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Topic: is it risky to turn all my money to bitcoins? - page 140. (Read 37348 times)

sr. member
Activity: 1274
Merit: 278
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
In my opinion, Yes, it is risky to convert all of your money to Bitcoin especially if it is not yet legal as a currency in your country, or even if it is already legal, still, Bitcoin is volatile. Its volatility is what makes it risky since there are jnstances that its market value is falling and you'll surely be in trouble if this thing happen.
full member
Activity: 164
Merit: 100
No never is it not risky to turn all your money to Bitcoin.Because Bitcoin is very reliable digital currency it is started in 2009 still now very trusted and  running with loyalty.So of course you invest Bitcoin.
We may see that bitcoin is becoming popular and a lot of people are getting into it but putting your money in one basket is risky, every investment is risky because we don't know what will happen next we might lose our money or may make it double. Investment is not just about making money and its 100% that it will workout.
newbie
Activity: 56
Merit: 0
Well, it is always risky to turn ALL of your money into a volatile market, such as Bitcoin. A good rule of thumb is to invest around 25% of your money, into such market.
full member
Activity: 290
Merit: 100
Smiley yes  ,  it's risky to turn all your money to  bitcoin . Bitcoin will be volatile if you know risk and all day long thinking about risks , the risk will come . I tell you the truth, why are you thinking of bad things, bad things will come to you? Why do not you think of the good things that will come, great things await you? a 'fat profit' from bitcoin? I think you should ask the question: are the ways to make a profit from bitcoin better?
Well every investment is risky and in case of bitcoin where the price of it is volatile and can easily be worthless once most of the millionaire decided to leave bitcoin then all your investment will easily be gone. So better invest everything that you can afford to lose just like on gambling. Remember you spend money everyday and think what will happen if you someday lose all your money and become sick.
Anyway, I remember someone who've done invested everything on bitcoin and luckily all the days he waited is worth it but life was hard for hime before that because temptation on selling it got him and he tried to not spent any of it.
sr. member
Activity: 253
Merit: 250
It is not risky if you are comfortable with what you are doing. If you are doing what someone else told you and you think it's a great idea, but you didn't do the research then I suggest you do not turn all your $ into BTC.
full member
Activity: 546
Merit: 100
 Smiley yes  ,  it's risky to turn all your money to  bitcoin . Bitcoin will be volatile if you know risk and all day long thinking about risks , the risk will come . I tell you the truth, why are you thinking of bad things, bad things will come to you? Why do not you think of the good things that will come, great things await you? a 'fat profit' from bitcoin? I think you should ask the question: are the ways to make a profit from bitcoin better?
jr. member
Activity: 322
Merit: 5
W12 – Blockchain protocol
Investments are always risky. To trade, it is necessary to monitor the market constantly, to look at statistics - to know where to invest most profitably.
But if you want just passive income, then it seems to me from all cryptocurrency, bitcoin is the safest.
In general, you can find profitable altcoin projects here.

When there are several assets in your investment portfolio, this is always a more winning position.
member
Activity: 106
Merit: 11
It s better have some btc AND dollar.

Diverticy
member
Activity: 378
Merit: 10
Yes. Bitcoin being an emerging market is very volatile. Because of its volatility, the profit is high and there's higher risk of loosing your investment. Since you can also use it to trade, it is advisable to use your bitcoin to trade so as to increase your investment if you know the rudiments of trading. So, the higher the risk, the higher the profit. once you can place your chances well. But sincerely, you need to carry the mind of a business person.
hero member
Activity: 560
Merit: 502
It's not risky, it's stupid.
full member
Activity: 246
Merit: 100
No never is it not risky to turn all your money to Bitcoin.Because Bitcoin is very reliable digital currency it is started in 2009 still now very trusted and  running with loyalty.So of course you invest Bitcoin.
member
Activity: 307
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 is really really risky to convert ALL your money into bitcoin. We all know that bitcoin can disapear anytime, we don't know when bitcoin ends. But we are hoping that time never comes. Back to the topic, honetly you may convert SOME of your money but not ALL. Be smart in handing your money.
full member
Activity: 532
Merit: 100
For me Yes it is so risky, you can compare it in gumbling you maybe can lost or win. You should have the figthing spirit and take a risk because bitcoin is unstable. You can have a profit or not.
full member
Activity: 770
Merit: 126
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Op I will not advise you to convert all your the money you have to Bitcoin because that highest risk for everyone to do such convertion. What I will you is that, you should maybe convert about 40% of your money with the bank and leave the remaining 60% with the bank despite the fact that it will not yield anything for your.
full member
Activity: 210
Merit: 100
Ofcourse it's risky there's no investment without risky even for bitcoin, but still even if it's risky it still had great potential i recomend to reduce a little risk so as not to lose all assets so as not to put all of your assets, just some it's enough.
newbie
Activity: 3
Merit: 0
It is promising to turn money into bitcoin.
full member
Activity: 445
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it's not. The market value of Bitcoin is continuously growing. Converting all your money into it is a form of investment and on investing, the bigger amount of money you will invest, the larger the profit will be. It's a bit risky right now just because it is not yet legal to most of the countries but if you are living somewhere wherein it is legal, I think it is a good idea to convert all of it since it has advantages.
newbie
Activity: 25
Merit: 0
Absolutely yes, it is very risky to turn all your money into bitcoin. You said that your money do nothing in the bank, so I think it's better that you leave 50% of it in the bank and only invest half of your money. So in case that you lose all your bitcoin, you still have real money in the bank where you can use in case of emergency needs.
member
Activity: 85
Merit: 10
If you truly believe in Bitcoin and don't need your money for anything else then converting 50% might be a good idea.
newbie
Activity: 52
Merit: 0
off course remember this phrase "only invest money you can afford to lose" so yeah your money possibly go to zero
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