is it risky to turn all my money to bitcoins? - page 33.

DesmondHayes

member

Activity: 182

Merit: 14

Quote from: Bitcoins Network on October 23, 2017, 10:15:21 AM

There are a lot of times when I have wanted to just buy bitcoins and save them, hoping they will rise, but I never did, and always regret it Cheesy

It is supported to buy the Bitcoin with the FIAT but the problem is that with the current value of the Bitcoin best thing that can give you long-term profit is trading with this coin and again buying it when it enters the big fluctuation state. The people profited the most when the Bitcoin was just released and when they recognized the opportunity they grabbed it. I regretted a little bit because I didn't recognize the true power of decentralized currency and I didn't saw the possible progress of the Bitcoin that came to be true.

It is never too late to buy Bitcoin as it will for sure rise in a value within 5 years but don't expect the big profit only from this one coin if you have invested poorly.

chanji

newbie

Activity: 2

Merit: 0

Ofcource it's risky, the btc market is not that stable for you to invest all of your money in bitcoin, you may lost all of your investments in just a snap without you even knowing. You should not gamble on doing things like that.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: Angna27 on January 21, 2018, 03:58:38 AM

Yes it is risky to turn all your money into bitcoin as investment, you never know what will happen. Bitcoin's market condition is not stable it's like a roller coaster kind sometimes up and sometimes down, better put some of your money, it's not easy to earn money now a days so you need to be wise.

Put a certain percentage or the amount that you can afford to lose, don't be too aggressive as the more the risk will increase.
Never think that it will guarantee profit as nobody sees the future, it could fail and you will end up with nothing, in fact even though you do not go all in, you still have to diversify your investment, in possible not only in one industry.

Angna27

full member

Activity: 406

Merit: 100

CRYPTOBLADES Octoblades 10.10

Yes it is risky to turn all your money into bitcoin as investment, you never know what will happen. Bitcoin's market condition is not stable it's like a roller coaster kind sometimes up and sometimes down, better put some of your money, it's not easy to earn money now a days so you need to be wise.

dongyi17

full member

Activity: 616

Merit: 100

FRX: Ferocious Alpha

Very risky.. not unless you're a risk taker kind of a person and you love challenge...besides you never know what will happen till you try, as if nothing to lose unless you try.. that's basically one of the characteristic of a business man.. you can turn your money to bitcoin as investment and saving, it depends on how long you want it and how much you want to give a try..you should be ready then whatever the outcome of your decision..just hope that something good and great is going to happen.

gerrypot

newbie

Activity: 2

Merit: 0

Yes.It is very risky, and as the saying goes, never put all your eggs in ONE basket. Have yourself at least many options(From a -z) to deal and invest your money. Bitcoin is promising as an investment but market is not that stable. You might not want to wake up one day losing all your hard earned money because the market crashes without you being an aware of it. Try to put little of your money and let it roll and roll as you earn. Or try to pull back your earnings and try to put it in other investments as well. Think and decide carefully what you think is the best for yourself.

kkofor

sr. member

Activity: 365

Merit: 250

certainly. although Bitcoin is the best crypto in the world, but it is too risky when investing all your money. You should not gamble.

meidut

jr. member

Activity: 201

Merit: 1

It's risky no argument in that ..BTC cannot be replaced with all your money cause the BTC market is highly volatile..Bitcoin has not that level of security as much as real money ..People can lose all their money in a couple of seconds in bitcoin. mainly the insecurity is it's fluctuating price if you are an investor you would not prefer to change all of it into some currency

ms.moon

jr. member

Activity: 266

Merit: 1

Even your money is already in your wallet, it's risky because it don't get profit but also devalued cause inflation.
So if you want to invest Bitcoin, just understand about it and know the way to get profit from Bitcoin.

