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Topic: is it risky to turn all my money to bitcoins? - page 194. (Read 37348 times)

full member
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Of course it is...
Bticoin and other altcoins are to volatile for you to put all your money in there.
You will not always be sure that you will gain in everything that you do.  So better save for your daily needs first before putting anything to cryptocurrencies..
member
Activity: 112
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Yes it is risky to turn your money to bitcoin as all . And also same to put all your money in the bank nobody knows when will those collapse. In my opinion turn 75% of your total to bitcoin, All things have risk too.
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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.
newbie
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most risk that is?
1. if bitcoin is not applicable, will be at great risk or total loss.
2. if the account dihack other people can spend money we plant
full member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Emphasis on "ALL"...Absolutely! I mean why would you even consider doing that? Never ever place all your eggs in one basket..No matter how enticing it is to invest in bitcoin, it is still not practical to go all in. A portion would be wiser just to get a feeling of it. Then if you have totally gained that grasp on the system then you could increase your stakes.
newbie
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yes, the risk is high. you should never put all the eggs in one basket.
sr. member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Of course it is everything has it's risk and we all know that the price of bitcoin is not stable,
You could lose some of it in bitcoin but if you are looking for a long run then I think it could be safe ,
It all depends on you it is your money so be careful about it.
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With high risk can come high reward .... or a tragic ending Wink
hero member
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Please tell me which investment that's not risky even a little, all of them are risky, and investing in bitcoin is risky too, that's why you should not worry about the risk but aim for the profit instead.
But, one important reminder, the price of bitcoin could fluctuate very hard, even a news could affect the whole market. but, more fluctuative, more profit.
sr. member
Activity: 658
Merit: 251
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

my opinion  you should not  invested all your money in bitcoin, because bitcoin prices are still very fluctuating so the risk of price down can happen, so it's better before you want to invest all your money into bitcoin you should think about the bad risks that will happen price down and you will probably hold BTC for a long time to get profit.
full member
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of course they are risky. for me if investing in bitcoin I always feel a little worried, because I am afraid to lose my money, let alone bitcoin is digital currency, if I keep it dibank although have a little profit but my money feel safe. because the bank has a high responsibility.
It  is risky to turn money to bitcoin to have an investment. I prefer to collect bitcoin through bounty campaign that can be use to invest. Bitcoin is volatile and do not know when to gain more profit so better to start with a capital with similar kind of currency which is decentralized.
sr. member
Activity: 294
Merit: 250
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
where do you live? it is fine if you want to turn all of your money to bitcoin as long as you can use it for purchase your daily need. there are some countries friendly bitcoin, if you are live in that place,  you should do that because the more bitcoin you have the more profit you can get.
sr. member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes, it is risky to turn all your money to bitcoin because what's if you have an emergency ? we know that the bitcoin is need an electricity because it is on living in the online world so if you exchange your money all to bitcoin it may have a risk emergency it means you need as soon as possible. i understand you why you want to turn all your money into bitcoin rather than save it to the bank. because bank its have an little by little stealing your savings. but my point is you don't need to change all your money. because if you do it nothing left on you.
full member
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of course they are risky. for me if investing in bitcoin I always feel a little worried, because I am afraid to lose my money, let alone bitcoin is digital currency, if I keep it dibank although have a little profit but my money feel safe. because the bank has a high responsibility.
sr. member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes it was and will always be but just for your information other people who take the risk just a year ago already taking their good profits , if you are really a risk take carer then it may bring you a good profit in a nice future but always take in mind that invest only what you can afford to lose
hero member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I do love Bitcoins, and I get it, you feel that instead of keeping money in banks, you want to put it all, in Bitcoins so over a time your money makes you money, while the quote no risk no reward is nice, but going all in is risky yet one of the best way to make some money. Risk what if the value devalues, you could make some huge looses, if you need it urgently. Again if the prices shoot up you could have money that your bank's could never have made it for you. I would suggest to invest, but not all. Buy in every dip, and have liquid cash for emergency use.
sr. member
Activity: 490
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I think you are very passionate if you invest all the money you have in bitcoin, because with the condition of the very fluctuating bitcoin price this makes bitcoin very risky. So if you want to invest all your money in bitcoin I think is not the right thing
member
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Please don't do that. The volatility of bitcoins is still way too high to consider it as a cash alternative for all your net-worth. Diversification is always good and it always pays to have cash. If you dont trust your local currency, then hold USD or some other reserve currency like Euro, S Franc or pound. Way too risky.
hero member
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

its risk especially if you buy bitcoin at high price like today because you'll never know when the price is up and down and if the price is down too much than the price you bought then it means you lose some of your money. and if you turn all your money in bitcoin, how you can buy something without money? I think its better you still have your money just in case if you want to buy something in your real life or maybe you can buy bitcoin again when the price is down.

Yeah and its never wise to put all your money in bitcoins as it can be very risky investment to make as no one is sure what will happen to bitcoin in future and if we invest all our money at single place and if something goes wrong with bitcoins in future then it can make us bankrupt so its always good to put only a small portion of your wealth in bitcoins and rest should be diversified into different products to minimize the risk.
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

its risk especially if you buy bitcoin at high price like today because you'll never know when the price is up and down and if the price is down too much than the price you bought then it means you lose some of your money. and if you turn all your money in bitcoin, how you can buy something without money? I think its better you still have your money just in case if you want to buy something in your real life or maybe you can buy bitcoin again when the price is down.
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