Topic: is it risky to turn all my money to bitcoins? - page 96. (Read 37348 times)
It is really risky if you turn ALL your money and rely on Bitcoin price in market. No one knows if Bitcoin would remain in an endless life or cannot be shutdown. We all know that investing on it will make your money grew soon. But how if its price goes back to zero? Will you still wait? You should only invest SOME of your money. I suggest you must wait for its price to go down first, be updated in crypto news. So you will be both smart and wealthy in the future.
I think you should turn the funds that you can control the risk and buy the encrypted currency, so it's OK. If you're beyond your risk control, try not to do that. The market for encrypted currency is always rising and tumbling, which requires you to have a certain mental capacity.
Putting all your money in bitcoin is a very very big risk. Its like putting all your eggs in one basket. The value of bitcoin changes from time to time therefor the value of the money you invested also changes. In case bitcoin crashes, you won't be able to go to someone to get your money unlike banks because it is a decentralized system. Its better that you only invest the extra money you have.
The market value of Bitcoin is constantly growing. Converting all your money into this is a form of investment, the more money you invest, the greater the profit. Now this is a little risky, because it is not legal for most countries, but if you live somewhere where it's legal, I think it's a good idea
Bitcoins are currently worth $ 11,000. From the beginning of 2017 until now, bitcoin has been x7 times. Currently my main income comes from tradecoin and bitcoin. I am sending all my savings into bitcoin. Be very careful when investing.
No, there is no risky to turn all money to bitcoin. Because bitcoin is the best crypto currency in the world. There are so many people who invest bitcoin with his all money. Another thing that bitcoin age is so long and it can't died without giving your money.
Yes it is risky to turn all your money into bitcoins, there is a famous saying never keep all your eggs in the same basket, as you might risk losing everything, invest only a part of your money in bitcoins, an amount that you can risk to put in bitcoins, so that touchwood if you make a loss that would not affect you in a big way. True that more the risk more the profit , but this is only true when you have a lot of resources to put on stake, else one should always play safe
We must always take into account the large volatility of the crypto currency and the possibility of a sharp drop in the exchange rate, even with the seemingly stable growth of its rate. It is best to invest in bitkoyn during the fall, and then only free money, leaving some of the money for everyday ordinary expenses.
Most bank give loan fee depending in the sort of record you are into. I think there are banks that give 3% loan fee on the off chance that you won't pull back it in a while or years. Be that as it may, contributing bitcoins could give you much better returns and the 3% of a bank for a while could be one day in bitcoins market. Notwithstanding, the hazard is still there like organization going into bankruptcy and hacking. All things considered, it is smarter to leave a half in a bank for crisis purposes.
Bitcoin will making background ithi the school books.The way forward for bitcoin is extremely vibrant .It will survive in the future however it needs updation on time to time .wn
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 IF you are not watching on the movement of BTC price. Bitcoin and other cryptocurrencies are well known for their volatility - meaning, their price might go up or down anytime. If you put all your money on bitcoin, and left it for a long time there in your wallet or trading account, the tendency is that when the price of bitcoin by that time drops, then you'll lose a lot of your capital/investment. It is good if the price of bitcoin by that time rises up, but that's not the case most of the time.
I think it is risky to turn all your money to bitcoin, you should invest it wisely so you won't loose all of your assets. Be wise enough on when you will place your money for bitcoin specially that the value of it are not that stable.
each investment must have its own risk. there is no investment that has no risk. but I think for several years for the investment in bitcoin sangag profitable do not know the future like what but in my opinion for a period of 5 years this bitcoin very profitable
I agree. It is risky and yet it is rewarding. Putting all our money into bitcoin is okay as long as you are willing to put it all. But since the word is all, it would be really risky. You can lose all your possession in just a snap. Better to invest only what you can afford to lose.
There is such expression: "you can't keep all your eggs in one basket". Any investment is a risk. So just spread your budget on a large number of currencies. Even if something is bankrupt, you will not remain without pants.
It's very important to diversify your investments so that in the case where one fails, you will have another investment that can support you. And don't invest all into cryptocurrency as well. Because they mostly follow the same trend.
Too risky to turn all your money to bitcoin. Unlike in the bank, if the bank is closed you can make a algal action to get all of your money in the bank. But in bitcoin you can't do some action to return all of your investment to in, it sounds scary.
There is such expression: "you can't keep all your eggs in one basket". Any investment is a risk. So just spread your budget on a large number of currencies. Even if something is bankrupt, you will not remain without pants.
If you want to make a profit then you must also be prepared to accept the loss. nothing guarantees that you get a profit in this bitcoin. plus if you are not good at investing in bitcoins, then you should not waste your money on bitcoins.
each investment must have its own risk. there is no investment that has no risk. but I think for several years for the investment in bitcoin sangag profitable do not know the future like what but in my opinion for a period of 5 years this bitcoin very profitable
Yes it is risky to turn all your money to bitcoin because bitcoin's value continue to fluctuate, its nature is volatile although if you look into the trend of the value of bitcoin it continuously rises. Risk is part of the game to get more profit, a successful man once said trust your guts, risk is the best way to learn. I suggest to turn your money into bitcoin but not all, so that you have a safenet that when things go wrong you have money you can easily get.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
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