is it risky to turn all my money to bitcoins? - page 170.

cryptoknightt

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Quote from: Karmakid on October 12, 2017, 08:01:59 AM

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!

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?

yeah every investment always has risks. but putting all the money the risks are very big, I wouldn't recommend it. don't see the results, but the risk is that you could just be stress when the money is gone. Please act according to the ability.

rowbot

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Quote from: terrific on October 05, 2017, 05:20:39 AM

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, 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.

Man, always diversify it...don't put all your eggs in 1 basket. Risk management is No1 Priority!

Karmakid

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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!

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?

iyan33

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Quote from: globaturcana on October 12, 2017, 06:41:15 AM

It is very risky because of bitcoin market is very volatile. If you hold your btc very long time it can be but otherwise you shouldn't turn all your money.

I think if you change your money to bitcoin for trading purposes or short term investment of course this is not too bad for you because by using trading method of course you can get profit quickly but it depends on your ability and knowledge in trading.

siti25

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Quote from: globaturcana on October 12, 2017, 06:41:15 AM

It is very risky because of bitcoin market is very volatile. If you hold your btc very long time it can be but otherwise you shouldn't turn all your money.

Whatever we buy, payments with money will always be valid and will always be accepted, whether cash or account. But bitcoin, not all purchases we can pay with bitcoin or bitcoin have not been received for everything. So replacing all our money with bitcoin is a huge risk. If you want to at least wait until Bitcoin really accepted everywhere.

globaturcana

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It is very risky because of bitcoin market is very volatile. If you hold your btc very long time it can be but otherwise you shouldn't turn all your money.

Klestar

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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 it's risky to invest all your money in bitcoin becuase bitcoin is volatile sometimes decreasing sometimes increasing.

Bram 666

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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 many exchange all money to bitcoin and lost a lot but generally RISK mean more income and more money

it is back to you if you exchange all money you may be very very rich or very very poor

fredo123

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When it comes to malicious threats like hack and scam, this the most worst thing happen if you invest all your money thru btc, You could hardly recover your money, I used to suggest 30% of it to btc and the other just hold it to the bank for emergency cases and future purposes. Careful always in handling btc because there are so many worst possibilities may happen if encase.

saeron-ssi

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It is very risky to invest all your money into bitcoins, since it isa an online trend, and if you don't know what you are really into, there is a high kind of risk. Online accounts and online transactions can easily be hacked nowadays, so it is one of the disadvantages. Another thing is that the value or exchange value of bitcoins vary depending on the trend, there will be a case that your money will be earning or maybe, and likely possibly not. So if I were you, still try to invest some of your money in banks, in real estates, in stocks and make some of it for bitcoins.

cherrymobile

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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 it's so risky to turn all your money in bitcoin but many people became rich by investing so try to invest the half of your money then learn about investing to get more knowledge about it , bevuase bitcoin is volatile so no one can predict the value of bitcoin .

roshanface123

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It's very risky to invest all money in your hand.It's just too volatile.It held a wild fluctuation in price. Those sudden ups and downs would be bad news for your portfolio.So compensate this you should need some savings in your hand.

aldrian09

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Turning all your money to bitcoin is 100% risky, its a no no to put all your money in one basket even no matter how much you believe and trust your investment.

Mawnis

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Yes it is very risky because if it goes wrong then you have lost everything you have also you only need to do that when u have enough knowledge about bitcoin and know what you are doing i would suggest that you don't invest all in bitcoin but like 30 to 50%.

supine

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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!

Of course it is, you should just invest the amount of money that you can afford to lose. Even though bitcoin is a good invest, however, investing is risky. Bitcoin price is volatile which makes it hard to speculate.

Roman Abraham

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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!

I think it's very risky, because bitcoin prices are very fluctuating so it make the big risk, but if you have the courage to do it, do it buddy it's doesn't matter, you will get big profits if your investment is big too.

djmixen

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I think it is ok like what you said that it is on the bank and nothing to do so, it's better to change it to bitcoin because the value of bitcoin are getting high as year passes by. So you will earn more if you exchange your money to bitcoin.

KuromaYoichi

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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's always risky to put all your money in one basket, in this case bitcoin. As good as it is right now, there's always some unknown risk whether it's from regulation or something else. Bitcoin is very volatile that some bad news can basically make the price crash hard so i don't recommend to put all your money into bitcoin.

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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!

I always believe that BTC (and all crypto currencies) will eventually live in parallel with FIAT, i.e. the real money (FIAT) will always exist
So, I believe that it's not even wise to convert all your FIAT money to BTC
Moreover if you're getting into BTC or crypto for investment purpose; then, as with all other kind of investment, 'play' only with the money that you can live without

Usui-Kun

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The instability of bitcoin's value is a very good reason why you shouldn't invest all or most of your real or hard-earned cash. There are lots of other things to invest in.

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