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Topic: is it risky to turn all my money to bitcoins? - page 15. (Read 37346 times)

member
Activity: 476
Merit: 12
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Many people say that if it turns out to be all Bitcoin, it is very risky because it is risky, I also think that Bitcoin should not be turned into money and should not be kept. but there are also many risks that Bitcoin is a place that many people think of investing in Bitcoin.
member
Activity: 168
Merit: 11
Yes it is!
if you are an investor and have a stable work investing all your money in bitcoin is too risky, me as an stock investor we are train to allot a special money that is only saved and used only for investing purpose. It is using the diversification method were you minimize the risk in investing it's about managing your portfolio by holding a variety of different investments that have low correlations with each other.
full member
Activity: 384
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

risk is always there in this investment, for that you must be good at analyzing the rise and the price of bitcoin. I think many factors can affect the increase and the price of the turmoil and you can learn it through references that you think good and reliable, to reduce the risk of loss . I see the rise in bitcoin prices is so high that you have a great chance to earn huge profits, but if you still hesitate try to change your money partly first. hope we all can get big profit through bitcoin.
newbie
Activity: 64
Merit: 0
yes it is risky man.
i think you should use bitcoin as your investment only, but not using all of your money
full member
Activity: 294
Merit: 100
When you buy bitcoin at a high price and sell bitcoin at the current downtrend, it is a risk you choose yourself. Be calm and do not panic at all, keep save your bitcoin until bitcoin price returns or even soar. I'm sure 2 or 3 months ahead Bitcoin will be back to normal.
full member
Activity: 325
Merit: 136
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes indeed with the current situation now of the crypto market everything seems falling down weather its bitcoin or the alternative crypto currencies. So better think first and be wise in which coin are you going to invest. But definitely today will be a good buy because you can buy coins at a lower cost it means coin sale. Grab it till the value grows.
newbie
Activity: 36
Merit: 0
Yes, it is. Bitcoin is very volatile. As of now, Bitcoin has dropped very much in the past few months. so you should not put all eggs in one basket.
member
Activity: 406
Merit: 11
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Investing in cryptocurrency carries risks and you should be aware of that. Don't invest all your money, only those which you can afford to lose because anything can happen in cryptocurrency. Although you can make profit 10x but also be prepared to lose said investment.
member
Activity: 98
Merit: 13
I think it's rather risky. Experts advise to turn some money into bitcoin, to keep some one on your pocket for your everyday needs and some one to secure on banks. Because the price of bitcoin can change quickly.
newbie
Activity: 147
Merit: 0
Putting all your money is a lot of risk. Bitcoin is very volatile, it has its ups and down, but then investing your money in a any bank with a very low interest rate,you can put your money in bitcoin and be patience to wait for it ups, in that so you can definitely earn a lot. However,if you wanted to be sure of your money, you can invest in bitcoin and at the same time invest your money in a long term invest where it can a little bit higher than a short term investment.  
full member
Activity: 336
Merit: 100
In my opinion its not risky to convert you extra money into bitcoins for now is the time to buy bitcoins. For when it turns its highest peak you'll be lucky to earn that much..
member
Activity: 72
Merit: 10
Yes it is risky putting all your money into bitcoin because you cannot tell what's gonna happen tomorrow bitcoin is so unpredictable today it has a good value but you may become surprise tomorrow it no longer have the price it has today and may suddenly crash and lose its value..so better safe and do not put everything you have in a risky situation
member
Activity: 168
Merit: 10
Yes ofcourse it is risky , what happens if btc is banned in most country's  .
Just put in what you can afford to lose.
member
Activity: 132
Merit: 11
Streamity Decentralized cryptocurrency exchange
Yes, the risk is very high if you are planning to invest in cryptocurrency, higher if you decide to put your money in just one investment. Cryptocurrencies are a high risk high reward asset, sometimes it may rise rapidly, sometimes it will just drop, one way to mitigate the risk is to diversify your investment, invest in multiple coins, there are a lot of good coins aside from bitcoin, like Ethereum or Ripple. You can also venture into different income generating activities like joining bounty campaigns or Bitcoin mining.
sr. member
Activity: 406
Merit: 254
BookiePro.Fun - The World's Betting Exchange
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Of course it ia, you should need to know the Bitcoin price first before you convert your money, it is a big risk if you just convert it without thinking what will happen next, you should know and read first what will be the possible outcome if you convert all your money Bitcoin. We all know that if the Bitcoin price drops down and when you convert your money you loose some of your Bitcoin which is invested in digital wallet so think first before you do.
full member
Activity: 193
Merit: 100
Presale is live!
In my opinion, yes, it is very risky to turn all your money to bitcoins because as you can see, the value of if can increase more than we expected and at the same time the value might fall and it just happened 1 month ago until now. Most of the people's expectation that by the end of the year 2017, the value of bitcoin will increase unfortunately the opposite happened which result of losing a huge amount of money especially the investors. As of now, I will advise you not to turn all your money to bitcoins.
member
Activity: 175
Merit: 23
MenaPay - Crypto made easier than cash
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Of course, it is risky! Turning all your money to bitcoin could mean ending yourself without anything. It doesn't mean that when you invest in something, it will all be back to you, no, it's not like that. Nothing is for sure, so turning all your money here is very dangerous. Investing half of it could still be possible but all your money is exaggerated, i think.
jr. member
Activity: 135
Merit: 3
I do not think it will be risky because the money will be your investment in the future, and I think the future price of bitcoin will soar in line with the increasing demand
sr. member
Activity: 448
Merit: 250
Bitcoin is not very stable right now so it is risky to turn all your money into it. Consider to invest as much as you can afford but keep in mind that you should also keep some cash for you
full member
Activity: 429
Merit: 102
It's too much to risk if we want to put on it. As we know this rate is so fluctuate and we can't to predict it. Price in february is $9000. We can imagine that the last december the price of btc is so high and the price is more less $15000. Just spend 3 month to put down of price btc. But it's our decision to put of it.

Putting all the money in bitcoin is taking big risk because you are not sure about the market when it will recover the price. It will be good if you are really strongly believe that bitcoin can really make it possible to give profit. You have to make sure that you have stable income where you cannot depend on your investment in bitcoin. Better to have another investment in real state aside from bitcoin.
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