Topic: is it risky to turn all my money to bitcoins? - page 28. (Read 37346 times)
It is too risky to turn all your money to bitcoin, there has no assurance that you can get a big payday if you turn all your money to bitcoin. we all know that the price of bitcoin is constant so lets just invest small money, and these days many people became hackers they might hack your account wallet and steal your money, so be careful.
Yes, the price of bitcoin is unstable. The price of bitcoin has changed a lot in the past month.
In January, the price of bitcoin went down a lot. If you bought bitcoin then, you might lose a lot.
But buying bitcoin as an investment is risky.
In January, the price of bitcoin went down a lot. If you bought bitcoin then, you might lose a lot.
But buying bitcoin as an investment is risky.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
will be very risky, because the price of bitcoin is very volatile, which when the time may change, you may be very at a disadvantage until you cry, or you may be very profitable, maybe use some of it for bitcoin to anticipate big losses
I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value..
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
You do so is very dangerous. I think you should not use all the money to buy bitcoin. The money you put in the bank will be profitable. If you buy bitcoin, in the future if the bitcoin price increases you will be profitable, but if the bitcoin price drops. Your Money will lost a lot. I think you should think carefully and make a decision. Wish you have a wise decision.
i think it is good to buy bitcoin with all money do you have because now the price is low and im very sure next month the price will go up and we can get much profit. if you said risky or not i think every decision has consequences. so we must brave to accept the consequences. but for bitcoin because bitcoin is goog investement and now bitcoin has populer and many people support bitcoin so i think bitcoin will survive for many years.so it is good to buy bitcoin with all of money do you have
That is a huge risk. Before you do that, you must think of it if you can live without fiat money and invest it in bitcoin. Yes, there is a positive side that your money is secured because you invested it but what if it is a scam? You must think of the what if question here.
seriously if you're into interest then just go with investment e.g. bitcoin although invest an amount you can afford to lose. also theres no sure in speculations and predictions and the rest I buy for investment allcoin and ico. I had a lot of speculation, but it was worth the money I earned.
It is very old and intelligent saying "Don't put all the eggs in one basket". To avoid entire and huge loss no one is advised to invest his entire savings in one single asset / instrument. While investing certain amount may be invested in fixed income instrument; some part of the investment must be kept in liquid assets. Some part may be invested in land and buildings. The diversified portfolio saves the man from the wipe out of entire funds. For example in case one invests his entire savings in share market and in case the market weakens i.e. bearish trend starts; the person may loss major portion of his wealth because he just chose to invest his entire funds in share markets. Had he been prudently used his funds investing certain percentage in other assets he may not be facing such huge losses in case of market falls. In the same way no one is advised to invest his entire funds in bitcoin. Keep some money in your bank account ; invest in real estate too. In such way prudent investment will save you from huge losses and will earn better for you.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
There is risk in everything, whether your money is into Bitcoin or whether they are saved in the banks. However, by turning all your money into Bitcoin you are simply making the risks bigger. I think that is not advisable. You can always invest the majority of your savings in Bitcoin but it is a bit wiser if you also leave some in you banks. That is in case something bad will happen to Bitcoin. At least at this point in time.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, the sun does rise in the east.
It's also risky to leave it in banks, invest in stocks, etc. Assessing the level of risk is a better line of inquiry.
On a day to day basis, dancing on dynamite is more risky, but not a whole lot. Over time, BTC has been one of the best possible investments. I personally would not risk it all on one thing like that. Multiple income streams is where it's at. If it's money you're not using, I'd suggest doing your calculations with a baseline of 20%, rather than the whole wad. I pulled that number outta my ass, but it works pretty well from a risk perspective.
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.If anyone do it might be he has lost his scene. Bitcoin is a virtual currency.No one can surely said what will happen with bitcoin in future.so never try to invest all of your money into bitcoin.
Simply yes, of course, it is risky. All in life have a risk.
Yup! Its risky but not so. It will depends on how you know bitcoin itself. Bitcoin incourage people to have an investment with him because of value its increase sometimes decrease and bitcoin now are getting popularity in all country so bitcoin now are not so risky unlike its first came out to the market that think other people its scam so it will depends on the situations.
I was discussed with one of my friend about bank deposit, suddenly he informed me that he has a account in a bank and not able to to withdraw his lack of liquidity. After that he shoked me to say that the bank is insolvent. Moral of speech risk is always with business factor , Investing on Bitcoin is a great opportunity for high profit.
Holding Bitcoin equally holding the risk in your hand .But every risks can make you a good profits with it, that why people are investing in Bitcoin with any price. Some win some lose but looks like the crowd will be bigger in the future.
I certainly will not put all my money to Bitcoin. This is a big risk and the last price reduction Bitcoin confirms this. You can lose a lot of money.
Investing in BTC will make you rich and end financial struggled i your life,just key into it will the little you have and smile later
Yes of course because we cannot determine if bitcoin will be goes up or goes down. Like of what i am experience, I put my money to bitcoin and as of now i loose 30k in peso bill just because of the unstable situation of its value.
if you believe in bitcoin, then make all your money into bitcoin. because in bitcoin you can develop it like investing and trading. despite having many risks, you have to be smart to do this all.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its highly risky. There is no set laws in any country related to it. Moreover its heck of volatile. So investing all your money in bitcoin is going to give you a lot of heart shocks each day. But yes invest 30-40% of your money for long term.yes I agree with you invest your money partly to bitcoin, do not all because bitcoin also not all countries legalize this crypto currency, but with you investing into bitcoin we will get unexpected income, because bitcoin is the digital currency of the future and can used throughout the global community
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