Yes ofcourse it is risky , what happens if btc is banned in most country's .
Just put in what you can afford to lose.
Topic: is it risky to turn all my money to bitcoins? - page 169. (Read 37348 times)
Yes you of coarse it is. Unless you really believe in Bitcoin (which you should or shouldn't be here) then don't convert all your fist time BTC. I have concerted almost all my fist to BTC I only keep fiat solely for things like saying light and water and other things I can't use Bitcoin directly for. Even then I usually sell some or use the fist I have as I would rather keep my bitcoin since the price will go up and I will be able to afford more things.
Lot of people in this thread saying it is too risky but now would be the best time to do it with two impending forks coming the price will only rise and you will benefit twice in the next month and a half with two lots of free coins. It's altcoins that are the risky move right now. They are dropping like flies. Just don't hold the BTC too long!
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its up on you ,but let me remind you that if you do that its too risky that turn your all money into bitcoin just keep some for your self for your daily needs, and maybe you have an emergency this cannot be ignore because we know the accidents is anytime and anywhere its okay if you dont keep it in a bank they just brainwash you. But do not turn all your money into bitcoin because its possible to steal your bitcoin of the hacker and all you money was wasted is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
money in the bank will be safer because it is guaranteed even though its value will not change even decrease, but if our money is all made bitcoin it is too risky because besides the fluctuating price will also be difficult if needed immediately 
That is a really risky move because bitcoin is not backed by any commodity at all. No government has issued bitcoins and so if the price goes down, then you have no one to blame but yourself. It is obvious that people are manipulating the price of bitcoin. Today we are experiencing a huge price increase in the price of bitcoin and someone might be just manipulating the price and this is just nothing but another pump and dump movement.
If you are going to turn all your money in bitcoins, it's not only risky but also inconvenient. Not much in the market are accepting bitcoin and if you are simply going to buy basic things like food and stuff, then you really need to use fiat money which you don't have anymore.
If you are going to turn all your money in bitcoins, it's not only risky but also inconvenient. Not much in the market are accepting bitcoin and if you are simply going to buy basic things like food and stuff, then you really need to use fiat money which you don't have anymore.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
There would always be a risk in every investment,The question is are you willing to take or grab the risk and wait for the result what ever it might be?
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If that's what you want then go ahead and do it. But I think you already know the answer yourself. We all know that that's an unwise decision because if something went wrong then you just bid goodbye to your money that used to be safe in your bank's vault. Investments in any form are risky but if you want to invest do it in a calculated risk.
Without a doubt, turning ALL your money into Bitcoin can be risky. It is prevalent how the value of Bitcoin can be unpredictable and is constantly fluctuating. Given that scenario, you should be ready with all the possible consequences that is bound to happen due to your actions. It can come to a point where you win some, you lose some or have it all gone so be very smart before converting your money. A part of your money converted will do for sure.
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. 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 very risk, you should save some your money to the other things. Better for bitcoin is for long term investment.
Exactly because if we convert all our assets to bitcoin and in future we need money for some reason and bitcoin is down at the same time then we will haveto face a loss because we have to exchange bitcoin at that time. So better is invest some percent of your savings.
That's a person with full flavors in life, Others may call him an insane/pathetic/crazy person, but for him living without risk is a boring life, I guess he is now witnessing the evident of what risks he takes, bitcoin is continuously gaining price increase.
For me, as a person with a not so big amount of money, I think, putting all my money is a really risky and bad. I need cash for my everyday expenses. From food and all the other basic stuff that I need. Putting all my money on bitcoin is a risk because you won't have extra money for emergency purposes. What's better idea is to budget the money you have and allot a certain amount of money that you will invest here.
Yup, it's very risky. If you want to do something with your money, don't ever put all your eggs in one basket! In other words: invest in different things, of course, very carefully, after a detailed research.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes very risky. but basically in accordance with the benefits that can be obtained. see now the rise of bitcoin, not a bitcoin thing would be pumped back for later this year. so I think this is a matter of speculation.
i suggest to you that half of your money only, so that if you need it in emergency you can get it anytime you want. because we don't know what would happen next, and the price of bitcoin is always change we don't know if it is goes up, or down.
Somewhat good advise as there is a up and coming fork which could mean you could doulbe your bitcoin depending on how the bitcoin price is affected
i suggest to you that half of your money only, so that if you need it in emergency you can get it anytime you want. because we don't know what would happen next, and the price of bitcoin is always change we don't know if it is goes up, or down.
Well, more risky if your money doesn't do anything. It's better to risk investing in bitcoin, because it's obvious that value bitcoin will continue to grow. While saving in bank, nothing.
Yes its risky to put all your money in bitcoins. You should put a portion of money in cryptocurrency not just in bitcoin. Bitcoin is huge so it won't grow too fast but there are other coins which can grow multifolds. For example ETH, NEO, OMG etc
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Depends on your country. If your country accept Bitcoin then no risk.if your country don't accept Bitcoin then it's risky.Government can take an action for money laundering case.Also they want to see your earning history. Also Bitcoin price is pumping by holding Bitcoin you can make more money Jump to: