Topic: is it risky to turn all my money to bitcoins? - page 14. (Read 37359 times)
Yes it is definitely risky to turn all your money to bitcoin. Like everyone said, bitcoin is volatile, today the price is so high then tomorrow the price suddenly drop. When dealing with bitcoin you are taking risk. So the best you can do is invest in bitcoin but save some for future emergencies. It is good to be always prepared.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
first, that came into a mind "of course yes")
but it pretty much depends on your situation, if you have sorts of income and this cash it's just really do nothing,
you can lose it and still continue you being on the same level of comfort,
that's maybe a good chance to win out of this risk...
yes , but even banks had also a risk because i always seen reports on the past that the banks were unexpectedly closed without valid reason and maybe they pull off a scam , therfor banks arent safe at all. much bettter if you can put that whole money in bitcoin because it can grow more rather than putting it in a bank with only low interest per year. if your scared enough to put it all , then allocate only amount that you can afford to loose, for example put only 50 to 30% and so on.
The collapse of the bitcoin, which occurred in January and continues now clearly shows how dangerous to keep all the funds in the BTC.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
You could always find a good staking ALT coin and gain on your holdings, even masternodes are great ca$h generating machines now!!
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It's good if it includes all your savings in the bank. Unlike others who sells their home for BTC. Risking the money you save for bills, food, taxes, etc. will not do you any good. So if you'll use the money you save that is really dedicated for your future investments, then that a great Bitcoin investment! Everything that is reserved for the things that you need should be kept and spent only for those things. If there are excess from the savings that you have, don't hesitate to risk that for BTC because everythign will pay double or triple your investment.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
first, that came into a mind "of course yes")
but it pretty much depends on your situation, if you have sorts of income and this cash it's just really do nothing,
you can lose it and still continue you being on the same level of comfort,
that's maybe a good chance to win out of this risk...
Personally i blv bitcoin.But as the perspective as a investor it will be unwise to invest all capital into one single financial asset.My thumb is up for the bitcoin bt who knows the future.
Yes it is risky. All money turning is always risky but turning all your money on bitcoin is very risky. I would recommend investing in non-harmful amounts
It is always lame to risk everything because you never know what will happen in the end. Maybe bitcoin will dissaper or something else. Much better not to try this.
I guess you must have been seeing warnings from long time gurus that bitcoin would crash one day. Like you'll just wake up and it'll be gone. So don't use all your money for long term investment. YOu can ride the wave of it's increment IMO
To my mind, it is very risky to turn all your money on bitcoin. We all know that the value of bitcoin always unstable. You can get more profit on investing on bitcoin because the value always increase than in bank.
Amazingly, that post has yet earned any sM because ...
It is not actually a bad decision, but it is highly risky. Bitcoin like we know is highly volatile. The bank obviously is a very safe way to keep your money although the interest may be little or none in some cases. Bitcoin in the order may yield more interest if you lucky and a great loss if you not so lucky. So it will take lots of guts from your part to invest all your money in Bitcoin.
Of course it's full risky as a investor never put all money in place . You should invest 50% of your current balance and other 50% for backup.
To my mind, it is very risky to turn all your money on bitcoin. We all know that the value of bitcoin always unstable. You can get more profit on investing on bitcoin because the value always increase than in bank.
Bitcoin is a very useful coin and it gives us very much benefits and facilities but we may face with some problems by dealing with it. If anybody losses then he/she will lose a very big amount of money. So it is very simple to say that turn all money into bitcoin is not a very good and wise idea.
Bitcoin changes that are rate at regular interval and no one can predict that price will increase or decrease and if it decreases then you will see the face of loss. I think we should invest there that amount which will not affect seriously if we lose that.
Bitcoin changes that are rate at regular interval and no one can predict that price will increase or decrease and if it decreases then you will see the face of loss. I think we should invest there that amount which will not affect seriously if we lose that.
Yes, it is very risky. Even in good market, it is not a good idea to put all your money to bitcoin. That is not healthy investment.
You only invest your money that it is ok to lose and it does't harm your everyday life. Otherwise don't do it.
You only invest your money that it is ok to lose and it does't harm your everyday life. Otherwise don't do it.
Of course it is risky to convert all the money into bitcoin, since every person must plan their expenses and investments, according to their income. What is invested in bitcoin must be an amount that does not affect the normal expenses that are generated for the normal maintenance of a family.
Yes it is very risky. Well, your money sleeps in bank but at least your are sure it can't run away. If you have any trouble and don't have access to your money when you need it the most, you might lose a lot. So be careful.
yes, it is very risky to turn all your money to bitcoins. never put all your money in one type of investment only, if you put all your egg in one basket only, when the basket is fall and broken, all your egg will be broken too, thats you can imagine it about your money
I think it's too risky if we put money into bitcoin, if just put in the bank the money may be very low results but there is a level of security if the bank, I think if you want to succeed should dare to take a step, If it is in bitcoin we will succeed why not, whatever we try or work must already know will lose or will succeed 
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