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Topic: is it risky to turn all my money to bitcoins? - page 94. (Read 37348 times)

newbie
Activity: 43
Merit: 0
If you want to turn all your money in to bitcoins then its not a bad idea because bitcoins could also be used as money because bitcoins is acceptable by almost every shopping and trading centers that's why if you want to turn all your money in bitcoins then its a good idea as you know that the price of bitcoins is rapidly growing up that's why you will not see a face of loss with bitcoins.
member
Activity: 432
Merit: 10
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it is not a danger to us when we know how to make it. you need to invest in a variety of business-based coins
full member
Activity: 182
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

will not be at risk if you already understand bitcoin and ask the same thing that has more experience in bitcoin. The current price of bitcoin tends to rise so that this price increase will give you an advantage, even though bitcoin prices are down several times but we can see on the bitcoin price chart even increasing drastically that is what makes bitcoin appeal more than any other investment. If you doubt you will not be able to develop and if you progress without thinking for a moment you will lose.
hero member
Activity: 644
Merit: 500
i love my family
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I always say this to people....Invest only what you are willing to lose. Never put money in crypto if it is your last resort to earn money. The risk is there but so are the rewards, so before putting money in bitcoins or in any crypto currency do your research.
legendary
Activity: 2758
Merit: 1004
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actually yes, it's really risky. sometimes people hold their money 50% for themselves, and the rest to the place of investment. but, I think that's really a serious risk when the price goes down, and you're going to panic.
full member
Activity: 294
Merit: 105
Yes. It is risky i think. You have to play safe, you dont have to invest all your money to one business only. You have to save some just in case if things wont turn well. There are ups and downs in a busines, you have  to be very careful in investing and wise decision making. In bitcoin, although the rate is going up most of the time but its like a stocks market that will fluctuate anytime.
full member
Activity: 322
Merit: 101
It is obviously risky because bitcoin is still unstable and will be continue to be unstable for a longer periods of time. Only invest what you want to invest but not all. It is safe to play it that way.
member
Activity: 322
Merit: 11
No investor would put all his hard-earned money in bitcoin alone. As much as possible, diversify your investment in stocks, mutual funds,etc.
member
Activity: 448
Merit: 11
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To much risk if you do that.. atleast you must have emergency fund and investment fund for a wise decision.investment is risking but not all risk will succeed..
full member
Activity: 140
Merit: 100
It is a 50 50 decision, yes bitcoin has been fantastic so far, yes we know it going to grow way up and multiple folds come 2018, but always remember to scale the risk from 1-10.
member
Activity: 350
Merit: 13
yes, it is very risky if your money is 100% invested in bitcoin. With unstable bitcoin price is very high risk. better some of your money for investment in bitcoin. bitcoin promises big profit, but also in line with the risk is also big
sr. member
Activity: 854
Merit: 257
Yes, turning or investing all your money in bitcoin is definitely a risk. I am grateful of what bitcoin had providing to all of us but it is given that currently it doesn’t have that official acceptance to the world and placing all you money in it will be at risk for not being accepted to other countries or being banned. Also, ee should always remember whether it is in bitcoin or other savings and investment account that our money should be diversified in order to lessen the risk of lossing everything once that particular community collapsed.
newbie
Activity: 33
Merit: 0
Investing all of your money in bitcoin is very risky. Please remember that the bitcoin's price is very volatile and no one can predict whether the price will increase or decrease.
member
Activity: 406
Merit: 10
Puting all your money is very risky, because Bitcoin currency always change.The instability of bitcoin's value is a very good reason why you shouldn't invest all or most of your real or hard-earned cash. There are lots of other things to invest in.so never put all your egg into one busket 🙂
jr. member
Activity: 630
Merit: 1
yes I think it's fully  risky to turn all your money to bitcoins.Because, Although bitcoin investment is not a gambling yet I think it's risky.maybe get more profit or lost your some money.
legendary
Activity: 1596
Merit: 1034
Before you start investing bitcoin with all the money you have, I suggest you know all the risks by first learning the basics about bitcoin, so when deciding to invest all your money to bitcoin then you are ready with all the risk that will be experienced. Do not let you feel sorry for the decision because I think investing in bitcoin is the beginning of the step toward your success.
full member
Activity: 168
Merit: 102
"Never invest more than what you're prepared to lose" the basic rule in investing. Yes it's risky
full member
Activity: 378
Merit: 100
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YESSSSSSSS!!!!
It is very risky! I wouldn't do that! It is better to divide and invest in other good alt coins.
member
Activity: 144
Merit: 10
It is risky because you are giving your all it is like a do or die scenario even though the odds are in favor of bitcoin I think it would affect your investment if you needed an extra money in case of emergency you might end up cutting your loss instead of earning from your investment if you withdraw it due to unfortunate events.
member
Activity: 168
Merit: 11
Of course, I just like stocks although BTC is steadily increasing in price aside from up and down in the past. But still, do not put all your money in one basket, diversify your investment.  Smiley
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