is it risky to turn all my money to bitcoins? - page 180.

Valzzz005

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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 it is pretty risky because you cannot say what will happen after you invest all of your money. It is all of your money, remember that, if you lose it, you have nothing left. So my advise, don't invest all of your money, instead invest like 20-30% of it because investing on bitcoins are going to be a long ride. But it is gonna be worth it I promise. You can even be a millionaire if the price of it rises tremendously like before and that is not impossible to happen.

crustez00

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well, you should invest to bitcoin. but i think if you want to turn all of your money to bitcoin, it is highly risky. because bitcoin itself is volatile. Better to take 50% of your money to go on long term invest in bitcoin.

Gabrieelle

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Yes of course it is too risky because you're talking about a long term investment. When investing don't turn the money you can't afford to lose always put that in mind. You better think twice if it is going to be good because we can never tell the price of bitcoin because it is continuously fluctuating. You should divide your money in a way that it is going to be profitable for you.

cramblimp

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Yes, other people take the risk, more risky, more money you can get. In fact, it depends upon you if you take the risk, then you deserved it. For me, don't turn all your money into bitcoins instead, just put a half of your money in bitcoin because your remaining money will be reserved for other purposes. Just in case.

Fretcy

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Bitcoin is highly volatile so we cannot predict the value, bitcoin chart shows that there is a pump and dumb in the market if you are investing for long term then that would be a good option as there is high growth potential for bitcoins and I will not suggest anyone to invest all your money in bitcoins as it's highly risky, but in order to gain profits also you need to take risk so if you are ready to take the risk means then go for it buddy sometimes it might change your life for the better. Always keep in mind that investing half of the money is less risky than investing all your money like there should always be a second option if the first thought does not work.

HasHe

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Definitely,its a risky investment for turning all of your money in to bitcoins.Bitcoin price is highly unstable and its due to variation in demand for bitcoins.Instead,you could turn half of your money in to bitcoins.that would be safe.

However,some people who have thoroughly analyzed the concept of bitcoin and its previous price movements and find its future to be great,they just dare to invest all of their money in to bitcoins.It needs huge courage and also patience to see the expected results.

But for those who are new to this crypto world,its better to play a safe game.

Daniel91

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It depends on your personal situation and plans.
If you see bitcoin as a long-term investment, and you have a surplus of investment money, then it's definitely a good idea to invest in bitcoin.
If you do not have a surplus of investment funds, and you are a short-term investor then bitcoin is not for you.
Bitcoin has a very good profit potential but needs patience and time.

kevinzxz

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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 Cheesy

krisnt80

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Bitcoin has already proved its value on the last years, soo it has some risk, but the potencial is bigger and the reward will be as well. Bitcoin is starting to be accepted worldwide, soo we are getting slowly int mainstream, and soon bitcoin will be used as store of value as well became the biggest investment option.

TheGodson

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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!

This is a terrible terrible terrible idea. Diversification is key. It is better to have something than to be totally broke. I don't think bitcoin will collapse, but the possibility is still there. There are plenty of other things to invest in as well. There is a saying that goes "Don't put all your eggs in one basket". This applies here.

yrreg ger

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Quote from: bololord on October 07, 2017, 10:11:21 PM

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 it's so risky to invest all your money in bitcoin but if you have a faith and trust to bitcoin i'll sure that you'll get a lot of profit someday becuase when you see the value of bitcoin is totally increasing and bumping up so just believe to bitcoin.

You are right if bitcoin is successful in the future but we can't predict what will happen, only speculation. The decision we can do is to earn a bitcoin than use a capital for investing. The earned bitcoin was use in investing or trading in this way we can avoid to lose money. That's true to put all money in bitcoin, another reason is bitcoin was banned in some countries and it is possible to the whole world.

Peashooter

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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!

Don't be a fool. That money in bank doesn't just sit there. If you're bored of your slow profit, you can try to invest some, but not all. There are many things you can invest to. Just be smart in money and you'll do well.

Question123

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Ofcoarse its very risky yes we say bitcoin price is good opportunity and possible your money will grow if you choose bitcoin. But if you want to take all your money in bitcoin is bad Idea brcaude what if price kf bitcoin decrease or die your money gone if that happen. Its better if you want to invest make sure invedt only you can afford to lose of the 50 percent of your money to prevent losing all your money.

wallstone

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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!

Well of course. Every investment have their own risks. So don't invest all your money. You can start with a little amount and be careful to in using BTC. If you could see it's gaining profit, then add more investment. But still, you should keep some in the bank so even if some bad things happen, you are financially secured. You can also use some of your savings in other things like try to start a new business. In the end, whether you profit or not, you know that it still the best to play safe.

pendekar cinta

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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!

If you have the most powerful strategy to take the money into bitcoin is not a big deal later. But if you do not really understand about it do not ever be desperate first because the possibility of your chance to lose could have happened even the capital in use will not be left at all. Better to learn first in order to run well the job.

zais

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Quote from: terrific on October 05, 2017, 05:20:39 AM

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, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

if the problem of risk is definitely there. if I was better off holding real money security, more guarantee, because I was afraid of what happened to James Howells also happened to me

rocketbits

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Quote from: ?? on ??

Sure,It has high risk.No one people do it,If anyone do it might be he has lost his scene. Bitcoin is a virtual currency.No one can surely said what will happen with bitcoin in future.so never try to invest all of your money into bitcoin.

I strongly disagree. I must say if someone get into this world then he might have been satisfied at his level about bitcoin that bitcoin will never die. What will happen to bitcoin, this is really a mystery but you can’t say that one have to be much sensitive about putting all investment in bitcoin. We all believe bitcoin will never die, so nothing remained unanswered.

Sadlife

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Nope it's not bitcoin already matured from volatility due to the increase of acceptance and adoption of other countries and merchants it is now considered as safe haven for investment. But if you dont know how cryto currencies work you should first take time ti learn before investing in something you dont know. Its better to first invest 50% of your money to see hiw it works then you go all out once you master it.

star19

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I Thing it is a very risky to turn all money to bitcoin. Never put your all money in a one bag.

supandi wiharja

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Earn crypto for being contacted

I think it's very risky when someone spends his money to buy all the bitcoins.
We must have many different business branches not just focus on bitcoin, because if we suffer losses it will be covered with other business.
We can invest in bitcoin but not for everything.
Because i myself am a very careful person and do not want to take risks.

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