Akosibatman

newbie

Activity: 84

Merit: 0

In my perspective, yes because turn your money into bitcoin can be risky. We are not so sure bitcoin's value in the future so i think we should earn bitcoin not buy bitcoin. But if you are brave enough you can turn all your money bitcoin and when the time bitcoin's value increases, your money as well increases.

edsnow2017

jr. member

Activity: 70

Merit: 4

As you can see all answers are yes and for me it's a yes also because the price of bitcoin was not fixed

lets put this in perspective

let say you have $10000 cash in your hand then you turn this into bitcoin
then you got let say 0.84000 BTC in your bitcoin wallets then what are the possible risk?

1st is that 0.84BTC is not same value as $10000 because the price of the BTC fluctuates time to time.
2nd the wallet you are using might become hot in the eye of hackers see hackers re everywhere they can steal money whenever they want so it is suggested to secure your wallet if you have such money.
3rd you might lose money Bitcoin is a virtual currency if you are not careful in joining in investment platforms online that accepts bitcoins.Then the possibility is you lose money.

for me that's some of the risk in turning all your money in bitcoins.

Maureenjoy

jr. member

Activity: 50

Merit: 10

On my opinion, yes it is risky to turn all your money into bitcoin. Because the market is not that stable, there are times it goes higher and other times it goes down. So all your money that you turn into bitcoin will be affected if the price of bitcoin goes down. You should only have a few amount of money invested just to avoid loss on your profit.

johnlhy251

newbie

Activity: 98

Merit: 0

yeah! if you want to invest in btc you must know how to trade.

cryptorampage

jr. member

Activity: 56

Merit: 30

Certainly yes it is too much risky to turn all your money into Bitcoin , Bitcoin price is not stable right now. But you should not invest all at once. If you want, you could do hedging your fund. It will be better option. Try remember one witty quote from Warren buffet "don't put all your eggs in one basket".

Kasliono

member

Activity: 266

Merit: 10

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!

Absolutely yes my bro, You have to think twice before you do that, As we know that the prices of btc has a fluctuative prices, So it can make you poor in a day when you put all of your Money. Beside that, it can make you rich in a day too. So it depends on you, high risk high return. Cheesy

BadGuy1945

newbie

Activity: 34

Merit: 0

Yes it is risky to invest all your money in bitcoin.Bitcoin act like a coin if profit is one side then the other side lose.It's all up to our luck and demand of bitcoin in crypto market. If it's getting low and we got loss on our investment,then we need some money to survive this crisis .So investing all your savings in bitcoin is a stupid idea.

Prk_7

newbie

Activity: 182

Merit: 0

To turn all of your money to Bitcoin is definitely a risk because there no definite time period in which you know that you'll be booking profits from the cryptocurrency. The growth of Bitcoin is not stable enough to entirely rely upon it. Rather invest a good amount now, when the market is down and wait for sometime. Even have a backup plan as to what will you do if this doesn't go your way.

brightamo

newbie

Activity: 65

Merit: 0

Yes is the most risky venture anyone will advice you to do. What if we wake up and bitcoins and blockchain is no more. All even government polices banned bitcoin outright without informing us. It is too risky to do that.

Indai24

member

Activity: 448

Merit: 10

Quote from: Singbatak on January 21, 2018, 12:40:40 AM

It's a bit risky, because you can not tell how long it will take bitcoins or cryptocurrency, put your money in a place you can hide, but for me the best is at the bank. So now it's still your decision, it's a scary thing to make money especially if it's a big deal. Hopefully you can decide the right. Because Money is now hard to earn, especially in the modern world, that everything can buy.

It's up to your will because in every investment there is always risk so you're the ones responsible however based on bitcoin's current status we can say that it may increse its value. And soon it will rise.

Singbatak

full member

Activity: 434

Merit: 100

It's a bit risky, because you can not tell how long it will take bitcoins or cryptocurrency, put your money in a place you can hide, but for me the best is at the bank. So now it's still your decision, it's a scary thing to make money especially if it's a big deal. Hopefully you can decide the right. Because Money is now hard to earn, especially in the modern world, that everything can buy.

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