoin because bitcoin operates on line you'll be needing the aid of the internet once the system fails so thus your investment. It would be advisable to take some in the form of fiat, because it is centralized.
sr. member
Activity: 560
Merit: 256
It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.
Of course investing in bitcoin is always risky, and you have to accept it, however, at present, the risk of investing in bitcoins is very small, as the market still prefers bitcoin. It's still a good choice.
sr. member
Activity: 582
Merit: 250
An Impressive Purely Anonymous Currency.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Turning all of your money into bitcoins is not a good idea.  Please always leave an emergency fund or always have a savings account in case of emergency's.

You can always set aside a portion of your funds but not all of them.  Wink

legendary
Activity: 1148
Merit: 1048
Things depend on our courage to speculate, many people put all the money into bitcoin and they get the profit, the most important is we have to be ready if the price goes down.

cryptocurrencies have a high sharpe ratio. better than any other asset class in fact, including bonds and US equities, depending on the timeframe. while bitcoin is indeed extremely volatile; way more than real estate, oil, or stock, the rewards are unusually good for the risk. so empirically its a good bet, but you have to be prepared for a retraction at any time, or a complete run to ruin (very unlikely, but still quite possible).

ive basically been all crypto for some years now. no regrets.
full member
Activity: 845
Merit: 100
Things depend on our courage to speculate, many people put all the money into bitcoin and they get the profit, the most important is we have to be ready if the price goes down.
hero member
Activity: 2954
Merit: 796
It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.
It's a risk,don't ever made decisions out of yur control, it's enough that we still left some amount on our pockets and bank account that can help us whenever needed,but it will be much a help if you have put more for saving in btc but never let your self empty handed.
full member
Activity: 364
Merit: 101
It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.
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