Topic: is it risky to turn all my money to bitcoins? - page 42. (Read 37346 times)

All Investment is very risky. Always remember don't put all your money in bitcoin because we all don't know what will happen in investment if you gain or not.

Yeah I'd say so. It's always good to diversify, but always remember not to put all you eggs in one basket

Ohh no!! Dont turn your all money into bitcoin vecause its very dangerous you can lost all of your money if you do that because bitcoin is vwey volatile and unpredictable so what if tomorrow vitcoin will get banned all over the world so what are you gonna do

of course if you change all your money to be made bitcoin, but the risk is very small
because I'm sure bitcoin will continue to rise in price, no need to worry that bitcoin will not fall to zero
there is even the possibility of going up higher than the present

Definitely its risky to put all your money in Bitcoin, in fact we should always put our money in different avenues to safeguard our interests in long run. In banks, its doing nothing just earning a simple interest but still safe. So in my view, we should keep always a small amount in bank too.
Bitcoin is volatile hence not suggested to put all money.

Don't put all your eggs in one basket. Do not put all your resources in one possibility.
This is the best plan to invest.

Doing invesment is always risky specially on bitcoin because as we now some country not legalized bitcoin yet. it means goverment can do anything to bitcoin. my advise is do not turn all your fiat money into bitcoin. just turn the money you can afford to lose if you wanna turn it into bitcoin. because bitcoin future is unpredictible.

Yes, it's risky also. In our life there is no-risky 100%. You should learn to take risk. But if you are asking that you want to turn all your money to bitcoins, my suggestion is you can divide it or make some partition, do not put it all in one basket, you may divide it, like 50% to bitcoin only or 30%.

Yes, it is risky. Never put all your eggs in one basket. If something happens to your basket, you remain with no eggs at all.

It's very risky to turn all money into bitcoin, if bitcoin decreases in price it will be bad for you. It would be better if you buy some crypto coins rather than just focusing on one crypto coin.

Turning all real money into Bitcoin or any other digital currency is a big risk, as those investing in digital currency invest taking a big risk that they can lose everything or gain double even triple and more

With the volatility of Bitcoin, it would be very risky to exchange your money to bitcoins. I suggest to allocate your resources, 30% into Bitcoins and 70% as is. However if you look at the market, there are Altcoins that have been emerging and if you study the market and the news regarding these altcoins, it is best to invest into these coins.

In my opinion, of course this is very risky, we must understand that all investments are not guaranteed will be forever profit so if we put all the money into bitcoin it is gambling with 50:50 chance.

it's very risky, Don't Put All your Eggs in One Basket. Bitcoin is very volatile, when jump you will get huge profit but if fall or something happen you will cry. Turn 50% of your capital into BTC, 50% for reserved.

It is very risky to turn all your savings into bitcoin. You should be comfortable with losing whatever you put into bitcoin. So if you invested $20k into bitcoin, you need to be okay with that $20k turning into $0. It also depends on your situation. Do you have children to take care of? Expenses like a mortgage? if you're single with no children and living rent free with your family, you can take more of a risk and invest more.

I think all users will think about it after they experience it right now. they will think that backup plan is very important especially when bitcoin price goes down. that using all your money for investment is risky thing. because when the price drops very deep it will give you a huge loss if you do cut lose? and you will find it difficult to pay for your needs because all your money is in bitcoin?
then the backup plan or financial plan is very good to be formulated before making an investment

Yes. It is risky to turn all your money to bitcoin. Especially when you turn it when bitcoin price is high. Bitcoin price is volatile. Every investment in the cryptos is the risk. Bitcoin has a lot of potentials and its current curve on the market is very promising but like the most of the members here said - Nothing is safe. Try to think thoroughly and properly and think about your investment in a Bitcoin a little bit.
Money in the bank maybe cant bring you the amount of the profit that you desire but at least is safe there and there is no fear of the sudden value loss. Bitcoin is fluctuating a lot and even if it has the potential to double its value no one is guaranteeing you that you will make the profit.
There is the possibility of the utter market crash and if that happens you will make a big regret because of your false decisions.
Be smart and only invest the money you are willing to lose.
Yes of course there is a large possibility that you will be undertaking a risk by turning all your money from real money into virtual money since we all know that a lot of risks can be get from being virtual because even though there is a boom in the modern technology, we cannot still deny the fact that crimes and corruption are also associated in virtual world. Also, we are not that sure when will Bitcoin lasts so it will be much better if you will still keep your physical money and virtual money
Everything is at risk even if you did not turn it to bitcoin there is a risk that your money can be stolen or the bank can resulting to bankruptcy. So if I were you I will take the risk that have a higher opportunity to grow my money.

i totally agree on this

Everything is at risk even if you did not turn it to bitcoin there is a risk that your money can break stolen or if it is in the bank, the bank can resulting to bankruptcy. So if I were you I will take the risk that have a higher opportunity to grow my money.

If you really literally meant all of your money to bitcoins, that may pose to be a problem since you dont have any hard/fiat cash left to pay for your daily needs unless you buy those stuff at services that accept bitcoin as payment.