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Topic: is it risky to turn all my money to bitcoins? - page 5. (Read 37359 times)

copper member
Activity: 6
Merit: 0
It is very risky, Invest in other physical business you deem fit for, as this will support you during the dip period of bitcoin.
newbie
Activity: 308
Merit: 0
Hmmm maybe and maybe not. If one day you wake up, then bitcoin value is just $100 then what you do LoL
jr. member
Activity: 266
Merit: 1
is it risk turning all my money into bitcoin? if opinions are very risky, better kept aja and invested in other forms such as time deposits, or saved because it is more secure than we make our money all kebitcoin because bitcoin sometimes up and down.
jr. member
Activity: 246
Merit: 2
I think  turning all your money into Bitcoin is not a good idea, you have to atleast manage how much money you should invest or you can afford to loose in Bitcoin, put some of your money in the bank or invest it to some businesses​. So that even when the price of Bitcoin decreases atleast you're​ not going to panic. But still the decision is yours.
full member
Activity: 770
Merit: 102
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.
I really agree to say that its is a very risky decision to put or invest all my money in bitcoins. Price of bitcoin is not stable yet and investing in bitcoin someone may get high profit and high loss.Anticipating this, we are recommended to invest our idle money only. If we have money deposited at bank in form of time deposit, just put some amount of it on due date to bitcoin investment and the rest still saved at bank. Doing this, investment risk can be minimized and we also can compare investment gain from time deposit at bank with bitcoin investment which one is better.
member
Activity: 359
Merit: 15
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

If you want your money to be safe then leaved it to bank, but if want your money to grow and earn more profit invest in bitcoin, but keep in mind that invest an amount what you can afford to loose.
jr. member
Activity: 79
Merit: 6
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes of course, if changing all your money into bitcoin it will be at risk, you better keep some of your money remain in bank. because it makes anticipation if the bitcoin price decreases. we know the price of fluctuating bitcoin quickly can not know when up or down.
full member
Activity: 280
Merit: 101
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its highly risky. There is no set laws in any country related to it. Moreover its heck of volatile. So investing all your money in bitcoin is going to give you a lot of heart shocks each day. But yes invest 30-40% of your money for long term.

I think 40% also bit high. I think we need around 10 or 20% only to invest in crypto since crypto is very volatile and risking more saving would be dangerous for you and your relative's daily life.
Risk only the amount that you can afford to loss.
member
Activity: 454
Merit: 13
It is risky to turn all your money to bitcoins unless you can afford the risk.
newbie
Activity: 7
Merit: 0
if I had a time machine, I know what I did.
newbie
Activity: 270
Merit: 0
Yes it's risky to turn all of your money into bitcoin. Firstly, we can't make any predictions about bitcoin price. Price may be up or down any time without any kind of warning. Secondly we can't give any kind of guarantee that there is only profits. But the truth is that you can also face some losses. So I don't think it's good idea to turn all of your money into bitcoin.
sr. member
Activity: 868
Merit: 256
It depends your level of knowledge and character of risk taking. You take higher risk, it is better to keep reserve for future drop in prices and buy step by step.
Yes it is highly risky to turn all your money into bitcoin. Even if it gives you profit but regular dose of tension will come with your profits and you are more concerned in bitcoins prices then any other issue in your life but yes investing 40-50% of your sources in bitcoin for long term will be a god idea in this way you have side business too and chances of loss will be lower.

Yes ofcourse. If you tried to convert all your money into bitcoins and you invested them into a untrusted investment sites here in crypto world, I know that percentage of getting profit is 1% over 100%. Why? Because many investment sites that will scam you, most specially if you invested a lot of bitcoins in their website, I assure you that they will try to be interested with your bitcoins and they will get it without turning back. Hence, This is so RISKY!
newbie
Activity: 130
Merit: 0
It depends your level of knowledge and character of risk taking. You take higher risk, it is better to keep reserve for future drop in prices and buy step by step.
Yes it is highly risky to turn all your money into bitcoin. Even if it gives you profit but regular dose of tension will come with your profits and you are more concerned in bitcoins prices then any other issue in your life but yes investing 40-50% of your sources in bitcoin for long term will be a god idea in this way you have side business too and chances of loss will be lower.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
It depends your level of knowledge and character of risk taking. You take higher risk, it is better to keep reserve for future drop in prices and buy step by step.
newbie
Activity: 106
Merit: 0
Yes it's very risky. And the fact that you ask means that you don't control the subject, so it would be better for you to be aware of those risks before making any decision. In my opinion, your money is better sleeping in a bank account (even if the interest rate is low) than fully invested in BTC where you can loose everything very fast.
full member
Activity: 323
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think if for the long term have little risk. That's just my opinion, we do not know exactly what kind of bitcoin will be in the future. I only know of its potential and its current popularity. But you should not all your money invested in bitcoin. You have to do the right calculation to invest your money.
member
Activity: 239
Merit: 10
tu risky but if you change your money to be a bit, I do not think it's risky just make sure you keep it safely and securely so you will not lose them. I have even withdrawn some of my money in the bank and invested in bitcoin and some altcoin.
full member
Activity: 406
Merit: 102
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Of course it is. The market is very volatile you don't know where its going and if its on your side. Its just like closing both your eyes while driving, so you really dont know where you're going. Make sure to invest only the amount you are willing to lose. If you think the money in the bank deserves to be somewhere else then ho ahead but you must make sure you know what uou're doing.
member
Activity: 150
Merit: 44
ICEMAN - SMART CONTRACTS DEVELOPER
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

It would be foolish to do so, as Bitcoin prices do certainly go up but they do fall with a vigorous speed as well which can be deadly if you have all your life savings at stake.
jr. member
Activity: 434
Merit: 2
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!


 Will for me investment is a risky. But i thunk putting all your money in a bitcoin is a good idea. Many investor and user do that here. Because they trust bitcoin more than other currency. And bitcoin return your money with huge price. You cannot imagine why thats happen
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