is it risky to turn all my money to bitcoins? - page 39.

roxbit

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Quote from: ?? on ??

Of course it's risky but no risk no win Grin

It is certainly risky, if you put all your money to bitcoin. Its like putting all your egg in one basket. For me it not wise because you are making a big investment in one place. We dont know the future of bitcoin what if your profit will not realize and your investment will go to waste? You should not be too impulsive in making decisions like that.

Eclipse26

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bullsvsbears.io

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!

Of course yes. Always remeber that bitcoin was functioning online. You cant get it back when something happen wrong to your wallet. Maybe youll just regret it. If I were you I might put only some of my money to get a profit when it value increase. Do not turn all your money into bitcoin because fiat still the currency that you are going to use in buying things.

cryptojoe

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It is not risky if you buy your money to invest in bitcoin because the bitcoin investment is very profitable.

2taps

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Very risky i would not recommend that. Because a friend of mine put a lot of money into a coin and he really needed that money but eventually he lost a lot of money from it and panic selled at the worst point you can imagine. Now he is still trying with other small coins but now he puts not that much money in it.

cryptojoe

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Turing your all money into bitcoin is really a risky task for an investor.

bigvito19

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no risk, no rewards

marcuslong

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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!

Well, As you observed your question, Do you think that many of us are pushing you to do that, You will do that literally? Ofcourse no, Isnt it? Many people are trying to push in investing with banks because they all know that they will gain a lot of money from here, But i will say NO! Well, in my opinion, This thing is so risky and i will suggest you to stop that kind of activity. Bitcoin is so volatile and you must able to wait for a long time until the price or rate will going to increase but, No one will define what's Bitcoin's future.

retnoanjani

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Quote from: pushups44 on January 17, 2018, 04:36:46 PM

Yes, it is risky to put all of your eggs into one basket, especially into cryptocurrencies. Cryptocurrencies are very volatile and subject to low barriers to entry. It's highly likely that only a small fraction of the existing cryptocurrencies will survive in the long run.

It is true. There is a lot of speculation that can make the price of cryptocurrency easily falter and fall. The absence of an authorized administrator who regulates cryptocurrency is also a consideration, you do not complain about any such loss in the bank. Investing with cryptocurrency makes you like a CEO with full responsibility for all risks. So it's important not to spend the money you have here, do not put all the eggs in the same basket.

cryptojoe

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It's very risky imo. You have to figure out the logistics let alone cashing it out.

pushups44

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Yes, it is risky to put all of your eggs into one basket, especially into cryptocurrencies. Cryptocurrencies are very volatile and subject to low barriers to entry. It's highly likely that only a small fraction of the existing cryptocurrencies will survive in the long run.

ViktorTroshka

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The first rule of investing in the crypto currency is not to invest more than you are ready to lose. Mentally break with money, this is a high-risk asset. If there was stability here, then all countries and banks would transfer their funds to the crypt. But it's also worth remembering that high risks are high incomes;)

Bustart

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Quote from: Clark05 on January 17, 2018, 04:25:06 PM

Better if you invest only your extra money because if you invest all your money and once the bitcoin price decrease or die your money will be gone. For sure those people have a lot of bitcoin who are invested in bitcoin they are millionaire and for sure even the bitcoin die they have extra money in the future. Lets talk about the reality if you don't have money it's hard to live because you cant buy your needs and wants. Money gives you happy that's reality from now so better if you invest only the extra moneyand other will keep to bank even they did not get interest we have no choice is to save it to the bank.

Well i think it is really risky specially to those who dont have a big patience of waiting for the right price to invest or maybe to sell i think we must invest only the amount that we can afford to loose because bitcoin is really risky yet profitable kinds of investment that is why we need to have more experience on this feild to avoid loosing.

Clark05

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Better if you invest only your extra money because if you invest all your money and once the bitcoin price decrease or die your money will be gone. For sure those people have a lot of bitcoin who are invested in bitcoin they are millionaire and for sure even the bitcoin die they have extra money in the future. Lets talk about the reality if you don't have money it's hard to live because you cant buy your needs and wants. Money gives you happy that's reality from now so better if you invest only the extra moneyand other will keep to bank even they did not get interest we have no choice is to save it to the bank.

Tungsten-1

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Quote from: mr_enoc on January 12, 2018, 09:33:49 PM

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!

Do not do that specially when you are not a professional trader. As a starter you may start with a smaller capital and try and learn the usual techniques after that put another part of your money.

It is advisable if you have good experience and you know it that you are having capacity to make amount of money from bitcoin. Money is hard to lose and easy to have but if you got a lot of skills. Not all people are able to earn money from bitcoin. Risk is part of life and risk is able to increase money indeed people are getting experience with fall and rise so have patience and invest in bitcoin, you will have to invest on time of small price and wait to sell at high price.

cryptojoe

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If you made the right decision and invest to bitcoin you will get your money back in no time.

fmasta

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Of course, you do not want to become bankrupt? Yes, the possible profits make the head dizzy and you want to invest everything that you have, but you always need to remember about unforeseen circumstances.

ranz_18

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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!

Yes it is very risky and not advisable to turn all your money into bitcoin, As we all know bitcoin is volatile. High risk but high profit if you invest in bitcoin. Just invest what you can afford to lose.

cryptojohn9

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Every business has a risk, if you take the risk you will gain. In my opinion it's risky to turn all money into Bitcoin because it’s so volatile. You can invest your money in various different coins I think it will be safe.

ankit05

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It is very risky to use all of your money to invest in bitcoin because the price bitcoin go to down after spend all your money on investing in bitcoin. when you not gain profit.

Sumo

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It can be very tempting - the more money you invest, the more profit you will get. But there are many unforeseen circumstances that threaten you with the loss of all your means. The collapse of the market, fraud, hacking a purse. This is unlikely, but possible, so think carefully before investing a lot of money.

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