Topic: is it risky to turn all my money to bitcoins? - page 38. (Read 37361 times)
It's a risky choice. Money in the bank is still your property. One day you need to invest in something, not just bitcoin. If you invest all in bitcoin then that is a very dangerous thing. The current price of e-currency is losing weight. If not wise in making investment decisions, you can lose all within 24 hours. Think carefully before making a decision.
Yes its risky to turn all your money in bitcoin maybe a 50% of yours and the other is save it in a bank.Just invest what you can afford to loose at this time we are not sure in price value its continues to dump but we are hoping that it will be recovered soon.Although we all know that its always flactuating and we all know that sooner or later it will increase again.
Yes it is very risky. As the saying goes invest what you can afford to lose. What happened if the market gets lower value in an instant you don't have extra money how will you recover with that? Although you can wait to normalize the market again. You can earn lots and fast in crypto currencies but you can lose fast as well. But with work hard and knowledge plus full effort you can overcome almost everything and you can be successful. Do not be like others that is jumping into something that is not doing some research at least all that's in their mind is to earn money. If you have studied this technology you will have a good future and the money will just come as a bonus.
Please do not turn all your money into Bitcoin. If you are trying to get rich quick you can lose all your money quick. I personally think this is what you should do if you don't have much money to invest in Bitcoin.
Use what you can afford to lose and invest it into other cryptocurrencies that are much cheaper and have potential to grow as biggest Bitcoin. Many people underestimate other currencies. They see BTC as a god of this field because that's the only currency they hear online and in TV but if you have a closer look at other cryptocurrencies some are much better than bitcoin and definitely have promising future.
Use what you can afford to lose and invest it into other cryptocurrencies that are much cheaper and have potential to grow as biggest Bitcoin. Many people underestimate other currencies. They see BTC as a god of this field because that's the only currency they hear online and in TV but if you have a closer look at other cryptocurrencies some are much better than bitcoin and definitely have promising future.
Yes, it is especially if you don't know it well. As many investors say "only invest money you can afford to lose". You can also try altcoins like ETH. Do some research to help you decide easier.
Yes it is very much risky because bitcoin is decentralized currency and we can't predict the country govt. Mood about bitcoins, and one thing more bitcoin is not stable currency. So Stay away from turn all money to btc.
I actually invest everything in Bitcoin, but now I'm thinking about buying some Eth and Ripple to diversify my portfolio.
I think your decision is very risky. It's unwise to invest all your money in bitcoin. Bitcoin is not stable and you need to diversify your investment.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yeah that's too risky we all know that bitcoin is volatility and it has no permanent price so it means anytime the price can be rise and it is also can be down, we didn't know what really happen for the future, maybe you invest some of your money but don't put all your money .
Incredibly risky. Countries adopting their own cryptos or an increase in nationalism globally could drive the price of Bitcoin down. It's great if you make enough that the dips and crashes won't affect your life, but there's no guarantee your portfolio won't dip 70%-90% for several months here and there.
Use all your money to buy bitcoin is like using all your money to buy one stock, of course it is risky.
Its very risky my dear. You still need a store of value somewhere else. Don't put your eggs in one basket
I think any investment is risky. You never know what tomorrow may bring. Even if bitcoin is supreme when it comes to digital currencies but still there will be some unexpected things to happen. You can invest but do not invest everything reserve for some possibilities.
It's not just risky it's unwise bitcoin can go low as the value you invested on it I'm not saying bitcoin will go up again but its better to still have money for emergency
At first it is risky because your money is now a bitcoin but don’t think negative too kuch because it can give you a profit or it can double or triple your money but it’s takes a time and for me gambling is very risky
too risky but it's a gamble 
Yes, it's risky. Bitcoin prices fluctuate, you'll be put in a very difficult position if this turns out negatively.
Certainly this is a huge risk! Especially if you do not know the rules of the game and go into the crypto currency only from the banal greed and the opportunity to break a big jackpot and quickly. This kind of activity is akin to a casino, and if you are not ready to say goodbye to the money you brought here, it's better not to start, and even more so if it's all your savings from a bank account))))
Yes, very risky. When thinking about how economics and politics will affect Bitcoin’s price, it’s important to think on a global scale and not just about what’s happening in a single country.
Turn "All your money" in something - it`s always risky. Hope for the good, but risk that amount you are not afraid to lose, if your investment will get a bad scenario.
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