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Topic: is it risky to turn all my money to bitcoins? - page 141. (Read 37348 times)

sr. member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Pitting all your money in bitcoin can take you in problem i think. But still I think it is better to invest most of your money in bitcon. It should be  25%in bank and 75% in bitcoin this will be a good ratio i think to gain profit.
sr. member
Activity: 1400
Merit: 259
Yes, this is a big risk, and I would advise you to invest only a part of all your funds. Yes, the likelihood that something bitcoin will happen is very low, and you can almost certainly earn, but if something goes wrong? You will be left without a penny. That's the risk. Invest the amount you are willing to lose.

I have to say that is right. The right management of money should be prioritize. Just take a part for it to invested with bitcoin. I know there will be lesser profit but you could start from that then just grow it by buying and selling back.
sr. member
Activity: 1045
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To my opinion it is risky to turn all your money to bitcoins, since there is a possibility to lose.Bitcoin might be intangible,even paper money or securities can be presented to a central bank or company;digital currency is a decentralized and just a piece of code on the internet, so it has no country or company for you to ask to honor it. After buying bitcoins never leave them at the exchange if it is affordable move the bitcoins to a hardware wallet to store or a paper wallet.Buying bitcoin is a valuable asset now since there is only 21 million available and of that 80% of all bitcoins are mined, this scarcity could continue for the demand.

Management is a skill which plays great role in someone life to protect from expected hurdles/crises. A good manager doesn’t need to face hurdles due to his good designed policies. Business itself is almost a risk and not only investment in bitcoin is a risk, I think in every business you should not have to Invest all of your amount just in one business.

If you have huge amount so you should have to invest it into different nature of business because unfortunately if one fails so may be the other get succession in running. I hope according to this strategy you will not face loss in your business.
full member
Activity: 518
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Maybe it is risky to turn all your money to Bitcoin for when your a traveler and you pick to travel in a rural or a province places their are such possibilities that there are no accepted Bitcoin in that place. and it could be risky for me huh! but it is your choice and it is your you can do what you want from it. like mine I do what want from it.
jer
jr. member
Activity: 56
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Yes, this is a big risk, and I would advise you to invest only a part of all your funds. Yes, the likelihood that something bitcoin will happen is very low, and you can almost certainly earn, but if something goes wrong? You will be left without a penny. That's the risk. Invest the amount you are willing to lose.
full member
Activity: 504
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

very risky to put all your money in bitcoin because bitcoin prices can not be predicted sometimes up and sometimes down, if you put it all then if you lose will lose all your money, better put just a few
member
Activity: 171
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I think yes it is risky to turn all your money to bitcoin. I advice you to put atleast half of your money for you to not woried if the price of bitcoin goin down. Bcause it is one of the reason why you ask this question i think. So better to make a good decision about it.
sr. member
Activity: 1456
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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 can be sure that you can make money from the bitcoin if you have many knowledge about bitcoins. It seems that you have a fear to invest some of your money. I think you should overcome your fear to make money from the bitcoin.
full member
Activity: 378
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I LOVE ADABS
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Apparently, yes it is too risky to convert all your money into bitcoin. It is better if you save a part of your money in other investment or savings. Just a piece of advice, don't put your money in just one basket.
sr. member
Activity: 951
Merit: 250
When you invest your money into something, regardless of what kind of company or thing you are investing into, you're money is already at risk. Investing and risking are juxtaposed and will be side by side. The only thing that will dictate the worth of your risk is to where you are risking it. Bitcoin is a good risk, I may say, however I suggest that you divide your money and invest at other things. Investing in several firms increases the chance of profiting bigger, wherein sticking to one firm does not guarantee you profit. Don't turn in all of your money to bitcoin, you can trade, or invest in other businesses. Only spend the amount you are willing to lose.
well i agree on that .it is really risky but i believe this world is full of risky dicision all we need to do is to think and move in a prudent way and make more  learning through experience i really believe that experience  is tbe  best teacher apecialy in crypto world which is all are not really predictible.i believe that bitcoin is risky because it  is not predictable.but i also believe that we need to get over a risky dicision to gain.
full member
Activity: 420
Merit: 103
When you invest your money into something, regardless of what kind of company or thing you are investing into, you're money is already at risk. Investing and risking are juxtaposed and will be side by side. The only thing that will dictate the worth of your risk is to where you are risking it. Bitcoin is a good risk, I may say, however I suggest that you divide your money and invest at other things. Investing in several firms increases the chance of profiting bigger, wherein sticking to one firm does not guarantee you profit. Don't turn in all of your money to bitcoin, you can trade, or invest in other businesses. Only spend the amount you are willing to lose.
member
Activity: 65
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Holding BTC for money is risky anyway but with seg2x fork coming, can say sounds even worst Smiley
full member
Activity: 430
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Yes. There is a high risk possibly. When you invest, first, you think if it is the right thing to do. You have to make sure if you are making the right move. Investing is very risky. Usually in bitcoin. It is so volatile and the value is variable. It changes every minute or every hour. And, you have to make sure that you will not be scammed. It happened to me once. I invested too much money and got scammed. As of now, I am moving on and I am planning to earn again.
sr. member
Activity: 552
Merit: 250
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

No its not risky why because we right now bitcoin was going to banks of currency if you want to turn all your money to bitcoin that was nice because you can earn as you can not like in bank so that right now our country men continuesly knowing bitcoin and if we predict the future they proposed one world money so that dont be affraid to turn your money to bitcoin.
member
Activity: 140
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. Just like Dollars if you put it to forex. But its up to you on how you will handle your bitcoin you got to be smart in order for you to earn in bitcoin.
full member
Activity: 319
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, bitcoin is a risky thing on Internet. And turning your all money to bitcoin is also a risky thing. Bitcoin is unstable and what if when you convert it the proce of bitcoin bumped down so it is not good for you.
full member
Activity: 336
Merit: 100
For me yes because the value is unstable, and its not yet legalized by Govt, How was it, if you invest all  your money in bitcoins and there is tendency that bitcoins will immediately banned in your country, Without expectation i guess the value will suddenly change rapidly decreasing, Then you may find great loss to your investment.
full member
Activity: 377
Merit: 100
MenaPay - Crypto made easier than cash
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Even if the market value of Bitcoin is continuously increasing, I believe that turning all your money into Bitcoin is risky simply because Bitcoin js still volatile. There's always a tendency that its value will drop or suddenly change. It is more advisable to convert only half of it so you won't regret if any anomallies happen such that what I've mentioned.
full member
Activity: 210
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in the first lesson for investing they teach you to not to invest all your money in one investment tool. you should always divide it to manage risks.
hero member
Activity: 966
Merit: 507
Of course it is very risky and reckless, since any investment decision needs thorough analysis and a well-planned strategy. Changing all your money for bitcoins seems to be more like an emotional decision than a proper business plan. However I do think it convenient to acquire bitcoins without having to invest all your resources.
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