is it risky to turn all my money to bitcoins? - page 98.

snedyolo

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think so. It is true that it guaranteed that with proper management and strategy you could possibly double your money. Still, I find it not wise to give all of your money. What if there will be an emergency whereby you'll need money? Where would you get some? Perhaps there would be any incident that would require you to pay. So, you need to leave some in case of emergencies.

Smpdytz

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Yeah it is risky .but you can manage the risk,but invest every money in one filed is not good .dont put all eggs in one bucket .i think it is good to invest 20% of your money in bitcoin

krishnaverma

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You should never convert all your money in bitcoin. Only invest 5-105 of your savings so that you are not affected much if you loose the money invested.

Nold

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quarkchain.io

I'm part of their money is stored in bitcoin, some in ETH, the smallest part of sell for cash. In my opinion, safer.

superloy

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Turning all your money into investing Bitcoin is very risky because the volatility is very high but instead it's a clever idea if only 50% of your money will be in Crypto-Currency although you'll get less profit than 100% but still you are confident if whatever happen with your investments at least you still have money to survive.

KpopLord

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it is indeed risky. You should save some money for yourself. Yes, investment is indeed all about gambling and giving your all but you should always calculate risks before doing it. You should consider the things that you are going to gain and going to lose. Just like in love department, you should always save something for yourself.

fempat

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Its very risky. Don't forget the golden rule of investment, "Don't invest more than you can afford to lose." Bitcoin is not stable yet. One moment it could soar, another moment it could dip.
If you want to invest in cryptos, try diversifying your portfolio. Look for promising altcoins and invest in them. That way you are better off.

crocozino

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just forget it! never ever do it! It is always risky to invest all money in one currency or segment. Like put all your eggs in one pot! Always invest what you have in diversified tool. I agree that bitcoin is the most popular and successful cryptocurrency, but it risky as hell too. Bitcoin is more volatile than any other currency therefore can suffer a lot of ups and downs. So watch out!

musharaf

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in the currency market every thing is risky and that' why these are high demanding things like in the fiat currency if you put the money into the bank for several years they will give you a minor amount of interest over that. but on the other side the money is devaluing day by day so if they pay you high in the future that will be not the profit. on the other side if you buy the crypto currency now at a low price you can sell them tomorrow at a high price therefor it is good to turn all your money into bitcoins.

Noesly

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For me I think is it risky to turn all my money to bitcoin for me also, why because we didn't know all what happen, I didn't say don't trust to bitcoin but careful if we invest or etc.to bitcoin.

diegz

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Quote from: RifatAB on December 01, 2017, 03:55:24 AM

NO it is not a risky thing to turn all money to bitcoin. Because bitcoin is more safe than real money. So you should turn all your money to bitcoin.

In terms of safety, I think bank is still safer in keeping your money, they are insured and accessible once you need it. While in bitcoin you need to convert it to fiat when you need it, paying the transaction fees.

I would not advise turning all of your cash into bitcoin, it's a bit of a hassle when you need it, except if you can use bitcoin as it is in where you are.

atileture

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

yes, risky better to divided your money into gold , cash , bitcoin and altcoins so all time you will win .

Bitcoin have value at 2017 because price increase 1000% that make all try to put them money in bitcoin.

megalith07

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Indeed it is unsafe putting all your cash into BTC in light of the fact that you can't tell what's going to happen tomorrow BTC is so flighty today it has a decent esteem yet you may progress toward becoming shock tomorrow it never again have the value it has today and may all of a sudden crash and lose its value.so better sheltered and don't put all that you have in a dangerous circumstance

saqibmunir

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Quote from: bitcoinhunter1221 on November 29, 2017, 07:45:00 PM

Yeah it's very risky it is because that crypto values are volatile. These currencies are undergoing big ups and downs in a short period of time. You won't know if you'll get a profit or not or you'll just suffer the negative outcome.

i don't ever think that it is risky or any type of factor of risk in this technology. When it comes to malicious threats like hack and scam, this the most worst thing happen if you invest all your money in any other crypto other than btc, You could hardly recover your money. in the case of specially btc i think the risk factor is much low.

Eureka_07

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think it is risky to turn all your money to bitcoins because if you don't have enough knowledge about investing then your money may turn into nothing! And as I said that it is risky to turn "all your money to bitcoin" because as soon as you convert it to bitcoin the value of your money will decrease but it will increase as soon as the bitcoin price will increase in the market. I suggest that you should try some of you money not all of your money when investing in bitcoin.

hxk451

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Obviously it is dangerous to change over all the cash that you hold to BTC. You can lose it effortlessly of you're not sufficiently watchful. On the off chance that you need to go out on a limb then you can do it. Despite the fact that I inform that you contribute half concerning your cash to cryptographic forms of money and half of it stays to your bank funds.

M_Haris

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Yes, it is risky indeed. But invest 50% of your money, risk is part of life.

Amanda Krause

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Obviously, it's so risky! Look at the price of Bitcoin. It's not static - it always increases and vice versa. Remain your money in your pocket as we can't predict the future.

rameshEl

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I do not recommend at all. "Do not put all your eggs in one basket" is one basic rule when you are investing.

Captain Sneeze

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Quote from: jonathan6655321 on October 05, 2017, 05:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

it will depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it. However there is possible your money will increase if you convert it in bitcoin and it will be a big risk if all your money is made in Bitcoin because bitcoin does not have a fixed price, that
is depends on your own choice.

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