Topic: is it risky to turn all my money to bitcoins? - page 142. (Read 37348 times)
Bitcoin is digital cryptocurrency it not fiat order like real currency.So its risky to turn all money in bitcoin and also it price is not stable.
Yes, it is too risky to turn all your money to bitcoin because of the volatily of the cryptocurrency. It is advisable to invest only the ammount you can afford to lose since bitcoin is unpredictable.
It is really so risky mate no matter how much is that but certainly turning all your money in bitcoin will totally so risky. But it is really more profitable than sitting your money into bank because its profit is so hard to dig on it takes years to see.
But this will be a reminder mate, never put your money which you cannot hold for lose.
But this will be a reminder mate, never put your money which you cannot hold for lose.
Certainly and I would advise anyone who is thinking of doing this to take a long hard look at it and probably get out of investing before you make yourself bankrupt
The basic rule is - do not jump more than you can lose. Yes, it will be painful and insulting, but this is a cruel world, and all ways to earn big money are accompanied by greater risk. And despite the fact that bitcoin is one of the safest options for investment, anything can happen, unfortunately. You can invest in altcoins, ETH for longevity, trade coins on the exchange - the crypto currency gives a wide enough scope for activity. And you can not invest at all. It's only your choice.
I read about a man in Australia who did just this. Turned all of his money into bitcoin (sold his house / all assets etc). Then took his family travelling paying for it by gradually turning small amounts of bitcoin back into fiat wherever he was. Sound like an interesting idea, but too risky for me
Of course there are always risks, but they can be reduced if you invest with intelligence. Yes, and it seems to me that Bitcoin has the least risks compared to other crypto currencies, and sooner or later Bitcoin can put them up
I am also thinking like you. I really see the tremendous potential of bitcoin in the future due to the adoption of bitcoin all over the world. Putting all your money into bitcoins is an effective investment.
It will be risky to put all your money in Bitcoin investment. It should be certain percentage and use remaining for other offline investments
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
High risky to turn all your money to bitcoins in light of the fact that this year bitcoin give us a lot of benefits my assessment is bitcoin at the present time on the top level but fundamental change anything.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think on curret stage of game this is worst time.
Time to buy bicoin is when noone wnat touch it like ill people.
You need good entry and exit stragy like:
i buy deeps 10% of capital .
Inesting in Bitcon is great even today but we have hudge risk now.
For me I don't think much risk for now, because bitcoin price still on development to higher value in sooner time. If most of the speculations now coming out I guess they just make rumors about it, and I can recommend to all people having extra savings of their money to really invest their future with bitcoin. That's better idea rather than saving it in their vault and making it stagnant without gaining any profit due to its a fiat cash currency. If we compared it when invested to bitcoin asset it may be doubled in less than a year of holding, and although there's a risk I don't think so all that risk on all investments is exempted with that; we are all part of it as long because you won't be successful if you don't take risk your money.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
High risky to turn all your money to bitcoins in light of the fact that this year bitcoin give us a lot of benefits my assessment is bitcoin at the present time on the top level but fundamental change anything.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think on curret stage of game this is worst time.
Time to buy bicoin is when noone wnat touch it like ill people.
You need good entry and exit stragy like:
i buy deeps 10% of capital .
Inesting in Bitcon is great even today but we have hudge risk now.
I think it's very good as long as bitcoin still runs smoothly, if you want something big then investing in bitcoin is wrong a good solution, while bitcoin will still continue to increase until the end of this year..
Yes that's definitely risky, you should not turn all your money to bitcoin for it might be hacked or the value might go down. Instead of turning all your money to bitcoin why don't you invest in different cryptocurrencies? That will help you you to earn more money than spending all your money just to buy bitcoin and wait until it become huge.
There is no way you can turn all your money into Bitcoin,you will always require fiat, It can only happen when a Bitcoin has been accepted globally tht even the unskilled can use then youc can transfer all your fiat to Bitcoin.Still a longtime thoum when the use
it is safe for a else one year imho, then you need to check out situation, because hype can go down
since april I have been putting all my money in crypto, mostly bitcoin. And I'm loving it. Though I'll probably stop after next month. Gotta get back to paying off loans and it's getting hard to accumulate any decent amount of bitcoin now. Putting all my money in bitcoin for this half year plus is gonna change my life in the next five years!
Its hard to recommend putting all your money in bitcoin. But as long as you aren't gonna lose your job anytime soon and you keep at least a little bit in the bank for an emergency, sure it would be deemed "risky", but in terms of making lots of money bitcoin is about as sure as it gets so I don't consider it risky.
That said, diversification is very smart. After this year, any investments I make will be outside of crypto in more traditional markets in order to diversify my portfolio even though those gains will be much much slower than bitcoin.
Its hard to recommend putting all your money in bitcoin. But as long as you aren't gonna lose your job anytime soon and you keep at least a little bit in the bank for an emergency, sure it would be deemed "risky", but in terms of making lots of money bitcoin is about as sure as it gets so I don't consider it risky.
That said, diversification is very smart. After this year, any investments I make will be outside of crypto in more traditional markets in order to diversify my portfolio even though those gains will be much much slower than bitcoin.
Yes it is risky to turn all my money to Bitcoins. A good idea is to diversify your investment in other crypto currencies.
it's very risky, do not put all your eggs in one basket
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