Topic: is it risky to turn all my money to bitcoins? - page 159. (Read 37348 times)
the simple answer is that as long as you dont need it within the next few years, it should be fine. even if you do, you can liquidate some. but you should have some liquidity in fiat for day to day needs
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is always risky. I would suggest just invest what you think you can or moreover what is the amount that you are willing to gamble. The industry as people say is indeed very volatile. Chnages time to time. The question that you should ask yourself is are you willing to lose the said amount? Or lets say a portion of it? Not that you will certainly lose it but idea of thinking the worst scenerio one of thing that you must consider before investing.
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 much risky if you turn your full money into Bitcoin as it is highly volatile and prices are fluctuating each minute with great variation.keeping it in bank will give it intrest at a nominal rate but investing in BTC will give huge profits but still there is risk involved. There is saying that higher risk higher profit and coming november fork will also have effect on BTC.So invest a moderate amount.
It is very risky to turn all your money into bitcoin because if bitcoin goes in a dip then you will lose all your money that is why it is smarter to invest just 30 to 50% in bitcoin and if you make profit with that you invest more.
Bitcoin is not risk free.
The biggest threat to Bitcoin is an altcoin.
NEM, Dash, Monero, PIVX, Zcash all have superior features to Bitcoin, such as privacy. However, Bitcoin has the brand, first mover advantage and name recognition.
Nobody knows which aspects will win out.
The biggest threat to Bitcoin is an altcoin.
NEM, Dash, Monero, PIVX, Zcash all have superior features to Bitcoin, such as privacy. However, Bitcoin has the brand, first mover advantage and name recognition.
Nobody knows which aspects will win out.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Before turning all your money to bitcoin, i recommend you to learn first the bitcoin's usage and capabilities. In that way, it will not be risky for you to turn all your money to bitcoin. It is a good idea that youre planning to turn your money to bitcoin because its an investment for future purposes. I do not invest all the money I have in Bitcoin. That would be too much risk. A man with a good head will never do that. I can only lay half of the money I have in Bitcoin, which is a great risk but I can afford it. The other half of the money is in my pocket.
Such a diversified investment will surely provide user with the advantageof staying on the safer side. People has got the ease of accessing to invest big amounts into bitcoin through different sources starting from bank deposit to other means of third party service renders. 
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.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No, it's not... you can put all your money in bitcoins but make sure to sell everytime there is a bad news. And then buy back at dip to keep the amount of bitcoins in your bag. I assume that you know what i'm sayin... If you are afraid to take the risk of long term investment, it is best if you will take profit consistently. is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think yes if you turn all your money to bitcoin maybe your money will be decrease or increase because the price is unstable you cannot say you are always a winner. 
I do not invest all the money I have in Bitcoin. That would be too much risk. A man with a good head will never do that. I can only lay half of the money I have in Bitcoin, which is a great risk but I can afford it. The other half of the money is in my pocket.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it's very risky in my opinion to invest all your money in bitcoin. Never went all in on something and you should only invest what you can afford to lose. Bitcoin situation is very uncertain especially the upcoming November fork so you never know. 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think you already know the answer to your question. The value of bitcoin changes/fluctuates from time to time and being unstable in nature, makes investing on bitcoin is extremely risky. Secure enough money to provide your daily needs and make sure the money you use to buy bitcoin does not compromise your day-today budget. Investing all your money on bitcoin is very tempting, but you have to consider all possibilities first, before making the decision.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Damn thats too risky, you're like betting all in in the poker. If you want to invest in bitcoins then make some small percentage for your backup money, in case bitcoin crash or take longer time to make profits then you still got cash to live on other than depending on your investment. You should know that instant money didn't come too anyone. Its just a lucky guess 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Absolutely yes! It is very risky to turn all your money into bitcoin. It is not only about bitcoin but about investing in a single asset. So if that asset price goes down, you will be bankrupt with no money in hand. So it is always a good idea to diversify your investment portfolio. Try investing in some real world assets like gold, stocks and bonds along with bitcoin. It will ensure your capital protection as well as it will earn you some interest. But being aggressive in investment is not a cleaver idea.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It will become risky for you if you dont have enough knowledge about bitcoin. It will also just sit in your bitcoin wallet if you dont do anything to it. Before turning all your money to bitcoin, you need to maximize your knowledge first about what is bitcoin's usage and capabilities. 
The risk is too high since you wont be able to have balance in your pocket to buy the things you needed. It is advisable to invest only the amount you can afford to lose. The volatility of bitcoin makes it hard to predict its value.
Right now, it's not all risky, because everyone wants a pie of Bit coin Gold. But it will be risky if you buy it now and sell it after 2 weeks, because after October 25, price will come down, and will adjust the market. So do little bit research why Btc price keep going up, you will know what's behind it.
If you are sure that Bitcoin price will go down after October 25, which I personally doubt, why are you saying that buying now is not risky? There is no logic in that statement. If you are right he shouldn't buy now anything and wait until October 25 when the price will be lower and then buy BTC. In my opinion what is risky is waiting now because it looks like Bitcoin is going up and probably right now is a good opportunity to buy when the price is still low compared to what will be in the future.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
of course risky if you make all the money you have become bitcoin, because we do not know for the future bitcoin will be like, you better be wary if happened bad possibilities on bitcoin. just some of it you change it and you will not worry too much. is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Dont turn all your money in to bitcoin it is too risky to invest all in, in bitcoin but if you made the right decision and invest to bitcoin you will get your money back in no time because bitcoin keeps higher and higher in terms of value in short period of time.
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