is it risky to turn all my money to bitcoins? - page 68.

sirkings0003

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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 really risky dear. Don't misunderstand me, bitcoin investment is a very good investment and it is encouraged that everyone does invest. But is natural that you cannot put all your ends in one basket.
You can share your investment out to other cryptocurrencies.

Raven91

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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!

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.

genology

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Yes because it will only depend on BTC whether you'll earn or not. My advice is to diversify. Put your money into different cryptocurrencies and investments for it to be safe. Whenever one investment goes down, you have other investments to back it up.

Icey47

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At this point, the risk as very very high you might want to think about diversifying your holdings as suggested in the previous post.

kalph22

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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!

I think it's better to split your real money than investing it all. You should have real money not all crypto, Because in crypto there were some risk that your wallet may have hack by hackers, and all your invested money will lose that you will never get back. So best split it up, you can split 50/50, 50% in banks and 50% in Bitcoin or any cryptocurrency that you may find a good investment too.

aakriti

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It is risky to turn all money into BTC. At this time it a bubble in crypto market if blasts all crypto currency including BTC may dip your money.

Clos Belmont ICO

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To me it's better to live some part of monet in fiat, just in case

Gen iUs

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Patience is virtue

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!

Yes It's very risky to turn all your money to bitcoins,, because BTC prize is not stable and sometimes is going down. You can turn your money to bitcoin but not all.
You will regret after losing your all money,, Just keep earning BTC to earn money.

megalith07

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Do contribute some of your cash not the greater part of your cash BTC isn't steady regarding worth and lawfulness there are chatter that BTC will end up noticeably restricted in numerous nation going for broke will lost the majority of your cash and furthermore destroyed your life for eternity.

millgates

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Quote from: Azzhan on December 22, 2017, 03:49:54 AM

Not only risk, and the risk is very big, like this for a few days, the currency has fallen thirty percent, if all of your investment currency, so it's hard to fall asleep these days.

Correct, bitcoin can provide high profit but also high risk. Turn all your money to bitcoin is not recommend. Don't do that because you will get the bigger psichological attack when the price of bitcoin is fall.

Azzhan

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Not only risk, and the risk is very big, like this for a few days, the currency has fallen thirty percent, if all of your investment currency, so it's hard to fall asleep these days.

Crypto_Ale

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I can suggest you what I did.
50% in bitcoin.
30% in "top 10" altcoins.
20% in penny coins (better: coins below 0,01$)

Point 1 and 2 are simple,for point 3 is required a little skill to find something you think is promising.

Final: I don't know whay you can think about,but I decided to invest not more than 50% of my money.

For example.....assume that you decided..uhm...yesterday for an "all in"....Not so good.

migolmigol

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Of course. Bitcoin trading and investment is not for everyone. The price of Bitcoin is very volatile and you need to know that anytime the price could go dramatically high or have a big drop. Besides, no investment is risky free. Investment always have risks and it is up to the investor on how they can manage and minimize the risk. And another thing, no one should actually turn all their money into any investment. You should only invest the one you can afford to loose.

Samj16

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Yes, I can say that it is risky because we can never can tell when there will be an inflation and deflation in economy. Just put an amount that you can afford to lose. Save some money for your other personal needs.

haster100

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It's risky to turn all your money into NOTHING. Perhaps eliminate 25% of your investment for BTC and buy it from time to time with your spare changes ..

chickenfried12

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there seems to be a great deal of trouble at the market rightly frankly if you take the risk of all your money and you want to go back again Bitcoin seems to want to return again But if you want to wait a bit because the day has lost value to the sum 18 000 dollars now 13000 dollars, If you log in your money will become increasingly depreciated My opinion

Qwantoom

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Yes. It's better to buy a good amount then patiently hold than buy all with your money then sell every portion when it spikes.

Gondwanaland

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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!

Yes it risky but you need to take the risk because as you say if you dont turn it your money will sits on the bank abd do for nothing. Take the risk atleast at the wbd if the day you will earn and it can make you money bigger. If you tke the risk you are responsible enough to manage it to make your bitcoin becone successful.

appiivenkii

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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!

Not only in Bitcoins...any sort of investment if u go all in u r in a deep trouble...never ever go all in on any single sort of investment
weather it is bitcoin or any other financial instrument ...

dotts

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Investing all your money into a particular coin such as BTC is a very risky business because what if the BTC price fall down like what happened today and you bought it from a high value. For me the best way is 50/50 invest 50% of your into BTC and the other 50% to altcoins if you do this I'm pretty sure that you will enjoy while you trade.

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