Topic: is it risky to turn all my money to bitcoins? - page 43. (Read 37361 times)
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, if you cant handle a 30 to 40 percent loss on your money you might end up losing it. I will explain a bit more. For example, you buy 1 bitcoin at 17,500 usd right now then it became 13,500 usd if you are not a patient investor you will sell it because you will be scared that it will go down a bit more. So dont turn all you money to bitcoin. Be patient and wait for the "dip" this is the time when bitcoin price is low.
Of course yes. What if bitcoin suddenly dump on it's price. Your all money will be down too and if you are newbie in this investment. You will all sell your bitcoins even if it's a loss but if you don't want to lose a portion of your money then just hodl and forget you have investment. Just comeback when the price go back.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is really very risky to do this. You can get 80% of your money in the bank, invest a little in bitcoin, then the rest among the top 10 cryptocurrencies especially the low valued/cost ones. 
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.
I would say it depends on how you look at it.
How long are you willing to leave it in? are you comfortable knowing your money is worth half of what it should be for a couple months? btc could crash to 7-8k tomorrow (doubtful) but anything is possible. In the long run surely bitcoin will surpass 30k without a doubt by the end of the year.
Who can guarantee this? nobody.
but based on the fundamentals 99% sure crypto will take over the world very quickly
How long are you willing to leave it in? are you comfortable knowing your money is worth half of what it should be for a couple months? btc could crash to 7-8k tomorrow (doubtful) but anything is possible. In the long run surely bitcoin will surpass 30k without a doubt by the end of the year.
Who can guarantee this? nobody.
but based on the fundamentals 99% sure crypto will take over the world very quickly
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
dude you should have a backup plan who knows what will be the value of bitcoin tomorrow or future you should have the right knowledge before investing in it is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
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
In my opinion,It's a 50:50 situation if you don't need money then you can invest your money to bitcoin and wait for a year. but i suggest 50% cash and 50% of bitcoin. hope you do the same thing.
I'd like to echo what people in here are saying is true; It's very risky to turn all your money into bitcoins. It's volatile, meaning its worth fluctuates unpredictably. Just turn some of it and save the rest in case of emergencies.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I feel you mate. The dream of getting rich with bitcoins is really tempting if you ask me. And that can really make you think of putting everything you have on it. As good as how bitcoin looks today, it might seem like a good idea to do as what you are saying but you see, bitcoin has no assurance. If you lose, then you lose. So it is better if you just go and invest money that you don’t need. And work regular jobs at the same time. To avoid big mistakes or regrets.
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.
All money can and is risky now. And earlier it was possible even to build a house and a car. The bank is also not always reliable. Banks sometimes burst and money is simply lost. So you can take a chance and put everything in bitcoins
Its absolutely risky and also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.
why not try a pump and dump, get some high reward and take your starting money out? I just did a pump and dump and got 40%. The group I used was pump4coins.
I know that you want a big profit that's why you wanna turn all your money in bitcoin but yes it's totally risky even if it small money it's risky too, better if you learn how to trade it's better
it is very risky, especially it is not a dip right now and showing a decending trend. I would suggest split your investment, into different investments or different coin.
Aside from being risky it would be dumb. Never go all in, in gambling, in investing, in life, it's a general rule. Keep some for yourself and for your needs. Only invest money you can lose.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Clearly, it is. Bitcoin is volatile so there's a risk on investing into it. You are about to bet ALL of your money, and it is obviously risky. I would suggest you to invest only half of it to avoid unnecessary things too happen such as losing total wealth. Do some research also about investment in order for you to know what you are actually engaging yourself with.
An old rule says: Do not put everything on a card. Unfortunately, greed stops people's brains in some people.
I would never invest more money in BTC than I am willing to lose.
However, the brave ones were the winners last year. But that does not have to be the case every year.
I would never invest more money in BTC than I am willing to lose.
However, the brave ones were the winners last year. But that does not have to be the case every year.
Its a rule of trading and investment do not put all money at one place it will be risky,It should be divided in different kind of portfolios.No doubt Bitcoin is leader and profit oriented coin but put all in it will encourage the risk.There is also many profit oriented altcoin which give you good weekly or monthly earning also will save you and will make stable financially.
All of us very much believe in bitcoin, but still there is a small risk that everything will collapse at one point, and you can not do anything about it. Are you ready to stay with nothing? If so, then you are very brave, and you can safely invest in the crypto currency.
No matter how much you believe in crypto currencies, it would be a total catastrophe to put all your money into bitcoins. this is the number one investing rule; never put all your eggs into one basket.
Never invest all money in bitcoin or another coin. This is the highest risk for you. You need to more careful, no need to lose big money with this.
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