Zorbak
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Activity: 167
Merit: 10
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October 05, 2017, 11:11:02 AM |
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In the long term view risk is low I guess but put all money in anything is never a good choice, you should diversify.
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The block chain is the main innovation of Bitcoin. It is the
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david515
Newbie
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Activity: 1
Merit: 0
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October 05, 2017, 11:11:57 AM |
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Definitely, It's highly risky to turn your all money in to bitcoin. it's not a wise thing to do. Ask your friends to know more about it. Invest like imo app and earn big. IMO is free no cost to make calls and text, its easy use imo for pc. just like that KIK For PC. another thing to do in pc is snapchat for pc. |
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andthereyou
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October 05, 2017, 11:12:23 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!
In my own opinion it's not risky. However you still need emergency fund in your bank account. From the word emergency meaning you will be using that money for emergency purposes only, for it is easy and fast to get money directly from the bank than in your btc wallet when you get sick. |
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jerowacik
Legendary
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Activity: 1162
Merit: 1000
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October 05, 2017, 11:15:13 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!
turning all of our investments into bitcoin certainly has risks, but otherwise we might get tremendous benefits. bitcoin investment is risky because the money we have depends on bitcoin price rates so when bitcoin prices decrease and we need real money then we can earn much less money. but if the price increases of course we will get a lot more money. all investments certainly have their own advantages and disadvantages. in terms of security I am sure storing in bitcoin and in the bank is a safe thing. the only difference is that we risk losing money from the losses we get. |
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nl247
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October 05, 2017, 11:23:43 AM |
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Most people here have already told you the truth so no need reiterating what they have said. You should not see bitcoin as a get rich quick scheme and as much as we may want to have high hopes regarding bitcoin, it still remains at its early adoption phase and I sure will not want to put all my funds. However, if you feel you can take that huge risk, no problem. Same way you can start sweating profusely when the price starts dipping hugely is the same way you will be smiling hard when the bullish trend starts occurring. But in any investment, try to always have a back up plan just in case something goes wrong.
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michellee
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October 05, 2017, 11:30:42 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!
its risk especially if you buy bitcoin at high price like today because you'll never know when the price is up and down and if the price is down too much than the price you bought then it means you lose some of your money. and if you turn all your money in bitcoin, how you can buy something without money? I think its better you still have your money just in case if you want to buy something in your real life or maybe you can buy bitcoin again when the price is down. |
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pungopete468
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October 05, 2017, 11:37:23 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!
its risk especially if you buy bitcoin at high price like today because you'll never know when the price is up and down and if the price is down too much than the price you bought then it means you lose some of your money. and if you turn all your money in bitcoin, how you can buy something without money? I think its better you still have your money just in case if you want to buy something in your real life or maybe you can buy bitcoin again when the price is down. Yeah and its never wise to put all your money in bitcoins as it can be very risky investment to make as no one is sure what will happen to bitcoin in future and if we invest all our money at single place and if something goes wrong with bitcoins in future then it can make us bankrupt so its always good to put only a small portion of your wealth in bitcoins and rest should be diversified into different products to minimize the risk. |
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fossilized
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Activity: 86
Merit: 10
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October 05, 2017, 11:41:20 AM |
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Please don't do that. The volatility of bitcoins is still way too high to consider it as a cash alternative for all your net-worth. Diversification is always good and it always pays to have cash. If you dont trust your local currency, then hold USD or some other reserve currency like Euro, S Franc or pound. Way too risky.
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nmaryrai
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October 05, 2017, 11:46:12 AM |
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I think you are very passionate if you invest all the money you have in bitcoin, because with the condition of the very fluctuating bitcoin price this makes bitcoin very risky. So if you want to invest all your money in bitcoin I think is not the right thing
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Juggy777
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October 05, 2017, 11:46:21 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!
I do love Bitcoins, and I get it, you feel that instead of keeping money in banks, you want to put it all, in Bitcoins so over a time your money makes you money, while the quote no risk no reward is nice, but going all in is risky yet one of the best way to make some money. Risk what if the value devalues, you could make some huge looses, if you need it urgently. Again if the prices shoot up you could have money that your bank's could never have made it for you. I would suggest to invest, but not all. Buy in every dip, and have liquid cash for emergency use. |
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loreykyutt05
Sr. Member
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Activity: 434
Merit: 250
Free Crypto in Stake.com Telegram t.me/StakeCasino
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October 05, 2017, 11:46:46 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 was and will always be but just for your information other people who take the risk just a year ago already taking their good profits , if you are really a risk take carer then it may bring you a good profit in a nice future but always take in mind that invest only what you can afford to lose |
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Allan Ramanda
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October 05, 2017, 11:47:20 AM |
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of course they are risky. for me if investing in bitcoin I always feel a little worried, because I am afraid to lose my money, let alone bitcoin is digital currency, if I keep it dibank although have a little profit but my money feel safe. because the bank has a high responsibility.
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Bakemat
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October 05, 2017, 11:53:38 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 is risky to turn all your money to bitcoin because what's if you have an emergency ? we know that the bitcoin is need an electricity because it is on living in the online world so if you exchange your money all to bitcoin it may have a risk emergency it means you need as soon as possible. i understand you why you want to turn all your money into bitcoin rather than save it to the bank. because bank its have an little by little stealing your savings. but my point is you don't need to change all your money. because if you do it nothing left on you. |
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Chairul Muttaqin
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October 05, 2017, 11:54:32 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!
where do you live? it is fine if you want to turn all of your money to bitcoin as long as you can use it for purchase your daily need. there are some countries friendly bitcoin, if you are live in that place, you should do that because the more bitcoin you have the more profit you can get. |
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Naughty Princess
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October 05, 2017, 12:03:07 PM |
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of course they are risky. for me if investing in bitcoin I always feel a little worried, because I am afraid to lose my money, let alone bitcoin is digital currency, if I keep it dibank although have a little profit but my money feel safe. because the bank has a high responsibility.
It is risky to turn money to bitcoin to have an investment. I prefer to collect bitcoin through bounty campaign that can be use to invest. Bitcoin is volatile and do not know when to gain more profit so better to start with a capital with similar kind of currency which is decentralized. |
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suryati
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October 05, 2017, 12:20:01 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!
my opinion you should not invested all your money in bitcoin, because bitcoin prices are still very fluctuating so the risk of price down can happen, so it's better before you want to invest all your money into bitcoin you should think about the bad risks that will happen price down and you will probably hold BTC for a long time to get profit. |
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VanDeinsberg12
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October 05, 2017, 12:22:00 PM |
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Please tell me which investment that's not risky even a little, all of them are risky, and investing in bitcoin is risky too, that's why you should not worry about the risk but aim for the profit instead.
But, one important reminder, the price of bitcoin could fluctuate very hard, even a news could affect the whole market. but, more fluctuative, more profit.
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CryptoBeefy
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October 05, 2017, 12:22:38 PM |
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With high risk can come high reward .... or a tragic ending  |
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xvids
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October 05, 2017, 12:24:05 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!
Of course it is everything has it's risk and we all know that the price of bitcoin is not stable, You could lose some of it in bitcoin but if you are looking for a long run then I think it could be safe , It all depends on you it is your money so be careful about it. |
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amandavsc
Newbie
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Activity: 17
Merit: 0
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October 05, 2017, 12:24:40 PM |
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yes, the risk is high. you should never put all the eggs in one basket.
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