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Topic: is it risky to turn all my money to bitcoins? - page 67. (Read 37346 times)

member
Activity: 294
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is risky to turn all your money to bitcoin. As we know bitcoin price is still not stable, it is still goes ups and down and many things will still can happen which we cannot predict. It is still better to have money in the bank which its value still the same. Just put some of your money a amount you can carry to accept if ever it turn out not good. Before you act think not once but many times. You should be wise and understand it first. Goodluck 😊😊
jr. member
Activity: 97
Merit: 2
Since whatever happens in the future can never be predicted, there shouldn't be any harm in spreading out your investment to be safer.
member
Activity: 95
Merit: 10
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

why you need to turn all money for bitcoin ? fast way to be rich?

No you must think wisely and will find your risk option
newbie
Activity: 7
Merit: 0
At the moment bitcoin itself is risky. This is because money is still the principal currency many people use. A smart move would be converting only a certain amount.
full member
Activity: 1218
Merit: 105
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its risky to to invest all your money on bitcoin we know that bitcoin price is not stable if you want to invest bitcoin not all your money invest what only you can afford. Its okay if you will be invest only in a short term not so long or if you see that you have profit convert it. Then once bitcoin goes down buy again.
You're asking a question that you definitely know the answer at the first place. Cheesy You know every investment is a risk either its bitcoin or other kinds of investment. Cheesy

hero member
Activity: 910
Merit: 507
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its risky to to invest all your money on bitcoin we know that bitcoin price is not stable if you want to invest bitcoin not all your money invest what only you can afford. Its okay if you will be invest only in a short term not so long or if you see that you have profit convert it. Then once bitcoin goes down buy again.
member
Activity: 336
Merit: 15
“Revolutionising Marketing and Loyalty”
it is very very stupid to put all of your money to one investment tool. On your side i would devide your investment bank in several parts. 50% i always keep in BTC (to buy cheap alts during the dumps), 25% in USD (or USDT), to buy BTC , when it goes down and 25% hodl in top altcoins (look at coinmarketcup)
hero member
Activity: 700
Merit: 500
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!


If your money sits in the bank and do nothing for example "trading or investment". It's obviously very risky, but extremely effective if done right.
While you don't need a financial planning in order to trading or investing in bitcoin. But this strategy is very effective and productive.
I i do not think that if a person money is in bank it can be risky, because his money is not involve in any kind of investment or trading therefore there is no risk of losing his money, although from trading we can increasing the amount of our money but still chances are always there to lose your invested money, therefore i think every kind of trading or investment can be consider as risky.
member
Activity: 238
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Of course its risky. You see what happen yesterday. So depending on when you buyed your btc you can loose alot of money! Just invest money you can loose.
full member
Activity: 616
Merit: 100
yes, the risk is high. you should never put all the eggs in one basket.
https://bitcointalk.org/index.php?action=profile

That's right, this risk is very high and can make you become stressed because of it Wink
full member
Activity: 546
Merit: 100
Yes definitely risky to turn all your money to bitcoin. You see, bitcoin's price is very unpredictable... Very volatile. Even it reaches the highest price, it can also crash. Think first before you decide. Having a big profit is not instant, you should be wise, strategic and patient.
Yes i agree, its good strategy that we should not put all the trust on a thing like bitcoin even if how good its reputation at the present. We should consider any risk assessment if sudden unwanted situation comes and i think to prevent that happen we must not put all our money unto it, try and look other type of investment.
member
Activity: 308
Merit: 12
Yes definitely risky to turn all your money to bitcoin. You see, bitcoin's price is very unpredictable... Very volatile. Even it reaches the highest price, it can also crash. Think first before you decide. Having a big profit is not instant, you should be wise, strategic and patient.
sr. member
Activity: 532
Merit: 255
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!


If your money sits in the bank and do nothing for example "trading or investment". It's obviously very risky, but extremely effective if done right.
While you don't need a financial planning in order to trading or investing in bitcoin. But this strategy is very effective and productive.
jr. member
Activity: 182
Merit: 8
NTOK: Tokenize Your Talents
Bitcoin is an investment thus ascertaining bitcoin also as risky. Investment has inherent risk. The fact that you will study about bitcoin, research, then result will reduce the risk or may be eliminated.
member
Activity: 154
Merit: 20
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it is not risky to turn all your money to bitcoin.Because in bitcoin your momey is so secure and it is so sure that ypur money will grow bigger and bigger and your investment will not be put in vain. It is nice investing in bitcoin.

No ,  i think in the case of just bitcoin i think yes it is very risky but  it is risky, if you are really interested to turn all your cash in Bitcoin then turn half of your amount to Bitcoin. So that if some disaster occurs it should not harm your life. i would like to try my luck in bitcoin cash because i think right now bitcoin cash will boom because of it low transaction fee and high speed.
full member
Activity: 546
Merit: 100
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Yes it is very risky to turn your hard-core money in bitcoin. Because bitcoin price is voletile and pump or dump any time. You  just start with small investment and wait for price dump or you can invest in alt coins rather than bitcoins.

Investing money in bitcoin is risky so don't put all your money on it , but if you want to hold your bitcoin in long term its ok because for sure you will get a good profit.
member
Activity: 378
Merit: 10
Yes it is very risky to turn your hard-core money in bitcoin. Because bitcoin price is voletile and pump or dump any time. You  just start with small investment and wait for price dump or you can invest in alt coins rather than bitcoins.
member
Activity: 434
Merit: 18
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is risky to turn all your money to bitcoin. The trend is unpredictable and there is no guarantee that bitcoin will raise its value. It depends on your timing as well. If you convert bitcoin at a lower price then its a good investment but when you convert to bitcoin at a higher price it you need to wait for its value to increase again and it might take sometimet. Its value will increase after a few months. Do what you think whats best for you sir.
member
Activity: 322
Merit: 10
homt.net
I think it is risky to turn all money to bitcoin.It will be wise if we use our real money for another kind of business. When we manage our business,we also can join bitcoin at the same time. Bitcoin will not disturb our business. Now, I have business in selling clothes but I also can do bitcoin in my spare time. We can advantages from both of them if we are smart in managing time.
member
Activity: 110
Merit: 10
It is very risky. Don't under estimate the problems and pressures bitcoin has. The majority of people with money invested are influenced by the media and they will jump when needed.

Another large bunch of people are whales and they can really influence the market.

I'm moving more and more towards diversifying my portfolio with a few alts. Definitely needed to minimise risk.
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