Topic: is it risky to turn all my money to bitcoins? - page 144. (Read 37350 times)
Dnt put all of your asset in one bite-i maintain this.why all?use on the basis of your profit and keep some for the back up
It is bit risky to turn all the money into bitcoins because of main two reasons ..
The bitcoin is highly volatile , it keeps changing in fraction of seconds and there is a high risk that when you withdraw your money bitcoin's value hikes up. So there is a need to keep some of bitcoin with yourself and manage it in an efficient way by checking the current value and price.
Another reason is that still bitcoin is not accepted by many governments so if you withdraw a lot of money out of bitcoin questions can be raised against you.
The bitcoin is highly volatile , it keeps changing in fraction of seconds and there is a high risk that when you withdraw your money bitcoin's value hikes up. So there is a need to keep some of bitcoin with yourself and manage it in an efficient way by checking the current value and price.
Another reason is that still bitcoin is not accepted by many governments so if you withdraw a lot of money out of bitcoin questions can be raised against you.
Don't Put All your Eggs in One Basket - basic investment rule.
is it risk to turn all the money in bitcoin ?
in my opinion, there are some things to be attention if we want to invest in bitcoin. some of them are as follows:
1. the bitcoin range price is very volatile.
2. bitcoin trading is risky.
so in conclusion no one is not at risk in this world. I just advise you, do not put all the eggs in one case. do not keep your money in bitcoin only, because the risk is very high.
in my opinion, there are some things to be attention if we want to invest in bitcoin. some of them are as follows:
1. the bitcoin range price is very volatile.
2. bitcoin trading is risky.
so in conclusion no one is not at risk in this world. I just advise you, do not put all the eggs in one case. do not keep your money in bitcoin only, because the risk is very high.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes its risky. Better divide it in the bank and in bitcoin. Your money in the bank will be secured but of course with less returns or interest. However, in bitcoin you grow it higher than a bank deposit. Of course its risky also because you can have losses. Unlike in the bank that what you put in when you get it back its the same. Its purely saving with lesser interest. So better have both to have your money for security and money for investments.
You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.
For me yes, it is risky to turn all your money to bitcoin. Even you can profit a bigger money into bitcoin you can’t change the fact that bitcoin price is not stable. A bigger investments have a bigger risky. In the end spend money into bitcoin that you are afford to loss, maybe in the end bitcoin price fall down.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes of course very risky because you can lose all your money and you will lose bankruptcy just because put all your money in bitcoin, bitcoin price is unpredictable if you are lucky you will get many advantages but if you are not lucky then you will experience big loss , you better put money in bitcoin only a few, and the rest remain in the bank
Why it is risky? If he has ability to do investment or trading then why not he should try it. But i am agree on point with you, the risk is that if he is using his all money, better for him to invest on bitcoin little money and then test it, if he get profit, then continue it. But i rely he will always in a profit if he invest his money on bitcoin.
Putting your money anywhere is risky, even in banks. Just choose which one your prefer. 
Actually the risks of very high. WE don't know the future and maybe one of these days Bitcoin will cripple alongside with all Altcoins..although Bitcoin's speculation to $10k is very high e can't assume that would happen according to the experts predictions. Don't put your money to Bitcoin but only portions of it.
Dont put your money on bitcoin only. If you save your money, you can be ready for what happen atleast you have a money for some needs when you wait for rising the bitcoin.
It doesn't make any sense, either we turn all of our coins in bitcoin or not, we are still going to get our money back if we are going to sell it, simple as that, so there is no reason to doubt it and hesitate because I assure you that it is worth to try.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Follow your heart but never forget your brain. Always remember that bitcoin is a long term investment so it requires a lot of time and a lot of patience. Holding to it until such time you can hear the money talks. It is still a good idea to save up at least a little in the bank in case of misfortunes. Nothing beats the investment which you know put up with for a long time.
in my opinion, there is no risk investing all of your money in bitcoin. I believe that in long term bitcoin will certainly rise. but for me, I wouldn't dare doing it. 
maybe you could just download an app that could track down your investments and pretend like you invested all your money on BTC, write it down on the app and see how it's going. in a couple of months you'll see if this would be a right step or wrong.
maybe you could just download an app that could track down your investments and pretend like you invested all your money on BTC, write it down on the app and see how it's going. in a couple of months you'll see if this would be a right step or wrong.
Of course, it's risky to put all your money into bitcoin since bitcoin's price is not stable, it will not guaranteed you an easy money especially if you're only targeting a short term investment. You should try to put your money for long term investment so that this will give you more profit at the end. Investment always come up with a risk but we should know how to minimize it so that it will regret it at the end.
It is very very risky. Bitcoin price may continuously increasing (the rise is higher than the price fall), the interest that you might get from BTC compared to banks may be attractive and tempting. But risking all your money, I don't think it's advisable. BTC's volatility ia very high. It's always up to you.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Bitcoin has a reputation for the ability and its characteristic to have stayed and suvived this long. Howver one of its major flaws is its volatility and umpredictability which have hampered capitalists and invnestors on being completely getting sold on it. That is why ai think it is not wise to turn all your money into bitcoin just yet
Dont put your money on bitcoin only. If you save your money, you can be ready for what happen atleast you have a money for some needs when you wait for rising the bitcoin.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes of course very risky because you can lose all your money and you will lose bankruptcy just because put all your money in bitcoin, bitcoin price is unpredictable if you are lucky you will get many advantages but if you are not lucky then you will experience big loss , you better put money in bitcoin only a few, and the rest remain in the bank
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Everything has their own respective risks. That money in your bank is your financial support. I cannot tell you what exactly to do but remember if you ever decide to buy bitcoins in large amount, be sure you still have some money left. You cannot live entirely dependent to bitcoin. Combine them! Use each other's advantage to cover up the disadvantages. Fiat or crypto, they are still both money so use it wisely.
Why then sometimes we go to extremes. In my opinion, everything should be done judiciously. It is not necessary to translate everything into bitcoin. Also, it is not necessary to earn all the money. In any situation, you have your part, be happy.
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