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Topic: is it risky to turn all my money to bitcoins? - page 51. (Read 37346 times)

full member
Activity: 224
Merit: 100
So many people investing on crypto money, big expectations  are structured, misrepresenting the lack of information and causing significant financial loss. Crypto money has not yet had a legal basis and the transactions carried out within this scope are not under the authority of any official authority.
newbie
Activity: 9
Merit: 0
The answer I think is YES! Putting all your money in bitcoin is risky and you should not do it.
member
Activity: 205
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Yeah it's risky.Because Bitcoin is a currency which depend on the internet. If internet dies bitcoin and all other crypto currenciea die along with it. Further if bitcoin is banned tgere is a possibility to lose your money.However,either of above facts has a very rare possibility to occur.So as bitcoin will be the digital currency of future we shouldn't just wait thinkig that this is not reliable.Otherwise we will be too late. Therefore the vice decesion is to invest a certain amount of money.
full member
Activity: 182
Merit: 100
In think that is very risky, as we know that bitcoin and cryptocurrency is a type of high volatile investment so if you turn all your money to btc , u can rich very fast and u can poor very fast too Sad

For me it is better to invest small amount of money that you can put at risk.
member
Activity: 140
Merit: 11
yes it is very risky, but the risk can be minimized as long as we act with care
instead of letting our money in the bank and not growing letting it go, I'd rather take the risk than just shut up
member
Activity: 74
Merit: 10
Man, you are talking about putting your all eggs in a single bucket. Personally, I keep my 50% investment in Bitcoin and Ethereum. Another 50% in other altcoins. This is my strategy, because I don't have enough time to spare for trading.
newbie
Activity: 24
Merit: 0
Yes, highly risky to turn all my money to BTC because bitcoin can change rapidly and unpredictably.
For me it is better to invest small or moderate amount of money that you can put at risk.
as long as you are okay with it, no one can dictate you since it was your money were just trying to gamble our money if this will grow or turn into bubbles. Grin


member
Activity: 111
Merit: 100
Too radical. People seem to want to do all or nothing. Why not half your money?
full member
Activity: 644
Merit: 102
Yes it is very risky to turn all your money to bitcoin. The advice for crypto users is never invest what you can not afford to lose. I belief in bitcoin and that is has come to stay but to be on the safe  side and also  because of its volatile invest what you can lose and will not be sorry for it.
newbie
Activity: 12
Merit: 0
Yes, it is a high risk to invest all your money in Bitcoin. As much as possible, divide your savings to different places such as your bank, wallets and for investment.
newbie
Activity: 9
Merit: 0
Bitcoins can be risky in their own way and are volatile. You need to be careful on how much you invest, around 30% would be good enough.
legendary
Activity: 1330
Merit: 1019
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some.
By all my money, I am pretty sure he means all of his saving or the extra money that he does not need to use for his daily needs and that is very safe. However, if he literally means all of money then definitely it is not a wise action to convert it all into bitcoin.

He will earn great profits this way but we all know that bitcoin is not accepted by all shopkeepers. It still has a long way to go before it goes mainstream.
Agreed! It is always very much risky thing to do and this can prove to be very much risky for you as well most of the times. Investing your money into bitcoin is very much profitable but it is not at all a good option to turn out all your money into bitcoin as there are chances of suffering some loss as well. For that, you actually need to have something back in your account which you can use as your savior.
sr. member
Activity: 1722
Merit: 252
This is certainly very risky, as we know that bitcoin and cryptocurrency is a type of high volatile investment so if we put all the money it will make us regret for not profit or loss.
jr. member
Activity: 672
Merit: 1
Moderator
Ya it is very risky to invest your all money in Bitcoin. First there is no regulatory authority for crypto currency world if u have in any trouble. Second the price of Bitcoin is booming. Third anytime anything can happen in this crypto world because no body knows about the trend of market when it was to up sight or to down sight. So it is better that u can divide your fund in 40-60 ratio and the lower part of fund will invest in Bitcoin and hold for long time. And rest of the money placed in bank for your house hold expenditures or also u can invest in secure funds.
member
Activity: 574
Merit: 11
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it is a bit risky if you not strong enough to hold that you're gonna end up loss your money cause the bitcoin price right now it's a down trend but if you ended up invest your money do not sell them now just wait and hold that. i believe bitcoin price gonna normal again.
full member
Activity: 938
Merit: 137
As a general rule, you can not turn all available funds into one definite coin, even a very reliable and promising one. This also applies to bitcoin. Moreover, currently bitcoin has become very slow, its transactions are hanging by hundreds of thousands, and the commission costs for their holding are becoming more and more expensive. Many bitcoin holders in this regard refuse it and transfer their funds to the altcoyins. In this regard, the credibility of bitcoin is greatly shaken. Thus, the risks of investing bitcoin increase and so I would not recommend all of my savings to invest in bitcoin. Perhaps in the near future bitcoin will eliminate these shortcomings, but for now it is necessary to proceed from these realities.
newbie
Activity: 44
Merit: 0
Nowadays, Bitcoin is more popular and my answer is definitely yes, it's risky to turn all money to Bitcoin. In stock market exchange, rate of Bitcoin and other cryptocurrencies is unpredictable, sometimes it increases, decreases, or becomes stable in your money invested. I will managed my money in important expenses for personal and family needs, for paying utility and insurance bills and other remaining money left for investments and Bitcoin. When investing Bitcoin, invest what you can afford to provide..  Smiley
member
Activity: 182
Merit: 10
It is. Like any other investments, there is no assurance that you will gain profit for a long time. You may earn now, but may lose tomorrow as it bitcoin price fluctuate.  You may invest here whatever you can afford to lose. It is better to part your money to different kind of investments or savings to be sure.
member
Activity: 195
Merit: 10
Yes investing your all money to bitcoin is very risky. You don't know what happen next if you do that. You can invest but not all. Always remember, invest what you can afford to loose.
full member
Activity: 269
Merit: 101
It is very risky to convert all your liquid money and investment to bitcoins as the market is unstable and anything can happen anytime
it is safe to invest some part of your money in bitcoins and keep the rest as insurance for future
currently the prices of bitcoin have fallen from $19500 to $13950, if you sell everything to buy bitcoins and the prices crash then you would end up on the road
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