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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.
Topic: is it risky to turn all my money to bitcoins? - page 145. (Read 37348 times)
Certainly I will not recommend you to risk all your money, because it will negatively affect your personal life, you will have to constantly look at bitcoin prices. Maybe you'll see meaningless numbers in your dreams 
True, you should also spend your money to the things you love and enjoy your life as long as you can regardless of your financial status. Investment is a good way to secure the future but it is nothing if you can't enjoy your present. We all should live a balance life while in pursuit of our happiness and I think we could finish and do our job well when our mind and body are in good conditions which is also a form of investment for our future.
I think it is risky to turn all your money to bitcoin since it's price is not yet stable, if something bad suddenly happen nothing will be left to you. It is better to turn only half of your money so that you would not feel afraid everyday looking at the price of bitcoin. But be positve because i believe bitcoin price will continue to rise.
Yes it's always risky to put all of your eggs in one basket because we don't know what will happen to bitcoin. Put only the amount you can afford to loose.
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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.
It is risky but there're some people who even sell their house to invest in Bitcoin and so far, they're profiting from it. The interesting of being a risk taker is people will call you a fool when you fail and they will call you a hero when you succeed.
My 1st rule in investing is never invest more than you can afford, there's must be a plan B.
My 1st rule in investing is never invest more than you can afford, there's must be a plan B.
In my humble opinion, yes that would be so risky if you don't know how to hold your coins properly. You might get lose all of it when the time that bitcoins get down. So, what I did is that I cut 50% of my coins and put it into my bank savings account and that's it! Sometimes I also use my coins for trading, but that is for long term investment and as of the moment I raised my investment into 30% which got useful for me as a newbie to this kind of industry.
Its risky to turn all your money into bitcoin. Sometime bitcoin price goes up and sometime down like a few days ago.
This is a gambling if you turn all my money to bitcoin, and I suggest not to put all the money to bitcoin, we never know what will happen with tomorrow, next month or next year, better for investment portion and the best choice is no more than 50% of total assets that we have.
the decision is in your hands. if you want to turn all your money into bitcoin and leave the bank it is definitely a risk, but if you save in bank your money will be safe and not move.
It's definitely risky. Im not saying you shouldn't do it. Time it right and there's going to be a return. There are no "risk-free" investments but bitcoin is especially riskier because of its volatility. But that's also the one thing that makes it a potentially high return investment.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it's risky to turn all your money into bitcoin. You can invest some of your money but not all. Imagine you can lose anytime. More risk, more profit but invest only what you afford to lose.
It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Being a business student and practitioner I have learned one thing from my studies and as well as from my personal experience to not to put all the eggs in the same basket. Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Wara never know what is gonna happen in the future because anything in this world is not 100% risk free. Therefore, whatever the step we take towards investment we must make it sure to minimize the risk. It is much better to diversify your investment into various tracks.
It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Being a business student and practitioner I have learned one thing from my studies and as well as from my personal experience to not to put all the eggs in the same basket. Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Wara never know what is gonna happen in the future because anything in this world is not 100% risk free. Therefore, whatever the step we take towards investment we must make it sure to minimize the risk. It is much better to diversify your investment into various tracks.
It is risky if you don't know anything about it and you didn't secure your wallet/account. Hackers are very intelligent nowadays. They can detect if you have any bitcoin. It is wonderful to engage it crypto but you must be careful.
Well I know some of the rich people in my country or in simple word you can say they are billionaire and they investment a very huge of amount in bitcoin and believe the way they got a profit from it I can’t tell you now they buy a lot of properties and now they increase their money and businesses so I believe that bitcoin is totally safe and sound for investment. 
It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
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.
I think it's too risky to turn all. You may turn 30% at most
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Don't invest all your money to bitcoin. Make it half. So you have savings in case of emergency. You will never know what would be the consequences of investing it all in bitcoin so for safety reason save atleast half on the bank just let it sit there.
There is no risk in converting money into bitcoin. But there are many factors to be kept in mind. Everytime you are converting money into bitcoin, there is already a deduction for the conversion of money. The price of bitcoin is also still fluctuating so there is a chance that your bitcoin will be very low but will also get profit of the price of bitcoin goes higher. The only risk is that if you gamble bitcoin, there is a risk that you can lose it all.
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