is it risky to turn all my money to bitcoins? - page 82.

a4techer

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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 of course when you are entering or joining in investment always risky to your money because you dont have any assurance to earn but if you want to earn of course take a risk even there is no possibility to earn but as of now if you can observe that bitcoin was rising and have high value so that dont be affraid to invest and take a risk.

OFID

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IT's not. I will use me as a typical example. I only have $100 in my pocket, $10 for food, $10 for emergency, so I invest the remaining $80 into Bitcoin and hope I could become a billionaire in 2020. Tips：I sleep overnight in the street, so I don't need extra in my pocket.

GsxR150

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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, risk if you switch all your money in the form of Bitcoin.We never know what it will be like in the future. If for example the price of Bitcoin going down you will lose. We recommend that if you want to invest some of your money only.

Prince786

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All the investment whales would advice you to put no more than 10% (or at the maximum 20%) of all your wealth in to high-risk assets such as Bitcoin.Bitcoin and other crypto currencies are well known for their volatility - meaning, their price might go up or down anytime.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.

xamil

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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.

Genemind

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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 if you are talking about all of the money that you have, then I guess it is really risky. The fact that you wouldn't have any money left in case of an emergency or a scenario where you'll be needing a big amount of money then you'll have none for it. In addition, not all establishments like hospital accept bitcoin yet.

RawDog

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"is it risky to turn all my money to bitcoins?"

Risky or not risky - that isn't a very good question. The only question of importance is this:
"Is it MORE risky to have bitcoin or fiat?"

If you love risk - keep your Euros. If you want to be safe, buy Bitcoin. It is far more risky to hold fiat like Euros than Bitcoin.

mejalipat

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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, too risky if you put all your money in bitcoin because bitcoin prices sometimes rise and sometimes down and unpredictable so you can lose a lot and even lose all your money if you put it all

jobjorn

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yes. don't all in if you are not 100% sure

Ulumorzki

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🤖UBEX.COM 🤖

Yes very risky. If you want to invest in Bitcoin maybe half of your money today but not all, since Bitcoin price is very unpredicatble, no one can tell when it will go up and when it will fall. Better to be safe.

Savemore

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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 but you can earn big amount of money if you will put all of your money to the bitcoin. Bitcoin can give you bright future. The price of the bitcoin is continuing to increase so it is better if we put all of our money.

_noname_

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Quote from: heninur on December 13, 2017, 02:34:55 AM

I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

Idea of the mate is correct that bitcoin price is changing with time and there is no guarantee that when the price of bitcoin is increased or decreased so it is more risky to keep all your money in bitcoin because if the price of bitcoin is fall then you can face huge loss. so the best option for you is that keep your money in some different place.

Bitcoinjheta

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Quote from: heninur on December 13, 2017, 02:34:55 AM

I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

I don't think its wise to invest all your money to bitcoin because its price value is unpredictable. Sometimes it's high and sometimes it goes down. It is better to balance your finances and do not just put yourself at risk. Better keep some for yourself so that whatever happens you have a back up plan.

heninur

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I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

doycku

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I think at this time, the risk of losing capital is minimal, bitcoin is growing and will continue to grow. It is necessary to keep in bitcoin and not be afraid. you can still invest somewhere else.

Harper6

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Quote from: 19faraon88 on December 12, 2017, 12:36:02 AM

Yes its risky if all our money should invest to bitcoin. We should keep some of our money for our daily needs and for our family. But if the world already accept the bitcoin. and can be used to all stores.. Maybe its the time to invest all our money to bitcoin.

Well its risky or not it’s something different question is why would use all your money in investment and as far as I know it’s not a good way to do so even billionaire are not doing so and I will tell you about bitcoin when you invest your little amount of money here it can make your money double and I’m one of the example of it because when I join bitcoin so there was very less amount of money in my pocket and now I have a lot of money just because of bitcoin.

AwesomePython

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That would be the dumbest thing you could ever do.

barbara44

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Quote from: Pasabm on December 11, 2017, 07:04:29 AM

I think it's very risky if you trade all your money into bitcoin, the bitcoin price is now going up, but we have to see any future can happen including the drop of the bitcoin price. It's good for you to exchange half or some to avoid that risk.

Agreed, It is not at all a good option to put all your oranges into one basket. Bitcoin is no doubt the best possible option for investing your money and it can help you make wealthy. Even then, do not go for investing all and all your money into bitcoin.

You do need to have some money in your pocket as your backup so that in case of suffering any kind of loss, you can invest more money to recover your loss.

loty1825

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Quote from: dealer79 on December 12, 2017, 01:56:13 AM

The answer is yes. Imagine you get your salary in bitcoins and rate drops with 50%. Fiat money is baked by us, the people, who is behind Bitcoin? It seems NSA. Just read the following article: Evidence points to Bitcoin being engineered by NSA http://noch.info/en/2017/12/evidence-points-to-bitcoin-being-engineered-by-nsa/ , one more sorce: Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html.

That's just conspiracy theory guessing, not evidence.

HodlingCaulfield

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Quote from: dealer79 on December 12, 2017, 01:56:13 AM

The answer is yes. Imagine you get your salary in bitcoins and rate drops with 50%. Fiat money is baked by us, the people, who is behind Bitcoin? It seems NSA. Just read the following article: Evidence points to Bitcoin being engineered by NSA http://noch.info/en/2017/12/evidence-points-to-bitcoin-being-engineered-by-nsa/ , one more sorce: Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html.

You're an idiot. Let me guess, you believe the US government was behind 9-11, right?

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