is it risky to turn all my money to bitcoins? - page 72.

Ronni

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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 very risky investing in bitcoin especially it is a virtual money. We all know that the value of bitcoin differs everytime, maybe it can go lower than the value that youve invested.
Also, there are some who are scammers, we cant give all our trust on a person who we really dont know, scammers are everywhere, so we need to be always aware.

Mystogan915

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Yes, its so risky to turn all your money into bitcoin. Why? Because bitcoin ia volatile and make sure you know what you are entering, you must understand the risk that you'll be taking. In the you will earn a low interest. It is better to risk all your money to bitcoin than to save it in the bank.

spyerf

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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!

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.

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Quote from: Rebisco on December 20, 2017, 07:06:34 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!

Do not afraid to put all of your money in bitcoins. There is nothing to be afraid because bitcoin is full of potential. Bitcoin will give us good future if we will do bitcoin investment.

Many people always say that based on the current market trend and demand, we can predict the price of bitcoin will continue to rise in the future, investing all the money will be no risk but that is just their prediction based on the situation in the past until now, and what we are now saying is the future. We can not know the future, putting all in bitcoin still has certain dangers, so we should be careful and not put all the money into bitcoin, that will help us reduce the risk when we fall into bad situations.

cutecute

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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 I think it is not risky to turn all your money to bitcoins. You can turn all your money to bitcoin but some store are not accepting bitcoin for payment. There are some online shop that accepting bitcoin because they want to have a single account on it because they know that by using this bitcoin they can earn more money.

Rebisco

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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!

Do not afraid to put all of your money in bitcoins. There is nothing to be afraid because bitcoin is full of potential. Bitcoin will give us good future if we will do bitcoin investment.

Transformbitz

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If you don't know blockchain and its purpose then your money is at risk. Our future will tells us in your own decision we can't hide it but we can be a game changer someday. people love bitcoin coz its best heaven asset. so right now I will recommend no. don't turn all your money into bitcoin. maybe 50-70% of your capital and invest it to altcoins if you want to gain more.

sudzee2196

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Converting all ur money into btc wont be a good option.... we know that the prices are rising day by day but still u need to keep some of ur money...u can convert some of the amount..but not whole!!

Superturacoin

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A big YES, it is too risky to turn all your money to bitcoins it is because we really dont know the value of the bitcoin. Everybody wants a good profit make it sure your money will grow.

quocsi

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I think you should not spend your entire capital on bitcoin. You should spend some money to invest in bitcoin. The value of bitcoin is really unstable. Many say that at some point its value will decrease. High risk.

R21

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I think at present situation of bitcoin it's value growing so fast, so if you invest here about your 50-60% money then you can earn very good profit. i think no risk for your 50% money because day by day bitcoin bitcoin demand rising so high!

newgal2017

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I think that yes, it is indeed a risky decision to turn all of your money to bitcoins. In making an investment it is not necessary to risk all of your possessions but, to take a portion of it to make profit, to let it grow. We all should assumed that the fact that bitcoin is under this digital world, which can grow in an instant, it can also fall and vanish promptly. You should risk what you are willing to lose.

paulGems

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In my own opinion, that's a very bad investment strategy. Don't put all your eggs in one basket. Better by far to diversify your investments so that if one fails the other will succeed.

raihan09

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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's risky. Because of the price of bitcoin is increasing & decreasing so fast.

Mr.grin

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I think, bitcoin prices will still go up next year. even that will make many countries accept bitcoin as an investment tool, and online transactions. the price will be higher, and many people will support this. but that's just my thinking, all risk is your own responsibility.

Azzhan

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This is clearly unreasonable, and if bitcoin surges, then your assets will also increase, so if bitcoin starts to fall? There will be a substantial reduction in your assets.

Mersterious

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Yes because if the value of bitcoin is low you money is low of the value is increasing your money is high it is very risky

merlyn22

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all kinds of investment are risky. if you plan to exchange your money into bitcoin what about your daily needs. i suggest not to invest all of your money in bitcoins. spare only 1/8 or 1/4 for the long time investment and keep the profit.

amilla041184

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If you can tolerate the risk of losing everything you have now in case misfortune slaps, then go convert all your money to BTC and start praying for good to happen.

Hippos4ever

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history of BTC price says no, but investment mindset should say yes. Invest no more than your willing to lose man. In time or cash.

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