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Topic: is it risky to turn all my money to bitcoins? - page 166. (Read 37348 times)

newbie
Activity: 24
Merit: 0
In a way it is same as storing your money in the bank. Each sides has its up and down. So I suggest research first and where you fell comfortable at then go for that decision.

full member
Activity: 267
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, turning all your money into bitcoin is risky. And that goes for all the investment that you will make. Business involves risks, you risk nothing you gain nothing. But bitcoin is like a high risk high reward kind of investment. It can be very rewarding and you can earn a lot of profit at the right time.
full member
Activity: 280
Merit: 100
It's too risky to turn all your money into bitcoin. You need something as a reserve in case you need to repair your car or buy a new fridgerator or something. Turn 50% of your capital into BTC but leave the rest on your banking account for living.
sr. member
Activity: 602
Merit: 250
Bitcoin is the digital currency. in the internet world is very risky, do not you change or invest all your money to Bitcoin. because investment is definitely a risk and in the internet world is very much hacking. invest some of your money to minimize the risk of loss.
jr. member
Activity: 59
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If you want to put your entire money into bitcoin it's a good choice. Bitcoin is something that is very potential and will rise sharply in the future.
member
Activity: 71
Merit: 10
Indeed a bad idea, btc price change times its up times it down. Astill better if you have real money.

(another thing. what if btc price went crashing during an emergency?)
hero member
Activity: 2912
Merit: 556
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i think if we know that everything that we invest have a risk then we should know that investing in bitcoin is also risk and we don't have to risk all of our money with bitcoin. if you have big money in your account then you can turn half or quarter your money to bitcoin but you must know what is the risk. the bitcoin price is always change and if you buy bitcoin in high risk then you can loss the amount of your money although there is any chance for you to recover your money in other time.
member
Activity: 140
Merit: 10
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well it's too obvious bitcoin is risky. But all of us need to risk because no one can be success if no one risk right?
full member
Activity: 168
Merit: 100
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I think it's too risky to invest all what you have in one project. Don't put all your eggs in one basket.
full member
Activity: 784
Merit: 123
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.
full member
Activity: 172
Merit: 100
though i look forward to botcoin, i think its high risk to put all your money into, do not put all eggs in one basket should be a priciple of investment, and no matter how promising it is, i will not all in
full member
Activity: 798
Merit: 100
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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.
full member
Activity: 212
Merit: 100
all have risks, for me what is wrong to try to multiply income in bitcoin body.
sr. member
Activity: 868
Merit: 266
Though it is a very good investment, i wouldn't really recommend putting all your money into bitcoins alone, you should diversify into a lot of investment opportunities so that in the case where one fails, you will have others to lean on.
sr. member
Activity: 924
Merit: 275
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its highly risky. There is no set laws in any country related to it. Moreover its heck of volatile. So investing all your money in bitcoin is going to give you a lot of heart shocks each day. But yes invest 30-40% of your money for long term.
Yes indeed. Turning money to bitcoins is to risky because there are no set law and it is not well-secured because bitcoins are not that versitile in terms of security because anyone can go in and out with or without permission from the owner of the account.
member
Activity: 98
Merit: 10
Yes, that's very risky approach to turn all your money into bitcoin. At some point when you have made a fair bit of profit you better off exchange it to USD and then look to invest again.
full member
Activity: 253
Merit: 100
In every investment there will be always a risk. So try to think many times before you invest your money, because bitcoin price is varying you cannot exactly predict on what year its price will rise. Try to invest atleast a half of your money, because if ever it didn't work atleast you still have a money to stat again.
full member
Activity: 378
Merit: 100
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Yes it is very risky and always remember that bitcoins value is not stable since it has a market but another thing to rely is on the date or year because in the past few months you will notice that bitcoin is continuously increasing and that is a very good sign to invest more on bitcoins.
member
Activity: 70
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Putting all of your eggs in one basket...well, it's something I wouldn't do, whether it's a particular crypto coin or a stock...unless it was a company that I ran myself and knew everything about, don't think that I would do it.
jr. member
Activity: 58
Merit: 5
If you keep all your money in bitcoin I do not think there's a big risk, unless you keep it on altcoins. Saving all the money on bitcoin has tremendous potential for big profits in the future.

What about if all country declare bitcoin as illegal and ban it then within seconds your investment will become zero. So it is always said that invest in several investment option and lessen the risk.

I agree with your assumption that investing in any field should have many risks, although it is not possible if all countries forbid the circulation of Bitcoin that we all do not know.

To stop Bitcoin you would have to turn off the internet. If you turn off the internet, you lose fire, police, emergency services - not going to happen. Since it can't be banned everywhere, and it works over the internet, it would be basically impossible to ban it anywhere.
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