is it risky to turn all my money to bitcoins? - page 171.

thinkdifferent

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Quote from: waqarkahloon on October 12, 2017, 04:10:56 AM

it dont seems risky right now but who knows about future. So never put ur all eggs in one basket. Invest a part of your money in bitcoin and make good profit or bit loss as this is a field of uncertainty where there is big profit or loss.

That is correct. Whether it is bitcoin or any other investment you shouldn't invest all your money in any single product instead try to diversify and reduce your losses.

poplolnman

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Quote from: CoinFoxs on October 12, 2017, 03:47:56 AM

Quote from: lili song on October 12, 2017, 03:05:10 AM

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.

it's just the matter how dare are you taking risk, we have seen a lot of stories about how someone take big move by sell almost everything include their house for the sake of long term investment and while waiting the price increase they are travelling around the world. and when they back from travelling they can see how their investment work. live is about taking risk isn't it? so , it's up to you! indeed risky but it's worth!

waqarkahloon

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it dont seems risky right now but who knows about future. So never put ur all eggs in one basket. Invest a part of your money in bitcoin and make good profit or bit loss as this is a field of uncertainty where there is big profit or loss.

whoisyourking

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Do invest some of your money not all of your money bitcoin is not stable in terms of value and legality there are gossip that bitcoin will become banned in many country taking this kind of risk will lost all of your money and also ruined your life forever..

silent17

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Yes, Puting all your money is very risky, because Bitcoin currency always change, what if you needed your money and then suddenly the bitcoin goes down?
The value of your money goes down as well, for me. Bitcoin is only for those people who want to invest and not make it like a bank.

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Quote from: lili song on October 12, 2017, 03:05:10 AM

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.

MoneyIsDebt

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Quote from: lili song on October 12, 2017, 03:05:10 AM

Yes very risk, you should save some your money to the other things. Better for bitcoin is for long term investment.

Yes i am quite fimiliar with you and i think putting all in it is quite dangerous or risky but i really believe in its potential and i think over the years we have seen its progress and i think it is now considered as safe haven for investment. But if you dont know how crypto currencies work you should first take time time learn before investing in something you don't know. Its i will advice you to invest 25% of your money in bitcoin , 25% in altcoin if you are going for the big investment.

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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 suggest not. Invest only what you afford. How about your daily needs... dont put your self into a hard time..

Evilmorty69

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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 best way would be to invest you money. For example I invested in Confideal and its really good. :)I think it all depends on the project. If you do not believe in the product, during the bounty period, dialed tokens, then you need to sell at the same second. If this is a real product that can bring income, it is worth the wait. Cheesy

suvo05

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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!

Certainly it is very much risky. There could be a health related situation/or anything like that, when you need a good amount of money and you will find none of this kind of service accepting bitcoin. Then you will have to sell your coins might be in a low price. So as per current situation you must have some flat money.

lili song

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Yes very risk, you should save some your money to the other things.
Better used bitcoin is for long term investment. I see in this year bitcoin increase faster.

Bluestreet

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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 is very risky to turn all your money into bitcoin as you should always have a decent amount of cash with you on which you can survive for few months in case something bad happens, so I would advise you to first have a check on how much you spend monthly and then invest in bitcoins on basis of that.

KevinSutrisno

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I think you should keep your money really vacant to be invested into bitcoin or other investment instruments because the movement of Bitcoin is fluctuating enough that it can cause losses if the funds will be used for something urgent but the price is low when compared to when buying. save sufficient according to your ability and leave for some time then feel the abundant profit you get.

TUs77777

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It's not even risky, it's stupid ! you must have strategy for any development of events, but if you invest everything in bitcoin, and there's a fiasco what do you do ?

athanz88

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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 is not good to go all in. Invest what you can afford to lose. Investment is a two sided blade, so you need to think and learn how to use it right and carefully.

jhony525525

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It is highly risky to convert all your currency into only one currency because if there is any change in that currency all your money will ruined. It is saying that don’t invest all your money into one investment the same is for money if you convert all your money into one currency for the sake of profit there is a probability to get loss instead of profit.

vk8181

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Yes bitcoin is a very good thing to hold your money on but still you should not turn all your money into...there is always 1% risk and you should he safe in all aspects

Firefly Foundation

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If take all of your money on the bitcoin, certainly it can be a very risky thing. For invest, people should always be careful of that.

josephpogi

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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 yes! But if you have a courage to invest all your monet it's up to you all investor must need to take the risk but if you have a trust in bitcoin it will give you a lot of money or become rich someday but as i said if you turn all your money in bitcoin it's to risky.

Me2ci

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I would say its pretty risky. I would also say put SOME not ALL of it in btc/eth/alt coins and the rest in stocks, bonds, etc. Its good to have a bunch of various different ways of storing value. Everyone has their own risk tolerance and preference as well so keep that in to consideration. If youre younger you generally have a high risk tolerance since you are able to make it up later. If you are old you tend to be more conservative.

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