Topic: is it risky to turn all my money to bitcoins? - page 174. (Read 37348 times)
The risk is obviously there, even if you invested a bit of your money in bitcoin the risk is persists but the impact of those risks for you is smaller. But if you invest all your money in the bitcoin the risks you will face become bigger and I do not think it's a good idea
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it very risky. We do not know if in the next day bitcoin will go down its price or what, banned by anyone or what. I have read another thread quite similar than your topic. He / she already converted all her grandmother’s bitcoin and now he / she is worrying when will be the next climb.
Maybe we convert our money into bitcoin if bitcoin already or totally replace cash. But by now, it is still impossible for now that bitcoin replace cash.
For the money place in the bank, you’re wrong that it “do nothing”, it grows but little by little. Your money in the bank is used to make other people loan and maybe 1% interest is what you get because the bank use you money.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Even if its money just sitting in the bank. It is certainly a very risky proposition to put all your money into bitcoins. The currency is volatile and is up coming. Although it has a lot of potential and is very promising, money still has more value and more established as a currency. Its purchasing power, market value, and credibility is more reliable.
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.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yeah a sort of. maybe the exact thing to say is not a very wise decision to do.it is ok to invest your money but not all because bitcoin is volatile. if we earn we will earn bigtime but if we fail it is also the same. to makr it wiser I think not all of your money. try some because as of now bitcoin value is higher.
Yes it is. Lots of people loose their money in entering in the field that they dont know or did not research before entering. Risking in investment is not giving out your money you might want to know what your risking for. Now bitcoin is nearing to another all time high so if you throw your money now and it suddenly dip then it will take a while to be up again. It's a very volatile market so you need to learn about it if you don't want to loose your money.
If you are going city convert your money and just store it in your wallet. It is not that risky I think. It will profit ad bitcoin's price goes up. Bit if you will invest it in some projects related to bitcoin, that would be so risky. You might have loss big part of your money so it will depend on how you'll going to invest you money into bitcoin.
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 because bitcoin is very volatile and nobody knows how the future of bitcoin is. but in my opinion than you keep money in the bank with a small interest rate, better invest in bitcoin but do not stay long. understand when to buy and sell.
It is risky. But, what is your expectation about your money? You want them to sit there and lose value?
Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.
Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it is because any investment is risky. If you will invest, make sure that you will only invest the amount of money you can afford to lose. However, if you trust bitcoin, you can investment your money. Don't forget that bitcoin is a long-term investment, so you should be ready to hold it for a long period of time.
Out of all the coins bitcoin is problaby the most stable to invest your money in. But NEVER invest all your money in bitcoin
It would be risky if you are moving ALL your funds to bitcoin, i mean, if you have only ten thousand dollars on you bank account right now, and you want to invest those $10k on bitcoin, then it is risky, you dont know what is going to happen to bitcoin tomorrow, maybe it looks so tentative to invest all money, but trust me.
Only invest $7,5k at max, and use the rest for other kind of investment, or just save it.
Only invest $7,5k at max, and use the rest for other kind of investment, or just save it.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
The money in the bank is money dies, and it can not make as much profit as you invest in Bitcoin. So, you should use that money to launch into Bitcoin, you will earn a huge profit. In addition, you should use that money to invest in some other Altcoin, there are also many other advanced digital coin like Bitcoin If your private keys are safe, it's not risky
Yes its one of the important thing to keep your private keys safe but talking on other risk like price inflations? How would you able to handle such thing? This is why its risky to put all of our money into bitcoin because theres no assurance if it would last for longer years.It may give potential profits but thinking off that we would also lose up money.
Some time ago I have invested all my money into Bitcoin and... it paid off! I have earned a lot of money thanks to Bitcoin. I'm still investing in by buying when the price declines, investing in ASIC miners and trading. I would recommend anyone to invest in Bitcoin right now. Bitcoin is still going to develop in the future and it will definitely have higher price! I wouldn't be suprised if it reached $100000 in the next 10 years.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it is risky at this moment. Bitcoins value is extremely volatile and it has to be stable enough to attract such kind of investment. Although, we believe in the bitcoins but anything can happen in the future, so it is advisable to invest only some part of your money into the bitcoins which will be less risky and in case of any unfortunate incident, the loss will be limited.
There is also a risk if you keep them at home. There are many ways to safely keep your capital, bitcoin is one of them
If your private keys are safe, it's not risky
for now not all country can receive bitcoin transactions. I think better we save a half for bitcoin and half for money cash.
Let's say the bitcoin is like a gold, so we'll use it for future investment
Let's say the bitcoin is like a gold, so we'll use it for future investment
There is always two types of people, even financial experts that are divided in this thought whether or not bitcoin will gain and survive in the long run. So depending on who you are getting advice from, you will really get his prospective on the bitcoin future. It is really up to you to decide how much you want to invest in the bitcoin knowing there is some risks involved. But you should not invest much more than you afford to loose. Personally I think bitcoin will see much more gain in the long term.
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