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Topic: is it risky to turn all my money to bitcoins? - page 6. (Read 37346 times)

sr. member
Activity: 1250
Merit: 295
Palestine
of corse even making your whole on banks is a little bit risky everything on internet can disapear cash is the best option or maybe buy something who has a real value like a home or a car
sr. member
Activity: 868
Merit: 266
Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.
Before investing into any type of investment, i suggest to just learn how to analyze the investment that you are going into because in that way you can easily find the best entry for the investment and you will have lesser amount of things to think if you know how to play with the market or to the investment of yours, so better study first before thinking about putting any of your money whether it is all in or not.
There are other good investments apart from the cryptocurrency world so instead of investing all of your funds into cryptos, research well and find some other avenues where you can invest your money.
newbie
Activity: 79
Merit: 0
Yes it is, you may have heard about bitcoin is banned some countries, bitcoin’s value can be going down significantly in this situation. If you are a crypto enthusiast, you already know that bitcoin’s value is going down these days. So, there is a risky when we turn all money to bitcoin because of the bitcoin's value is changing every time.
newbie
Activity: 24
Merit: 0
Yeah investing all money into bitcoin is very high risk, because bitcoin manipulations happens due to media, government and whales who hold huge btcs can cause too much volatility in bitcoin price.
member
Activity: 206
Merit: 10
yes it must be a risk because bitcoin itself has a high enough risk and if you put all your money and converted into bitcoin is very risky, because we do not know how bitcoin state in the coming years, if your money is placed in the bank of course. safe because the institutions guaranteed and guaranteed by the interim government if kept in bitcoin there is nothing that can be maintained if there is a risk to be borne alone.
full member
Activity: 308
Merit: 100
I think it is very risk now.Bitcoin has increased to 8400 dollars and it is a good thing of course.But it started to come to a deadlock and we don't know that whether Bitcoin will continue to rise or not when this period is finished.
hero member
Activity: 994
Merit: 544
yes it is 100 percent risk to convert change all money to bitcoin invest only amount what u can afford to lose

I agree with you.  Because we are talking here about your all whole money.  But I remember having read an article wherein he sold all his possession and buy bitcoin.  Now he is super rich.  But that was before when bitcoin price is not that expensive.  Every investment is risky, so might to plan it very well.
newbie
Activity: 36
Merit: 0
I think the answer to the original post is pretty obvious: definitely risky!

There are tons of stories about people who did this before Bitcoin went more "mainstream" in the Fall, but at this point, my personal opinion is that it's just too volatile right now, and too much attention is being paid to altcoins. Well, not TOO MUCH, but enough that it's taking away from the growth of Bitcoin.

Again, just my opinion...
newbie
Activity: 154
Merit: 0
yes it is 100 percent risk to convert change all money to bitcoin invest only amount what u can afford to lose
newbie
Activity: 98
Merit: 0
If you are putting all of your life on something which is not really solid yet. Bitcoin is indeed a worthy investment,  but to put all your money in it then you must really be crazy. Dealing with bitcoin needs a lot of research and learning,  it is not just lile you will invest something then will reap the gains the next day. It is still very volatile and a very risky investment.
newbie
Activity: 98
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Investing in bitcoins is risky. I don't mind if you invest all your money in bitcoins.
The price of bitcoin is now volatile. In the past month, the price of bitcoin has dropped from $20,000 to $8,000.
If you fail to invest, you will lose a lot of money. You can invest some of your money in bitcoins.
full member
Activity: 391
Merit: 100
Yes it is risky, and obviously, isn't wise either. As we all know, Bitcoin is volatile and also facing a major dump of value. Turning all your money would be like betting, since you'll never know whether if it'll lead to good or bad results. So never risk all of it, try just turning a certain amount. Educate yourself more so you'll avoid doing risky actions that could lead to your dismay and loss of profit.
member
Activity: 266
Merit: 10
Of course there are risks. Wouldn't it be much less if bitcoin fell to the beginning of 2017? In any case, don't invest all your assets in a project, and have a safe haven strategy.

newbie
Activity: 4
Merit: 0
I think its not a good move to turn all your money into Bitcoin.
hero member
Activity: 2590
Merit: 644
Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.
Before investing into any type of investment, i suggest to just learn how to analyze the investment that you are going into because in that way you can easily find the best entry for the investment and you will have lesser amount of things to think if you know how to play with the market or to the investment of yours, so better study first before thinking about putting any of your money whether it is all in or not.
legendary
Activity: 1974
Merit: 2124
yes it is very risky to turn all your money to bitcoins. no one can really predict the future of bitcoin, we all just hope the prize rises so we make profit but no one can really tell what the future holds for bitcoin.so dont turn all your money to bitcoin  its too risky
Yeah, there's a too much of risk in converting all your money into bitcoins as the currency is too much volatile and recently it had experienced a drastic downfall. Although it is believed that dealing with it had always turned out to be quite a profitable one but converting all your money into it can also let you bear a heavy loss. So invest your money wisely after seeking the market conditions...
newbie
Activity: 203
Merit: 0
yes it is very risky to turn all your money to bitcoins. no one can really predict the future of bitcoin, we all just hope the prize rises so we make profit but no one can really tell what the future holds for bitcoin.so dont turn all your money to bitcoin  its too risky
member
Activity: 154
Merit: 10
Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.
RNC
newbie
Activity: 42
Merit: 0
Yeah  Cheesy

 "is it risky to turn all my money to bitcoins"

Sell the car too and soon that extra money from you're investment will earn you
enough money to buy a bran new sports car in red if you like.

How old is this thread now ?



 
full member
Activity: 658
Merit: 126
It is very risky to turn all your money into a bitcoin because it is very volatile. There's no assurance if you will gain profit and maybe your money will go to nothing. I suggest, invest your money that you can afford to lose and take some research before  you do it.
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