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Author Topic: is it risky to turn all my money to bitcoins?  (Read 37267 times)
felicanoma
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December 11, 2017, 12:56:09 PM
 #2241

Of course it is very risky and very not recommended, suppose you want to invest try some first to make sure, do not direct you input everything because we do not know up and down its bitcoin.
currently bitcoin is very tempting for everyone but we must be smart also in stepping so we do not fall fall.

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rfj
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December 11, 2017, 03:08:45 PM
 #2242

It's very risky to put all your money in bitcoin, actually not only in bitcoin in all investments. Don't risk everything in bitcoin because despite of bitcoin's value, it's still an unpredictable and unstable which can make all your investments lose in the small period of time.

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December 11, 2017, 03:25:20 PM
 #2243

Even if your are investing half or a quarter or any of your money is already risky, how much more turning ALL you money into bitcoin. Everything here is risky but the thing is, you should know what you taking risk of. You should understand how to manage your loss and expectations. No matter how high the bitcoin has become, you should not invest all of our money. Spare a little to the bank and elsewhere so you will have the option when things go wrong.   

nipu
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December 11, 2017, 03:45:13 PM
 #2244

yes it is too risky. Because no one one bound to give us our money back if anything happen. If you ready to take much risk you can put your all the money. if not you can put half of money. it would better because growth of bitcoin will give you much profit.
tigan_gangmei
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December 11, 2017, 03:47:28 PM
 #2245

Risk=Rich. That's the simplest equation.

Tigan_Gangmei
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December 11, 2017, 03:58:56 PM
 #2246

I think it's very risky if you trade all your money into bitcoin, the bitcoin price is now going up, but we have to see any future can happen including the drop of the bitcoin price. It's good for you to exchange half or some to avoid that risk.

Nearly, it is not a big risky but it is not a right that we use our all money on bitcoin or any other investment. But i rely on bitcoin and bitcoin always give us profit so i never see anything bad on bitcoin. I want advice you better to use your half capital in bitcoin and then testing it and if you get success with bitcoin then invest more.   

I can't see why people are asking to turn their all money into bitcoin or other coins. They don't have to do this. There are more options such as moving with portions of the money while buying and getting bitcoin.
Lookjoz
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December 11, 2017, 03:59:04 PM
 #2247

Yes it is very risky, because bitcoin still many do not know, and the Indonesian government also has not inaugurated for bitcoin.
Meepospammer
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December 11, 2017, 04:23:51 PM
 #2248

Yup, it's very risky. It's value is volatile though we know that it will always go up. Aside from it, your money will be prone to hackers and once it's hacked dunno how bad you would feel
dotcomwriter
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December 11, 2017, 04:28:53 PM
 #2249

It may be risky if you rely on that money for daily survival and paying your bills. However, if it is meant for investment, there's no risk because different ventures have different challenges. If you start a business, there's a possibility of it failing or succeeding, none is guaranteed. So if you are afraid, you can't make any progress in bitcoin investment.

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December 11, 2017, 04:30:00 PM
 #2250

yes it is risky to turn all your money in bitcoin because of bitcoin's volatility. It will be good to invest half of your money in bitcoins and left the 50% as fiat money.

mhaecel
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December 11, 2017, 04:33:39 PM
 #2251

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
never do that, you should invest in many things, many coin ect. don't bring all your money for buying bitcoin, it's not a wise chose
It's very risky to spend all your money on Bitcoin. If the purchase is made during a dip then there will be a much better chance of survival lol.


It reminds me of the article I had read, I man decided to invest his money into bitcoins three years ago if I remeber it right and he even sell properties to buy bitcoins and know what happen? Now he is currently travelling making their family's dream of traveling all over the world and staying on luxurious hotel. If you put all your money into btc now, it's possible you ended up like him after a couple of years but also possible you end up with nothing.
Mymikagab
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December 11, 2017, 06:34:27 PM
 #2252

it's not too risky to invest all your money in bitcoin. because bitcoin is any indemand and this test and its increase is not a joke. do not be afraid to be wise
ZZ111
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December 11, 2017, 06:39:35 PM
 #2253

I'm all in.
MSdosOutput
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December 11, 2017, 06:45:25 PM
 #2254

Yes. It is a great risk! Never try to put all eggs in the same basket.
Sum24
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December 12, 2017, 05:17:00 AM
 #2255

It's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.
We are living in a world where almost every move you make, you always take the risk, specially when it comes to saving or where to put your money. The best way to minimize the risk of loosing all your money is to manage it correctly, try to read topics that involve wise decision in saving. If you concentrate your investment in only one way, like bitcoins, it is almost impossible for you to counter the fall if it unexpectedly occurs.
Yes it’s not a good idea to turn all your money in bitcoin even rich people are not doing it and it’s a kind of greed if you invest your little part of money in bitcoin so it can make your money double and I will tell you about y self at the time when I was joining bitcoin so there was no money with me in my pocket and I take a start with little amount of money and now I’m one of the good investor and trader in bitcoin so start with your amount and make it double.
nextcrypto2401
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December 12, 2017, 05:30:35 AM
 #2256

putting all egg in one basket its always risky for wise investor never pull all investment into one nature of investment products its must be diversified
19faraon88
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December 12, 2017, 05:36:02 AM
 #2257

Yes its risky if all our money should invest to bitcoin. We should keep some of our money for our daily needs and for our family. But if the world already accept the bitcoin. and can be used to all stores.. Maybe its the time to invest all our money to bitcoin.
Stac
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December 12, 2017, 05:57:42 AM
 #2258

The market is highly volatile and we cannot predict what is to come in the crypto market. The Bitcoin market always shows a huge leap in the crypto market every year in the beginning of 2017 the bitcoins started of with $ 1000 and now the value has surpassed $ 16619 which is a positive sign and it proves that it is a good investment and it will increase your investment by more than 20 thousand times than the current value of bitcoins. I would not suggest to put all your money in a single basket as it is too risky you can consider putting half of your earnings to the bitcoins, still you will get good returns on your investment.

Chris314
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December 12, 2017, 05:59:10 AM
 #2259

Bitcoin isn't regulated, so its price can go up or down very quickly. What if bitcoin tomorrow has a security fail and its price drops significally? You've lost all your money.
Don't invest more than you can afford to lose on a volatile cryptocurrency.

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charlemagne_15
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December 12, 2017, 06:02:55 AM
 #2260

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
We all know that the value of bitcoin is very volatile wherein as you earn here there are chances that your money will grow or fall after a long time. Turning all your money to bitcoin can bring you a lot of benefits if ever the value is rising or being pumped. The risk here is the possibility that the value will fall for some reasons but as you risk it all, you can have the chances to win at a higher rate.

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