Topic: is it risky to turn all my money to bitcoins? - page 16. (Read 37348 times)
It is in my own perspective a risky idea investing your total cash in Bitcoin that is very volatile in nature. The prices undulation in Bitcoin is an inevitability subtle to every investor in this field. Due to uncertainty prediction in Bitcoin prices, it is not so advisable in any case loses occured beyond expectation or adaptation. What if life contingencies surfaces? Where will you focus upon? In essence therefore, invest your major in Bitcoin and leave little in Bank, since I'm also optimistic that Bitcoin no matter how little or longer it takes to rise up, it is still reliable and dependable for it's rewarding future.
Money on the bank can ear a little by the interest, second your money on the bank can be used on investment too just ask the bank attendant and they assist you and yes, using all your money on BTC is risky, no one predict its future. Just use half of your savings for BTC trading and the likes, keep the other half for emergency purposes.
If you have savings in the bank, you can earn only low interest. If you invest your money especially like this bitcoin, you have to be extra careful also since the price is fluctuating but it is yet better to invest in bitcoin than sleeping your money in the bank only. But don't invest all. You have to be keen and smart how things are doing in bitcoin. Maybe you can invest part of your savings here in btc and some on the other investment for your sake also because nobody knows about the future. Maybe you will gain or lost so it's all up to you.
You may have several catastrophic risks, so its a terrible idea for you to convert ALL your savings to Bitcoin. If you need my opinion, I woukd say it's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses. If you lose in one you can cover the losses from other coins or businesses. If you save only in Bitcoin, how will you save you funds if there be a. Government Policy Risk, b. Exchange and Online Platform Risk, c. Technology Risk and finally Bitcoin Uniqueness Risk. Hence, it best to diversify your saving platform.
Without a doubt, turning ALL your money into Bitcoin can be risky. It is prevalent how the value of Bitcoin can be unpredictable and is constantly fluctuating. Given that scenario, you should be ready with all the possible consequences that is bound to happen due to your actions. It can come to a point where you win some, you lose some or have it all gone so be very smart before converting your money. A part of your money converted will do for sure.
Yes i am quite fimiliar with you and i think putting all in it is quite dangerous or risky but i really believe in its potential and i think over the years we have seen its progress and i think it is now considered as safe haven for investment.The value of your money goes down as well, for me. Bitcoin is only for those people who want to invest and not make it like a bank.
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.
Bitcoin nowadays is stable and having high price, but we can't predict a guaranteed future for this crypto currency, or for its price. It will be used and traded for years surely, but the price is volatile, it can going down anytime. Bitcoin is heavily influenced by market sentiments, many inexperienced people, not well educated, and still have weak hands. So if you plan to put all of your money in Bitcoin you are just risking by riding a car going downhill without brakes.
Bitcoin has so far this year beaten many traditional investment asset in terms of ROI it has to offer on invested amount in shorter period. This make Bitcoin to be a lucrative investment. It's not recommended to put all your money in bitcoins to reduce the risk investing in stocks or saving your money in the bank is also a good choice.
Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.It will profit ad bitcoin's price goes up. Bit if you will invest it in some projects related to bitcoin, that would be so risky. You might have loss big part of your money so it will depend on how you'll going to invest you money into bitcoin.
the case maybe different to other area like the western and some first world countries where bitcoin and other payment methods are really accepted where you can buy almost everything. If it is money that you cannot lose, then don't do it. If it is a good long term investment, go for it.
I'm very optimistic of the positive sides of btc, If i'm given a chance to hold a huge capital, Id rather invest it thru bitcoins because i witnessed how it remains to stand up until this present.With bitcoin and other digital currencies we doesn't know what happens by tomorrow. The price fluctuates and in unexpected time drop in value takes place. This is the only risk on turning everything into bitcoin.
We must invest our money in various forms rather than any one, it may be bitcoins or banks or equity markets. keep some cash on your pocket for your everyday needs and other you can secure on banks . but its up to you men its your choice i hope that you will not repent later what have you done. but i suggest you don't get risky its a bad idea
It is risky to turn all your money in bitcoin because the market is going down nowadays. But turning about 30% can do.
You need to only invest what you’re willing to lose, and I doubt you are willing to lose ALL your money due to cryptocurrency yes, it is very risk to invest your all money in one scheme.It also depend what level you entering but no body know, how much gain will be there. Is you will invest your all money in one investment scheme, it will create a panic on it's every monuments.
Even if you do that you’ll need to cashout cryptocurrency daily to buy your day to day needs like food lol
It's risky to turn all your money to bitcoins. If I am on your shoes I will diversify my money to several investment programs, not just bitcoin. You may try stock market or a side business. It will be more rewarding.
All investment comes with risk and putting all your money in bitcoin is not a good idea its better diversify your money and invest to altcoins also because there will be time that bitcoin will dump and altcoins will go up. And in this way you can gain more profit.
Yes, it is risky. I wouldn't recommend you doing that because of obvious reasons (probably mentioned like 100 times before me). The best strategy is to invest like 20% of your equity to crypto, perfectly diversified between many projects.
There is always a risk when it comes to investment and you should know that and even more risky if you go all-in. That's why you should keep some no matter what happen atleast you still have an extra money and no matter how sure you are in one investment.
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 excessively risky. I made the decision to move all my finances to bitcoin and ethereum recently, and overnight I have found myself seriously compromised in my economic prospects for this year. So I think you should think more seriously about that option in case you have economic dependents. If this is not the case, perhaps it is worth taking the risk.
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