is it risky to turn all my money to bitcoins? - page 146.

doomistake

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Quote from: saiteja01 on October 25, 2017, 08:05:11 PM

Yes it is risky to turn all your money to Bitcoins because apart from the growth factor Bitcoin also have several risks in it which is not safe.But if you take risks then you will be something in this world but also be ready for the losses.

There are two options: 1.) If you have a lot of money, money is not a problem to you at all, then you plan on buying bitcoin with all of it, I guess it is not risky at all, because you could make profits in a very short period of time when bitcoin PUMPS after you bought some on a DUMP state. 2.) If you want to risk all of your money, because you wanted to earn that bad, you have to make a tough decision, you could risk all of your money, and if you have changed your mind after you bought bitcoin with all of your money, then you could just simply sell it and you have your money back, with your profits maybe.

In my conclusion, bitcoin is not risky even there are some people thinking it that way, but it is really not. It is a good way on how you could earn money on a very safe and easy way.

Millzp0

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Quote from: SvenBomvolen on October 05, 2017, 05:43:57 AM

Do you think it's not risky to hold money in the bank? Cheesy

it is risky. But Bitcoin will bring you 300% growth per year, but how much your bank gives to you? 5-10% per year.
I have heard stories about people who take a loan in a bank and buy Bitcoin with those money. And it really can be profitable, cause of Bitcoin will give you +300% and for loan you will pay 10-20% provision Grin

So, think yourself what is more risky here and more profitable.

you were the first positive comments I came across since the start of the thread. I presume majority of people are not risk takers and not quite good decision makers. if you made enough money to risk all your money and put it all into bitcoin then even if bitcoin fails you still will know how to get back on your feet.
there a reason why only 1% of the population is rich and that is because they did what absolutely no one else would agree to do.

4p0l4k4y

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I would strongly recommend for you dude not to do that specialy if you are just new in the bitcoin world. Try learning everything about bitcoin first and how to earn from it before making a big risk. Thank me later Wink

cryptohome

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yes it is absolutely very risky unless your prediction of market is 100% right, which is not possible.
Always have some reserve, and put in just the right investment which you feel is worth risking in some cases. Not that you will lose it, but it's always good to be on the safe side no matter what.

rasmadisulaiman

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Obviously it is very risky. You must have a well planned investment details, do not be rash. Learn before acting, siasati 2 to 3 steps forward if you experience things that are not desired.

MOTHIT

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Yes you can turn your money into bitcoin but If you decide to turn all your money to bitcoins is not advisable you should keep some part of your money as backup so if you need money very urgently that time you should not break your investment which is working for your benefit. When we invest all in one during the critical situation we panic ourselves and start to take wrong decision that time also we don't get any other option the collapsing our investment programme.

So it is always advisable to not to invest whole money in one keep some backup.

di.ako.toh

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For me its yes, turning all your money to bitcoin is quite risky. Bitcoin prices is moving, its value goes up and sometimes down. Putting all your money to bitcoin just like investing all your money may result to greater returns or greater loss. Also its hard to find markets accepting bitcoins in our daily transactions.

bazdarx8

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Yes I believe it is very risky to turn all your money into bitcoins because nobody knows how the future will be if you invest all into bitcoin, and its a lot better to keep almost all your money into your savings then invest everything into bitcoin, I would said invest in some if you can and still keep money in the bank.

kobmat

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes it is very risky because you do not know when the bitcoin will rise or fall. You're lucky if the bitcoin is increasing and so sad if it is decreasing.

shinno

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It it risky to turn all your money into bitcoins. Try to turn half of them or just a little amount of your money ti investigate about bitcoin then if you have real profit, that's the time you spend all your money on bitcoins.

MarkusIsaiah

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It is risky in a way that we do not know when the Bitcoin will end but if you are into risk it is good to turn all your money to Bitcoin it will reward you in the future but again like what i said you do not know when will the Bitcoin end.

SummonKing2

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It's really risky because when the price of bitcoins falls, the amount of money you'll eventually lose. So think about it so you do not have to put all your money in the crypto because when it falls and you even have the money you need you will find it.

MommyElsa

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

For a mommy like me, i will always think a good future for my family. I will invest at least 50% for assurance that i still have a money with me for any purposes. I will talk with my husband first before investment takes place, if he agree about that i will go for a 50% investment. Too risky for 100% all in for a starter and mother like me. I can't sleep anymore if i do that.

saiteja01

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Yes it is risky to turn all your money to Bitcoins because apart from the growth factor Bitcoin also have several risks in it which is not safe.But if you take risks then you will be something in this world but also be ready for the losses.

Terry05

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Quote from: artras on October 24, 2017, 02:51:50 PM

Never Invest More Than You Can Afford to Lose!!!

Absolutely true! We all know that the price of bitcoin is not stable. We dont know when the bitcoin price will fall or go up. Its a matter of timing and good luck . If you want to earn huge profit ,you must be willing to take also the big risk.

Phyton76

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

No it is not risky to turn all your money to bitcoin because bitcoin is already tested to be legit. Bitcoin has already helped so many people and is bitcoin is a very helpful thing in making so much money. Bitcoin has already helped so many people and has been effectively and consistently provided things for people.

DoublerHunter

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Quote from: TonixGaming_14 on October 25, 2017, 07:44:24 PM

Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

it depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it . However there is possible your money will increase if you convert in bitcoin.

Of course there is a huge chance that the price of bitcoin will move up then the amount of your money that you putted in bitcoin will increase too because bitcoin is an investment and because of that chance to invest, you will get a chance to increase your money by just waiting for the price to go up. If you are planning to put all of your money to bitcoins then it is just risky.

TonixGaming_14

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AGATE

Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

it depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it . However there is possible your money will increase if you convert in bitcoin.

Zabrielle

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For me, it is a big yes. You dont invest all your money in one particular business. As what i read about business and investment, it says you invest with not only one business. So you have to divide your money. Just incase you fail at least you still have something. In bitcoin the rates are not stable, sometimes its high and sometimes very low. So invest wisely and study the business.

KevinSutrisno

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right, very risky when put all our money into Bitcoin because this is an instrument that fluctuation rate is high enough that the risk is also quite high too. you should place your funds that are devoted to investment just so you are calm and comfortable when investing in it.

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