is it risky to turn all my money to bitcoins? - page 193.

Ivan16

member

Activity: 98

Merit: 10

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.

Yes i agree with you,better option is put money in bitcoin and wait in next year his value will be over 5000k for sure,and you see what is better for you to invest your money or to stay in bank.

johny.valencia2

jr. member

Activity: 58

Merit: 10

yes it is very risky to turn all money in bitcoin,because it is decentralized,and may be someone is used it in laundering process.

layoutph

sr. member

Activity: 1372

Merit: 255

Yes its too risky, specially now while the market is in bearish situation. One more thing, bitcoin is in trouble. On November 2017 there will be a hardfork. This might cause another huge Bitcoin dump. If you can just predict what is the dip, then you can start buying bitcoin a portion of your investments from your local bank.

putih

newbie

Activity: 5

Merit: 0

Yes, because of the volatility. Be careful and only invest what you could miss in normal life.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

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!

It not risky mate but sometimes ones need to becareful not to be greedy. What I will advice you to do is to turn 50% of the money you had into bitcoin while to keep the rest and you can keep on doing that on a weekly basis because bitcoin will bullish pretty soon.

ubeng07

full member

Activity: 364

Merit: 100

Quote from: lite on October 05, 2017, 08:11:53 AM

Quote from: dificanovi on October 05, 2017, 07:40:03 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 do not think it's risky if we make all the money we have into bitcoin. we will get a lot of profit from bitcoin because we buy bitcoin when the price goes down then sell it when bitcoin price goes up.

It is risky! bitcoin price is volatile, it's recommended to have at least some fiat in case you need it urgently for something. that's why i'm 60% in bitcoin, 20% in altcoins and 20% in fiat.

yes don't put all you have in just one make some dividing method on it for it to have a good income too it is much ok you have fiat on some cases that you don't have any access for you to get some money immediately. that was my opinion only don't put all you have in just one .

green547

full member

Activity: 385

Merit: 101

bitcoin has a huge upside but can also crash hard and be overtaken by other cryptocurrencies, its not worth the risk in mu opinion.

Ultegra134

hero member

Activity: 1750

Merit: 904

No, that's extremely risky and do not listen to anyone who might try to convince you it's not. This is applicable to any kind of investment you make. By observing the last few months, or even better, yearly price charts, you will notice that Bitcoin's price in some cases, took months to recover after a crash. If you ever run out of money due to an emergency situation and the price is lower than you purchased, you will lose money, simple as that.

You could simply use a fraction of your money to buy some Bitcoin and hold for as much as you want.

Chyton

sr. member

Activity: 322

Merit: 253

Anything has risk attached in it!
Of course it is risky to turn all of your money into Bitcoins, Bitcoins is at a child stage which means we can expect some more price jumps, price drops. Bitcoin is volatile. Treat Bitcoin investment as a speculation, by investment I mean long term investment not just a short or medium term investment.

It is better for you to split your money, some to stocks, some to real estate, some to Bitcoins to minimize the risk.
Only invest what you can afford to lose.

paolo099

full member

Activity: 224

Merit: 101

think it in the opposite way: what would happen if i lose all the money i've invested in bitcoin?
Doesn't worth the risk, many people lost all their money with a move like that and some of them suicided too.. don't want to sound too harsh but definitely i would advice you to invest SOME of these money in BTC as investment, keep the rest as a safety net

waynechong1995

full member

Activity: 644

Merit: 117

swing!

YEAAA its hard to say it could crash and could lose up to 50% if you timing is bad, leverage your risks carefully, for me 50% of my money goes to crypto and i see up and downs

xanxus.kun

full member

Activity: 495

Merit: 100

You have to get what you want your own way.

I suggest at least control what you will invest, Never invest something you can't afford to lose. although Bitcoin has a potential, it is still volatile and erratic by nature, it won't hurt to be a little careful.

spngebob

sr. member

Activity: 770

Merit: 254

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!

Sounds like investment plan to me.
Yes, it is very risky to invest all your money in anything, there is no difference with bitcoins.
But also i think it is worth of risk because if you look at the bitcoin price movement it can be very good investment.

Md Saad

sr. member

Activity: 584

Merit: 256

No, i don't think so, but it's true that when you want to make profit then you must take a risk. without risk you can't make anything. so you have to take a risk. but in the system of Bitcoin you can be assured that there is not too much risk. because, day by day Bitcoin is becoming a popular and credible platform.

BureauChef

full member

Activity: 139

Merit: 100

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.

Never do this. It's more than being risky actually. You can lose significant amount of capital if you can't buy bitcoin from the right point, price. And you can get huge profit as well, but I wouldn't take that risk. Make 10% budget and buy bitcoin with it.

Heyyyrenz

sr. member

Activity: 308

Merit: 267

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!

There's a 50-50 chance in turning all your money to bitcoin or to invest it into bitcoin. Why? there are many reasons why there's a 50-50 chance. Here are the 2 reason:

• The market is wild place, there's no way you can predict if bitcoin will goes up or goes down.
• If you store it to a online wallet and the wallets systems gets hacked there's a possibility that your bitcoin may lose.

The best thing to do when you turn your money into bitcoin is to store it to paper wallet and open it after 6 months to 1 year.

lite

legendary

Activity: 1400

Merit: 1009

Quote from: dificanovi on October 05, 2017, 07:40:03 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 do not think it's risky if we make all the money we have into bitcoin. we will get a lot of profit from bitcoin because we buy bitcoin when the price goes down then sell it when bitcoin price goes up.

It is risky! bitcoin price is volatile, it's recommended to have at least some fiat in case you need it urgently for something. that's why i'm 60% in bitcoin, 20% in altcoins and 20% in fiat.

patt0

legendary

Activity: 1694

Merit: 1005

Betting Championship betking.io/sports-leaderboard

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!

Of course it's risky. Bitcoin has good potencial, but no one knows how well it will go. A lot of regulation is still going to happen, and some countries might even consider it illegal, forcing you to use it underground if you really want to do it. I still say invest in it, but only invest what you can lose, if anything goes wrong in the process.

smile1218

full member

Activity: 406

Merit: 100

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 very risky to put all your money in bitcoins. You should atleast subdivide your investments to different so that in the case one investment decreased you still have back up to catch up the losses.

2fresh

hero member

Activity: 782

Merit: 500

Quote from: dificanovi on October 05, 2017, 07:40:03 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 do not think it's risky if we make all the money we have into bitcoin. we will get a lot of profit from bitcoin because we buy bitcoin when the price goes down then sell it when bitcoin price goes up.

Lot's of people have lost lot's of money in whether it's in bitcoin or any other crypto. Yes it's risky (regulations, rumors, news and fud create big swings).

Topic: is it risky to turn all my money to bitcoins? - page 193. (Read 37348 times)