Topic: is it risky to turn all my money to bitcoins? - page 20. (Read 37361 times)
According to me it's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses. If you lose in one you can cover the losses from other coins or businesses.
Inevitably the question arises whether one should get involved in this new phenomena. I don't recommend putting large sums of money into it as the bubble will inevitably burst in a matter of weeks but nobody knows when exactly. But I do think it's a good idea to get familiar with the system and perhaps buy just a small amount for the experience or to support the growth of the Bitcoin eco-system.
Currently Bitcoin prices are going up like crazy. It's likely that the price will stabilize at around US$10 from the current US$200. Currently the price is going up so fast a webshop would have to adjust their prices almost daily if they wanted to accept Bitcoins. It's not very convenient.
It is very risky to put all your eggs in one basket what if the basket got broken that is means all your investment is gone. I will advice that you convert part of your money into bitcoin while you leave part a physical cash
The risk to an investment is the sole responsibility of the person making the investment. Then, if you dare with all these risks all possibilities can be obtained by you and the possibility could be beneficial and detrimental. Many suggest that it is wise to invest in cryptocurrency because price movements that we can not always predict at all times make the risk very high. It all depends on you.
of course it's a risky thing to turn all of your money to bitcoins. But there's an if, if you 100% risk taker and a bitcoin believer you will do this because you believe that there will be a big pump that is about to happen very soon. I don't recommend this thing to do, I don't care if my money sits in the bank and earn no interest or being used for their loan services as long as it's secured there that will be fine and so care full to more the process and invest the money. I need to invest you will know the bitcoin and business process and how to handle it ya important for the future growth. If invest 50% you will put you save 50% money for the your saving. It looses it will help you so care to handle the full process.
Every investment has a risk even something such as a btc or cryptocurrency. So do not invest all your money to bitcoin.invest amount that you can bear a loss.there are famous proverb don't put all eggs at one bucket remember that
Wow it is so dangerous to buy bitcoins from all your money.
very risky your money is all invested in bitcoin, what about your needs for every day.
But it's wise to change your money to buy bitcoin by using some of your money.
Because bitcoin is unstable and can change at any time, if you want to invest in bitcoin try a little or 20-30% of your money for the long term.
But it's wise to change your money to buy bitcoin by using some of your money.
Because bitcoin is unstable and can change at any time, if you want to invest in bitcoin try a little or 20-30% of your money for the long term.
I think yes it is risky to turn all money to bitcoin. bitcoins price not stable it changes time to time. do invest in bitcoin but not all your money, invest your spare money.
I wouldnt advise turning all your money to bitcoins.Why? Due to the price instability of Bitcoin which cannot be totally avoided also it's advisable to have some liquid cash kept seperately because it will definitely be needed at some times,hence having these wouldn't leave you stranded of cash.
Bitcoin price changes from time to time. So yes, it is risky to invest all your money even on traditional businesses.
Invest what you can afford to lose. Basically we cannot afford to loss all our money so don't put your eggs in one basket. Make other investments aside from bitcoin.
Multiple streams of earnings creates multiple source of money!
Invest what you can afford to lose. Basically we cannot afford to loss all our money so don't put your eggs in one basket. Make other investments aside from bitcoin.
Multiple streams of earnings creates multiple source of money!
It is always risky to invest in bitcoin but people doing this because they believe that someday price will turn into spacerocket and will hit the moon in few hours. Do what is right in your opinion man.
Any investment in high risk commodity is risky! You need to be patient and diversify in other currencies!
If you want , you could turn your all money to bitcoin, but I think you should not put all eggs in one basket. things you need to know before investing " No Central Command, Secure Your Wallet, Bitcoin Price, Bitcoin Exchanges, Bitcoin Isn't Completely Anonymous, Unconfirmed Transactions" 
It's not risky. the key is not to panic when bitcoin decreases. Consider it a long term investment and wait for the positive results
I think no risk if you turn your all money to Bitcoin rather you get profit from Bitcoin for investment.
That will be greedy habit which is not good for any investor and it also not good to put all eggs in one basket. However, those investor who invest lavish into crypto curreny due to it plunge will end up loosing their investment because crypto investment have ways. It's not a good move to invest all your money just in bitcoin maybe the best thing to do right now if you want to invest all your money is to buy other coins as well, in this way you have other chance if one of the coins fail. Or you can save some of it in the bank so that whatever happens you will still have a some extra cash because bitcoin is too risky to invest now for some reasons the price continues to drop and there's no better sign of rising up again, but if you have guts go and invest all your money and if the price of bitcoin increases again you will surely earn lot of money.
Yeah it is insane to that move even insane people would think twice lol
Just like what I always say it is better to invest only the money you can afford to lose rather than investing all your hard earned money on bitcoin. Sometime too much expectations turns to great disappointments, Everyone who invest are expecting for a profit, a bigger profit and a much bigger profit and so on. A lot of humans are greedy and that's one thing that make us fall and fail. I think no risk if you turn your all money to Bitcoin rather you get profit from Bitcoin for investment.
That will be greedy habit which is not good for any investor and it also not good to put all eggs in one basket. However, those investor who invest lavish into crypto curreny due to it plunge will end up loosing their investment because crypto investment have ways. It's not a good move to invest all your money just in bitcoin maybe the best thing to do right now if you want to invest all your money is to buy other coins as well, in this way you have other chance if one of the coins fail. Or you can save some of it in the bank so that whatever happens you will still have a some extra cash because bitcoin is too risky to invest now for some reasons the price continues to drop and there's no better sign of rising up again, but if you have guts go and invest all your money and if the price of bitcoin increases again you will surely earn lot of money.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Definitely it is too risky but the decision is still yours. Actually you can expect a big profit but on the other hand you can also expect a big loss. It is better to put half of it into another wallet while the other half on Bitcoins so that you can have backup if unexpected things happen. It is good to have plan A and plan B.
Yes it is risky to use all your money in bitcoin. Before investing in bitcoin, you should know how bitcoin works. You should invest some of your money and wait for it to grow.
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