is it risky to turn all my money to bitcoins? - page 53.

kakrotssj1

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Quote from: hassan.shakeel.rajpoot on January 08, 2018, 08:41:27 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!

it is risky now. because the price is not stable right now. when the price gets fixed then it won't be a risk.
but if you are looking for profit, then you should invest now because it's rising again.

But what if I invest in altcoins as well? Would it be risky? And when will the price be stable?

hassan.shakeel.rajpoot

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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!

it is risky now. because the price is not stable right now. when the price gets fixed then it won't be a risk.
but if you are looking for profit, then you should invest now because it's rising again.

congtuan001122asd

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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.

jafurih

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Bitcoin is best investment, but it is unstable currency.bitcoin price may rise and fall.turning all money bitcoin is not fair,it depends on your luck.

ekans45

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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.

Before you make such a drastic move, you should study first the risk and the factors that affect it. In that way, you can manage your money wisely. Remember that the actions that you will make today, will be affecting your future. Bitcoin is very volatile, but, if you know when to sell, buy, and hold it, you surely have a higher percentage of getting a good profit.

heureca

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The best way is to invest in 10-20 perspective criptocurrencies. BTC is good but you will have more stable portfolio with different coins

lhea056

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If you convert all of your money yes it is risky always save money for yourself and if you are going to risk all of your money well what will you use for your daily needs . If you are going to convert your money just convert spare money so if you converted your bitcoin and price dumps it will not hurt you a lot but don't convert it again when bitcoin dumps don't get panic just go with the flow and wait and see and before you convert or enter bitcoin make sure that you have enough knowledge about bitcoin and know its characteristics because bitcoin increase price rapidly which people invest in it . Always remember when converting bitcoin you have to study its graph chart on how it flow so you will know when to convert so you can get profit from it . Take note don't get panic easily .

Meowth05

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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!

It definitly risky but remember the more risk you take the more profit you will get. However, before you put all of your money think twice and be wise on your decision because one mistake could lead into your loss. I think if you are hesitating then you should try to diverse your money into half. Life is full of risk and all we need to do is try our best and make our best decision in order to overcome those risk.

Janation

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Quote from: raypinch on January 08, 2018, 06:49:28 AM

If you don't risk, you won't have a chance to be better than others, so yes my recommendation is to to risk everything !

But even bitcoin is having a pump now and then, I think you don't need to immediately turn all your money into bitcoin. You can always monitor the price first so you can know when to turn your bitcoin with less risk. Well waiting for the low price of bitcoin in that time is the right move but who knows how low it will go since it is unpredictable. Better set a goal in buying them just like on selling them.

infposs

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There is no doubt that you put all you money in bitcoin. That will make you care so much on loss. Hope this will help..

blue_dragon

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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!

Yeas, bitcoin is very risky. But it will depends on you if you will be a smart one that can handle your situation and have a useful information about investing to bitcoin.

derdgzmn30

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Yes. Too risky.

sino22

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Quote from: Emerge on January 08, 2018, 07:33:45 AM

I don't say it is risky, but try to invest only that part of money you can afford to lose.

instead of bitcoin is risky yes, so we have to be careful in the transaction and manage our bitcoin ourselves, because hackers are now increasingly rampant, to the extent that we are difficult to watch him.

Emerge

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I don't say it is risky, but try to invest only that part of money you can afford to lose.

Christian13

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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!

i don't think that it is wise to invest all your money in bitcoin. Bitcoin is really volatile, it will not be always running on the positive side.It can affect your personal life and you may get stuck without money.I just have a single opinion, think wisely before you put your money in bitcoin. All of us know bitcoin is pretty risky.

cybersofts

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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!

Yeah, it is very risky to put all your money into bitcoin, there might be a very huge risk involved because the bitcoin and cryptocurrency market is unpredictable. You should invest half of your money in to the market and taste waters and if you feel you need to add more money to it then you should.

raypinch

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If you don't risk, you won't have a chance to be better than others, so yes my recommendation is to to risk everything !

donalfonso

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A very important rule when investing. never put all your eggs in one basket.This is an age old rule or theory that has always been proven right, no matter how astronomical bitcoin is rising now or in the future. it is always a good thing to spread your investments

DarLim11

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Bitcoin certainly is risky, you are like gambling your money if you put it all in. Bitcoin is beyond your control we control how it grows and continually grow, its value can suddenly depreciate.

The best option is always to diversify your funds. It is the best way to prevent losing all of your money. And your money can also grow in other investments

valentinen39

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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!

Yes it is very risky to turn all your money to bitcoins because you will never know when the value will increase or decrease. The best thing to do is always look at the news and read different speculations in order for you to build up your own idea on how to react on different situations.

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