is it risky to turn all my money to bitcoins? - page 58.

Periodik

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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 indeed risky if you have no more disposable fiat at hand right now. Can you find a market in your area that accepts Bitcoin as payment? How about gas stations? Can you have you car be gassed up using Bitcoins only? If the answer is no then it is not advisable for you to turn all your money into Bitcoins. But if you are referring to your savings only, I guess it is a different case. I would recommend that you turn around 80 percent of these idle savings in the banks into Bitcoins because the faster growth in value is here in crypto. But leave some of course in case of emergency.

Nfp

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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!

Investing to bitcoin is not too risky at all, it's profitable and reliable instead. But i don't want to invest all of my money to bitcoin, it's just a digital currency that is enabled through internet access, And internet connections are not available at all times and all places.

Jingjess

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The Pure Proof-of-Tansaction [POT]

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's too risky to turn all your money to bitcoin.For me,I will never do it,I will only invest a certain amount in bitcoin but not all my money.I should have money in my pocket so that anytime I need I have money to spend it.

Mrjitter

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Of course I'm sure that bitcoin is not particularly risky as other coins, but still would refrain from such actions, one always needs to have something in reserve for the last resort

kilwaXX

newbie

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never touch your daily money .

ivsprasad

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I feel you can if you have sufficient money for your day to day needs, as over a period Bitcoin will get appreciated anyway. Please keep eye on the price though.

Bar Beta

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Quote from: Keptone on January 05, 2018, 12:20:46 AM

No investment is 100% save dude, it is wise to split into 1/4 of your money into any investment, it sucks and disappoint if you put all eggs in a bowl

As far as I know bitcoin it’s not risky it’s very easy and safe to invest because many banks have accepted bitcoin and even billionaires and rich people are investing here and I know a lot of people who are using their real money to buy bitcoins I’m also investing here from last three years and bitcoin always give me a profit it’s one of the committed currency in market but it doesn’t mean to use all your money here your little investment is enough to get a good profit.

Tramle091296

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Its risky if you didnt use it wisely. Its always depends situation and decision making. If you want to convert your money to bitcoin try to convert it while it has a low value so that while you where holding it there's a big chance that raising it and your money will get a profit. That's a little tip if you want to turn your money in bitcoin.

criza

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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 the value of bitcoin is volatile and it is changing over time. Turning all your money to bitcoin is not a bad thing but before doing that, you should first take consideration with what's happening with bitcoin in the market. If there's a pump occuring, you should not hesitate anymore and turn all your money already but if there's a dump, wait for another pump.

letecia012

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Yes it is putting all your money in BTC or any crypto currency is a BIG BIG Risk specially if you are new in Crypto trading. You ear money in BTC because of Trading and if the price fall you will loss also. so there is no assurance that if you invest in BTC you will 100% gain profit there's always risk so be careful in investing

saedasda

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Yes it is because even if you earn bitcoin you will having a problem cashing out because maybe bank will freeze your account if that happens all your money will lost.

cetel

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really need to allocate finances to different altcoins and bitcoin. It will be balanced.

GoldMen

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if it is risky, it is preferable to have the money in the bank where it does nothing, than to invest it and then lose everything. I recommend that you start with small amounts and as you go generating investing more. It would be something intelligent

Chrisjay29

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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!

Will in my own opinion investing in digital currency is a risky.But if you talk about the bitcoin coin.... i think its get lesser risk because bitcoin many investor now are satisfy about bitcoin.Even feedback there lot of good you hear on this coin.So dont doubt investing bitcoin but for better and secured money dont make all your money just 70% -80% of your money.

deepakg2m

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Obviously! It will be very dangerous.Nowadays there are frequent fluctuations in the price of BITCOIN.So you should be very careful about how much you are investing.Iwould suggest you to invest only that which would not harm you if you lost that.

Ather_1020

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Yes its very risky to convert all your money to bitcoin and it is surely a stupid move. Its not necessary that bitcoin value will always go up, you never know. And there are chances of your wallet getting hacked if you keep all your bitcoins in one wallet. Just don't be greedy and play wisely. Cheers!

Sophia29

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One of the famous rules in trading is don't put all your money, trade money you only afford to loss, it is too risky if you put your investment in one trading instrument try diversifying your portfolio to more performing blue chips and choose newer but offering more promising project

Beroximos

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I think it is very risky invest everything you have to the cryptos. You can earn a lot of course but you can lose everything as same as get a big profit. If you are a big player, you can try it but I would risk 50% maximally.

cungtrongdung1

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Quote from: codpku on January 05, 2018, 06:27:48 AM

Very risky you have to separate them 50:50% so if you want need money immedietly you still have to cash it out, we never know what happen tommorow so we must prepare

Vietnam is the first government to ban trafficking and payment by btc and law enforcement in its own country, tightly controlling the money and I know that's why Vietnam is not. Developed when not integrated into the country.

cungtrongdung1

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Quote from: supercanada1 on January 05, 2018, 08:55:04 AM

Quote from: diegodos on December 30, 2017, 06:33:47 AM

Never keep all your eggs in one basket! Buy 5-10 altcoins, bitcoin, ether, dollar, Euro and your portfolio will always be growing.

You should think about it but mate don’t be late so that your all eggs will be rotten and you will not have any suitable basket to put your eggs in bitcoin, if you are trying to invest in bitcoin then it is good to invest but try to make sure you are trained enough to have bitcoin experience and you will earn good amount of profit just in very short time so I would like to say its goods to invest in bitcoin right now and not to sell your bitcoin at all.

everything is risky and your money is the same, if you want to grow it you need to invest, you want to be safe so send the bank and the bank is also risky you, why, Just because the bank only compensated 15,000 usd when you lose money Huh

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