Topic: is it risky to turn all my money to bitcoins? - page 149. (Read 37348 times)
I think that's not a wise choice. Despite currently, btc prices are growing quite stable. But I think investing all your money in btc is a risky thing to do. Because in the present circumstances it is not that good for btc.
Being a digital currency, it is risky to put all your capital in Bitcoin. You allocate only a percentage of your capital to it .
I do not think it would be risky to put all your capital on bitcoin, because bitcoin prices will go up every year, it's because more and more people know about bitcoin. if your bitcoin is high, just sell some of your bitcoin when bitcoin price is very expensive to return your capital.
I think it is a terrible idea to trade all your money for bitcoin. Because with bitcoin it is always uncertain how it will turn out tomorrow, it might get better or the other way around. if your investment grows larger then it is good for you, but if you are unfortunate then you might lose all of it. Therefore, it is certainly wiser to keep some of your money with you.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think its a bit risky for us to turn all of our money into bitcoin, and turning your money to bitcoin would require you to convert it to fiat money every once in a while, since most of our transactions or payments that we are doing are in fiat money. But the good thing there is that, you could grow your money and make lots of profit in no time.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is not only risky to turn all your money into bitcoin. It is also not practical because bitcoin is not yet widely accepted as payment in commercial establishments. I think you can hardly purchase all your daily needs with just bitcoins to use. With some of your money sitting in the bank, at least they are insured in case the banks will go bankrupt. When bitcoin goes down, it will be gone forever. That is why you need to diversify your savings.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Putting all your money in any investment is so much risky. Why don't you save atleast 50% of it. If trading follows your instinct your invest of 50% can be doubled. If you did not make it good then, you can have your another 50% to invest.
Bitcoin is probably the safest coin you can buy right now, but the risk is still very high, so pnly invest what you can afford to lose. This gets thrown around a lot for good reason! Diversify your investments into other venues aswell to be on the safer side if things go south.
Yes too risky! I woild suggest go in gold and silver too if you really wanna get rid of fiat!
I would advise for starters you can put 50% of your bank savings into bitcoin, but if you're such a risktaker you can put 80% of it if you really want to.
Bitcoin price is unpredictable but according to the prediction of others, the price of bitcoin until december will stay on $5000+.
Bitcoin price is unpredictable but according to the prediction of others, the price of bitcoin until december will stay on $5000+.
Being a digital currency, it is risky to put all your capital in Bitcoin. You allocate only a percentage of your capital to it .
Turning all the earning into bitcoin is risky, but what it provides as an profiting is very big. Importantly till date none had lowered their own living standard just because of investing into bitcoin. If something has taken place, surely it'll be of the users mistakes.
Don't risk all your money in just a single investment as always, figure out how much you can loose and invest regularly over time. Otherwise you might just catch a recent peak. Also you need to set your target, are you a long term investor or day trader.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think it's highly risky because bitcoin is volatile. But, if you want to be profited you should turn all your money to bitcoin when the bitcoin price is low. Then if bitcoin price rise again exchange it again to a real money. By doing that I think it will lessen the risk of losing all you money.
All invest have their own risk, so always be wise investing, I'm not saying that Bitcoin ain't good to invest money on but as investors says invest what you can afford to lose, so if you can afford to lose all your money then go, the stakes are high but if you're luck then the return would be magnitude.
I think yes it will be risky if you will put all your asset in one business,. i think it is too much important for you to distribute your investment in different kind of business for security reason and for getting smooth income purposes.
For me its risky because we cannot tell what will happen about bitcoin in the near future. But investing in it will give you profit if value of bitcoin will continue to increase. Just invest what you can afford to lose.
Yes Dude too risk, if u put all of 'em to 1 bucket, if you want shock therapy(value decrease, for a while i think)..but did you know "high risk high profit"
It is not just risky but foolishness to turn all your money into any volatile trade or commodity, including bitcoin. As a thumb rule you must define a minimum monthly savings, after you have deducted of all your fixed expenses and commitments. After this you could start investing a small part of your excess savings. In this way you can sustain if the prices go low and also hold long for better returns.
Maybe it is not advisable to turn all your money into bitcoins because not all establishment is accepting bitcoin as payment and in times of emergency like hospitalization and etc. and you have no cash or normal payment for them then it takes time again to convert it back into your real money.
Basically, investment / speculation is done with surplus funds, but again I think that one can reverse it and invest in things that I can believe.
Yap, it's very risky how if bitcoin price is decrease until 200% when you buy it. Never use all in bro, it' very risky. Although you very sure bitcoin price is gonna to the moon
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it would not be risky for your if you would to turn all your money into bitcoin because i believe that it would really help you a lot if you would invest your money in bitcoin. Because the value of the bitcoin becomes higher from time to time and from that you can gain so much money from bitcoin. It would be a big help to you. Jump to: