is it risky to turn all my money to bitcoins? - page 190.

okae

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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 i must agree that money sitting on the bank is for nothing, unless you have a big % interest on it which i doubt... but i will never suggest you to put all your eggs into one basket... on the other hand and IMHO bitcoin has been the best investment on last years and will continue so... don't forget that if you never take the risk you will never win Tongue

SimilarCoin

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Yes it is risky to turn all my money to Bitcoins.

A good idea is to diversify your investment in other crypto currencies.

Bruce Wayne

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I think it's always a good idea to diversify your portfolio.

joinfree

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Maybe it is a little bit risky.. nobody knows what can happen to bitcoin in a few months, not even in years.. So my advice is only to put some money on bitcoin, not all your funds, because if bitcoin drops to zero, then you will loss all your money. I hope that this is never going to happen, but nobody can predict what is going to happen in this market, it is very volatile right now.
So better to keep some funds on cash, and the other part in cryptos.

Jombrangs

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puting your all money on bitcoin i think there's a advantage and dis advantage of that
advantage you have earn money on the bitcoin but its depende if you can trade
disadvantage you can lose your all money on bitcoin ... but if you stack your monney on bitcoin its safe

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Quote from: no0dlepunk on October 05, 2017, 12:59:45 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!

I know that haters are going to hate, but I suggest that you should put all your money in bitcoins now, especially if you still have a day job and wouldn't need to spend your savings too soon. Bitcoin had reached $5000 not too long ago, right now its seems to be preparing for a full throttle so you better place your money in a wise position a.s.a.p. Please feel free to think for yourself. CAVEAT.

Yes my suggestion for you is the same.If you have lot of unused money so,you may inverse in any of the source such as bitcoin.if you believe a bitcoin means,you can inverse in bitcoin.Bitcoin surely return you back as double as you inverse in a bitcoin.Soon the price of bitcoin will reach 5000$ +,So you can inverse now for profit.

no0dlepunk

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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 know that haters are going to hate, but I suggest that you should put all your money in bitcoins now, especially if you still have a day job and wouldn't need to spend your savings too soon. Bitcoin had reached $5000 not too long ago, right now its seems to be preparing for a full throttle so you better place your money in a wise position a.s.a.p. Please feel free to think for yourself. CAVEAT.

coinstalker23

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Yeah its risky to put all your money on bitcoin. You must be a pro on this currency or Trader before you give all of your money on it because it can make your money gone in just a couple of seconds if the market value of bitcoin goes. You must be knowledgeable before you invest everything on an ICO or any cryptorelated.

moinul018

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Do not put all your eggs in one basket.

Sendibere

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Yes it's risky that way your money will fall, but it's also profitable because of its price rises. It's a great start especially if you know how to do if bitcoins have crashed. Because you can earn from falling into the price of bitcoins. Because you can buy cheap bitcoins and wait and sell them at high prices. People are doing great investment in bitcoins and they are called whales

HasHe

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Yes,bitcoin is a risky investment and so turning all money in to bitcoin is also not totally free from risks.But we could still see that the number of people investing in bitcoins is continuously increasing.It means that most of them have clearly analyzed the past history of bitcoin and they have found that bitcoin has almost not disappointed its investors.Every time after a price fall,it gets settled in a new price higher than its previous price.So,it depends upon the confidence over bitcoin's potential to take such steps of investing.

innocent_one

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Of course yes it's risky to invest all your money in Bitcoin.
This is the part which can turn your upside down ( good or there is no success without taking risk , but even that should be done at the right time.
Analyze the price for a week before putting your money in Bitcoin.
I would suggest that you better keep a decent amount of money with you for safety purposes.

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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 huge risk! Man, do not do it.)

Akash1243

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Of course it is risky to turn all your money to bitcoins as bitcoins market is highly unstable or volatile.It can be also prove to be profitable but it would too roslu as no one can accurately predict bitcoins prices.Put all money in one thing can be foolish idea even though bitcoins are great investment but you never know what can happen and then could end up with a loss.You could also invest some money in other crypto currencies.

valentin68

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I would not do this if I were you. Of course it is risky to have all your money in bitcoin, an old saying is not to have all of your belongings together. If I were you I would have 1% of all my money into bitcoins. Bitcoin is good of course to have as an asset, but to place all your money into bitcoins this is no good.
Bitcoin value is growing and thus it is sufficient to have 1% of your money into bitcoins.

Sohailul

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I think risky because if bitcoin value will decrease then you you will fall in a big loss. If bitcoin value increasing daily. So you will get big profit. But it is risky. So you can buy only one or two btc or more. So you will get profit without big risk.

reflector

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Quote from: datodota002 on October 05, 2017, 11:48:09 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!

i think don't spend all of your money to bicoin because bitcoin is very volatile. no one know it will go down or up, i will grown or banned on your country. so just make little investment and do other invesment method

It is not called spending simply about investing all your money into bitcoin form. I hope if volatile also bitcoin price will be reach to peak value again in some months. Hence you do not need to worry about the amount you are converting bitcoin. That will give atleast 30% percent of amount profit to you.

Ucy

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Compare rates on different exchanges & swap.

Putting all eggs in one basket will always be risky my friend.
It's even risky to put all your fund in the safest investment.

Read some books or articles on Investment Diversification. You will be glad you did.

dancingnancy

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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's very risky as bitcoin is highly unpredictable, keeping a part of your money in bank will at least guarantee you have savings and moreover you will get interest from the Bank. If you do convert all your cash to bitcoin it will be difficult to get cash in hand in a short notice too.

The Sceptical Chymist

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Not only would I not put all my money into crypto, I can't even seem to keep any bitcoin for long periods of time, that's how risky I think it is. I basically end up spending or selling everything shortly after I get it--and I've tried to save, believe me. I also could have made a small fortune by keeping bitcoin I bought or earned in 2015. I didn't, and the reason for that is because I'm not comfortable holding an asset as volatile as bitcoin, never mind shitcoins. But that's just the type of investor I am. Props to the people who did keep bitcoin for years.

Maybe one day my risk appetite will change. I do love btc, just not its volatility.

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