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Topic: is it risky to turn all my money to bitcoins? - page 155. (Read 37348 times)

sr. member
Activity: 588
Merit: 250
oh yes,all the money to bitcoin is next level risk game,bitcoin price keeps on changing , at time when you will need them you dont whats price gonna be if it will be low you are in loss,also what if market crashes then you have to bear all the loss so invest it in some place which is giving interest even if its low but your money is not going anywhere and you will still have a little profit like banks.or just save it.invest a little from your money into bitcoin,so tragedy does not left you empty handed
sr. member
Activity: 1162
Merit: 251
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
There is risk in exchanging all your money to bitcoin, but there is no possibility to lose all of them. There are 2 possibility where bitcoins price will go either up or down, where in each case your money will be more or less. But keeping bitcoins in this present moment is not that risky since in the past few months, bitcoins price have increased by i think 30 % now.
risk will always exist, let alone the future nobody knows and whenever it can not be unexpected even though many people predict bitcoin has a bright future, but I think taking a big risk is not a good thing you know, even though it gives a big chance of profit, but play safe I think will be much more well, after all you need a necessity to be paid right ? it is impossible you will use all your money right ?
full member
Activity: 224
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Diversification is a must as an optimum investment strategy, not all of your money, the amount that you reserve for a certain period of time
full member
Activity: 336
Merit: 106
Yes of course it’s risky. Because we don’t know what can happen tomorrow. The best option will be to invest part of your capital  Smiley

I agree. And of course, after investing a capital in bitcoin, there are other ways on how to earn some profit from it besides waiting for the price to surge up and exchange it.

Always remember that there's always a risk when it comes to money investment. It's either you earn some profit or you loss your capital.
Yes, risk always gets associated with each and every form of money making or money related activities. Importantly with bitcoin what's happening is much risker than the common form of money related activities. Even at this situation, there are people who have turned everything they have into bitcoin and had benefited out of the same.

As there is risk in almost any form of investment or money related activity - then it is best to diversify your investments or portfolio. Invest a little on bitcoin, save some money in the bank, buy some stocks etc. There is risk in each of these so just to maximize your investment, put it in different places. Don't put it in one place because you would lose everything the moment there is a market crashes or collapses in value. Again, a rule of thumb for investors is to never invest what you can't afford to lose.
hero member
Activity: 812
Merit: 501
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is not wise to spend all money in one thing. You should split your money into some boxes. Saving, investing, spending for daily life, and Buy properties are some kinds of investment you can do. Take some of your money for bitcoin or other altcoins. You can also buy etherium and start investin in ICO. Many ICOs are legit and promising. When you spend all the money in bitcoin, you should think about the secuirty.
full member
Activity: 316
Merit: 101
The Winner Stands Alone
it is risky, if you all money to bitcoin , much better if only keep what u need, because who knows the price will go down or raise, depend on something. Smiley
member
Activity: 79
Merit: 10
Does anyone have any idear what will happen after the hardfork? Price up or down? Wenn to put money into bitcoin?
full member
Activity: 221
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes it's risky, the value of bitcoin is not consistent so it's better if you just save it on a bank but if you're not afraid to take a risk then go change it to bitcoin try to invest or go mining or traiding or something that may give you profit.
full member
Activity: 280
Merit: 101
Of course it is very risky! You cannot put all your money in one asset! If you want to invest in bitcoin, invest no more than 20% of the funds.
member
Activity: 146
Merit: 10
I think it's risky, because bitcoin prices are unstable. but if bitcoin increases. you can benefit.
full member
Activity: 238
Merit: 100
Somehow it is risky to turn all your money into bitcoins because bitcoin price keeps on fluctuating  . Sometime it is too high and sometimes it is too low . There might be a possibility that u may need money urgently when the price is low .Then you will have no other alterante other than selling your bitcoin at low rate and  facing a huge loss.So you should only invest some amount of money in bitcoin not all.
full member
Activity: 262
Merit: 100
As they say in Russian proverb: who does not risk,does not drink champagne.You can always diversify risks.For example:buy power for mining,buy bitcoin,buy Ethereum,to invest in ICo.
full member
Activity: 413
Merit: 105
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
There is risk in exchanging all your money to bitcoin, but there is no possibility to lose all of them. There are 2 possibility where bitcoins price will go either up or down, where in each case your money will be more or less. But keeping bitcoins in this present moment is not that risky since in the past few months, bitcoins price have increased by i think 30 % now.
full member
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
Not at all but beware not all the people are trusted in this kind of field there are scammers hackers flying all over this site so not give someone a typical answer for a typical question. Last and for all you should think twice before you start investing and give each answer a contradict for sulotion much be more accurate at the moment.
newbie
Activity: 28
Merit: 0
There is always risk in investing whole of your money. Btc price may go down then what would you do...
Always keep some amount in your hand so if prices will go down you won't be backholder.
sr. member
Activity: 1400
Merit: 269
Never invest what can't afford to lose atleast save something for yourself to buy food, pay the bills, buy clothes and other stuff for your daily necessities. But if you have a regular job to cover up those expenses then you might invest that money instead putting it in a bank. If you research bitcoin you'll know that it has already graduated from volatility instead it has become an safe haven to store your assets if the price rise up and even double or triple your money.
full member
Activity: 458
Merit: 112
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
ofcorse ! dont put all in bitcoin brother ! you need to have on your own pocket for everyday living ! you need to invest in bitcoin what is your extra and make it an ivestment to run long !
sr. member
Activity: 1820
Merit: 418
Telegram: @worldofcoinss
Actually if you can read the chart, I do not consider a bitcoin a risk anymore.  I say it will have it days where it will go down, but then it will rise about it far more then we antacipated, if you think you are late to the game you are not.  I say get your hands on 2 bitcoina and hold.
hero member
Activity: 3052
Merit: 651
Why would you do that?
You might be making a lot of profit when the price skyrockets but you will also be risking everything when suddenly the price went down.
Leave something for yourself. Tou dont want to be crying after something bad happen. At least have some back up if anything goes wrong.
sr. member
Activity: 868
Merit: 256
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 , everything is risky if it is about money. What if you invest 5000usd to your bitcoin wallet then hacking happens all your money will be wasted into nothing so i think its not a good idea to turn all your money into a bitcoin . Its better to have multiple bitcoin wallet that turn all your money into 1 bitcoin. But Bitcoin is very secure if you are only going to take some precautions and protection about it.
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