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mrayazgul
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November 26, 2017, 02:36:58 PM |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
What do you think? That's like asking "is it risky to invest all my money?". It's an investment sort of, and while I feel that it's a good one, you have to take a risk to try and get a pretty awesome reward of a lot of cash. I'm going to risk it and hope it hit's 10k op, but you do you! Investing is a risky task especially if you're going to turn your all money into bitcoins. Don't invest your all money use little amount for it. Since the bitcoin is volatile it can gives you lose instead of benefits always. Everyday isn't the same day, not everyone get the benefits and not on each day. There are ups and downs. One day may be a profit but the next day can be a loss. So be prepared for both win and loss, when you convert your money into bitcoins. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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hynext
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November 26, 2017, 03:36:11 PM |
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It's very risky, don't invest all your money in bitcoin because the value is volatile. Everyday we suffer roller coaster ride ups and downs. I think you should invest 50% in bitcoin and 50% in the bank. I have faith in bitcoin but you need assurance for your family if they will need money is easy to withdraw any time.
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tikaka
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November 26, 2017, 04:14:13 PM |
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I advise you to be careful when deciding to turn all your money into bitcoin. The value of bitcoin is really unstable. You can lose everything. You should look for bitcoin, slowly and safely.
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karisiak123
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November 26, 2017, 04:15:33 PM |
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I do not think it would be risky to turn all your money into bitcoins
because the bitcoin price is always high..and the next year will probably exceed the current bitcoin price ... then you will get more benefits if you invest in bitcoin
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daweiwuli
Member
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Activity: 150
Merit: 10
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November 26, 2017, 04:18:37 PM |
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Do not put the eggs in a basket. I am very optimistic about the future of bitcoin. But I do not recommend that you use all the money to invest in bitcoin. You can invest a bit of money in bitcoin. Some money is invested elsewhere. This is the safest choice.  |
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anon007
Newbie
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November 26, 2017, 04:21:45 PM |
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Yes it is and i recommend leaving money you need for living outside Bitcoin. It has bigger risks than real life currency so investing your money into Bitcoin is low-key risking losing it.
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McKane
Sr. Member
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Activity: 350
Merit: 250
IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.
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November 26, 2017, 10:19:54 PM |
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If we consider bitcoin in the short term, then of course you can play on the course, but if in the long term then the profit is guaranteed!
now a days people utilize bitcoins on the grounds that cash as money could be excessively dangerous that is the reason individuals utilize bitcoins for their day by day reason so in the event that you need to hand all your cash over bitcoins at that point it's not a terrible thought on the grounds that bitcoins could give you benefit by holding bitcoins for quite a while and its absolutely free of hazard so changing over all cash to bitcoins isn't an awful thought. |
IBMINER DONE A GOOD JOB. I learned a lesson from him. He gave me negative trust just because i was dealing with account seller. To buy an account.
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sheryl26
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November 26, 2017, 10:29:17 PM |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is a lot riskier than investing it in some companies, because the values of bitcoins are not stable in the market and we cannot even predict when will itbrise and when will it fall. It is like a rollercoaster ride sometimes the value are up and sometimes the value are down. So think twice before you invest in this but the good news is the bitcoins today are on their top of their career so ifnyou invest all your money in this you qill probably have a lot of profit but my advice is do mot invest all pf ut trust me you will need some money in you |
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bitcoinhenkie
Newbie
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November 26, 2017, 10:30:36 PM |
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There are people that sell their houses to buy bitcoin...
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kidoseagle0312
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November 26, 2017, 10:34:39 PM |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Everything in this industry has a risk involve, just any form that has an investment it is always have risk whether bitcoin or altcoins actually. Maybe you could try to small amount of your savings in the bank, then if you see and find out that it is good then its up to you if you want to turn all of your savings into bitcoin. |
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50ouncebrew
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November 26, 2017, 11:06:16 PM |
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Nope.
It is not risky at all to buy Bitcoins with all of your money.
Normally I follow the "never put all of your eggs in one basket" rule, but if you think about it Bitcoin is such a great investment that chances are you will never lose all of your money.
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A Feeder
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November 27, 2017, 04:19:40 AM |
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Yes because the value of bitcoin is volatile. And in any time, bitcoin has a chance of shutting down and can be overcomed by ethereum.
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hualangktsld841
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November 27, 2017, 04:23:49 AM |
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It's too risky for you to do that, my friend. You know, the money market is still a baby market, although in high growth, but bitcoin fluctuations are violent, should be all people do not agree with your ideas. Be sure to get ready to invest money, others, it's desirable to invest part of your money in encrypted money, within your own risk range.
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Argoo
Full Member
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#SWGT PRE-SALE IS LIVE
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November 27, 2017, 05:08:07 AM |
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Despite the active growth of bitcoin recently, it would not be wise to turn all the cash into bitcoins. 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.
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ASHLIUSZ
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November 27, 2017, 05:29:14 AM |
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Despite the active growth of bitcoin recently, it would not be wise to turn all the cash into bitcoins. 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.
Agreed, growth has been taking place in a much larger scale. The same doesn't assure profiting, so turning everything into bitcoin is highly risk involved. User who has made a good earning to lead his life, can use a partial amount into the risk of growing it same as the person who did recently selling each and everything including his home and leading his life in a camp looking to get benefited by 2020 or 2022 as target. |
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plaintiff77
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November 27, 2017, 05:44:18 AM |
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Yes it is very risky if you turn all your money to bitcoin because as we all know that the price of bitcoin or the value of bitcoin is volatile,sometime the price is high and sometimes the price drop but if you will take the risk and believe in bitcoin then youll get a good result rather than just saving your money in bank and earn only a few interest so why not turn it to bitcoin and wait for a couple of years for its value to increase $15k or higher then convert it into cash then youll see the result,Your effort in waiting will be paid more than what you are expecting in a bank.
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wahyu5
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November 27, 2017, 05:47:05 AM |
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I think if turning all your money into bitcoin is very risky, maybe it can be a long-term investment for you but what if bitcoin decreased a great price and then you need money for your needs, of course you will incur losses
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webdevmastery
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November 27, 2017, 05:50:34 AM |
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Yes it is, The market is volatile and we never know when will be the price to increase again. It needs a good timing in market price when to buy and sell to earn more profit and that is the beauty of trading, Good predictions and smart strategy.
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Ian Dave
Member
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Activity: 183
Merit: 10
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November 27, 2017, 05:57:50 AM |
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Yes, there is a chance that your money will be risky if you turn your all money to bitcoin because we can't trust everyone here. We need to be careful when we do that, but it's impossible that a one person will change his all money to bitcoin. Bitcoin has a high value you can invest here.
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Honest Tim
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November 27, 2017, 06:04:24 AM |
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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. I am totally agree with it, bitcoin is a very fluctuating concept. Bitcoin prices fluctuates a lot, bitcoin has cover a long way from the day of origin but we can not deny from the fact that Bitcoin is still illegal and have some disadvantages. So there is no use to invest all your money in bitcoins which has no assured future. Nobody has seen the future and nobody knows what future has for somebody. Although bitcoin is now old but still it's a virtual reality we can not predict anything. But better to not to take risk. |
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