Topic: is it risky to turn all my money to bitcoins? - page 55. (Read 37348 times)
it all depends on you whether you trust bitcoin or not and you should see the performance that has been done bitcoin so far whether up or down so you could be unting if you have patience to wait for bitcoin to rise and if you are less patient can you very loss great because bitcoin requires your patience to benefit from the bitcoin itself
Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.
The good term that can be used here is experimenting, due to its unstable nature, which doesn't guarantee an investor will always win and gain profits at all times. Not unless that the money he is willing to sacrifice is just an excess which he could not decide where it should be allocated. Also, a knowledgeable and experienced person won't do the same act. They are wise enough to decide because of the success and failure that they have before. Doesn't matter if you are rich or poor, an investment always comes with risks. And we know a lot of people succeed doesn't all-in and gamble his or her future in a single investment alone.
Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.
The good term that can be used here is experimenting, due to its unstable nature, which doesn't guarantee an investor will always win and gain profits at all times. Not unless that the money he is willing to sacrifice is just an excess which he could not decide where it should be allocated. Also, a knowledgeable and experienced person won't do the same act. They are wise enough to decide because of the success and failure that they have before. Doesn't matter if you are rich or poor, an investment always comes with risks. And we know a lot of people succeed doesn't all-in and gamble his or her future in a single investment alone.
All investments has a varying degree of risk and cryptocurrencies is one of the riskiest investment but with high return if you have the patience to hodl it long. Turning all your money into bitcoin is risky especially if there is no more money left in your bank account. It's better not to put all your fiat in one virtual basket, you must some cash left in your emergency pocket.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Once you are not going to use this money soon, i advise that you convert it to cryptocurrency and invest. It will be wise you invest not just in bitcoin but also in other profitable cryptos that has great future.
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, very risky. trading is risky, not just on bitcoins but on everything. Invest What You Can Afford to Lose! When done properly, it can typically make more money for you than the interest you might earn in a nice, safe savings account or certificate of deposit. But with reward comes risk. If you make poor choices or even if things beyond your control go wrong, you could lose that money.
Nope, it is not. We all know the characteristic of Bitcoin which is volatile and turning all of your bitcoins to money is risky since the price is not fixed. It might go down or go up. For example having 1 bitcoin = $20,000 and then the price goes $25,000. The profit that was lost is $5,000 which is enough to bought the things that you needed
it will be very risky to put all egg in one basket for sure. if you really wanna do it just split it over to other top coin also. and spent what you afford to lose. not only think to gain. nothing in this world last forever. sometimes it up and sometimes it will goes down. so make sure you have a good plan to invest.
True, it is in fact stupid to invest everything you have in the form of money into bitcoin as you will be bearing so much risk that could be disastrous if things go the other way. I will suggest that you rather split them into other investments and keep some in cash on you.
it will be very risky to put all egg in one basket for sure. if you really wanna do it just split it over to other top coin also. and spent what you afford to lose. not only think to gain. nothing in this world last forever. sometimes it up and sometimes it will goes down. so make sure you have a good plan to invest.
If you put Bitcoin as other for comparision and have a wide thought, you will see: Not only investing on Bitcoin is risky, same to other.
Only 01 different point that all of people scare is Bitcoin's determined value higher many time than other, when you invest successful, you will get huge profit, if not, you lose huge money.
Only 01 different point that all of people scare is Bitcoin's determined value higher many time than other, when you invest successful, you will get huge profit, if not, you lose huge money.
It is definitely good to be diverse. Definitely not my take to turn all my money to bitcoin no matter how much it can fly up
Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.
Yes it is a risk. It is advisable to invest as much as you are prepared to lose.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt.It's best if you can diversify and so putting all your eggs in one basket doesn't make business sense and you might end up regretting should things not go your way so in as much as i also believe in bitcoin's future i think you shouldn't just turn all your money into bitcoin but you can spread them and turn a portion of it instead.
Putting all your eggs in one basket is risky as it might turn your money to profit loss. Instead of earning profit, you'll end up having nothing in return. Set an amount on what you can only afford to lose. There's no assurance that you'll earn huge profit when you turn all your money into bitcoin due to its volatility and it keeps on fluctuating.
Yes, of course it is very risky if you invest all your money into bitcoin, we all already know that bitcoin prices are unstable, always down and up, the risk you might receive is when bitcoin prices go down and not rise again, If this happens then the money you buy for bitcoin will be lost...
All your money ? are you serious ? are you drowned in the idea of earning profit without thinking the possible outcomes ? just add money on it and get profit or lose your money don't take the risk to win or lose.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt.It's best if you can diversify and so putting all your eggs in one basket doesn't make business sense and you might end up regretting should things not go your way so in as much as i also believe in bitcoin's future i think you shouldn't just turn all your money into bitcoin but you can spread them and turn a portion of it instead.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt. 
Bitcoin has moved very fast. In case of any regulation or any fraud this currency price will move down very fast. Jump to: