is it risky to turn all my money to bitcoins? - page 41.

Innocant

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Quote from: freshm4ker on January 16, 2018, 05:04:44 AM

If I think it would be risky to turn all your money into bitcoin. Bitcoin is currently stable and always has a high price, but we can not predict the future for this crypto currency, nor the price. Bitcoin can be used and traded for years for sure, but the price is unstable or it can go down anytime. Cool

If turn you money into bitcoin maybe you should be ready about that happen because their sometimes the bitcoin will going to increase the value and also decreasing the value. But don't worry about that we know you can earn some profit in bitcoin if you will never to surrender on that just try to experience in working on cryptocurrency.

Creepings

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Quote from: fransbenotius on January 16, 2018, 05:30:28 AM

if bitcoin used as a payment it will be loss, but if bitcoin for savings, its very good and profitable

Why will it be loss? I think it is good for digital currencies to also circulate in the network. If bitcoin is just being at hold by whales and other people below them, I think the price will really fall down. If there are easy ways to earn bitcoin, the demand will increase, that will be directly proportional to the bitcoin price and not only that, it will also attract more users making a pump in the price.

darrly

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Yes its risky. Its risky even if you only have small amount in bitcoin. Risk is a part of investing in cryptocurrencies. You cant always be guaranteed about its security. Just be observant and be careful when dealing transactions in cryptocurrencies.

engrdaver

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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!

Although Bitcoin is in its peak and maybe getting higher in its value, it is still risky to turn all your money into Bitcoins. While its true that keeping your money in the bank will probably get you 3% returns in a year compared to Bitcoin which can give you 10 times the return in a short amount of time, it is still not a good decision to do so. Bitcoin is still tricky and we don't know if it can go on for how long. So I suggest you spend only what you can spare.

fransbenotius

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if bitcoin used as a payment it will be loss, but if bitcoin for savings, its very good and profitable

janaiz

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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 risky to turn all your money to bitcoin, maybe 30-40% of it maybe but not all, even if it increasing so fast this 2017 we still don't know what will happen in 2018 so it is better not to turn all your money to bitcoin.

freshm4ker

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If I think it would be risky to turn all your money into bitcoin. Bitcoin is currently stable and always has a high price, but we can not predict the future for this crypto currency, nor the price. Bitcoin can be used and traded for years for sure, but the price is unstable or it can go down anytime. Cool

tech72

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Quote from: An0nyMoose on January 14, 2018, 05:46:28 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!

Yes it is incredibly risky to turn all your money to bitcoins. Money "doing nothing" means it's safe!

If you want higher returns then you need to take a risk.

Putting money into a bank is safe. You get low return. Putting money into bitcoin is very risky. You can get extremely high returns but you could also lose all of of your money. This is not possible with a bank.

Yes, this is what I would suggest too. Most of the people have suggested the same. First thing is you never put all your eggs in one basket i.e you shouldn't put everything into Bitcoin. Bitcoin is a volatile market and you should only put that amount into such market which you can live with even if you lose it all. The returns are too good but so is the risk of losing it all. So, don't put all in Bitcoin.

sommii

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Not at all, just sell your car/house/whatever and buy BTC with all cash you can afford to earn soooo much money Kiss

$$$sparkles$$$

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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!

Generally yes. Bitcoin is now so unpredictable that it could crash or shoot up in a blink of an eye! It is not advisable to have all your goods in one basket. You need to distribute them to have more chances of gaining profit. This is basic trader's info which most are observing especially at this point.

rinny

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Of course it is. Because a lot of hackers are busy with BTC so the chance of you losing everything is pretty high. And if BTC will become illegal? You will get destroyed by the government as if you were a pinata. But now it's a good investment.

tabas

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Including savings? It's risky but if you decided and you have a big trust that bitcoin can double everything you had then it's your choice. I wouldn't invest all things that I have even I trust bitcoin and I'm a bitcoin fan boy. I have other investments and I'm diversifying it as many as I can. I want to earn in different investments but there are people who all-in to bitcoin already.

Amajaa

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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!

Indeed.. It isnt necessary or you dont have to put all your money in bitcoin but at least invest some of it... Bitcoin kinda stressing sometimes for its ups and down value... Just invest only what you can afford to lose.. And read more to have more knowledge of you want to know regarding bitcoin.

SexForCryptos

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The sacred rule in cryptos is never invest money that you cannot afford to lose. This means it is risky. So all your money is NOT a good option.

baho11

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It is a huge risk to turn all your money into Bitcoins. Bitcoin is not a very stable source of investment and can sometimes be profitable to someone or sometime it can be risk factor. In your case it can be a risk factor. A portion of you money can be turned into Bitcoin. You need to understand that Bitcoin value is not fixed. It will not always give profit.

xuv500

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I don't think it's risky to invest all your money to bitcoins, however you may invest partial amount of your money in to bitcoin first and watch for the results. If you get the desired profit and feel that the money you have invested is growing and safe in bitcoin, then try investing up to 50% of your money. Until your country legalized bitcoin don't invest all your money in to it.

sudhirratra68

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Yes! It is always risky to invest all your money to Bitcoin because you never new what will happen in future, you may get profit or may go to loss. So it is better to make small investments and if you get profit, you may invest further.

Generalbablita

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Leave some in the bank so you have some sort of fallback. Then invest the rest. 50% I suppose is enough

Inn0vative1

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Bitcoin should be treated as any other asset class. It would be risky to put all your money into stocks, or into gold, or into real estate, and definitely more dangerous to do so with Bitcoin given it's price volatility. A safer and smarter option would be to hold a portion of your investment portfolio into Bitcoin, and other cryptocurrencies.

feonaishere19

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Yes it is very risky. Why would you just put your money in one place? Put half in the bank and invest half in bitcoin. That a more safe option.

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