is it risky to turn all my money to bitcoins? - page 69.

daringdiscovered

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Quote from: dantheman666 on December 21, 2017, 07:20:10 PM

Its a bad idea to turn all your money into bitcoin. The fact that bitcoin is not accepted widely you will have a hard time where to spend or buy for your needs. I think what you should do is save some of your money and turn the rest into bitcoin.

I don't think so, i know that bitcoin is not a currency where you could spend it anywhere you wanted. But, you could convert it into fiat so that you could use it and have big profits in the long run also. Investing your money in bitcoin is not a bad idea after all.

dantheman666

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Its a bad idea to turn all your money into bitcoin. The fact that bitcoin is not accepted widely you will have a hard time where to spend or buy for your needs. I think what you should do is save some of your money and turn the rest into bitcoin.

blackpete

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NO It is not risky to turn all money to bitcoin. Because bitcoin is on kinds of money. It is digital currency. I think bitcoin is more safe than money. Every day bitcoin price is increasing but money price is not increasing. So I think you should convert your all money to bitcoin. If you convert your all money to bitcoin then you will receive a great profit in far future. And bitcoin is safe. There is no risk in bitcoin. So i highly recommend you to convert all money into bitcoin. Thank You. Wink

Noilee

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Its not risky, because bitcoin is still increasing and great value, especially in terms of investment. When the price is good you can earn good profit . And its no risky because bitcoin is already an international currency and many uses. Its based on you if you think that is a risky. Its not risky to turn all your money to bitcoins, because bitcoin is most trusted currency and best in investment. Even if we don't know what may happen but we still believe that bitcoin will become legal soon in all countries.

Pulsarin

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Yes, this is a very big risk. If you decide to invest your money in the crypto currency, then you should not stop your attention on only one of them. Be sure to consider other options for investing your funds.
There are a lot of good altcoins. Be sure to study this question.

Yur

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Without a doubt, turning ALL your money into Bitcoin can be risky. It is prevalent how the value of Bitcoin can be unpredictable and is constantly fluctuating. Given that scenario, you should be ready with all the possible consequences that is bound to happen due to your actions. It can come to a point where you win some, you lose some or have it all gone so be very smart before converting your money. A part of your money converted will do for sure.

qwertyuiop0987654321

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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!

Of course it is. It is very risky I think. Just thinking about the fact thst Bitcoin is not yet legalized and you don't know whether it'll end or not. It is like you're gambling your everything. Thou must not turn all your money to bitcoin for your own sake and safety.

kiddeon123

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yes I think its risky because we cannot predict what will happen in the future. It is a gamble if you put all your money in it. What I suggest for you to do instead of investing it all to bitcoin is just make a business that will genarate a steady income then just invest a small part of it to bitcoin. In that way it will still be a win win situation.

Skieleton

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Yes. We are not sure how BTC will behave. I would not do it. Too risk of losing all savings.

Jose21

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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 is risky. The price of the bitcoin is flunctuating , it means that it rises and drops its price . Why would you convert all your money ? Just try it maybe in a not very large amount and when you earn mor, try making it larger and larger until you get what your goal is.

uDwcHYO

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against the background of the current price drop, the price at the time of the creation of the topic was lower than now

Cesas

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It's a big risk! The market of bitcoin is a market that can suffer ups and downs and you could find yourself without money.
I Think it's better that you invest only a small part of your money.
If you are Lucky your Investments could grow rapidly

hurremshaikh295

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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 don't think it is risky, the problem I find here is that without being able to use the money until BTC hits a better price than the one bought.

pingrabazar01

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Every business has a ups and down , its true. Some business are highly establish like Bitcoin, in this sector investor can turn their all money to bitcoin in investors own risk.

Tamim121

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It is very risky to turn all your money to bitcoin. Because the crypto market is volatile. If the price of bitcoin decrease then you don't get profit and lose more of your investment.

nick_nick

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Quote from: nesty on October 05, 2017, 06:07:49 AM

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 very risky as an invetor do not put all eggs in one basket because the crypto market is volatile if bitcoin decreases you might loose more of your investment but if you know how to play the game of trading you can tolerate the risks you will encounter.

very well said. To put all your eggs in one basket as an investor may be disastrous. Turning all money to bitcoins can result in huge lost if the price depreciates continuously, however it would be safer allow some money to sit in the bank eventhough has no low interest rate

Getbdnews

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There is no business without risk, If any one can turn all his money into Bitcoin its his own risk. But i can say Bitcoin is a platform of highly profitable.

FLoving

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Quote from: zdrmay on December 19, 2017, 04:09:42 PM

Of course it's risky to transfer all the money into bitcoin. The risk is always there. It is better to invest a part, so it will be safer. It's a very volatile market so you need to learn about it if you don't want to loose your money. If you invest all your money in the bitcoin the risks you will face become bigger and I do not think it's a good idea. Undecided

Obviously, the price of Bitcoin is increasing. So there is no risk if you invest all your money in Bitcoin. In my opinion when you save your money in bank it will involve the taxes and fees. Also the basic value of your money is going down if you keep you money in banks for long time period. In case of you invest in Bitcoin, your currency value will increases as the price of Bitcoin is increases. Any time you feel need of money you can sell your Bitcoin at high cost and get profit.

Blue Bell

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Quote from: spyerf on December 20, 2017, 08:37:59 AM

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!

Investing in bitcoins is very risky, given the unstable bitcoin prices. You have to leave half of your money to avoid bankruptcy. do not we just see in terms of profit only. But the risk of loss must be calculated. Because acts that are too daring without calculation are careless actions that only result in loss.

Well first of all the question is why would use all you money in investment I think it’s not a good idea to do so that’s why I’m telling to every one before going to join bitcoin understand bitcoin first if you will invest you little amount of money here so it will give you a very good profit and your money can be double so no need to invest all of your money and even rich people are using all their money to invest so only little of your investment can give you a very good profit.

darkywis

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Its a very risky move. We know that bitcoin can give as profit but who know when it will end. Just invest on what you can afford to lose mate.

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