Topic: is it risky to turn all my money to bitcoins? - page 63. (Read 37350 times)

Investing in bitcoin is beneficial because the price keeps rising, but beyond that bitcoin is also at risk of bitcoin values ​​can go down. I do not think it's a good idea to turn all your money into bitcoins.

If it is riksy ? Is insane dude if you ask me. You gonna cry so hard in the next coming months. I wonder , from where these ideas come into your mind man ?

That is is no question very stupid. No matter the potential, risking all for bitcoin isn't bravery but stupidity in its highest level. And anyone who does this will surely either be rich, or suffer having a whole lot more percentage on the negative part. Since after you have invested everything you have, you are not orepared for emergencies. Emergencies that you don't imagone can happen which may do happen. I could go on explaining but i think you get my point already judging by your rank.

I agree with you.  Putting all your money is not just risking your money but your self and future as well.  Though we cannot deny the fact that bitcoin is a great investment, it is still better to keep some of our money and just invest some to bitcoin.

Experts are saying that such decisions, invest all possible money and/or taking loans to invest in Bitcoin may lead to it's crush. There is no doubt that some of people who invested ALL will get the greatest profit ever, but there is a group that will not be able to take even those money that they invested. You simply can appear in this second group, but again, it is your own choice.

It's very risky, better take half your money to invest into bitcoin, the rest put in the bank even if it does not produce anything. Because if all your money you invest into bitcoin what you are ready if someday bitcoin price will return to $1

Yes. It is very risky to convert all your money into bitcoin. Just like any other business have theirs risks, bitcoin investment is even more risky because of its volatility. Just invest whatever you can afford to loose.

So risky, but i think you should try, if you trade or earn Bitcoin/ money from Bitcoin successful. Why not?

Bitcoin is an investment. Considering an investment, in nature it is inherent in risk. But putting your money, all of them will tend to a greater risk. The money, the higher the risk yet the higher the return. If you are 101% knowledgeable about bitcoin, then the risks may be eliminated or minimize to its maximum level.

It is very risky to change all your money into Bitcoin. Certainly the value of Bitcoin in 2018 will rise, it could be the value in 2018 will go down.

Definitely yes, it is so risky to turn all your money in bitcoin. You should have enough knowledge about btc and you should have a friends or any person that will guide you in terms of investing. It may be risky for you but having this traits? May lead you to a higher result of gain. But if you are not that informed enough, try to join in signature campaign you all need to do is to post.

I must say with such enthusiasm that it is very risky indeed to turn and convert
all your money and cash to bitcoins. Whats the entire point in doing so?
People have daily, weekly and monthly expenses wherein cash is required.
Investing in bitcoins is a good strategy no doubt, some might even agree with
a maximum investment will increase one's chances of bigger profits. But with
today's financial trends, the risks involved, expenses and economy, your better
off setting aside some money for emergency and personal stuff. That's just my
opinion though.

Yes it is so risky and impractical. If you want to hold Bitcoins make sure that you secure fiat. You must devide your money into different wallet so that if one fails you have back up. We must consider every situation to have our plan A, plan B or even plan C. It is so frustrating if all of your money crashes, no one wanted it to happen tho.

I think turning money into bitcoin is a high risk. but if you can control the risk, you will get higher results again, especially with your trading in the market you will be better in a way you want to get and in a short time.

Ofcourse
its risky for you if you dont study about it first or have experience in trading if you invest it in trading and you dont know do and don't in bitcoin mining

Of course it is risky. I assume that all the people in this post saying "you have to take the risk, without risk there is no win" and pushing this person to turn all the money in Bitcoins, has done the same... right?

I agree that if you don't take risks you will never (or almost never) win or improve. But I think it is as important taking risks as being wise. Turning all your money, means that next time you want to make a payment you will need to access to your Bitcoins right? In this moment is totally ok, because Bitcoin is in its never ending growing. But in some moment there is the possibility that all goes down or that you got hacked. What you will do then? Ok you can survive in lots of ways and restart your life from 0. If you have someone depending on you, is much more tricky, hard and difficult.

Also there is the possibility that never goes down and you succeed in your decision. In my opinion, if you want to take the risk, and you have assured incomes coming each month from other parts, and you don't have people depending on you, then yes turn all what you have right now into bitcoins. If this is not your situation, I would suggest that you invest part of your money, but not the whole. You can loose or you can win and succeed, but at least, I suppose you are going to sleep better at night.

Truly it is somewhat hazardous to turn all your cash to BTCs. BTC these days is steady and having high cost yet we can't foresee an ensured future for this digital currency, or at its cost. It will be utilized and exchanged for quite a long time without a doubt yet the cost is unpredictable it can going down whenever.

yes risky, spend 50-80% to buy bitcoin, not at all...

Yes it is very risky but before you do any investment in bitcoin you need to have a idea so that you are always ready in any possibility on what happens in your investment,that's why need to educate first before you invest in bitcoin so that you become careless in your decision,because in online world many scammers in the surroundings and taking risk is part of your success.

Well, there is nothing wrong in investing maximum amount into bitcoin or even whatever you have because bitcoin is the future currency of the world and the best ever investment of the world. As far as risk factor is concerned, then we should keep in mind that only those people have succeeded in lives who took big risks. For big moves and popularity, you need to take great risks and I am sure that bitcoin won’t put anyone in loss.