is it risky to turn all my money to bitcoins? - page 152.

cinchin

sr. member

Activity: 308

Merit: 250

Quote from: batang_bitcoin on October 24, 2017, 07:49:47 AM

Quote from: admissions on October 24, 2017, 06:05:18 AM

Never put all your eggs into one basket. In anything including Bitcoin. Bitcoin may well double in price or even surpass that in the next few years but you should not put all your savings into bitcoin just in case it goes the other way.

Yes we should not put all of our eggs in one basket, this has been said all over the forum. How about this family, what can you say about them? https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html They did bet all in for bitcoin. I can't do this but I love on how they are focusing with crypto's though it's still risky because we still don't know what can happen with bitcoin anytime.

- Exactly is they are betting everything, even the future of their families in Bitcoin, they have blind belief in bitcoin and they believe that bitcoin can change their fate, I feel they believe in bitcoin is a good thing but they are betting too big, they will not tolerate the feeling of failure
- If they succeed, they will change everything in their lives and become the new rich, I have nothing to say except congratulate them but if they fail, they will lose everything, even they will become crazy and do not believe in this failure, they will think this is an illusion. Although Bitcoin is a ideal investment but nothing is sure, bringing the future of the whole family put into it really is not worth

jhel08

newbie

Activity: 70

Merit: 0

Yes, it is very dangerous to put all your money into bitcoin because bitcoin is very fast to increase and decrease in value unlike your money right now. Better to put your money into the bank to be secure. Invest a little money in bitcoin and grow it.

alex_aaa

member

Activity: 111

Merit: 10

I'd invest 50% of my money in crypto, 20% of those in bitcoin and 80% in other cryptos

I believe altcoins will grow faster than bitcoin

I consider bitcoin as low-risk, but low-return investment in crypto space)

Alexnelepa92

member

Activity: 189

Merit: 11

We must live always 50/50 and the entire amount never invest, as there can be in tears if the entire amount to invest, no one knows how will be tomorrow, and so on ... but effective.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: admissions on October 24, 2017, 06:05:18 AM

Never put all your eggs into one basket. In anything including Bitcoin. Bitcoin may well double in price or even surpass that in the next few years but you should not put all your savings into bitcoin just in case it goes the other way.

Yes we should not put all of our eggs in one basket, this has been said all over the forum. How about this family, what can you say about them? https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html They did bet all in for bitcoin. I can't do this but I love on how they are focusing with crypto's though it's still risky because we still don't know what can happen with bitcoin anytime.

CryptonomyCapital

member

Activity: 86

Merit: 10

You won't loose all your money if it sits in bank, and bitcoin could fall.

greenclub09

full member

Activity: 560

Merit: 102

BBOD - The Best Crypto Derivatives Exchange

to my opinion, it is dangerous when you turn all your money into bitcoin because you can lost much of money whenever bitcoin price drop drastically, so my advice is you can seperate your money into many kind of altcoins like Eth, Waves,..

Ayaancool

full member

Activity: 308

Merit: 100

Yes it is risky to invest all your money in bitcoin.Bitcoin act like a coin if profit is one side then the other side lose.It's all up to our luck and demand of bitcoin in crypto market. If it's getting low and we got loss on our investment,then we need some money to survive this crisis .So investing all your savings in bitcoin is a stupid idea.

Carreuh

full member

Activity: 560

Merit: 101

Very risky, that's investing in bitcoin. High volatility such as two sides of blade that can provide significant advantages and vice versa. However, i am optimistic to invest entirely on bitcoin as profitable longterm investment.

benjamin11

member

Activity: 406

Merit: 10

Yes its very risky. Although bitcoin increases its value over time, its still unstable. Its value might double after some time but it may also goes the other way around. Its good to invest in bitcoin but not all your money. You should have other options.

Kotone

hero member

Activity: 1372

Merit: 503

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. Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. OT is also important to note that you should know that bitcoin has a volatile stock and it is not good to put all your eggs in one badket

admissions

member

Activity: 107

Merit: 12

Never put all your eggs into one basket. In anything including Bitcoin. Bitcoin may well double in price or even surpass that in the next few years but you should not put all your savings into bitcoin just in case it goes the other way.

beezunus

full member

Activity: 420

Merit: 100

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 to put all the money into bitcoin because in bitcoin full of risk, you better put some so if you are less fortunate then it will not lose all your money because you are still have some in the bank.

enterprevic

member

Activity: 86

Merit: 10

Healthpromag.com

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!

Hmm, that's a no no do not attempt to invest all your money in bitcoin, in fact do not even ever attempt to invest all your money into one specific kind of investment, it is always good to diversify your investment portfolio because anything can go wrong with one investment and the other investments would make up for the lost capital in the crashed investment.

BTCANAN

newbie

Activity: 36

Merit: 0

Yes, it is definitely too risky.

As we have heard it too many times; invest only what you are ready to lose.
There is too many factors that could affect your life if you invest your entire money. ( Volatility, hack, loss of key, withdrawal issues, trading platform issues, ban account etc...)

MostHigh

full member

Activity: 238

Merit: 100

Not risky at all if you are careful enough to not hand out your password to any fraudster out there then you are very good to hold on to it

yasukata

jr. member

Activity: 54

Merit: 10

I think that converting money into bitcoin can be speculative. I think the demand for bitcoin is high and I think that it will grow more and more in the future.

Aeotx

member

Activity: 83

Merit: 10

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!

You said your money is do nothing in bank, so why don't you try to invest it in bitcoin, im sure your money will not sleep. It will grow because bitcoin is one of the good choice in investment.

Mellifluous

full member

Activity: 135

Merit: 100

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!

There will always be a risk in bitcoin we don't actually know when will the price drops down,
So are you willing to take the risk ,if you are then go turn all of your money into bitcoin.

bottledfireworks

newbie

Activity: 60

Merit: 0

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 risky if you invest all your money without extra for emergency and daily necessities but it could pose a higher profit the greater your investment is.

Topic: is it risky to turn all my money to bitcoins? - page 152. (Read 37348 times)