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Topic: is it risky to turn all my money to bitcoins? - page 157. (Read 37350 times)

newbie
Activity: 42
Merit: 0
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
sr. member
Activity: 1918
Merit: 268
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if you want to change all your money on bitcoin, you think first before exchanging all your money on bitcoin because if you redeem all your money on bitcoin you will get big loss with your money and personally i just little money for me to exchange with bitcoin to take advantage of bitcoin and I do not dare to exchange all my money with bitcoin because I'm so scared I'll lose what I do not want with the losses I get if I swap all my money on bitcoin
full member
Activity: 420
Merit: 100
Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
Nope., I don't think so, if you really an open minded then their is no worry or doubts to invest all your money in bitcoin. Because even bitcoin suddenly drop but when it will go high it's much more increase irs value that's we called bitcoin is volatile.
You should not the price of Bitcoin usually raises up make you forget the worst situation for its price in someday. It can ups so it also can downs and the time to ups or downs of Bitcoin is unknown, depends on the scenario of mover in the market.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
Nope., I don't think so, if you really an open minded then their is no worry or doubts to invest all your money in bitcoin. Because even bitcoin suddenly drop but when it will go high it's much more increase irs value that's we called bitcoin is volatile.

Well yes but the problem is that if he puts all of his money in bitcoin he's risking to pull that money out in case he needs it and at that time, bitcoin price may be significantly lower, it's better so save something on the side just on case because you can never know what can happen tomorrow.
full member
Activity: 560
Merit: 126
Definitely risky, but you have a chance to grow ur money up by 200% or more. If you keep it in a bank, you will only gain a very low interest.
If I were you I would rather invest half of my money.
full member
Activity: 434
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its risky because the bitcoin price can be low and sometimes high, but its up to you. And there is one thing, there are some persons that experience being hack so my opinion is its safe if its on the bank.
full member
Activity: 490
Merit: 100
i think all investment have risk so when you turn all your money to bitcoin have risk but it's worth because you can see bitcoin price's always rise up.
Well I will tell you my experience when I join bitcoin so at that time the price was low so I spend all my money in bitcoin and start waiting for the right time and it just take one week when the price go high and then I sell it and got a good amount of profit and now I am use to with this investment and I am
taking god advantage of it all the time.
Yes its true now a days it’s not risky to invest your all money in bitcoin because bitcoin is one of the stable and strong currency in world and it has a lot of users and on daily base there are thousands of investors are going to invest in bitcoin and taking advantage of it  also going to invest in bitcoin and believe me it always give me a good profit.
full member
Activity: 373
Merit: 100
if turning all the money into bitcoin may be at risk. due to unstable bitcoin prices. but if bitcoin prices soar, you will get a big profit. it is an option. choose your wisdom.
full member
Activity: 308
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 is but by chance it would also give you great profit though it is not recommendable. Investing all your money is like gambling and the more resources you invest the greater the risk you are dealing with. At least save 30% or 40% of your money and invest the remaining, bitcoins still provides greater odds for profit as a form of investment.
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!
Absolutely in a matter of investment strategy putting all eggs in a same basket would be risky but bitcoin has its own dynamics you never know what will happen in a short period of time we faced an incredible jump on prices, it is not a normal market strategy
sr. member
Activity: 420
Merit: 250
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It's very risky. Trend can change and you can lose. If you don't mind losing your money which is sitting in the bank.... And by the way - your money is not just sitting there - your bank is making profit from it  Grin
sr. member
Activity: 532
Merit: 327
Not safe, risky af. You could try and play with a part of your money but fr dont go all in unless you wanna lose it Cheesy
hero member
Activity: 1078
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 risky especially if you don't have money for your everyday needs, we also need to maintain fiat for our needs everyday for our foods. We also not invest all our money in bitcoin since we all don't know how long bitcoin will take, but it is a good investment but put just an average amount that you will not use for a longest time so when the time comes and you check your bitcoin, you'll see that you gain additional bitcoin.  Grin
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
if you are pertaining to all money as in everything that you have it is risky, you can't use bitcoin for everyday life for now.

I agree, it's impossible to buy Bitcoins with all the money you have, but I think OP is talking about the money he is going to invest anyway, either in Bitcoin or in something else. Then I would recommend to invest in Bitcoin because I personally don't believe in that diversification thing. Why should I invest in what I don't trust just because to diversify your investments is one of the "rules of successful investment"? That works only for billionaires. Say they have 5 billion USD, they invest 1 billion in different useless things, lose most of the money, but still have 4+ billion USD and thus continue living like a billionaire. An average person can't afford that kind of behavior.
newbie
Activity: 26
Merit: 0
Never you use all your capital in bitcoin, anything can happen in the crypto world. So my advise to you put what you can afford to lose in case of necessity. Government may decide to ban bitcoin and block all the IPS related to crypto in your country and you end up losing your hard earn money or your account maybe hack if not well secure. So pls don't invest your whole capital in bitcoin, go with what you can afford to lose. Thanks
hero member
Activity: 2086
Merit: 501
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes. It is. As they say, invest what you are ready to lose. Even though Bitcoin's price is going up and the continuos growing popularity, it still is volatile and who knows that it may drop so much or rise. No one really knows. So, it is still a good thing to have a fiat money which is stable in price.
member
Activity: 420
Merit: 50
Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
Nope., I don't think so, if you really an open minded then their is no worry or doubts to invest all your money in bitcoin. Because even bitcoin suddenly drop but when it will go high it's much more increase irs value that's we called bitcoin is volatile.
newbie
Activity: 40
Merit: 0
Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
full member
Activity: 630
Merit: 100
Not just risk, But also Foolish thinking.
Don't mind.

Bitcoin Price not stable,  price move all time. Any time it can go Down.

What you can do?
Invest your Lazy money.
hero member
Activity: 798
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 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.
In fact investing all your money in a single business is not a wise decision. i think it is important to distribute your money and assets in different business, so that if your one business is not getting profit, your other business will give you some financial support and if your one one business is in lost so you will not lose your money at once . i think therefore it is more risky if we are investing our money in a one and single business.
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