is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some. 
Topic: is it risky to turn all my money to bitcoins? - page 60. (Read 37346 times)
Yes,,,, perhaps the 40 percent of your money put in into bitcoin, the 20 percent for saving on the bank, the other are for daily expense and for emergency purposes......
You see I think you can't just withdraw your money on your bitcoin.... When you needed them everything...
You see I think you can't just withdraw your money on your bitcoin.... When you needed them everything...
Yes honestly for me it would be risky, first you wouldn't have the money on hand what if emergencies happen? Next what if the wallet you are Hiding your btc gets hacked and some establishments and sellers don't accept btc as a payment
I think it's very risky if you turn all your money into bitcoin, but it all depends on your beliefs and intelligence in seeing opportunities. when your money in the bank in my opinion is not at risk but also does not generate huge profits far different from bitcoin that can give big profits but also have big risks. suggestion suggest change some of your money into bitcoin to start if you want to try but not everything. hope we all succeed with bitcoin.
That's right, high risk, high profit. If unsure and not experienced with bitcoin, do not use all the money you have to buy bitcoin. Always prepare another plan if you lose money while investing with bitcoin. I think this is not only true when investing with bitcoin, but also all things.
I think it's very risky if you turn all your money into bitcoin, but it all depends on your beliefs and intelligence in seeing opportunities. when your money in the bank in my opinion is not at risk but also does not generate huge profits far different from bitcoin that can give big profits but also have big risks. suggestion suggest change some of your money into bitcoin to start if you want to try but not everything. hope we all succeed with bitcoin.
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
Bitcoin is unstable in nature. We don't know that whether we will get huge profit or huge loss. So, we must invest that much amount of money that we can afford if we lose.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
[/quot For me,yes. it is very risky to turn all my money in bitcoin. you should have money in your hands so that in case of emergency there is something left in your pocket to use it anytime.
[/quot For me,yes. it is very risky to turn all my money in bitcoin. you should have money in your hands so that in case of emergency there is something left in your pocket to use it anytime.
Investing is all about probability, you can win over it or loss over it.
So, as to my opinion sacrificing all your money to bitcoin is not necessary at least have some for your own and family financial focus.
With a lil amount of it or half of your money will do, as long as you're all on you very best to play with it.
So, as to my opinion sacrificing all your money to bitcoin is not necessary at least have some for your own and family financial focus.
With a lil amount of it or half of your money will do, as long as you're all on you very best to play with it.
Keep in mind actually Bitcoin still has some of the same properties and rules as money in general. For example, there is a risk of losing when you save money. As we know, we must be careful in saving money. Never have money in bed or in any place because it is vulnerable to being stolen.
Also, do not be too easy to entrust your money to unfamiliar strangers, and always look for a credible place to save your money. All this applies also when you save Bitcoin. If you do not enable two-factor authentication and use strong passwords for your Bitcoin wallet account, you will be more vulnerable to moderate hackers.
Also, do not be too easy to entrust your money to unfamiliar strangers, and always look for a credible place to save your money. All this applies also when you save Bitcoin. If you do not enable two-factor authentication and use strong passwords for your Bitcoin wallet account, you will be more vulnerable to moderate hackers.
I think you should only convert your money if you have more to spare in case if your conversion ends up a loss or the bitcoin value suddenly goes down. No knows really when the market would crash or boost up, but one thing for sure, if you are certain you should do it, but on contrary it is better to convert your money into different trusted coins. It can be an Eth, bitcoin, ripple and etc, so that if one goes down, the other would rise up.
Investing always has a risk and investing all your money into something is riskier. Bitcoin really has a big chance of increasing its value but that won't justify for you to invest all your money into it. Better split it into different cryptocurrencies or invest on real-world business.
Yap, gold is another way to start invest on fiat. but gold have a same problem with bitcoin their price is not always going up and up, but they may going down some timesto invest you should can face with loss.
Yes, it is risky. You should do it only if you could afford to lose it if something should go wrong. So you may just turn to Bitcoins the money that you could afford to lose, not more.
Investing always has a risk and investing all your money into something is riskier. Bitcoin really has a big chance of increasing its value but that won't justify for you to invest all your money into it. Better split it into different cryptocurrencies or invest on real-world business.
I think it's risky if you invest all the money you have on bitcoin, because bitcoin has an unstable value, sometimes down and up unnoticed, if the price goes up, it could be a boon for you, but if the price goes down you will lose your money....
No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.
You are right. If you use everything you have for one asset then the risk will be greater. If something bad happens to the asset, then you will lose a lot of money, so it's better to divide the asset on some items, if in cryptocurrency divide it into several coins. Although dare to take risks, must prepare Plan B for the future.
No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.
No doubt about it. Investing itself is a risk. What more if you invest in bitcoins. A hundred fold. We all know that bitcoin is very much precarious. It will never become stable even in the years to come. It is it's nature. And for you to turn all your money to bitcoin is a very bad thing to do. If you really want to invest in bitcoin do it intelligently. Invest only that portion of your money that you can willingly afford to lose. In that way when things didn't go too well, you can still held your head high with a smile in your face.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
To keep money in one asset is always risky. The part (maybe the big one), stored in bitokoyne, the rest is scattered over other investment assets and savings
Only invest money you afford to loss, don't take all your money to buy bitcoin or other cryptocurrency, this will protect you from possible loss of all funds in the market
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