Topic: is it risky to turn all my money to bitcoins? - page 4. (Read 37359 times)
Had you bought in on Feb 6th no it would not have been a problem..
It's is unsafe for individuals to turn the greater part of their cash to bitcoin since the estimation of bitcoins change consistently. Despite the fact that individuals can make profit by it, they can likewise lose great measure of cash. Along these lines it's very hazardous for individuals to turn the majority of their cash to bitcoins.
First you have to keep some of your money in fiat in case of a hard blow. Then, with the money you do not need you can invest.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.
Absolutely agree. What will you do if you lose everything? Invest as much as you can lose. And always leave a "financial paraschyut" and alternative sources of income.
First you have to keep some of your money in fiat in case of a hard blow. Then, with the money you do not need you can invest.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Diversification of savings is a common principle of finance keeping and operation. Don’t be mistaken by temporary success of Bitcoin. It is necessary to put the money in different currencies, in altcoins also.
Its still better not to invest all your money in bitcoin even if the high return really attracts you because it volatile, rather invest only a portion of it. Whos know's, maybe bitcoin will be more than your savings in the future.
Yes it is risky to turn your money to bitcoin same risk when you turn your money to bank. When you turn your money to bitcoin you have no assurance that you will gain income immediately but it will give you high income compare bank interest, but it is up to you what risk you will take.
For me its Definitely yes, Very risky to put all your money at bitcoin, this is not a Good idea because bitcoin price is unpredictable, Any time the price can be goes up or down, there is no guarantee if it will be earning or losing money, better to put only the money you’re Ready to lose. But this is only a advice if you think you can handle the risk then go and put all your money.
I know no one wants to believe that this is a risky method but still i think it’s very risky. It’s much better to divide the risk, also there are many amazing projects/coins other than bitcoin so do your own research and try some altcoins too. Well it’s just my opinion, i don’t like to take too much risk.
Yes, it is very risky, for me max 20-30% is enough.
I would not invest more than 10%. But it is a bit complicated for me, as most of my Bitcoin holdings come from signature campaigns, advertising revenues and bounty rewards. Right now, I am going by 50-50 rule, i.e I am selling 50% of all my BTC for fiat and keeping the remaining 50% for long-term.
Yes, it is very risky, for me max 20-30% is enough.
I would not invest more than 10%. But it is a bit complicated for me, as most of my Bitcoin holdings come from signature campaigns, advertising revenues and bounty rewards. Right now, I am going by 50-50 rule, i.e I am selling 50% of all my BTC for fiat and keeping the remaining 50% for long-term.
Yes,i think, it is risky to turn all my money to bitcoins.Because it has no own banking system.So investing in bitcoin makes me feel afraid .I believe that any investment is risky ,but bitcoin's risk is relatively high.
Yes, it is very risky, for me max 20-30% is enough.
All investments have their own risks, so it's always been a wise investment, I'm not saying that Bitcoin is not good investing money but because investors say invest what you can lose, so if you can lose all your money Then go, the stakes are high but if you're lucky then the return will be very large 
It is majorly risky to go all in on anything.
Especially if it is so voliatile such as bitcoin has been over the span of a little over two months.
Someone told me they purchased $500 worth of bitcoin mid december but now they check it's value and it is less than $50.
You know of any currency that does that?
I don't know of any thing that does that.
Especially if it is so voliatile such as bitcoin has been over the span of a little over two months.
Someone told me they purchased $500 worth of bitcoin mid december but now they check it's value and it is less than $50.
You know of any currency that does that?
I don't know of any thing that does that.
I will not turn my money into bitcoin, because it's the bitcoin I've turned into money. but I'll be looking for bitcoin for my bitcoin investment to get me more income from bitcoin.
The blockchain tech is the only thing that is certain so people should think that their money is gone if they go all in investing in bitcoin because we can woke up one day that it has no worth.
It's not risky at all cause it's depend on the time when you exchange all your money into Bitcoin. For example there are some guys exchanged money into Bitcoin when the price of Bitcoin was about 4k2$ and right after that Bitcoin price dumped to 2k9$ in only 1 day so there are a lot of people afraid of this dump and they had sold all of their Bitcoin to cut the loss. I think you should be carefull if you want to exchange your money into Bitcoin, try to find out the good time to do it Cheesy
Maybe it is a little bit risky.. nobody knows what can happen to bitcoin in a few months, not even in years.. So my advice is only to put some money on bitcoin, not all your funds, because if bitcoin drops to zero, then you will loss all your money. I hope that this is never going to happen, but nobody can predict what is going to happen in this market, it is very volatile right now.
So better to keep some funds on cash, and the other part in cryptos.
So better to keep some funds on cash, and the other part in cryptos.
It's is risky for people to turn all of their money to bitcoin since the value of bitcoins change regularly. Even though people can make benefit from it, they can also lose good amount of money. Therefore it's quite risky for people to turn all of their money to bitcoins.
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