is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
As long as you are willing to risk all those money of yours. There is no guarantee as to the earnings or profit that will come back to you. But as they say, the higher the tisk, the higher the income will be. Question is are you ready to risk all your money for bitcoin? Considering the continuous hike of bitcoin price, it could give you an earning. Just wa5ch the movement of bitcoin carefully. In any case just keep some of your money for emergency use. 
Topic: is it risky to turn all my money to bitcoins? - page 192. (Read 37348 times)
there is nothing that does not have a risk, especially things that are associated with bitcoin, because bitcoin and altcoin the other is a very unstable currency, and always fluctuate, you should not all your money is converted into bitcoin, but some, because bitcoin is still potentially big to increase
it's not the volatility of bitcoin that's the big risk here, it's the complete lack of diversification. putting everything into one asset means you accept the risk of a crash; if your asset drops 10% overnight (which has happened before with bitcoin, and there have been larger dips in price), you just lost 10% of your net value overnight. if anything, diversifying your holdings into several cryptocurrencies would be a much better move in my opinion. if one drops, you're going to take a smaller hit, and another currency could have risen to compensate. 
nope its depends on how you will use your bitcoin! if you keep it for too long time will tell you'll be a winner. don't sell your bitcoin when it dips. sell your bitcoin when it goes up.. buy as soon as possible. this is a long term goal.. government will adopt bitcoin. and early adopters will benefit from it..
it depends if you are residing in a country that bitcoin is widely accepted it is good but if you can't buy basic needs in your country using bitcoin it is bad cause nothing will left in your wallet that can be legal tender
there is nothing that does not have a risk, especially things that are associated with bitcoin, because bitcoin and altcoin the other is a very unstable currency, and always fluctuate, you should not all your money is converted into bitcoin, but some, because bitcoin is still potentially big to increase
Yes, so risky to put all your money the bitcoin, because we don’t know when it be might bitcoin krupt and we cannot control to avoid the interconnections of the global economy to human error and the government like china that bitcoin banded.
Of course it's risky so far Bitcoin did a good job it is outstanding but no one can tell what's gonna happen next, when you invest all of your money into BTC and bitcoin goes down then all of your money goes down too. It is much better to have savings and plan your life for real example having a business, also don't just invest in one coins so when one of them goes down you have another investment that can totally regained what you lost. Try other things too like stockmarket and just what i said Business, i know Crypto's are gonna last forever as long as there is internet but what if it suddenly crashed at least you have other savings and investment backing you up.
Its always risky going into a single asset. Diversity is the boon of a healthy portfolio. Would it be risky to go all in on a single traditional stock (even Google for example). All it takes is one tweet, and you could see you value plummet, at least short term.
This is all so much educated gambling. If you diversify, you can hedge against some of this extreme volatility that is both a great and terrible thing. While the markets do seem to decrease in tandem for the most part, having your value spread out does do alot to reduce the pain, if they re truly diverse.
So yes, its risky AF to go all in on one asset. If you must, dont go all in at once; go in in thirds or fourths, to getthe best purchase price over time.
This is all so much educated gambling. If you diversify, you can hedge against some of this extreme volatility that is both a great and terrible thing. While the markets do seem to decrease in tandem for the most part, having your value spread out does do alot to reduce the pain, if they re truly diverse.
So yes, its risky AF to go all in on one asset. If you must, dont go all in at once; go in in thirds or fourths, to getthe best purchase price over time.
It's very risky, I think because Bitcoin still has not been accepted in all places, I think bitcoin is still unstable, even countries that have received bitcoin can block a bitcoin sometime, it's like impossible but the future nobody knows and it could happen. So turn all your money to bitcoin is very risky, if one day bitcoin in block, then what will you do?
I'm agree with you not all your funds can place here in bitcoin it is much better if you have some money in fiat on some bank for you to have in case of emergency because it is not good at all. 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.
Why are you thinking that there is a harm in putting money over bitcoin? I really think that bitcoin is most secure than banks and if you put your money in bitcoin the value is increasing over time but it is also decreasing and has a drop every now and then but even if it did bitcoin will still increase it's value no matter what.
Of course it's risky. You should never put all your eggs in one basket. Bitcoin has been doing good recently, but can plummet by 20% in a span of a day. There should be no reason for you to take such a risk.
It's very risky. Bitcoin is not only volatile, it may lose value due to legal or technical problems. I consider it unlikely and have all reasons to believe that the long-term upward trend continues, but I do not turn all my possessions into it. A part of my savings is in a bank account - low interest, but low risk.
Everything has risks like investing, saving, trading.
I suggest that you better buy bitcoin as necessary, do not turn all your money into bitcoin, leave half your money in case of sudden need. If you change all your money to bitcoin it is very risky.
I suggest that you better buy bitcoin as necessary, do not turn all your money into bitcoin, leave half your money in case of sudden need. If you change all your money to bitcoin it is very risky.
This whole Crypto currency thing, is just one untested experiment and can fold any day. We have role-players involved in it's
success that we do not have any control over. {governments / banks / competitors etc.} Any of these unforeseen events can
cripple this whole experiment and even destroy it. Never have all your eggs in one basket... that is the golden rule of any
investment strategy.
success that we do not have any control over. {governments / banks / competitors etc.} Any of these unforeseen events can
cripple this whole experiment and even destroy it. Never have all your eggs in one basket... that is the golden rule of any
investment strategy.
It's very risky, I think because Bitcoin still has not been accepted in all places, I think bitcoin is still unstable, even countries that have received bitcoin can block a bitcoin sometime, it's like impossible but the future nobody knows and it could happen. So turn all your money to bitcoin is very risky, if one day bitcoin in block, then what will you do?
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes ofcourse it's very risky, especially if bitcoin is not regulated yet in your country. Never put your money in one place, only invest what you can afford to lose. If your money doing nothing in the bank, you can invest half in bitcoin and hold it for at least a year. 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it is very risky to invest all of your money into bitcoin because even if the price history shows a constant increase on its price, no one knows when will bitcoin be removed from existence due to its decentralized nature. Its price is also highly volatile and may increase/decrease your profit anytime depending on the external factors that is impossible to know. Bitcoin may be a high-risk, high-return investment but its security in payment falls short compared to bank investments, stocks, and even gold investments.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.
I agree with all of the above. And I will say that yes, it's risky, invest ALL your money in anything.
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