Topic: is it risky to turn all my money to bitcoins? - page 18. (Read 37361 times)
this is good but also please understand first because we have to understand how the right time if you want to change our money into bitcoinn and we must understand the condition that we better buy when bitcoin down and sell it when bitcoin has a high price
Not safe. I think it's not appropriate at the moment. Its value is not stable. You are choosing high risk. I advise you to choose a safer solution. There are still a lot of ways for you to get bitcoin. You should be patient and hoard it slowly. I think it's safer for you
Inlaying all money is not needed. I think better at first to try, and then slowly to inlay. Simply if he will collapse, will be very offensive!
You can invest in bitcoin, but not all your money. Bitcoins aren't a stable super-liquid currency. They are a volatile investment that will go up and/or down a lot over time. I would not recommend investing more than 30% of your savings in Bitcoin unless you have steel balls and you know exactly what are you doing. Most investors in Bitcoin are tech-savvy people and fintech professionals. If you’re not one of them, try something more accessible first (like gold or stocks).
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think this is risky. Actually not because we put a lot of money into bitcoin then become a risk But when we convert our money to bitcoin, it's already at risk. Because this is the same as we are trading. In trading, there will be two possibilities of profit or loss.If any one read my past posts, understands that I really believe in bitcoin and I know it as one of best investments. But for sure it is really risky to turn all the money to bitcoin or any other asset.
Yes, it's too risky to turn all your money to bitcoins, because you didn't know that how long will bitcoins end and how far will it continue, it is good that you must use the real money in good, just like investing or raising/ having a good business, so that in the future you won't regret that you turn all your money into bitcoins you will not know what will happen to bitcoins in he future so you must think and be wise for wasting your money.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think this is risky. Actually not because we put a lot of money into bitcoin then become a risk But when we convert our money to bitcoin, it's already at risk. Because this is the same as we are trading. In trading, there will be two possibilities of profit or loss.
Risks will always be there, let alone bitcoin using a decentralized blockchain system. But I think if we know how, bitcoin will give something really big. Maybe you use 20-30% capital to invest long-term.
Yes, it is risky. Even with the trust you have on Bitcoin and cryptocurrency, you'll be in trouble let's say for example if the market crashes. It would still be ideal to have some back up in the form of fiat money even if it's just sitting in the bank and do nothing. Its better to have it there for the purposes of security. You should have a variety of assets so that all your funds and investment is just in one place.
Your money is safe in the bank but if you want to take risk and earn more profit then invest in bitcoin but just a portion of it as bitcoin is really a risky venture.Be cautious to invest all your savings as bitcoin is a highly volatile currency and be warn also that bitcoin is a decentralized currency so your investments has no security or insurance not like the banking system.And because of its volatility price fluctuate every now and then,there will be instances that price will really go down deep and if you're a faint hearted person you might panic sell and lose more.
To sum it up bitcoin is a very profitable investment but risky so invest at your own risk.
To sum it up bitcoin is a very profitable investment but risky so invest at your own risk.
It is 100% risky to keep your money in inflation infected cash this is for sure
Bitcoin is inflation resistant and will go up always by its design becasue the supply is limited and more and more people are entering
Bitcoin is inflation resistant and will go up always by its design becasue the supply is limited and more and more people are entering
investing in bitcoin is indeed very risky. BTC value can rise &/or drop anytime, even in a matter of minutes. although you can gain big-time when btc price increases, but you can also lose alot when it decreases. so i suggest you allocate only an amount of your money that you can afford to lose.
To have the ultimate answer to your question you should really give a look at the market today. And then try to imagine how you would feel if you had turned all your money to Bitcoin when it was 20,000$.
Of course it's risky to convert all your money into Bitcoin because the price of Bitcoin is very volatile it can increase quite drastically in a few weeks time and on the other hand it can decrease drastically in a few weeks time something like which is happening right now. If u want to invest first start with a small amount, get some experience of the market and then invest some more. At least your money is safe in your bank account and easily available to you when you need it the most.
I think, yes. if it dumped ur monies will dumped too. it is very risky
It can be risky but depends on how long are you goting to hold it as Bitcoin. 
Buying Bitcoins and holding it for long time has proven to be great thing to do. I would prefer it to divide the half into the bank and the rest in Bitcoins but There is a saying that goes "Do not put all your eggs in one basket".
Buying Bitcoins and holding it for long time has proven to be great thing to do. I would prefer it to divide the half into the bank and the rest in Bitcoins but There is a saying that goes "Do not put all your eggs in one basket". is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Definitely yes. Investing all your hard earned money to Bitcoin is too risky. Bitcoin price is unpredictable. Invest only the portion of your money that you can afford to loose. Putting all eggs in one basket is nit a good idea.
First rule of finance, there is no guaranty that you are not risking your money.and actually with the bubble bitcoin is knowing if it doesn't get stable the bubble will simply burst. So I'd say we have to be at least a bit careful and leave some money for security.
What you need to you understand first is bitcoin is an investment and every investment is always risky. I think you got the answer now
Supporting you, I will only add — it is risky not only these days, when the market is fluctuating, but always. It is not the best idea to turn all what you have into Bitcoins. It is better to deal with 30% of your funds.
Yes, it's too risky to turn all your money to bitcoins, because you didn't know that how long will bitcoins end and how far will it continue, it is good that you must use the real money in good, just like investing or raising/ having a good business, so that in the future you won't regret that you turn all your money into bitcoins you will not know what will happen to bitcoins in he future so you must think and be wise for wasting your money.
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