Topic: is it risky to turn all my money to bitcoins? - page 24. (Read 37361 times)
It is risky and the risk comes from multiple sources. First of all, Bitcoin is highly volatile and its price can go down by 80% or go up by 1,000% in a single year. Secondly, the legality of Bitcoin is in question and the government can harass the Bitcoin users if something goes wrong. Third, there is always a chance of the private keys getting lost or a hacker stealing your bitcoins.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think it’s not too risky due to change all the money belonging to you become bitcoin likely you will benefit is large enough of all the money you make a bitcoin, but you just need to set up a strategy to profit, an example like you buy bitcoin in the price 10K and you sell at the time the price bitcoin more than the price 10K may be in the price 13K you’ve been able to sell it.
A guy, in South Korea maybe, bought Bitcoin @ $19k by putting his house for mortgage, then panic sold at 12k. So it all depends on how you deal personally with the volatility. Shows true strength of character this 
i do not think its risky, if we make all the money we have in to bitcoin. so you have to take a just simple.
Bitcoin has so far this year beaten many traditional investment asset in terms of ROI it has to offer on invested amount in shorter period. This make Bitcoin to be a lucrative investment. But never ever, even if you blindly trust your investment asset, invest in one asset. Always diversify your investments that too not among cryptocurrencies only but in various other assets as well. This saves the chances of complete loss. Invest about 30% of your salary but in different assets in which the most trusted asset should have the larger part in investment.
Probably it is but also depends how much money you gonna turn into bitcoins 
Bitcoin is pretty unstable currency but to be honest you will not lose everything at once.
Bitcoin is pretty unstable currency but to be honest you will not lose everything at once. 
As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
Yes, you must not convert all the money you got in to bitcoin as long as it is still very volatile. As you know, being volatile means that the value of bitcoin may be high but also be very low in an instant. So, if you convert all of your money in to bitcoin you can never be sure that it will have the same value before the conversion. This also means that you're putting yourself in a very risky situation. What I would recommend is to only convert your money in to bitcoin if you're going to use it for online transactions. If not, you must then keep your money in a stable currency.Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
True. That would be the terrible mistake to put all your money into bitcoin or any other crypto currency. it is the number 1 rule in trading / investing, if you really wanna make money you should not put all your eggs into one basket.
Oh yes it is very very risky. In as much as investment in bitcoin is lucrative and gives profit within a short time, the market is also volatile as anything can happen. A wise man doesn't put all his eggs in one basket. You should spread your money in different places for your own good. Don't invest all in bitcoin
maybe yes because theres a time you need to be Patience to have a bitcoin it has a hgh value so expected that it is lightly hard to have one bitcoin or to turn all money as bitcoin.
Yes, too risky if I would rate 1 to 5 as 5 as the highest rate of riskyness then I would probably rate it as 5 because bitcoin value is not stable so if they would get dropped then probably it is your lose, and also if bitcoin disappear then that is the worst thing you would have on your entire life it is just like burning out all of your money.
Certainly this is risky and not justified! Now is the time when with a small amount you can earn a lot of money, and also plays a big role how much money from the bank you want to transfer to bitcoin. After analyzing the market and consulting with knowledgeable people, you can invest $ 200 in a few coins and get a solid profit in half a year.
very risky because the price of bitcoin is not stable always, for example if we change the money $ 2000 to bitcoin maybe the money is not necessarily the future we will get the capital back. but there also if we change our money to bitcoin can get big profit, that's if we dare to take risks
As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
Yes, you must not convert all the money you got in to bitcoin as long as it is still very volatile. As you know, being volatile means that the value of bitcoin may be high but also be very low in an instant. So, if you convert all of your money in to bitcoin you can never be sure that it will have the same value before the conversion. This also means that you're putting yourself in a very risky situation. What I would recommend is to only convert your money in to bitcoin if you're going to use it for online transactions. If not, you must then keep your money in a stable currency. Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
The value of bitcoin is not stable. And turning all your money in bitcoin is too risky. When you turn all your money then the price suddenly drop. You will lose your money.
I think investing all your money in Bitcoin is very risky because you will never know what will happen to the value of Bitcoin in the next few months and you don't have any assurance that you will be successful in Bitcoin. For me it is better to save some of your money in the bank and invest some of it to Bitcoin so that whatever will happen in Bitcoin (worst case), your future still safe and you will be able to survive again.
I'd say it's very risky both because of thse controversial times for Bitcoin and for its scaling issue.. You could still invest, but try not to go all in right now...
it is very risky for a man to turn all his investment into bitcoin because the feature can not be determined, thou their is a strong believe that nothing will happen to the blockchain technology.. apart from that aspect, consider if your wallet is being hack, what will be your faith as someone who have invested his life saving in it. for me i will advice that you invest only part of your wealth in bitcoin and also invest in other things as well by so doing the risk and danger will reduce.
It is very risky to invest all your money in bitcoin! if you are the adventurous type and you have a backup plan in case of a loss , feel free to contribute!) you can how to get rich quickly and quickly lose! in my opinion the situation on the market now will change for the better!
Of course it is! I would never do this. With bitcoin changing its value every day, Invest only what you can afford to lose.
As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.
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