is it risky to turn all my money to bitcoins? - page 172.

diegz

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Quote from: creame on October 12, 2017, 12:33:21 AM

A dollar ain't what it use to be. I think its more risky if you don't put all your money in Bitcoin. Bitcoin is multiplying in value - cash money loses value everyday. Bitcoin also ain't what it use to be, but in a good way.

How about the security and insurance? is bitcoin secure and insured when it is in your wallet like banks do? I think it's not. So, I think it's risky to put all your money into bitcoin. If something go wrong with your wallet, then your money will be gone, while when your money is in the bank, when they are robbed, your money is insured.

I think it is still better to put your money into your bank and your bitcoin earning into your wallet.

creame

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A dollar ain't what it use to be. I think its more risky if you don't put all your money in Bitcoin. Bitcoin is multiplying in value - cash money loses value everyday. Bitcoin also ain't what it use to be, but in a good way.

veraoktav127

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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!

if we want to invest safely it must be smart to arrange it, there are short-term investments such as savings in banks or savings, long-term investment can be in gold or property. Bitcoin may be both short-term and long-term investments, so it's better to multiply investments with different types of investments

DimaS1574

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To my mind surely it is a risk. very well suits one sentence -"don't put all egs in one busket". I think you have to diversify all risks

Emworks

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Its a suicide decision.Its too risky to put your savings in bitcoin..it may look good today but still its not stable and theres no guarantee you will make a million bucks..if you take a look at the chart it frenquently changing and sudden drop might happen.its better to diversify your porfolio rather than puting it in one basket.

ubeng07

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Quote from: Phildo on October 11, 2017, 01:31:27 PM

very risky, it’s not a wise thing if you are thinking to allocate all of your money to Bitcoin. Better you allocate it also to other sectors so if one of your investation fail then you still have another investation. besides, investation should not be allocated with all of our funds but with half or a small part of the funds we have, we invest to hope that its value will rise for future asset not become greedy.

agree with you this is not a great idea if you will put all in just one basket much pretty better if others are on some sector cause we cant assure the possibility of it that it will never fail and we cant sure if this could be a successful thing that you must gonna do.

Evilmorty69

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Quote from: Adbitco on October 05, 2017, 05:27:59 AM

It's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.

I think one should invest into real products or stable btc
If you are sure you wanna take risk, I'll ttry some of those: UnikoinGold or Confideal.
I have already invested 350$, hope to get some profit

Triple

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Bitcoin is a very volatile currency in value, many people are interested in using Bitcoin because of it but the fluctuations occurred seem to have a good growth and more people want to make Bitcoin as a tool for investment, and investation is to set some part of money we have aside outside of our savings, investation is money that we save for future just like savings but fluctuate in value, it's not like you deposit it in the bank or buy gold whose its value certainly will increase. Bitcoin is heavily influenced by market sentiments, many inexperienced people, not well educated, and still have weak hands. So if you plan to put all of your money in Bitcoin you are just risking by riding a car going downhill without brakes.

nejibens

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Yes it is a bit risky to turn all your money to bitcoins. Bitcoin nowadays is stable and having high price, but we can't predict a guaranteed future for this crypto currency, or for its price. It will be used and traded for years surely, but the price is volatile, it can going down anytime.

sublime5447

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yes it’s very very risky, BTC price can rise or fall at any time. Bitcoin market today is still very volatile, because of many new players here. if you invest your money then BTC price drop down at any time , what are you gonna do? will your hands be strong? from where money for your daily lives if you allocate all of your money to invest.

Phildo

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very risky, it’s not a wise thing if you are thinking to allocate all of your money to Bitcoin. Better you allocate it also to other sectors so if one of your investation fail then you still have another investation. besides, investation should not be allocated with all of our funds but with half or a small part of the funds we have, we invest to hope that its value will rise for future asset not become greedy.

zupptech0119

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today? i think yes 'cause internet are so deep, we dont know who can see us, who can spy us, and who can track us. it is better to keep your money safe and invest your small amount of money in bitcoin. we should take a risk to know/learn more about bitcoins.

hallo1488

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Yeap, it’s risky if you are talking about putting all you money into btc, it is too volatile

pathapoddo

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Yes,there is risk to turnover all your money to bitcoin.Because bitcoins price always ups and downs.But if you want, you have invest in good project. Best of luck.

rachelia13

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Yes very risky to turn all your money in bitcoin, but than your money just sitting in the bank without any results, why not take that risk? we never know what will happen, maybe you have luck so the money you turn in bitcoin can be doubled, but if you do not dare to take risks then my advice just put about 20% of your total money in bitcoin, and the rest you can use to buy a definite investment like gold for example

jasonjm

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It is not a wise option to invest all your money into Bitcoin there are many risks in that, so it is better to invest some of your money to Bitcoin and some to different altcoins which have the potential to grow and high market cap.

Harriti

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Quote from: kandholabhavna on October 11, 2017, 09:12:32 AM

Would you keep all your eggs in the same basket? The answer should be NO. I suggest that you should not invest more than 20% of your total savings into any share, stocks, property or commodity. Split them, its called risk management. Read about it please.

Other cryptocurrencies I can not invest much money into them, but with Bitcoin, I do not think we can not invest into it more than 20% as your said. Why do we need to negate the future of Bitcoin? It is the King in the cryptocurrency world. Bitcoin falls down synonymous altcoins also falls down, that is the rule.

jc89

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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 not just risky but also unwise of you if you did. You've worked hard for that money, didn't you? How would you feel if one day you accidentally lose your privkey? Or your wallet was hacked? I bet you'll tell yourself that your money should have stayed in the bank afterall. And you'll definitely be devastated and might suffer emotional distress. So better think it through before doing just that.

Rhrokib

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Yes,Its very risky. Bitoin can dump huge anytime.so it will be bullish work. don't try to invest all of your money into bitcoin.

Lecsor

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I would not risk to turn all my money into bitcoin or other crypto currency. You need to remember the risks of losses in the event of a collapse and spread your money in different cells.

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