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Topic: is it risky to turn all my money to bitcoins? - page 84. (Read 37350 times)

member
Activity: 73
Merit: 11
Risk=Rich. That's the simplest equation.
member
Activity: 229
Merit: 10
yes it is too risky. Because no one one bound to give us our money back if anything happen. If you ready to take much risk you can put your all the money. if not you can put half of money. it would better because growth of bitcoin will give you much profit.
member
Activity: 168
Merit: 10
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Even if your are investing half or a quarter or any of your money is already risky, how much more turning ALL you money into bitcoin. Everything here is risky but the thing is, you should know what you taking risk of. You should understand how to manage your loss and expectations. No matter how high the bitcoin has become, you should not invest all of our money. Spare a little to the bank and elsewhere so you will have the option when things go wrong.   
rfj
full member
Activity: 214
Merit: 100
It's very risky to put all your money in bitcoin, actually not only in bitcoin in all investments. Don't risk everything in bitcoin because despite of bitcoin's value, it's still an unpredictable and unstable which can make all your investments lose in the small period of time.
member
Activity: 115
Merit: 10
Of course it is very risky and very not recommended, suppose you want to invest try some first to make sure, do not direct you input everything because we do not know up and down its bitcoin.
currently bitcoin is very tempting for everyone but we must be smart also in stepping so we do not fall fall.
hero member
Activity: 812
Merit: 500
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.   
full member
Activity: 462
Merit: 101
Whenever we want to do something there is a risk, so if you want to change all your money into bitcoin then the risk is waiting, depending on whether you want to take risks or not, if you want to take risks, then buy bitcoin with your money all ...
member
Activity: 94
Merit: 10
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.
sr. member
Activity: 546
Merit: 257
It is better if you invest half or a quarter of your money into bitcoin so that it won't loss if the bitcoin will goes down.

I think the way you states it might be misunderstood by the people reading it. The price will go down yes, because bitcoin is not always pumping but the amount of bitcoin will never go down. Bitcoin is volatile so I think you might want to be sure that you will be turning your money or fiat into bitcoin, something might happen that you will regret.
sr. member
Activity: 966
Merit: 274
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.
full member
Activity: 198
Merit: 100
It is better if you invest half or a quarter of your money into bitcoin so that it won't loss if the bitcoin will goes down.
full member
Activity: 198
Merit: 100
Yes it is really risky for you cause the bitcoin is unstable and it might goes down.
hero member
Activity: 2590
Merit: 644
It is risky , because you put ALL your money to bitcoin. You could probably lost your patience when price keep dropping.

If partially, That would be OK .  Wink
That is true. We should not put all of our money in bitcoin because it risky and we will have a higher chance to lose all of our money if we are just going to be comfortable and be greedy investing into one basket only. We should learn to diversify and always invest into something that we know and we should also diversify into different form of investment to have a great type of risk management.
hero member
Activity: 678
Merit: 500
It is risky , because you put ALL your money to bitcoin. You could probably lost your patience when price keep dropping.

If partially, That would be OK .  Wink
member
Activity: 226
Merit: 28
 bitcoin is a very good thing to hold your money, but not all of them, i think much better to hold in BTC just part of money, there is always  risk to loose everything Sad
hero member
Activity: 966
Merit: 517

It is worth remembering about the risks and diversifying your investment. This is how you can earn money. Every investment and exchange of funds can have losses and every person should be mentally prepared for this.
Definitely risks are there when you are dealing with business thing. Bitcoin is not that much a business but when you are getting into trading and investments then many traits of business can be seen here in this world too. So go for the less risky option when you have many to choose one amongst them.

Believe me bitcoin will not make you sad even if you put all your money in it but then you have to be extra sensitive about this.
full member
Activity: 327
Merit: 100
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There are risks in everything and always. You always need to approach the investment with a cold head and diversify
newbie
Activity: 182
Merit: 0
It terribly is extremely is incredibly risk thanks to bitcoin market is very volatile. If you hold your bitcoin terribly lasting it is however otherwise you should not flip all of you cash.
full member
Activity: 1624
Merit: 163
Of course it is risky. The Crypto world is volatile to the point that you won't know exactly when the price will go down or up. But remember, every risk has either gain or pain and only risk what you want to lose. If I were you, I would never risk all of my money to Bitcoin but atleast put half of it into man kinds of promising coins out there.
full member
Activity: 135
Merit: 100
Think about diversifying. Gold, silver, crypto, stocks, bonds, IRA... If your open ot high risk put 20-40% of your investment portfolio in crypto and spread it across btc, ltc, eth, waves, neo, omg, xmr, zcash, SALT.... a few I think have long term upside.
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