is it risky to turn all my money to bitcoins? - page 147.

danjonbit

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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!

if youre gonna turn your money to bitcoin, you can bit at risk if you will go on trading or putting all of your bicoin in a scam wallet, but for now as per the market value if you bitcoin now you surely will have a profit in the future, bitcoin is increasing and thats good to see

Feri577

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Of course I would not recommend you to risk all your money because it will have a negative impact on your personal life should always look at bitcoin prices. Maybe you will see the development of bitcoin prices are always up and down in my opinion it is very stable because of the development of the present day so bitcoin prices go up

mornabo

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Quote from: Dannaey on October 25, 2017, 01:28:36 AM

Quote from: betMaster on October 24, 2017, 03:00:55 PM

We can't deny that risk does exist when taking such decisions since you are putting all your life savings at stake and risking their actual value to drop significantly if bitcoin's value drops , yet you are also taking the chance that your funds could grow or even double their value just in few days . It is a risky move but with higher risks comes higher rewards and your life could change depending on bitcoin's value . As for myself i wouldn't ever take such risks cause i don't want to put my financial status under any pressure and thus ensuring a stable situation for myself and my family .

That's the point. If you put all your money in one, this will put you in stress if Bitcoin's price drops. Though it will make you rich or earn much if Bitcoin's price pumps. So with this consequence, I suggest not to take all the risk. It might get you broke when you lose. Unless you really have plenty of money that will come.

of course the profits will be greater if you use all your money but of course the risk will be even greater, imagine if the price goes down of course you will panic and stress because you must be very big lose, i think you have to know about plan so you will not endanger your life by using all of your money is at great risk

Pakar11220

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you ask a very good question, for awhile i ll in thought if a person money is in the bank and he will move its prices from bank to bitcoin, so i cant say anything about this that it is risky, i dont think so millions of people working on bitcoin and they receive the full payment.only the if bitcoin price depreciate in one to 2 days you will be in high loss.

Loves

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For my own opinion, turning all my money to bitcoins is not risky. Because bitcoin is continuesly increasing and it has been established well and many companies are also investing alot in bitcoin. It is secure to turn all my money to bitcoin.

enwi

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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!

of course risky if you put all your money then you will lose all your money or will lose if you do not have a good strategy, you should just put some

CarnagexD

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Quote from: badungs on October 05, 2017, 06:02:21 AM

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 what turn all your money to bitcoin? what about your need? for life everyday, to buy stuff or whatever what you need.
you can get more money if you can, but you can loss all your in one turn

To put all of your money into bitcoin is a bad idea because it is risky. All of the users who wants to invest his or her whole money on bitcoin must be ready to face whenever their money will lose some or worst will lose all. Bitcoins price is unpredictable at times. Yes your money mighy rise or double up but it is all up to you if you wanna take risk.

trk

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Of course it is, just like stocks although BTC is steadily increasing in price aside from up and down in the past
But still do not put all your money into one basket, diverse your investment

willmunte

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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!

I do not think it is good if you want to make all the money into bitcoin. You should spend a small amount of money investing in altcoin.

Chachacoin17

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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 risky dude. No matter how bitcoin sounds so promising,still we never knew what lies ahead. Save some of it in case of emergency. Invest also to other investments that you are also confident with it. Study and learn first before you invest into something. Never put al your eggs in just one basket.

babygun

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Never put all your money in one basket, always diversify your portfolio. Also only invest money that you are willing to loose, because bitcoin is quite volatile and prices can drop (or go up) very quickly.
Before you invest, do some research about bitcoin by reading this forum, blogs, news sites,...

panganib999

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Quote from: nesty on October 05, 2017, 06:07:49 AM

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 is very risky as an invetor do not put all eggs in one basket because the crypto market is volatile if bitcoin decreases you might loose more of your investment but if you know how to play the game of trading you can tolerate the risks you will encounter.

To think about putting all your money into bitcoin is not a good idea because it is very risky. Bitcoins price is so unpredictable that sometimes it rises all the way up and drops down very low. You may lose all of your investments or worse you might lose more than what you invested. You gotta be smart with your decisions so you will not repent.

andylowe

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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!

Risk is always present everytime you invest. Though the chance is really high that bitoin will still soar over the years, still it is not wise to put all your money on it. Save for emergency fund so you always have cash in times of emergency. Never put all your investments in just one vehicle. Diversify it and know all the risk. The most important is you are well informed in what you are doing.

Ridwan Fauzi

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In my oppinion from beginner knows bitcoin, you must understanding more about bitcoin before deciding to invest all your money in bitcoin. Because I know the value of bitcoin can change at any time. But when it talk about risk, I think an investor should be ready to bear it.

gulshan1

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Yes,it is totally risky to invest all money to bitcoin.An inteligent person always make a portfolio for investment into different sector not in a single sector. Because bitcoin price go and down, and no body know that what is the right time to enter or exit in bitcoin.Suppose you enter at high price and bitcoin come down from your buying rate then you will wait for recover your money and also again wait for your profit.This is also major issue at the time of investment. One person said that do not put all eggs together in the one basket.

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Quote from: TheGodFather on October 25, 2017, 02:26:38 AM

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 YOUR money sits on the bank and it mght be very attractive for you to use up all your money on investing on bitcoin. however, one should know that bitcoin is volatile and very unpredictable and though its rewards might be great its risks are somewhat still there and you should preach patience.

The price of bitcoin is very unpredictable and that is the reason why it is risky to turn all your money into bitcoin and i believe that bitcoin is a good investment but it is not worth it to bet all your money into this because you might regret it at the end of the day which is not a good situation to happen so prevention is the best and you not be greedy into investing even it is for bitcoin.

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Quote from: TheGodFather on October 25, 2017, 02:26:38 AM

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 YOUR money sits on the bank and it mght be very attractive for you to use up all your money on investing on bitcoin. however, one should know that bitcoin is volatile and very unpredictable and though its rewards might be great its risks are somewhat still there and you should preach patience.

Agree, a lot of people are attracted in investing a huge amount for bitcoin. They may have some profit after months or years but we cannot tell what will happen that time, if bitcoin is still alive or bitcoin value will go down drastically. We may invest some amount but we should never invest all our money in bitcoin. We can never tell what will happen in the future.

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Quote from: culuuton on October 25, 2017, 01:58:15 AM

That is a very risky decision, i don't dare make it. If I could have seen the future I would have put all it into bitcoin but i only keep my spending low and put most of my surplus income into bitcoin.

Even if you have the grace to see the future of bitcoin it still not good to put all your eggs in one basket and it also not good to be greedy which I think is the main reason why satoshi left bitcoin back then. Don't get me wrong, we all want to make money but sometime we need to take a step at a time.

Edt : easy does it

TheGodFather

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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 YOUR money sits on the bank and it mght be very attractive for you to use up all your money on investing on bitcoin. however, one should know that bitcoin is volatile and very unpredictable and though its rewards might be great its risks are somewhat still there and you should preach patience.

Magic Sarap

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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 surely risky since Bitcoin is volatile. It will be necessary if you'll only turn half of it as an investment and the remaining will be what you'll use for your needs as an individual. Bitcoin is volatile so there's always a achange on its market value duch that its value sometimes is low.

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