Topic: is it risky to turn all my money to bitcoins? - page 163. (Read 37348 times)
never go all in when investing in assets.....try to learn about risk management and diversification... its so important
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
of course very risky if you put all your money into bitcoin. bitcoin has several risks ranging from vulnerable hacking to our wallet to unclear regulations or rules in every country. We certainly remember the case of the break-in against Mtgox that caused Bitcoin worth $ 460 Million lost. Mtgox is Bitcoin's biggest market exchange in 2013 which has been hacked by hackers to bankruptcy. Not to mention the issue of regulation that every country is different, for example, is Indonesia that allows transactions using Bitcoin but not umbrella by law, meaning that if there is a break-in the government will not take action if reported to the police.
There is always risk attached to any kind of investment, make sure to check your comfortable level. Be comfortable with the amount you are ready to lose however with high risk you can also get high reward.
Depends on how long are you goting to hold it as Bitcoin. Buying Bitcoins and holding it for long time has proven to be great thing to do. Many people has made small fortune that way. Price of Bitcoin is always fluctuating, but there was a lot more ups than downs. I guess that money you have is your saving and that you won't need it in near future? I would advise that you buy as much Bitcoins as you can. It is possible that price jumps up too 8000$ till the end of this year... at least that is my opinion. What ever you decide to do I wish you good luck.
if I think it is very risky if the money you have everything is stored in bitcoin because it is likely there will be thieves who do not want to be responsible for his behavior.and you could have experienced an unexpected loss before.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I don't think that it will be risky in any way because perosnally I have seen that most of the people got success in the bitcoin field ( after getting serious work ).So here you should try .
But here my suggestion for you is to do work with that amount of money that can you bear the loss Because in this world nothing is sure because when rumours will going on in the market then everything goes opposite of the thinking and prediction made by the experienced people .
So we should remain in the +veand -ve thinking both , so that we remain ready to face any bad economical condition .
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well, to some extent I will say it is risky to convert all your money to Bitcoin because of the volatility of Bitcoin. For now there is no certainty in Bitcoin, so I will advise you to convert all your money to Bitcoin, but it will be more rational and less risky if you convert up to 30% or 40% of your money to Bitcoin. 
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 to turn all your money into bitcoins, you should diversify your investment and not invest it in a single place. 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 risky. We all know that bitcoin price is still unstable. It has its own ups and downs. So it is not a smart idea to put all your money on it. Maybe 40-50%. It is better to keep some for your personal needs.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. It has highly risks to buy BTC with your money. It is like investing all money to one thing. I believe that bitcoin increases in value but people can not see the future and you may not know which value that BTC will be have. Dont place your all money at risk. You can use some part of it.
It is very for risky anyone to turn all of his money to bitcoins because of the instability of its price. Even if it's price is increasing rapidly but it can drop anytime, so one should invest that much amount which he/she can afford to loose.
Yes but you'll make money if you have the balls to HODL.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. It has highly risks to buy BTC with your money. It is like investing all money to one thing. I believe that bitcoin increases in value but people can not see the future and you may not know which value that BTC will be have. Dont place your all money at risk. You can use some part of it.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think you should not do that. It's pretty dangerous. If there is a risk, you may lose money. You should invest half instead of all. The risk is unknown. so be careful 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.
Basically we should not invest all our money because of the risk involve. Cmpare in banks, even if your save it in a year, the interest are very low unlike investing in bitcoin which really a have a long term investment the return is much bigger. The higher the risk involve the higher the profit.
We have reached an all time high with BTC. If you invest in it now, and it does crash, it might take month or years to get back to the original value of your investment.
If anything, I'd wait for after the hard fork to invest, and even then I'd never use all of my money to gamble.
If anything, I'd wait for after the hard fork to invest, and even then I'd never use all of my money to gamble.
of course, its high risk, but in my opinion, if your money is not much, you can try this, if you have plenty of money, then you should make a multi portofolio, it will be unwise to invest all your money to bitcoin or any other single assets
When it comes to money everything is pretty risky there's no such thing as sure investment. You should always bear that in mind. In this case, converting all your money to bitcoin definitely is risky. You don't know when will the price will go down or up.Worst case is that if your coins will be hacked by certain groups whose main purpose is steal bitcoins. So better invest a little amount then try to make the most out of it.
Not really, but some. There is always risk, even though Bitcoin will very likely return a profit. There is always the possibility that something could happen, especially in the short term time range. If it is money that you cannot lose, then don't do it. If it is a good long term investment, go for it.
Playing around and trading, then go for it there too. Just do not ever put the grocery money, kids college fund or anything like that in any investment.
Playing around and trading, then go for it there too. Just do not ever put the grocery money, kids college fund or anything like that in any investment.
It's risky because an expense might come up. In the long term Bitcoin looks to be in an up trend but it still has it's crashes, if at one point in time it crashes so hard and you are left with not enough to cover an unforeseen expenses then you could be in trouble.
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