is it risky to turn all my money to bitcoins? - page 52.

robynmario

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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!

That can happen, if you really believe in bitcoin and really want to invest in the future. However, I think you should save more instead of buying all btc
Because bitcoin still has some hidden risks

mkettler

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Quote from: tanjiran on January 04, 2018, 05:34:19 PM

Quote from: ferdaus on January 04, 2018, 05:19:51 PM

No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.

You are right. If you use everything you have for one asset then the risk will be greater. If something bad happens to the asset, then you will lose a lot of money, so it's better to divide the asset on some items, if in cryptocurrency divide it into several coins. Although dare to take risks, must prepare Plan B for the future.

What is bitokoyne? Is that what BITCOIN is called in some alternative language perhaps? What language is that even?

zzxswqq

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Quote from: DMiracle1 on January 04, 2018, 05:04:50 PM

No doubt about it. Investing itself is a risk. What more if you invest in bitcoins. A hundred fold. We all know that bitcoin is very much precarious. It will never become stable even in the years to come. It is it's nature. And for you to turn all your money to bitcoin is a very bad thing to do. If you really want to invest in bitcoin do it intelligently. Invest only that portion of your money that you can willingly afford to lose. In that way when things didn't go too well, you can still held your head high with a smile in your face.

Dumbest thing I heard all day, investing into cryptocurrency or stocks is a high risk investment, you might double your money but at the same time you also stand a chance for it to go to zero

piter66

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Quote from: danpaz on January 04, 2018, 04:28:44 PM

Only invest money you afford to loss, don't take all your money to buy bitcoin or other cryptocurrency, this will protect you from possible loss of all funds in the market

Agreed it’s always a good idea to have some liquid and non risky assets. Bank funds are insured and if the bank collapses you will still manage to get the money

Thirio

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Of course it is. Imagine having a huge money invested today thinking it would grow, then it's value tomorrow drastically decreased, imagine how terrifying that will be. I think it's too risky. If you have a huge amount of money, it's better to use them slowly. For personal matters and for investing purposes so you wont have to worry of it disappearing.

haster100

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Yes, it's risky, because even the value of bitocoins is very high today. Nevertheless, we did not know if it would continue to bloom in the future, but I think that everything is positive, like everyone else, and continue to support the bitcoins industry.

megatrix

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Quote from: terrific on October 05, 2017, 05:20:39 AM

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'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.

It is highly risky knowing that the bitcoin rating is not consistent so it could either increase or decrease the worth of your invested money.

Kiweikoo

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Quote from: ChrishAi28 on January 05, 2018, 01:43:13 AM

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!

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.

pocketfullofpoke

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www.daxico.com

Yes it is because the moment bitcoin will plunges deep, all your money invested on bitcoin will also suffer. It's always better to diversify like 50% of your money will be invested on bitcoin while the other 50% on other crypto.

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SOL.BIOKRIPT.COM

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!

a choice that will determine a person's life. yes like what you say, I think it's very risky on the basis of unfounded speculation. so it's best to include knowledge, investigation and analysis.

RakknRoll

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Maybe its too risky because you did'nt know when it will rise but when you want to earn more money you must take the risk in investing it.

Valentina N

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https://www.swanfinance.io/

Life are full with different risks and yes investment are high risky also!

teejayrichard2

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In as much as bitcoin is a lucrative investment, I won't advice you turn all your money to bitcoin. Bitcoin has a risk meaning it might go down in future and if this happens you won't be smiling. Invest part of your money in bitcoin and keep the rest.

genology

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It is risky and not a smart way on handling your money. In investing, one must know how to diversify its money to reduce risk and generate more passive income. Instead of just putting it on bitcoin, put some of it also to other cryptocurrencies and investment options out there.

johnyespapa

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Yes ofcourse putting all your money in one coin is dangerous,do not put all the eggs into one basket.

TradeCrypto

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Presale is live!

Yes , it’s risky to turn all your money to bitcoin until you have confident enough about bitcoin process and profit . If you know all about bitcoin and it’s market it’s nothing you can invest all your money and you can earn like anything but without knowledge if you want invest it’s very risky.

ramzhies

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it is risky. obviously you can see how volatile the market is.. but as the old saying, the highe the risk, the higher the reward

Bitcoinbitcoin0909

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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!

We all know that every business or investments are risky as what as bitcoin. If you turn all your money in bitcoin you cannot assure if it will be profitable or not since 'you are not sure' what if the bitcoin falls down, your money will be affected, you will be affected. You don't have any money to use for your daily needs. So for that, do not take or turn all your money in bitcoin.

yamete kudasai

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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!

bitcoin is a very good investment but turning all your money to bitcoins is risky. the value of bitcoin now is not stable, even though the current price of bitcoin now is in high value their is possiblity that it will dump and can cause a loss to you .So its better save money by your own incase the bitcoin dump you still have money.

futurebitcoins

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Quote from: congtuan001122asd on January 08, 2018, 08:38:45 AM

I think it's absolutely risky to turn all your money into bitcoins. The future of bitcoin is unstable, and the government will ban the bitcoin in the near future. The value of bitcoin is unstable.

You are correct; if our governament ban bitcoin and all exchanging sites closed, then it is a huge loss. So don't keep all your money in Bitcoin.

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