is it risky to turn all my money to bitcoins? - page 165.

reliable

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Quote from: kiddeon123 on October 14, 2017, 07:07:03 AM

for me investing all your money is not a good idea, maybe 40-60% yes, It may work, atleast you still have something if it fails, but I think butcoin is worth the risk when you check the trend of its price and also every thing has a risk so its up to you if you are willing to take it. The bigger the risk the higher the price

Yes it is not recommended even by the best of the experts to invest all your money in one thing. It can be too dangerous if things does not go right as per you then you may loose a huge amount of your money unless it is extra then its fine.

kiddeon123

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for me investing all your money is not a good idea, maybe 40-60% yes, It may work, atleast you still have something if it fails, but I think butcoin is worth the risk when you check the trend of its price and also every thing has a risk so its up to you if you are willing to take it. The bigger the risk the higher the price

btctousd81

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is it risky to put all your money in bitcoin ?

yes.

is it risky to put some of your money in bitcoin ?

no.

if you see, bitcoin history. then you will see, bitcoin is only going up till now.,

so its fine to invest some of your funds in bitcoin as bitcoin is giving way more ROI than any other scheme available out there.

ill say, invest as much as you can, as soon as you can. and hold on it.

DoublerHunter

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Quote from: StonedWolf on October 14, 2017, 05:49:38 AM

It is an extremely delicate affair, it is also risky in the sense that after this transofmation you can win an important amount of money or the opposite. Personally, I advise you to learn about traiding in order to know well how, when and which sum to transform. It greatly reduces the probability of failure, but it remains non-zero.

Trading can be a good source of income for the people who don't want to put all of their money because they can still get the profit that they could possibly get in investing because in trading you can make profit everyday and it is not just small profit because if you will work hard in trading you can earn a thousand of dollars in just a week.

StonedWolf

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It is an extremely delicate affair, it is also risky in the sense that after this transofmation you can win an important amount of money or the opposite. Personally, I advise you to learn about traiding in order to know well how, when and which sum to transform. It greatly reduces the probability of failure, but it remains non-zero.

Dudeperfect

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Yes. Especially if you don't have any source of income to survive in case of emergency. I believe that Bitcoin will give good returns in the long run and that's why I am investing some part of my portfolio in it but that doesn't mean I don't invest anywhere else. One should diversify his investment in multiple options to spread the risk and maintain the secure position. However, do your own research before taking any investment decision.

Sadlife

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Well all i can say is that everything has a risk even putting your money into banks there are also risk that. The bank that you have entrusted your money might go bankrupt by many reasons and some instances that it is only a con act to deceive people the bank is bankrupt but in reality they've already steal your money and this banks are highly vulnerable to hackers where everyday they tell people some false is of security. I suggest you first research bitcoin to what it can do and decide whether or not to invest in it.

laravuemaster

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You do not really need to spend all your income to earn bitcoins, Just by working in campaigns or doing services that will benefit for ico's platform they will pay you coins. Just try to explore bounty campaigns thread and maybe your'e going to find something there that will make you earn more coins instead of investing using your own money.

cryptojac17

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Quote from: PeRo on October 14, 2017, 04:08:55 AM

That would be crazy and very risky, you should convert some smaller amount that you can afford losing (I mean losing a part of it). With all your money at stake it could be a great loss(depending how much money you have), so I do not recommend trying that.

Yeah it is not sound reasonable if you should convert your money into BTC although it seems that you want to become rich instantly aren't you? because maybe you've seen how the price of BTC soaring high , because BTC is a crypto currency and its volatile it is little bit risky if I were you it is wiser to just set aside part of your asset to buy fixed investment like real properties, and other part of it for BTC trading. defending on your assessment regarding the percentage.

greeklogos

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Investment pros always say that you never need to invest more than you can afford to lose, but 39-year-old Didi Taihuttu decided to go against this rule. He sold everything he and his family had, and stuck in bitcoin. He now lives in a tent camp with hope for the growth of bitcoin, waiting for when he will reach the moon. I respect such risk and hope he will get his target within 5 years, but I'm not so brave, so I will just save my bitcoin earnings weekly.

PeRo

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Defend Bitcoin and its PoW: bitcoincleanup.com

That would be crazy and very risky, you should convert some smaller amount that you can afford losing (I mean losing a part of it). With all your money at stake it could be a great loss(depending how much money you have), so I do not recommend trying that.

iamKiko218

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Of course yes, it's very risky to turn all your money into bitcoin. I would suggest to leave half of your money in the bank and only invest half of it because bitcoin is still volatile. Let's just say, if you turn all your money into bitcoin and one day you lose it all, then it will definitely give you so much pain. All the money you earned from your blood and sweat will be lost. It would be better if you still have real money in the bank in case of emergency needs.

loragean03

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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!

to take all over your money in bitcoi is not necessary to do, I think dont invest too much in bitcoin, just invest the amount that you can afford to loose, maybe 60%-70% of your money you will put/invest on bitcoin and the rest are for the other options of the other investment project you want.

Flagship11

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Not risky at all

jk somewhat risky but the reward down the road will make it all worth it

slapper

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Quote from: Altero on October 13, 2017, 09:29:46 PM

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.

Online investment could be more vulnerable for any scam, that's make this into more risky than having investment locally. It is not a good idea of putting all your money into a single investment because a single mistake is gonna make your money falls into nothing. Half of your saving is enough for an investment but be sure to have a research before engaging into investment.

In my country, you can be scammed by offline investment, too. There are many people who lure investors to thier trap and invest into non real project and lose a lot of money. So, you need to be wise and determine which projects are legit and which are not. Do not trust 100% on what you hear and what you see. And, I do believe that bitcoin is legit and true enough for people to spend their money on bitcoin

BossMacko

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No it is not risky to turn all your money to Bitcoin. But always think of the worst case scenario that can happen and also always have a plan B. As we can see Bitcoin price always rise almost every time but it is not guarantee that it will always rise, so investing 50% - 80% of your money to Bitcoin is a good move and the remaining should stay in your bank for emergency purposes.

lazaruseffect11

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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 will be risky for you to turn all your money to bitcoin if you dont have any prior knowledge what bitcoin is. You need to learn more about it first before turning all your money to bitcoin because you may lose all of your money or bitcoin if you dont have any idea what it is and how it works.

TTITA

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i would love to invest 70% my money in bitcoin as invest assets.
this price going to raise up every time.

momopi

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You mean "ALL" of your funds?. Of course it's risky. You don't put ALL your funds to an investment that's very volatile

Jarr

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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!

you still have a risk but it is no problem i think because potentiality bitcoin price to go to the moon still high. we can see now that the price of bitcoin get new highest prices.

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