is it risky to turn all my money to bitcoins? - page 81.

gustaf.berg

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Quote from: SportsbookBettor on December 13, 2017, 06:24:40 AM

Quote from: Al Amin on December 13, 2017, 06:08:49 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!

Of course it would be risky for you if you invest all your money on bitcoin. I hope you do not do that, act wisely, because bitcoin prices keep changing no one is set, so invest your money partly. The rest you can invest in other things, in anticipation if you experience losses in bitcoin.

Any investment is risky and before you invest you must think and not afraid for the outcome especially in bitcoin where the price is always changing. Bitcoin price keep changing in the last few days and months and if you are weak in investing and will panic if the price goes down definitely you will lose all your money. If you wanna avoid this you must pick another altcoins too aside from bitcoin then spread it. So you will have your money spread across different investment.

Explained very well mate! Totally agreed. You should always divide your investment money into different instruments. Just imagine like storing your eggs. If you put all of them into one basket and if something bad happends to that basket you would lose all of your eggs but if you divide them maybe you will have some eggs.

claydeey

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The risk is always there on the other hand the opportunity awaits your investment in btc. Just always remember that in investment do not put all the eggs in one basket.

rosepetals

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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 there so much risk in investing all your money in bitcoins,i suggest that if you make investment dont put everything in it.Bitcoins votality seems so unpredictable and when you invest you will take risk and taking risk takes alot of courage to what will happen next.Be more smart in investing donot do panic selling when its price dumps better to hodl your bitcoin its the best way to profit when its price fluctuates after the correction happen.

_Mikasa_

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Yes it is. It is too risky to convert all your money into bitcoin. It is like gambling all your assets without taking any insurances.

ronremsey25

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AI SOLUTION TO VOLATILITY IN YOUR CRYPTO SAVINGS

Indeed because investments are risky but sometimes you must take the risk to be successful. If you will turn all your money to bitcoin wait for a price you think is low enough and you think it might rise from that point. If the value fall and you panic sell that where you will lose money. Better hold and be patient to wait. If the price rise from where you buy it means you are earning. So dont panic sell if the price fall, remember Bitcoin is not stable. It might get high and it might low. It is based from the demand in the market.

SportsbookBettor

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Quote from: Al Amin on December 13, 2017, 06:08:49 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!

Of course it would be risky for you if you invest all your money on bitcoin. I hope you do not do that, act wisely, because bitcoin prices keep changing no one is set, so invest your money partly. The rest you can invest in other things, in anticipation if you experience losses in bitcoin.

Any investment is risky and before you invest you must think and not afraid for the outcome especially in bitcoin where the price is always changing. Bitcoin price keep changing in the last few days and months and if you are weak in investing and will panic if the price goes down definitely you will lose all your money. If you wanna avoid this you must pick another altcoins too aside from bitcoin then spread it. So you will have your money spread across different investment.

Julia_KA

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It is always risky to bet only on one thing be that bitcoin or smth else. As a wise man said, don't put all eggs in one basket...

olatslodi

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In my opinion, it is risky to turn all my money into bitcoin. Because the crypto world is volatile to the point that you won't know exactly when the price will go down or up. You can invest the small amount of money that you can afford to lose, so that you will not regret in the end.

Al Amin

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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 would be risky for you if you invest all your money on bitcoin. I hope you do not do that, act wisely, because bitcoin prices keep changing no one is set, so invest your money partly. The rest you can invest in other things, in anticipation if you experience losses in bitcoin.

ehrz22

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Quote from: xamil on December 13, 2017, 04:31:05 AM

Yes it is, but it's your choice and make sure that you always check the bitcoin price if you turn all your money into bitcoin.

But still, it is not advisable to turn all your money to bitcoin, the profit will be huge if the price will continue to rise, but what if it falls down drastically? So for me maybe just invest half of your money to bitcoins. Always remember that you just need to invest what you can afford to lose.

USScrypto

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I think its not risky to invest on bitcoin even a lot of people have doubt, but when u look to people that have biggest number of bitcoin they dont sell them, so they belive that this movement will continue.

denzkilim

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I'll share you some useful words of the day. Grin

"Invest what you afford to lose" and "Invest at your own risk" At the end you and only you will decide what to do. Grin

Danglen1010

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bitcoin is safe but dont don that that all your money bcoz some country they band bitcoin just to make sure your country accept bitcoin

WatchMaker

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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!

There is always a risk in every form of investment, but some investments are riskier and others.
For me, I see nothing wrong with investing all your money in bitcoin unless if you have a huge responsibility on your head which you take care of all the time.

KingKrypto

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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 would never do that. Just invest what you can lose!

raymart0720

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yup probably I .. all you will make or do have risk beside them.. that is life especially in bitcoin.. but if you got the rhythm and how to get it on perfect timing you can win win.. I recommend first is to study how it stays on charts. and do research .. I turned my 150 US dollars to bitcoin the value now is 0.00904636 BTC. I take a risk but I know that bitcoin will grow higher after these year. keep earning.

Parodium

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DMs have been disabled. I am busy.

Is it risky to turn all your money into a highly volatile cryptocurrency? Yes.

However, depending on how much money it is, it might still be worth it, particularly if you are not dependent on your savings for financial security.

Wittycoin

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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!

Ofcourse, anywhere you put your money comes with a risk. But it ia better if you spare some of your money to some investment, not only on bitcoin cause it is not wise to put all your money in one investment.

Amanda Krause

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XWIN CryptoBet ICO 01/01/18

It's highly risky. I wouldn't recommend you to do it Sad

russelle

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It’s not really risky but also not a wise thing to do. Invest your money in many business for if you lose in one business you can cover the losses from other coins or business Grin

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