is it risky to turn all my money to bitcoins? - page 167.

shunga

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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!

Actually for i think no, some of my friend kept their bitcoin to use when it needed of i think they wait the right time when bitcoin currency become high after they will get it.

Bitcoin_Delivery

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It's risky you should be able to control to buy bitcoin. although this is a good thing but when it is excessive and the price goes down you have no more savings then this is a disaster.

cjinny

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Yes the thing you will do to exchange all the money with bitcoin is a risky thing. At least you have some enough paper money to spare if the bitcoin price goes down.

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Quote from: jekjekman on October 13, 2017, 05:42:30 PM

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 of course because it is an investment and an investments always have a risk and the fact that you want to invest all of your money in the bank for Bitcoin, but for this time being I think it is worth a try because Bitcoin is showing a very good sign of positivity in the market and if you are thinking that this is the bad timing in investing because the price is in a bubble state then I can't advise you with that.

I believe that Bitcoin's price will keep on increasing even though I am not an expert with the financial market because on what I have seen in the market since I discover it. Just keep this saying in mind, Invest only what you can afford to lose, regret later because you didn't even try.

I think it is not only risky to put your money in bitcoin, but i think that if you are investing your all money in any place so it is risky. you need to distribute your investment in different places. Through this way you can reduce the risk of losing your all investment in one time.

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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!

Sticking into just one currency like cryptocurrency is really risky because we do not know what will be the behaviour on it in any time since it was generated and operated online, we can conclude of it being volatile and still the best way to handle our money is still to have the contentment on the balance of having both currency which is real and virtual so that we can have a back up whenever the scenario of bitcoin became too low we still have another currency to obtain financial assistance.

jekjekman

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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 of course because it is an investment and an investments always have a risk and the fact that you want to invest all of your money in the bank for Bitcoin, but for this time being I think it is worth a try because Bitcoin is showing a very good sign of positivity in the market and if you are thinking that this is the bad timing in investing because the price is in a bubble state then I can't advise you with that.

I believe that Bitcoin's price will keep on increasing even though I am not an expert with the financial market because on what I have seen in the market since I discover it. Just keep this saying in mind, Invest only what you can afford to lose, regret later because you didn't even try.

Ronaldcoin2017

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Quote from: smokeydog on October 13, 2017, 05:23:43 PM

I wouldn't call it risky, I'd call it suicide.

well i dont agree on you suicide is differrent from turning your money into bitcoin.maybe that was your openion but it is not really real.it can be risky but it cant kill you even if you loose a big amount on it.and it is the way to learn more .i think we need to take risk in order to see and do more new things to make our self better and make a lot of experience on it.even if we cant gain profit at least we learn on different things.because the best preparation of tommorrow is the correct used of today.

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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 know it is risky that is why you choose to let it rot in the bank.
If you will be investing it try half of it. When it dumps again. After all a profit on a small amount is still a profit. The important think is you secued your money and you gain a profit in just clicking and buying.

Quote from: maii on October 13, 2017, 04:08:12 PM

Trading is risky but if you turn your money into a lot, I do not think it's risky just make sure you keep them safe and secure so you will not lose them.

If you master and know how to turn your money into a lot more money. But it is risky because there are a lot of factor that causes an increase and decrease of value. So it is unpredictable, I think.

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Quote from: susila_bai on October 13, 2017, 05:21:50 PM

Quote from: kodtycoon on October 13, 2017, 05:14:28 PM

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.

smokeydog

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I wouldn't call it risky, I'd call it suicide.

susila_bai

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Quote from: kodtycoon on October 13, 2017, 05:14:28 PM

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.

kodtycoon

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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.

maii

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Trading is risky but if you turn your money into a lot, I do not think it's risky just make sure you keep them safe and secure so you will not lose them.

anitaraymonds

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Putting all your eggs in one basket is dangerous. It is true that Bitcoin is the rave of the moment but you have to invest part of your portfolio and all of them. But the choice is yours.

xBitHodler

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One guy sold his house and everything what he had and traded it for Bitcoin. He did it before Bitcoin reached $4k dollars and look how much he has earned in a short period of time. He can lose a lot of money of course. Many people think it's quite irresponsible but the same people invest as much as they can in BTC because they believe in it.

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Quote from: MaleKing on October 13, 2017, 12:07:08 PM

Quote from: sudip76 on October 13, 2017, 01:59:51 AM

Yes it's risky! because any time bitcoin price change up or down. when price come down you loss your money. you can hold bitcoin but don't put your all money in bitcoin for your security.

For long term ( a couple of years ) it's actually no problem but for short term you shouldn't buy now. Even for long term, you should wait for a price drop, then buy. Maybe the scenario from 2013 will repeat, when Bitcoin hit $1000 then dropped to $200, so, if you bought at $1000 you would still be very happy right now, but sure you weren't happy back then when the price dropped to $200. I would say wait to get it or at least buy some bitcoin every month, this way you will have an average price rather than just the highest.

Tell that to the people who bought just 3 days ago to see their investment gain 10% overnight. With bitcoin you just never know. You can go to bed one day and wake up having another $1000 more or less.
I think it's always risky to go all in, whatever you're doing, but I wouldn't be scared to put all my money into it. As long as you have a place to live and a backup plan in case it all goes to hell, you can try going in and feeling that adrenaline rush when it spikes.

bitcoindusts

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Every investment have risk. EVen with bitcoin that is known to go up in price have risk. There is 100% zero percent risk free investment. I would say better have some reserve for yourself. You can either go 70% to 80% of your money and have 20-30% reserve.

Dakshkapoor

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I think that it is some what risky to invest on BITCOINS for short term investment. You can go for long term investment and can invest your money to BITCOINS if you are looking for ling term profit.
Nowdays it has a stable market and no one can predict that what will gonna happen in future.
Just don't dont turn your all money to BITCOINS put some of it with you if you want to invest for short term profit

jonruhoax

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you must have a plan and dare to make decisions for speculation. if you have studied and observed bitcoin develops of course you should have a prediction. and that prediction will decide speculation. so if you have doubts better dont.

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Quote from: cryptoknightt on October 13, 2017, 02:57:16 AM

I think it's still at risk when putting all the money in the bitcoin, even though we know bitcoin very profitable. but you have to remember that the price could fall deeply in anytime. so you don't think about profit, but the risk will happen also we have to think about. the point doesn't be greedy.

At any investment or businesses, putting all your money here will just increase the risks of losing even how potential the chosen investment is. Although we can see that we can be successful in our chosen investment in the long run, we need to have spare funds to take care of those miscellaneous things that will include all expenses out of nowhere. We can put it this way instead, we will put bigger percentage of our money in an investment.

Just be sure that chosen investment is really worth putting a big money as there is an obvious shit. If we take that to crypto especially putting money on bitcoin, we can consider that this is worth a shot.

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