is it risky to turn all my money to bitcoins? - page 78.

redhondaxrm125

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Quote from: jonval21 on December 13, 2017, 08:19:53 PM

I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%, increase of bitcoin price 2000% so imagine the huge differences.

Wow, that is really scary. If you ask me, if i was in your shoes, i would probably be doing the same. Since it is logical judging by the happenings in your place. Thank god for bitcoin. Because there really is no other choice. No other way to protect your assets. But nevertheless, putting all your money into bitcoin is still a pretty bad thing to do. Bitcoins aren't that easy to use or spend for daily needs. Leaving a good amount of cash at hand is more logical to do if you had to protect all your money by investing into Bitcoins.

tegarp90

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that's too risky to put all your money/assets in real life to bitcoins because we don't know what will happened next, just use "fresh" money for bitcoin which is if this "fresh" money gone, you had nothing to worried

Shrinath

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It's not just risky but also not a wise thing to do.
The wisest thing would be to have a diversified portfolio.
Invest your money in various different coins or businesses.
If you lose in one you can cover the losses from other coins or businesses.

soenaderecho10

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Quote from: jonval21 on December 13, 2017, 08:19:53 PM

I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%, increase of bitcoin price 2000% so imagine the huge differences.

For me that is not good if your all money turn become bitcoin because we dont know if bitcoin continue rising up so keep your other money the 10% of that you put in bitcoin because you can get a profit dont be hurry of your money going up keep slowly and surely.

jonval21

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I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%, increase of bitcoin price 2000% so imagine the huge differences.

pratik._.

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It's always risky if you invest all your money on any one investment and Bitcoin is unpredictable there could either be a great price drop or a great hike so investing all your money is too risky

Rascar Capac

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Actually all things in a house is always risky. No need to do this i think though is has a bright future. It may hack then you will lose every investment. Good and bad people in everywhere. So you can invest a risk free amount that you can bear.

miyong

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I think it is but theres a greater chance of earning more but with a great risk as well. For me, it is better to divide your money and invest it in different aspects.

criptoman83

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the higher profit you expect from the investment, so it is more risky. On your side i wouldn't put all your money just in bitcoin.Yes,that's good idea to have 40-50% of your portfolio in BTC, but save other 50% in altcoins. I believe that next year will be the year of alts and top coins will go up rapidly. Don't miss a chance!

thet

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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!

If you want to take the risk, then do it. If you want to earn a lot then do it but be ready with the risk that you can get some loss also in trading.

daarul50

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Every decision must have risks that follow depending on each of us, are we ready to bear the risk in the future? In bitcoin investments, we all already know that the risks are very high compared to other investments because the price movement (fluctuation) bitcoin is so active that the risk is very high. But, if we are ready with all the risks then there is nothing to worry about if we want to turn all our money into bitcoins.

meebs

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It's a foolishness to turn down all your money at a single place either in real world or in digital world and investing all money only in bitcoins is surely a huge risk as none of us know what is the future of bitcoins and if we put all money into it and if price drops massively then it can give us huge loss on our investments.

CryptOliver

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yes risky because if it becomes a decrease in auto bitcoin your money will decrease the price, not the amount is reduced but the price of the bitcoin we have. but if the price of this bitcoin rises, of course we get a profit, well this is where the benefits that we can.

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!

In my perspective it is risky to turn all your money in bitcoin because you do not know what will happen next, ut will rise or fall. But everyone should take the eisk for thwm to earn a lot. If you don't take ut nothing happens on you and you can't learn something new about business.

The Monkey King

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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, to stay safe don't turn it all in bitcoin. You need to divide it in your savings and to invest in bitcoin. Taking the risk is a part of a business so that we can learn from it. Every mistake has a lesson so if erver that bitcoin fails there is a another time dor you to be a successful.

AllGoodNamesAreTaken

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If you can stomach having all your money in a single asset... I probably could not.

BAGOBO

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I think it's not a big deal to convert all your money into Bitcoin. if you play Bitcoin for a long time but do not invest Bitcoin I think that is the biggest mistake because Bitcoin investing is very profitable. look at me yesterday when Bitcoin touched $ 16 000 Bitcoin does not take a long time to make the highest price again

Sean25pogi

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It absolutely risk if you turn all your money to bitcoin why? Because isn't subjects include to the law of the government that bitcoin is secure to be hold. So possible that all your money get loss if you don't have duties and responsibility to secure your money on all the risky situation. And always think before you enter into the not sure or secure situation if it is good or bad to our side.

birra guzez

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It is definitely a risky move because despite bitcoin being on the rise and it's really coming close to the moon a bit closer every day , the chance of it dropping down or falling to practically nothing at all still exists because like bitcoin came and did a revolution , something else could come up and be more crazy and innovative than bitcoin's concept and just get all the people ! And if that happens you'll find yourself in the streets so don't do it .

Hannibalis

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I think bitcoin is over evaluated now and the price risks to decrease anytime. If you plan to hold for long term, even if the price decreases soon it will rise again later.
But, i don't advise you to invest all your money in whatever, you can invest just a part of it.

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