Topic: is it risky to turn all my money to bitcoins? - page 54. (Read 37348 times)
It's definitely risky to turn all of your money into bitcoins. You know how the value of bitcoins changes every minute or hour and this volatility makes it hard to rely on it 100%. You cannot rely on something that volatile edpecially if you have other things tonworry about like living! I recommend you put in only the amount that you are comfortable with not seeing in its actuality (not being able to touch it). Put in an amount you're comfortable with being just out there, circulating in the world of cryptocurrencies so that you have money to spend on the essentials of life: food, mortgage, utilities, travel, and other things which matter to yoi. So don't gamble wverything you've got, it does not work that way with bitcoins!
Whatever you do there's a risk, especially when money comes in but when it comes to bitcoin for sure your money will grow. Currently, it is hard to see if bitcoin will go down/up that's why in my own opinion it would be better to invest in altcoins based on the trend in the past few days. You may pick for like 2-3 coins, read articles on which is a good investment, comments from known people but make sure to make a good decision,your own decision so that you will not regret it IF in case that it will not work.
for you want to convert money into bitcoin is also a high risk, but if you can control that risk, you will get better results because bitcoin price every day is always up. It is very good for you, than you invest in the bank, because income in banks is very low, compared with bitcoin.
Don't put all your money into bitcoin investment, just only put only few amounts.
Bitcoin sometimes we can say that it is risky because of the price movement. When you put or turn your money all to bitcoin, im sure you gain, but you must have a long patience, because sometimes price will up and down, bitcoin risk is on what the price moving.
Bitcoin sometimes we can say that it is risky because of the price movement. When you put or turn your money all to bitcoin, im sure you gain, but you must have a long patience, because sometimes price will up and down, bitcoin risk is on what the price moving.
A lot of people here have warned you of the possible risk and I would like to add that even if so many people trust and buy Bitcoin, it doesn't mean that it will never crash or experience any major problems that might potentially cost you your investment if you go all in.
Is not really a good to put all your money in a single investment even it is profitable.
Always keep a safety net on you cash when investing.
As John Maxwell said do not put all your eggs in one basket.
Always keep a safety net on you cash when investing.
As John Maxwell said do not put all your eggs in one basket.
Off course it is risky. In Lehman terms also its not suggested to keep all eggs in one bucket. Investing in Bitcoin involves very high risk, as prices have been extremely volatile. Even many experts are skeptical about bitcoin as an investment primarily because there is nothing for them to analyse. it is neither commodity, nor currency only a virtual currency. The lack of clarity about its origin is another big issue related to bitcoin. It can be very risky for businesses, industry and people to trade or invest in bitcoins as it is just a formula, not backed by any tangible asset, but by sheer demand.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is risky doing that because the value of bitcoin can fall down anytime so the best thing to do before doing that is to observe first what's happening in the market then if you are seeing that pumps are occuring, go ahead and turn all your money into bitcoin. In this kind of situation, it is not a good idea to be careless, you should atleast assess the situation first. 
Investing all your capital to a single basket is risky. No matter what the price or you think the value of the coins is still undervalued, its still carry a great risk. Always think the worst case scenario, always expect the unexpected, it should be a great advice for you.
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 the market is unpredictable, The price of your coins is not stable and because of it there is a 50 percent chance for you to either earn more profit or lose your coins, So just work hard in order to earn bitcoins or wait for the price in the market to decrease before investing.
Bitcoin is highly volatile in nature so it depends on each persons interest to turn all your money to bitcoins there are chances for the increase in price of bitcoins so it could be for the better, lets wait and see how the bitcoin market is working.
Is it risky to put all your eggs in one basket?
If you correctly answer this you have your answer
If you correctly answer this you have your answer
i think yes...you always can invest bitcoin but not all your money ...fifty percent of your money is enough then when you already have profit you add it to your capital..that way whatever happen their is still money in your pocket left
In life,there are risks to make, but I you also want to be successful you need to be a risk-taker just be wiser.
Yes, I agree with you. There is a risk at all time, and if you are afraid to face the danger I think nothing will happen to you and your life's dreams, and you'll stay in the state of life you have today. Yes! The risk is there but if you are wise you'll gain here. All you have to do is study the movements of the coins and feel if the value is going up or fall.
I think it is very dangerous, you should have enough living expenses. The price of BTC is volatile. If the price of BTC drops after you buy it, I think it will be a big blow to you.
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, for sure! Bitcoin, or cryptocurrency in general, is already risky to begin with, and the fact that you are using "all" your money, perhaps your savings, makes it so much riskier that it already is. Although I agree that in the cryptocurrency market, every venture is some sort of a leap of faith, you still make calculated risks and not risk everything because once you lose it, it can't get it back, or not easily for that matter. I think if you are a started or a newbie, you should try it little by little, and invest part by part, instead of investing it in one big time.
It is very risky. Let assume bitcoins is for investment purpose. If you turn all your money to bitcoins, and there is emergency or daily transactions , you need to be selling bitcoins everyday and the network fees along will eat all your money.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it is really risky to turn all your money to Bitcoin as you may loose your money in case Bitcoin value goes down.
If you feel that your money is just getting wasted lying in the bank,
you can find some other sources to invest besides bitcoin.
Investments have its own risk. In crypto world, the risk is so high because it is not regulated by our government. That is why anytime being your money may be gone when unfortunate happens. So again (many are always telling this), do not put all your money in Bitcoins or any other alt coins. Just invest what you can afford to lose.
I don't think it's risky at all
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