is it risky to turn all my money to bitcoins? - page 160.

Visbay

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Quote from: barhavsky on October 13, 2017, 09:20:59 PM

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.

imteaz

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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.

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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!

If you move all your money in one place, no matter what place, of course it is always risky. But I'd say Bitcoin, if you don't do obvious mistakes while holding it, is probably one of the least risky places. Buy while the price is still low compared to what we can see in the future years and hold, don't panic even when the price goes down.

I agree, bitcoin is compratively safer options than most alt coins and even Fiat nowadays.

They say a big economic crash is gonna come soon, which will be felt in all sectors of the economy. Crypto is a nice hedge against that.

I'm not sure about the big economic crash you are talking about, but in some countries, especially in countries with weak economy, an economic crash is almost unavoidable, so in those countries indeed it is better to invest money in Bitcoin rather than keep it in the bank or at home.

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Quote from: zokora on October 15, 2017, 10:58:58 AM

turning all your money is risky. you may need an urgent expense while bitcoin dumps. Why dont you turn lets say 50% og your all money? diversity is always good.
If the price was not this high I would recommend a higher percentage but 5500 usd is risky. Yes it would be much higher next year, but after a correction for sure

Yes,Inverse of full money in some how risky.If the price reach high means ,you will get profit .If the price of bitcoin reaches low value means, Your inverse of bitcoin will be sit waste.To get profit you have to avoid sell of bitcoin when the price reach low value. Avoid of panic selling. I f you act wisely means, it's not at all risky.

zokora

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turning all your money is risky. you may need an urgent expense while bitcoin dumps. Why dont you turn lets say 50% og your all money? diversity is always good.
If the price was not this high I would recommend a higher percentage but 5500 usd is risky. Yes it would be much higher next year, but after a correction for sure

IanRidgwell

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Quote from: Vaflia on October 12, 2017, 11:21:16 AM

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!

That would be silly at least from the point of view of money management. Of course you shouldn't keep all your money in dollars or bitcoins, distribute your funds wisely. I would advise you to leave 50% in dollars, and the other 50% is distributed equally between BTC, ETH, LTC and XMR. Good luck.

I am agree with you this is risky because the price of bitcoin is not stable and can goes down or sometime goes up that why we need to be sure in this situation before spending that money and this is really serious issue because here only luck will help you otherwise it is really risky.

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Quote from: Pinkris128 on October 12, 2017, 11:14:22 AM

Quote from: terrific on October 05, 2017, 05:20:39 AM

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's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

Yes its really risky to turn all your money into bitcoin because of the act that the value of bitcoin was not stable and it can change every seconda. If the bitcoin price will dump then you will lose lot of your money but when it pump then there is a possibility too that your money will increase. You must only need to monitor its value if you are going to turn your money into bitcoin so that You wont lose it. It is risky but you may get big profit as well here and I think that was one reason why there are lot of people invest here.

Yes you are right this is really risky because here when you invest all your money then twp directions will be form I mean one direction will be that your money will make a lot of profit and the other that money will goes down and a big lost will be occur so be sure about that investment and take a look of price of bitcoin before investing money.

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It is not risky to turn all your money into bitcoins especially if you are comfortable doing what you are doing so this means using private keys and storing seeds, etc.

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Quote from: pantek talacuik on October 15, 2017, 09:03:52 AM

if you believe in bitcoin, then make all your money into bitcoin. because in bitcoin you can develop it like investing and trading. despite having many risks, you have to be smart to do this all.

But investing all your money in one investment is not a good idea. I know bitcoin will have potential to go at $10000 but i do not suggest putting all your money in one go i would rather put all my money on different investment. Because if bitcoin experience some down on it's price and you are afraid to lose more. I think you will sell it at very low price but if you don't want to lose your money then just hodl it wait for it to comeback.

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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’s risky to put all your eggs in one basket, bitcoin is performing very, very well though & it looks like that will not change. It’s a good idea to invest at least 25% of your money into bitcoin because like you said, bank interest rates are crap.

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if you believe in bitcoin, then make all your money into bitcoin. because in bitcoin you can develop it like investing and trading. despite having many risks, you have to be smart to do this all.

