Topic: is it risky to turn all my money to bitcoins? - page 56. (Read 37346 times)
No u should absolutely do it haha
Yeah it's risky because of price fluctuation
Yes for me. You can't invest all your money in bitcoin. It can be a loose investment. You can invest in different crypto like bitcoin. It will be less risk .
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 because we are still in doubt about its long term existence and besides that most of the countries did not accept bitcoins yet.
Investing all your money will be very risky. Bitcoin is volatile and you could lose everything. I suggest you try it with small portion first especially if you're still new in crypto world. And also, don't just invest on bitcoin coz there are lots of coins with high potential of growth.
yes, it,s risky to turn all my money to bitcoin, or a portion of you money can be turned into Bitcoin, is the Bitcoin is good for investment in the long term but if we do not know how to manage the system?
You should never do that. The risk that you are facing with your money in your bank is minimum, while investing in bitcoin is a high risk investment (so the probability to lose your savings is very high). If you want to invest in crypto (and that´s great because the profit is awesome) you should try to invest in many coins (it could be the main coins) to minimize the risk.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes, I think it's very risky if you change all your money in bitcoin, because it will have a negative impact on your personal life, you should always see bitcoin prices know that bitcoin is not always stable and can change at any time if you want to invest in bitcoin try a little bit until you understand how to manage bitcoin. is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
of course it is.
investing with bitcoin is very profitable but it will never be advisable to turn all your money into it.
bitcoin's price is still very volatile and no one really knows what could happen the next day.
therefore it will always be better to leave some of your fiat for emergency purposes.
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although one day i dream of living in a world where cryptocurrency is the main means of transaction.
but as of now we are still far from it yet.
no it is not a risky ob to convert all your money to the bitcoin there are simple steps to follow thats it you ust need to create a supperate bitcoin wallet before converting your whole money to the bitcoin
It's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.
Yah I agree. Investing big amount in bitcoin is a good move as it has made a lot of people richer and has a good future in the stock market. However, it is not advisable to put all your money in just one type of investment. Remember that there is always risk in everything. Having some tangible investment like real property will also give you a good return.
Is risky if we put all the money on one type of investment, especially on bitcoins that cost very volatile even in a day can go down to $ 1000 per btc.
It depends on the knowledge of the person regarding on Bitcoin. If you have a vast knowledge regarding Bitcoins, the in and out, yes you can invest all of your money to Bitcoins. But, if you are a first timer and want to invest everything in Bitcoin, it is highly risky especially on a scam and uncontrolled situation like the value of Bitcoin goes downward spiral or the Bitcoin company you are related closes then do not invest.
There are lot of option to invest in. Your investments are not always successful so better scatter it from different option. Bitcoin is not only option, there are lot of altcoin that offers good profit. You can also enter stock market or even business
There is no risk at all buddy. Do not bring fear to the people. If they love bitcoin, just let them buy it. As a veteran investor, I can say that ivnesting in bitcoin is totally safe. it is not wrong when you invest your money into the future. Nothing can stop the future, right? Therefore, the price of bitcoin will continue to go up and up and up and up. And you can x2 your capital in the next year or even x3. In the next 5 years, maybe you will x20 your balance by using bitcoin
It's extremely risky. Personally I would take that chance, but that's because I already know what it's like to lose it all. Very risky non the less and I wouldn't advice it for regular people. And if you do put it all, don't start doing stupid things like day trading. You put it in to hold.
I think the answer is pretty clear already, but yes ofcourse it's risky. I mean comparing to assets they go up and down sooo much harder.
Definitely risky but everything in this world is a risk. I recommend that you invest the money that you can lose otherwise the uncertainty will eat you.
Yes. That's why no one involved with Bitcoin will tell you to put all of your money into it. That being said you wouldn't put all of your money in one stock or investment also most of us are not financial advisers. You really need to do your own research and come to your own conclusions here.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is indeed risky, very risky. What if you end up being scammed or your wallet being hacked. Spare money can be used for investing but not "all" of your money. That sustains your daily and monthly needs. So please don't risk everything for Bitcoin.
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