Topic: is it risky to turn all my money to bitcoins? - page 17. (Read 37346 times)
There are risks in everything, but the profit is worth it
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
not at risk, if i money it to buy btc only, because the current btc price again decreases, it's safer.
Hello everybody. I understand those who think that investing in something that can not touch and feel in your pocket, at least - scary. But this is fundamentally not the right approach. Bitcoin, - first of all, this is the advanced technology of blockchain. And investment in bitcoin should be seen as an investment in technology, in progress. The downloading price is the imperative of the time, the weak points of the market, because the market can not do without such differences. For me, the price is normal and one hundred dollars and one thousand and one hundred thousand dollars. To my deep conviction, bitcoin will cross such levels of value more than once in this century. Once again I repeat, - such differences for the market are normal, you should decide for yourself where and at what price you should buy, and then whether it makes sense to sell it. And I am confident that in the long term, this is the most profitable and safe investment of this century.
It could be effective if everyone accepted Bitcoin as a means of payment but that isn't the case. At this moment, the price of Bitcoin is really speculative because the majority is using it as an investment asset. Meaning that isn't really stable as a store of value, however better than altcoins. The rule of thumb is to never invest more than you can lose.
Yes of course. If you gonna ask me why because bitcoin is unregulated digital money. Investing money from exchanges has no legal protection. Do you know also that it can be stolen anytime because of hackers that will hack your digital wallet. Worse there is no guarantee about the value because anytime it will drop. Worst if you forgot and lost your password you cannot retrieve your money. For now, just turn your money into bitcoin what you can afford to lose a gentle reminder.
if I think the possibility of risk is very small if you play tranding with patience so I think it will be profitable for you because bitcoin every year is always growing instead of declining so I think it is a good idea but you also have to prepare money to eat not everything you redeem to bitcoin
I would not really advise you to exchange all your fiat money into bitcoins,
bitcoin is a good investment, but there is always a risk in every investment, you need to know that in the trading market of crypto-currencies
bitcoin is a good investment, but there is always a risk in every investment, you need to know that in the trading market of crypto-currencies
Yes, that would be horrible judgment. Take a note from people who have been making money in other, comparable investments models since investing was a thing - diversify. That doesn't mean you can't have a substantial amount in crypto/bitcoin, but to put all of your money in ANY single thing is just a bad strategy. We can't entirely use past results to count on future outcomes, that's why people got screwed in the dotcom bubble, in the housing bubble, in the tulip mania bubble for crying out loud. I personally have substantial crypto holdings and think that there is a great amount of additional profits to be realized, but you should always hedge your bets.
Well if diversify into safer investments in cryptocurrency then I don’t see an issue with going all in
It is always risky to invest money on something but when you investing in bitcoin be sure that your chanses to lose a lot will be doubled. I am not sure it is necessary for you.
Of course it is especially if you dont know anything about investing. You should first fully educate yourself before making steps that would bring you down. Then if you became a fully educated man you will then think that splitting the funds is a thing to consider and not to put all your money into it.
Yes it will be risky if you turn all your money into bitcoin. Many people says that investing is too risky if you put all your money in it. Instead of gaining profit you might have losses because in investing it's hard to predict when the price will go up or go down. but if your a good analyst or your good at observing things you may have a future in investing in bitcoin. but I suggest not to put all the money you in it, because bitcoin is unpredictable.
It is not risky its a matter of diversifying your portfolio , bitcoins is still very much volatile (which is a good thing in my opinion)and as such the price will not remain stable so it makes sense to keep some cash that you may require for the medium term as investments generally perform better over the long term , bitcoins is definitely a tool of the future and as such the only risk would be if the world were to end and given such an occurrence u would not need it anyhow , so invest away.
Yes, that would be horrible judgment. Take a note from people who have been making money in other, comparable investments models since investing was a thing - diversify. That doesn't mean you can't have a substantial amount in crypto/bitcoin, but to put all of your money in ANY single thing is just a bad strategy. We can't entirely use past results to count on future outcomes, that's why people got screwed in the dotcom bubble, in the housing bubble, in the tulip mania bubble for crying out loud. I personally have substantial crypto holdings and think that there is a great amount of additional profits to be realized, but you should always hedge your bets.
Well if diversify into safer investments in cryptocurrency then I don’t see an issue with going all in
i think that's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank and it is not a wise thing if you will turn everything , all your money to bitcoin. Where will you get money to buy foods and other necessities. Also where you will get to pay your bills. But if you will invest everything and you invest it before, then surely, you have a brighter future.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
there's always a risk in investing, anyhow invest only money that you can afford to live without it,let's have an example
let's say you have 2500$ all in all
and you invest it all on btc
then the btc is crashing down (like now)
and you suddenly need money, your 2500 became 1800$
but you need 2000$
you know what I mean? only invest money you can afford to live wiThout it for many reasons =)
You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.
You are correct, it is really risky to turn all your money into bitcoin which is a cryptocurrency. When we say cryptocurrency it is volatile. The price or the value of the coins are not fixed or stable. You may earn big time or you may loss all your money. So if I were you, invest but not all your money. If you want to invest then buy at the cheap price and sell ot when it pumps. At the end of the day it is your decision that matters but you must be careful in investing into something which involves money.
Yes it's a highly risky thing because nothing is garanteed in cryptocurrency
Hi,
betting everything on one horse, is always dangerous…and to high volatile, unstable assets even more.
That is valid for stocks, bonds and any other investment.
If you have experience in trading, you can wait for certain technical aspects to develop (currently, we are approaching 200MA, which can act as support...
), but even in high developed markets, it’s very difficult to achieve stable long term results also with the best setups.
If you want to invest, you shall rather look for a diversified portfolio with a well defined, tested strategy behind.
betting everything on one horse, is always dangerous…and to high volatile, unstable assets even more.
That is valid for stocks, bonds and any other investment.
If you have experience in trading, you can wait for certain technical aspects to develop (currently, we are approaching 200MA, which can act as support...
), but even in high developed markets, it’s very difficult to achieve stable long term results also with the best setups.If you want to invest, you shall rather look for a diversified portfolio with a well defined, tested strategy behind.
You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.
You are correct, it is really risky to turn all your money into bitcoin which is a cryptocurrency. When we say cryptocurrency it is volatile. The price or the value of the coins are not fixed or stable. You may earn big time or you may loss all your money. So if I were you, invest but not all your money. If you want to invest then buy at the cheap price and sell ot when it pumps. At the end of the day it is your decision that matters but you must be careful in investing into something which involves money.
it is necessary to think long and do not get the wrong prediction because this is for me very risky but we must have a strong mentality and need to know the price develop so be able to determine the right time to change our money into bitcoin.
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