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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 not only risky but it is a stupid thing to do. In investing there is a rule that don't invest what you cannot afford to lose. That is why never invest all of your assets in a single investment what you need to do is spread the money in different investment so if one fails you will have another source of income. Yes there are risk in investing but the rewards are great.

Willitivity

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That's a very crazy thing to do and it's very risky.
Bitcoin is a Cryptocurrency and has no virtual representation, this can only be spent online.
You still need your money to take care of things in the real world.
And also, the volatile nature of Bitcoin is very important to know, you might lose a great deal of your money with one careless mistake.

romeitaly

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It is really risky because if you turn all your money into bitcoins then you trust bitcoin that much. We won't know how and when will it rise or fall so its better for us to play safe because we cannot rely on bitcoin value's volatility. Another thing, turning it to all bitcoins will make a concept in the minds of other users that he/she don't need traditional currencies anymore.

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Quote from: mai_mirai on October 15, 2017, 12:03:55 AM

All the things need to risk, success also need a risk and I think it's very risk to turn all money in bitcoin. Because bitcoin price unstable and unpredictable, better you put half into bitcoin and half again into business in not cryptocurrency investment.

I understand that without taking risks one cannot have a few inches of exceptional, but the risk always results a high probability of failure. Especially when it is related to money, we must be extremely careful because maybe just one defeat could completely destroys you.

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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 risky. remember that Bitcoin market is very volatile and we can never know what will the price will be. As the golden rule in any investment, dont put all your eggs in one basket. Diversify your investments. maybe put 1/4 of your money to BTC then the rest will be to different types of investments like business, real estate and stocks.

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Quote from: poplolnman on October 15, 2017, 06:52:18 AM

Quote from: chip211 on October 15, 2017, 06:11:54 AM

Quote from: mai_mirai on October 15, 2017, 12:03:55 AM

All the things need to risk, success also need a risk and I think it's very risk to turn all money in bitcoin. Because bitcoin price unstable and unpredictable, better you put half into bitcoin and half again into business in not cryptocurrency investment.

I agree with your thinking, do not put all the eggs in a basket, divide them for investment. The hold of bitcoin takes a long time and during that time t can look to the crypto market.

there's no harm for anyone to go allin on bitcoin investment as long as you can afford to do it. take that risk and you might would get a better and bigger return. everything always worth with the risk. you just need to think about it carefully. if you looking for a safe move then yeah you should split it into several places , but when you ready to get a worst scheme , and not just about collecting instant money, go allin are your choice.

All the wealth has to be trad with risk, but when it reaches high value and buy hold it is too dangerous. Although it may still increase further but some investors will be anxious to sell losses.

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Quote from: chip211 on October 15, 2017, 06:11:54 AM

Quote from: mai_mirai on October 15, 2017, 12:03:55 AM

All the things need to risk, success also need a risk and I think it's very risk to turn all money in bitcoin. Because bitcoin price unstable and unpredictable, better you put half into bitcoin and half again into business in not cryptocurrency investment.

I agree with your thinking, do not put all the eggs in a basket, divide them for investment. The hold of bitcoin takes a long time and during that time t can look to the crypto market.

there's no harm for anyone to go allin on bitcoin investment as long as you can afford to do it. take that risk and you might would get a better and bigger return. everything always worth with the risk. you just need to think about it carefully. if you looking for a safe move then yeah you should split it into several places , but when you ready to get a worst scheme , and not just about collecting instant money, go allin are your choice.

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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!

Of course it is risky to convert all your money in the bank into bitcoins. Even if you 100% believed in Bitcoin you cannot predict it's price at any point in time. It may crash, even temporarily, at a time when you need cash. You should always keep some cash in your savings account for unforeseen emergencies.

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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!

Too risky that if you are in the right state of mind and you turn all your money to bitcoins then maybe you have nothing to save money for. Bitcoin's volatility is inevitable, and we won't know whether its value will rise or fall. People who do things like that are confident enough that bitcoin is enough for their lives that they do not need to use traditional currencies.

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