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 risky to put all your money in one place, even in a bitcoin wallet. Don't invest what you can't afford to loose.
Topic: is it risky to turn all my money to bitcoins? - page 173. (Read 37348 times)
I think it's risky to put all your money in one place, even in a bitcoin wallet. Don't invest what you can't afford to loose.
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.
This one is good example to interpret the scenario of what can happen if you put all the money into bitcoin.
It's really risky to keep everything into bitcoin and that's really logical and we don't need to have very deep discussion about it really.
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should not invest more than 20%
The percentage of investment how ever depends on the OPs bank balance! If he is rich enough and can just go easy with the investment then his 20% could be very much or less depending on the richness. So that's really personal thing to decide. But that's good figure for average investors like me!
In the long term view risk is low I guess but put all money in anything is never a good choice, you should diversify.
It's not recommended to put all your money in bitcoins to reduce the risk investing in stocks or saving your money in the bank is also a good choice. Don't put all your eggs in one basket 
turn money into bitcoin,it's very risky because bitcoin prices are unstable.
indeed looking for profit in bitcoin is very popular with some people because it is easy for those of you who know bitcoin.
many are losing money as well as the lucky ones because bitcoin prices go up and down.
indeed looking for profit in bitcoin is very popular with some people because it is easy for those of you who know bitcoin.
many are losing money as well as the lucky ones because bitcoin prices go up and down.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I believe it to be very risky because the market is very volatile, and you should diversify your money to minimize risk! Of course you can make lots of money as in some rare cases ...
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Sounds very risky to me. I mean it's good that you are having faith into bitcoin (100%++) which we all do but there should be proper strategy while investing your money. Though your money is just sitting around your bank but there could be situation like emergencies, parties, going for outing abd stuff like that which is necessary for your daily healthy lifestyle. That's where you might need it so put half of the share or keys into bitcoin and let the money grow on one side and use rest to enjoy your life. ;-)
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.
Bitcoin has so far this year beaten many traditional investment asset in terms of ROI it has to offer on invested amount in shorter period. This make Bitcoin to be a lucrative investment. But never ever, even if you blindly trust your investment asset, invest in one asset. Always diversify your investments that too not among cryptocurrencies only but in various other assets as well. This saves the chances of complete loss. Invest about 30% of your salary but in different assets in which the most trusted asset should have the larger part in investment.
You can trust bitcoin for its credibility but thinking wisely will tell you not to invest all your money for it. Just like having ten eggs, you wo'nt give up all your eggs, you will leave some for the future.
exact !
You can trust bitcoin for its credibility but thinking wisely will tell you not to invest all your money for it. Just like having ten eggs, you wo'nt give up all your eggs, you will leave some for the future.
if you are a risk-taker and already an expert in making money in bitcoin, then go for it. After all, all kinds of online investments are risky and bitcoin is no different from it. But if you are newbie to bitcoin investment, it better to study cryptocurrencies first and their volatilities.
I am trying to put my money steadily into the market. It gives me a reason to save money from alcohol, large spending on buying unnecessary stuff and instead put those money into bitcoin and alts.
Of course for the question whether to put "all" the money in, definitely not a wise choice.
Of course for the question whether to put "all" the money in, definitely not a wise choice.
A wise man said "Don't keep all your eggs in one basket". Therefore don't invest all your money in direction. Bitcoin being decentralised is highly risky... Although the profit is also high. So invent that you afford to loose.
All of it? Yes. Put an amount where you can survive even if a emergency happens you need quick access to your funds. Please do your own research and make your own decisions on where to place your wealth. For me it's like 10% of my income.
In every investment their is a risk specially if all of your money turn into bitcoin, you just can invest half and other of your money just save it in the bank.
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 if all your money changed into bitcoin, because bitcoin does not have the law of bitcoin, if your money is lost who is responsible. 
In investing of course there are risks that will be experienced. It's good if we do not turn all the money into bitcoin, to keep watch in the face of risk should be only part of all the money we have, it's better I guess and can reduce a risk.
Just put a small portion of your salary each month. Never risk more than 20% of your resources, or even better 10%
Yes, it is very risky to put ALL your hard earned money in bitcoin. Let's just say invest 10 % or 20 % of your money in bitcoin, that way you won't be at risk of loosing large amount. The value of bitcoin is not the same it goes high and down, what if at the time that you needed cash the value is at its low point you wouldn't want that. Every investment have its own risk so we should be wise and cautious of our every move. Be educated and be updated, it won't harm if we put a safety border on up to how much we'll invest into something.
Right. Extremely risky and never a good idea. We'll never know if bitcoin will crash or not, though hopefully not for all our sakes. None the less, better to think about the worst case so you're prepared for whatever may happen
You can turn your money to bitcoins but i am not agree with "ALL". Well its true in order to start your business you have to invest. But you should to invest wisely. You can't spend your all money at once and for bitcoin its highly risk for you. Bitcoin has not fix price and your invested amount can increase or decrease in value in the matter of days. You should understand on how much money you want to invest and how much you will get profit and withdraw. Need to make a proper plan in order to maximize earnings.
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