Topic: is it risky to turn all my money to bitcoins? - page 182. (Read 37348 times)
I would not do it. Unless in your country you are able to pay for everything Bitco. In Poland it is not possible.
Ya not only bitcoins but it is always risky to turn all money to any one investment because tomorrow if it goes dead then you are also dead. So it is always good to split the investment and invest it. Which is good for all investors.
exactly, friends have expressed different opinions and different angles. Now it depends on you, what you will do and you plan. I just remind you, you should always learn everything thoroughly. so you do not get a loss that is not in want.
Yes it is risky putting all your money into bitcoin because you cannot tell what's gonna happen tomorrow bitcoin is so unpredictable today it has a good value but you may become surprise tomorrow it no longer have the price it has today and may suddenly crash and lose its value..so better safe and do not put everything you have in a risky situation
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
To put all of your eggs in one basket is always risky and you should not do that. Although risk involves in every business but try to minimize your risk before doing a business. Bitcoin is no doubt the best investment to earn huge profit but we can't deny the fact that it is unpredictable having high volatile price. Invest in bitcoin but don't put all of your savings in it, be on the safe side.
I will never suggest this move to anyone, not because it is highly volatile or something else. But because of the fact that it is just popular among 1% of the population right now and also you cannot have transaction with Bitcoin at most of the places which probably means that you have no real money, if you want to buy some local goods or daily products. There is no doubt that, Bitcoin is emerging as one of the most powerful country but still many people are unaware of the term Bitcoin. So, I will suggest that you should invest money in Bitcoin but don’t invest the entire amount that you hold.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
it's definitely riskier than letting it sit in a bank, at least short term. but who knows, the bank could fail any day now!
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
In turns of investment there is always a risk so dont put your all money just put that you can lose. Always check the price in the market so you can earn big profit. how much would you buy. I think you can do with various methods, don't you waste all your money on one coin. you should spread for some coins.
I think that sal will reduce the risk. although the increase value is always potential for bitcoin.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Bitcoin is volatile also there's no fix price for bitcoins. Its increase and decrease all the time . Nobody know when it fall down and you lose all your money. So for me its risk to exchange your all money with bitcoins. An intelligent decision is to move only part of your money in bitcoin and keep the rest of cash for some other projects. It is always better not to keep all your eggs in a single basket.
Yes, you are correct. But, We need some more features, we need such fast transaction with low fees.
Other electronic money is also faster like BTC but they are not profitable like BTC. Bitcoin is a good place for any Investor. To be achieve more popularity BTC needs to reduce transaction fees cause at present Due to high costs, we are not able to send low amount.
Other electronic money is also faster like BTC but they are not profitable like BTC. Bitcoin is a good place for any Investor. To be achieve more popularity BTC needs to reduce transaction fees cause at present Due to high costs, we are not able to send low amount.
Yes its risky like some of post here say this is risky because its volatile but for me i will invest my money here if i have because of my reason that the bitcoin is going so high based in past 7 years history of bitcoin read here in some topic the price of bitcoin is 20x now so risky but also a big chance of profit
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
we have hard wallet here for the safety of your bitcoin but the only problem is the volatile price you can rely for the security to save your money here but the problem is the volatile price of bitcoin here in philippines we have exchanger of bitcoin to our own try to search in your country if you have like that 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well, a real thought question that has crossed my mind so many times. I for one will put most of my cash into it and let it work for me than staying in a bank fallow! The risk are much less if your converted money in Bitcoin is put in a regulated trade. I don't buy the idea of just keeping money in bank except in shares, bonds, treasury bills and the likes. Irrespective of the risks involved in Bitcoin or Cryptocurrencies in general, that's why we are all here and it is somewhat sustaining. So, my take is, you can turn most into bitcoins or other businesses and leave few for the daily needs and contingencies.
yes put all your money to bitcoin is to risky especialy you dont know much about bitcoin.. its better to give a half of your money in bitcoin so that incase you lose you have support...
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is. You have to left some money in case of emergency. Because if you put all your money in Bitcoin wallet then something happen, all banks are closed, you can't exchange your Bitcoin with fiat if that happens. So buy Bitcoin with your excess money, but not all.
the answer is yes. you should never do all your investing in one instrument. you should always divide it to different baskets, so you still have some eggs if something bad happens.
All investment have risk to the investor, but I think bitcoin is profitable investment for who can play long term. Don't sell bitcoin when the price drop. Bitcoin price is fluctuating so it's will high risk if you turn all your money into invest bitcoin.
it is very risky to change your bitcoin with fluctuating prices that are not erratic as it is today, but if the higher the bitcoin value it becomes profitable for us and become income for us later, take the example first bitcoin is in the range 1 btc = 1 dollar, now has to 1 btc = 4333 dollars
As everyone here already said to take all the money and buy bitcoins on them it's very risky. But at the same time, if you put a little mind on this idea, you can, for example, invest a tenth of all the funds in bitcoin and enjoy the taste of victory one day. On the other hand, it will not be so insulting to lose a tenth in case of failure.
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