is it risky to turn all my money to bitcoins? - page 177.

andylowe

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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 of course, the risk is always there. No matter how attracted you ate in bitcoin, no matter how impressive bitcoin today, you should not put all your money on it. Never ever put all your eggs in just one basket. And before investing into something be sure to have funds like below;
> emergency fund ( this is untouchable, only for emergency )
> Cash on hand savings
> health and life insurance
> retirement fund

jager

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All money to bitcoin is just to risky. The market is too volatile. Not advisable. Invest in what you can afford to lose.

doomloop

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Quote from: wolfracer on October 08, 2017, 12:46:11 AM

If you live in a country with a currency in constant devaluation, really isn't anything risky, otherwise, it would be the option most logical and prudent you would take.

You are right the money is all about the saving and the people will buy a lot of the bitcoin if you are saving the right policy the money is going high and you should invest in the bitcoin. The people who are aware of the right things than you will not be dependent on your family and your investing people. The money is high and you should hold it for the long time.

kimpena

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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, bitcoin doesn't have a stable value. So if you will put all your money in bitcoin there's a chance that you'll gain (if the value of bitcoin is high) and you will lose (if the value falls down). I suggest, you better put some money in bitcoin, but still keep money in the bank so that if bitcoin goes down or if it stop(although I think, will not happen now,or maybe in the future) you still have money left for your living. Its not bad to take a risk, but do not dwell with risk. Because you have no assurance that you'll win against it.

Cacaparg

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Surely it is risk for you, however all our life fields are risky, even if you put your money in bank it is also risk, if you invest them in business of real sector also risk.in this question - work with risk.

sourabhgupta2391

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i find it very risky unless my government declare it legal in our country..
but also in that case i find it risky for example i buy bitcoins and and price goes low
and if on next day i need money very urgently so i will have to sell my bitcoins at low prices.

its not only about bitcoin but any other share,stock or commodity

"don't put all your eggs in a single basket"

StonedWolf

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It depends on the time in which you go to do this operation, and to be very specific it is the value of the bitcoin that counts the most.
For example, if you buy bitcoins with a low price you can make huge gains in just a week or even before. While, if you buy with high price, you can have similar earnings but in a longer duration.

Restmand

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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 of course! it is too risky of you'll turn all your money in to the bitcoins .if you do that what are you used for your everyday needs now? its good to turn your money in to bitcoin but take note all the that's much you've done was a negative effect or have a bad effect. keep some cash on your pocket for your everyday needs and other you can secure on banks . but its up to you men its your choice i hope that you will not repent later what have you done. but i suggest you don't get risky its a bad idea

taiwww

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We must invest our money in various forms rather than any one, it may be bitcoins or banks or equity markets. It is always recommended to invest your money diversified sectors. Currency notes, FD,Savings Certificates have bank or governments guarantee. Gold have a universal acceptance it comes in a tangible form. Though bitcoins are emerging as good tool of investment, it lacks regulatory authority backing. Its buying and selling needs proper infrastructure setup. This setup is not possible every country.

Nivir

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No way you are gonna do that. You should be able to look and understand bitcoin's history and its charts. I am a bitcoin believer with around 50% of all my assets into it but I will never make it all-in, even 90%. Diversification of assets and investments is the best.

amishmanish

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Why ask such questions???

AND why answer after 30 pages of replies. Ohh wait...ACTIVITY hey..

But frankly, just for the sake of it, It is a definite risk to turn ALL of your money into any single commodity, leave alone bitcoin.
Though if you've decided to go the natural way and subsist only on what the earth provides you, you may put all your money into bitcoin and then wait for it to rise. Bide your time as a forest dweller in that while. You'd learn survival skills, become so much fitter, and come back to a fortune many times what you invested. Good Luck.

KingOfWinterfell01

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Quote from: mrfaith01 on October 08, 2017, 11:04:38 PM

Yes it is to risky to invest your all money in bitcoin because we dont know when the bitcoin price will go up or down...I suggest you can invest your 1/4 of your salary very payday...

Don't place everything on bitcoins if you know the risks. Don't go all in and end up being poor. Keep some cash for yourself and then invest the rest on bitcoins. The higher the risk, the higher the rewards. But if you have nothing to risk, don't give all of your cash. 1/4 of your salary is enough to keep you in-profit.

henmark

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Quote from: putih on October 05, 2017, 09:00:06 AM

Yes, because of the volatility. Be careful and only invest what you could miss in normal life.

This is something which you need to decide yourself. It is no doubt risky but you need to think carefully at the time of deciding the amount of money which you will be investing in bitcoin. Bitcoin is indeed a very good investment but you need keep some money in order to meet your daily needs. Think well before making any decision so that you feel no regret in the future.

sicparvismagna

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Definitely because if you invest all of your money in bitcoin then would result all of mode of payment would be in online but would happen if there is no internet or power supply then it would result you no way of paying some of your bills. But at the same time it is also considerable to invest in here because the higher chance of return in investment.

pandanaran

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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 risky, even though bitcoin prices are practically going to go up in the future, we have no guarantee whether it's true but if it's true you'll get a lot of profit, you can make money in a bank into a deposit or buy an apartment and rent it out or sell it for a higher price.

lunnatic

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COMBONetwork

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!

Any investment including bitcoin, the risk is borne by yourself. Investing is not always profitable so accept the risk that will be earned when investing bitcoin the risk of profit and loss. Although Bitcoin value is good for now do not mean you will get profit later.

Dannaey

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Experience the Future of DeFi

Everything you invest has its own risk. When you buy all your money with Bitcoin, it might get hacked. Or what if one day you need money, a big amount of money. So you have no choice but to sell your Bitcoin. What if the price of Bitcoin is lower when the time you bought. You sell at loss. You do not want that to happen. right? So I suggest, invest your excess money. Money that you won't be able to get in a long term. Diversify is the key. Left something for a short term use, and invest something for long term purposes.

EXITCORNER

newbie

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if u have full convidence with btc just do it,
but i'm suggest don't go too far better 60% from ur money
u never know what happen tommorow, keep it on your mind

barbara44

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Quote from: johny.valencia2 on October 05, 2017, 09:06:19 AM

yes it is very risky to turn all money in bitcoin,because it is decentralized,and may be someone is used it in laundering process.

There is no risk in investing into the bitcoin it is so versatile and as far as I am knowing this thing from past 2 years it never gave loss to anyone and bitcoin always put investor on the first priority and a lot of people are around me who invested there whole money into bitcoin and it blesses them and now they are holding an ownership of companies.

LordDisick

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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!

Absolutely true, why in earth you will turn all your money on bitcoin? What are you going to use in case you really need cash? And its really risky because of the volatility nature of bitcoin. What you can do is to divide your money, put some on it to bitcoin for investment and leave some on your bank account or wallet. Only invest what you can afford to lose.

Topic: is it risky to turn all my money to bitcoins? - page 177. (Read 37348 times)