Topic: is it risky to turn all my money to bitcoins? - page 83. (Read 37346 times)
It's certainly very risky to put all the money into bitcoin, as we know that bitcoin is decentralized and can not be controlled so it all depends on the need, if the price drop needs to drop.
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.
The market is highly volatile and we cannot predict what is to come in the crypto market. The Bitcoin market always shows a huge leap in the crypto market every year in the beginning of 2017 the bitcoins started of with $ 1000 and now the value has surpassed $ 16619 which is a positive sign and it proves that it is a good investment and it will increase your investment by more than 20 thousand times than the current value of bitcoins. I would not suggest to put all your money in a single basket as it is too risky you can consider putting half of your earnings to the bitcoins, still you will get good returns on your investment.
Every serious investor knows that past performance doesn't tell anything about future performance. There's no sense in saying BTC will go up x20 next year just because it performed so well this year. On the contrary it may be overpriced at current price because of the CME futures market that's coming on 18 December. When people see futures market won't how such an impact on the price as they expected BTC price might even crash. Nothing guarantees you that holding BTC in next year will make profit. After such gains this year in theory there's even more chance for the price to crash, than to make x20. The more the price rises the more risky it is to hold. So putting half of earnings just in one investment? I'd rather not.
Don't put all eggs in one basket!!!
To invest, devote, or commit all of one's energy or resources into a single venture, opportunity, or goal, generally at the risk of losing everything in the event that that thing fails or does not come to fruition.
To invest, devote, or commit all of one's energy or resources into a single venture, opportunity, or goal, generally at the risk of losing everything in the event that that thing fails or does not come to fruition.
Foe my opinion, I say yes it will be risky if you put all your money to bitcoin because bitcoin value goes up and down. You’ll never know when it is high and you cannot predict when it goes down. So it is safe to save some of your money for future investment.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
We all know that the value of bitcoin is very volatile wherein as you earn here there are chances that your money will grow or fall after a long time. Turning all your money to bitcoin can bring you a lot of benefits if ever the value is rising or being pumped. The risk here is the possibility that the value will fall for some reasons but as you risk it all, you can have the chances to win at a higher rate.
Bitcoin isn't regulated, so its price can go up or down very quickly. What if bitcoin tomorrow has a security fail and its price drops significally? You've lost all your money.
Don't invest more than you can afford to lose on a volatile cryptocurrency.
Don't invest more than you can afford to lose on a volatile cryptocurrency.
The market is highly volatile and we cannot predict what is to come in the crypto market. The Bitcoin market always shows a huge leap in the crypto market every year in the beginning of 2017 the bitcoins started of with $ 1000 and now the value has surpassed $ 16619 which is a positive sign and it proves that it is a good investment and it will increase your investment by more than 20 thousand times than the current value of bitcoins. I would not suggest to put all your money in a single basket as it is too risky you can consider putting half of your earnings to the bitcoins, still you will get good returns on your investment.
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.
putting all egg in one basket its always risky for wise investor never pull all investment into one nature of investment products its must be diversified
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 for if you lose in one you can cover the losses from other coins or businesses.
We are living in a world where almost every move you make, you always take the risk, specially when it comes to saving or where to put your money. The best way to minimize the risk of loosing all your money is to manage it correctly, try to read topics that involve wise decision in saving. If you concentrate your investment in only one way, like bitcoins, it is almost impossible for you to counter the fall if it unexpectedly occurs.
Yes. It is a great risk! Never try to put all eggs in the same basket.
I'm all in.
it's not too risky to invest all your money in bitcoin. because bitcoin is any indemand and this test and its increase is not a joke. do not be afraid to be wise
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
never do that, you should invest in many things, many coin ect. don't bring all your money for buying bitcoin, it's not a wise choseIt reminds me of the article I had read, I man decided to invest his money into bitcoins three years ago if I remeber it right and he even sell properties to buy bitcoins and know what happen? Now he is currently travelling making their family's dream of traveling all over the world and staying on luxurious hotel. If you put all your money into btc now, it's possible you ended up like him after a couple of years but also possible you end up with nothing.
yes it is risky to turn all your money in bitcoin because of bitcoin's volatility. It will be good to invest half of your money in bitcoins and left the 50% as fiat money.
It may be risky if you rely on that money for daily survival and paying your bills. However, if it is meant for investment, there's no risk because different ventures have different challenges. If you start a business, there's a possibility of it failing or succeeding, none is guaranteed. So if you are afraid, you can't make any progress in bitcoin investment.
Yup, it's very risky. It's value is volatile though we know that it will always go up. Aside from it, your money will be prone to hackers and once it's hacked dunno how bad you would feel
Yes it is very risky, because bitcoin still many do not know, and the Indonesian government also has not inaugurated for bitcoin.
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.
Nearly, it is not a big risky but it is not a right that we use our all money on bitcoin or any other investment. But i rely on bitcoin and bitcoin always give us profit so i never see anything bad on bitcoin. I want advice you better to use your half capital in bitcoin and then testing it and if you get success with bitcoin then invest more.
I can't see why people are asking to turn their all money into bitcoin or other coins. They don't have to do this. There are more options such as moving with portions of the money while buying and getting bitcoin.
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