If you ask such a question, you are probably new in crypto.
In such case you definitely shouldn't put all your saving into crypto.
Please remember: cryptocurrency is still high risk asset, so never borrow money to invest in crypto!
Topic: is it risky to turn all my money to bitcoins? - page 9. (Read 37359 times)
It's not that risky if you research the technology behind it and the reason why it's here to stay. I have pretty much most of my net worth into Crypto.
That's just like putting all your money in a gamble. bitcoin's price changes rapidly and you cannot predict when it rises and falls. and it's not just on bitcoin. Investing all your money on one stock is a very risky move. You should invest just a right amount (maybe a third or a fourth of your money), and see how it grows first. If the results are fine, you can then try to invest a bit more money, but you must never try to put all of them. Don't be too reckless to do that.
yes its risky
whatever amount you had intention of investing in crypto split it in half and try things out for few months from there take your knowledge further, don't get bit crazed
according to my opinion investing all your money in one place is indeed risky because if you invest like a place we can take example of bitcoin and bitcoin price is start falling then you will face a huge loss if you can sell at that time while if you can invest in some different coins also then if price of one coin fall and you need some money then you can sell other coins who price is not fall.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is very risky to invest all your money in bitcoin, bitcoin is very beneficial, but you must understand the risks of bitcoin. Bitcoin prices are unstable and unpredictable. Better half of your money you invest in bitcoin.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, the price of the bitcoin is very unstable, there is some risk investment COINS, one month before the bitcoin is the price of $20000, is now the bitcoin of the price is $8000, investment COINS if you a month ago, so now you only forty percent of the money before, this is a sad thingSo you can't invest all your money, COINS, you need to diversify, you can invest half your money, COINS, half of the money the bank, I think this is a good way of investment
It is very risky if you put or invest all your money to bitcoin only, because it is not stable and volatile investing your money in different coins or business is a good choice
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
In October, 2017 it was not risky at all, not you have some risk. However, never invest all of your money into anything. Take one third of your funds for it.
Yes it is risky to the fact that a some of the country is not yet legalized so risky is there but we remember any kind of business it is always associated risk hence bitcoin is part of a business form but if we understand the crypto world you don't count the risk instead you count your gain.
Yes, it's risky. It is not known what will happen tomorrow. Maybe there will be a big collapse and we will be left with nothing. You do not need to invest all your savings in bitcoin.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes! Bitcoin is all about risks so risk intelligently. Save something for yourself and for security. If you are just planning to hold it and save, I think bitcoin is not a good choice for you. Especially if you are not always aware of bitcoin's price. You will just be disappointed with the results. If you want to engage in bitcoin, learn, practice, be patient, and be passionate about it.
you can and should invest your money! we all want to make money, and investment is very good. The most important thing that the money you invest is not the last one. if you invest money wisely and at the right time, it is sure to bring profit
Of course,it is risky to turn all your money to bitcoins.Because bitcoin is a online based cryptocurrency and it's processings are similar to share.That means bitcoin price increases and decreases frequently.So if you invest all your money you might have to face a great loss.So look before you leap.
Yes because the price of bitcoin is very volatile, that can change anytime. And make a loss in our capital and also our efforts. But not all your money turn into bitcoin, because their is no sureness that your money will grow in bitcoin, but sometimes their is also sureness that your money will grow because of bitcoin.
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It's very risky because bitcoin is very volatile. You should just invest the money you can afford to lose because no one knows how the future of bitcoin will turn. What if you turned all your money to bitcoin and its price crashed and there's an emergency where you need your money. You'll have no choice but to withdraw your bitcoin even if the price is low. And if you do that, the money you left in bitcoin will have little chance to grow. You'll end up losing your savings.
All cryptos involved risk and bitcoin is not spared from it. Those fluctuations really affected too much the bitcoin holders. I think its better to spread like for example in Ethereum, Ripple, Dash,XLM, XEM many others in the top list of coin market capital. So that if one or five is down there are others that might be green. The key here is to diversify.
I think if the tone turns all your money into bitcoin is very risky because we do not know bitcoin prices will go down to how much and not to mention hackers better trouble your money is divided into two between bitcoin and cash to prevent things that are not in want.
Turning all your money on bitcoin is a good idea but there is disadvantages of it..
The expenses for your daily needs.
The best way to do is hold your money atleast 50% of it for your daily needs.
The expenses for your daily needs.
The best way to do is hold your money atleast 50% of it for your daily needs.
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