Topic: is it risky to turn all my money to bitcoins? - page 179. (Read 37348 times)
Probably, because if you turn all your money into bitcoin and in just short period of time the bitcoins value had dropped tremendously that would be a big loss on your part. If you don't want that risk maybe you should at least turn a quarter of your money into bitcoin because in that way it has less risks for your money. And one more thing is that if you want to turn your money into bitcoin turn it while the price of bitcoin is in low price.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful.
Ya it is always good to not keep all funds in one investment let it be bitcoin also, so it is better to invest in multi investments so that if any investment goes wrong others can be saved.
It is only risky if you are not 100% sure what you are doing. If you are not sure then there will definitely be risk involved with you turning your fiat money into BTC.
It is definitely not risky to turn all your money into Bitcoin, especially if you know what you are doing. If you are not confident, and you are not comfortable using cryptocurrencies then their is risk involved.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If you have full trust with the bitcoin then I don't think that you need to think that is there any risk or not .But here you should be aware about the bitcoin and cryptocurrency , otherwise it will result into loss for you because it is not meant that if you will enter in this field then you will get success only .
So here if you don't know much about it then try your work with small amount of money Investment and if you got better success to handle then investment should be made by you in that amount as much as you can .
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful.
Ya it is always good to not keep all funds in one investment let it be bitcoin also, so it is better to invest in multi investments so that if any investment goes wrong others can be saved.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful.
every business decision must be composed of risk. without taking a risk, you don't expect anything special. you will gain what you have taken as a brave decision. so you have to set up your mind to take a potential risk then you must be financially benefitted. but Bitcoin will not betray you.
Yeah, it's a risk to put you all money for the business. So care full to more the process and invest the money. I need to invest you will know the bitcoin and business process and how to handle it ya important for the future growth. If invest 50% you will put you save 50% money for the your saving. It looses it will help you so care to handle the full process.
I think its very risky to put all your money into bitcoin since you will never determine where the value might end. Diversify with some othet coins and you might end up winning both sides.
every business decision must be composed of risk. without taking a risk, you don't expect anything special. you will gain what you have taken as a brave decision. so you have to set up your mind to take a potential risk then you must be financially benefitted. but Bitcoin will not betray you.
do it! You know that is the right decision.
Just remember use a hardware wallet.
Just remember use a hardware wallet.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Actually the money which sits in the bank is safe and if you have savings account you can earn some interest on monthly basis. But when you turn all of your money in Bitcoins you will always have a risk of losing your money. Price of Bitcoin is always increasing or decreasing, You can earn money too but there is also a risk of losing your money.
it is not risky if you buy your money to invest in bitcoin because the bitcoin investment is very profitable, because bitcoin price is always increasing, which we need patience if bitcoin price according to wait until bitcoin price is normal again and increase. because the bitcoin price is very fast to return to normal again 
You do have some points but this suggestion is really a very risky thing to do. We dont know on when bitcoin would last up and we cant be sure that its price would keeps increasing and increasing.We do know all investment do have risk this is why we should only put the amount that we can afford to lose on bitcoin investment. 
Yes, It is highly risky.
Diversity your portfolio.
Maybe 10% in crypto is good.
Diversity your portfolio.
Maybe 10% in crypto is good.
No one should invest 100% of their money in anything, but why are you saying 10%? Can you name other good things to invest in? Bitcoin is the best investment option around imo and I don't think one should invest 10% in Bitcoin and then look for 9 other things as good as Bitcoin to invest. However hard you try you will hardly find so many such things because they simply don't exist. Maybe to diversify your investments is a good idea in general, but Bitcoin is an exception from general rule.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Of course it's risky. Bitcoin has good potencial, but no one knows how well it will go. A lot of regulation is still going to happen, and some countries might even consider it illegal, forcing you to use it underground if you really want to do it. I still say invest in it, but only invest what you can lose, if anything goes wrong in the process.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Actually, you can simply say that its too risky because the price of bitcoin is volatile and there are time that value of bitcoin goes down so that it will result to low income. Furthermore, if you faith on bitcoin you must turn all your money into bitcoin because there is possibility that the price of bitcoin will goes up so that it will result to high income.
BTCbitcoin is not a risky to turn all money to bitcoin currency,Bitcoin seems like a Gold Coin.
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, everything is risky here. But it is better to try with this than to leave money in bank. 20-30 days ago there was BTC dump and price was around 3300$ . Now it is 4500. You could earn a lot with short term investment. About long term investment, I don't know. But everyone think BTC will worth a lot for few years to 10 years from now.
For now, it is. Just keep a little Fiat and some of the cryptocurrencies. It will give you a win-win situation in the end.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, all investment have their respective risks. You should be cautious where you will put the use of your money. You can start investing a small amount and save the remaining. You can also try a small business. Just be sure that you still have enough savings in case of emergency. Bitcoins are not for short tempered people so play nice. Jump to: