jekanmasin
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Activity: 240
Merit: 11
Be Positive Always!
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December 26, 2017, 02:34:59 AM |
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before you turn all of your money to bitcoin make sure you already knew what to do first.instead of jump over to bitcoin without knowledge and lose everything before it started. to many peoples this day jump in bitcoin or crypto world without knew what to do and end losing their saving. just always read and learn before making any big move.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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ApocalypseNow
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December 26, 2017, 02:54:03 AM |
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If you really know what inside bitcoin which is its tech and not just an ordinary trading assets then you won't see it as high-risk and instead you will see it as a very profitable win-win investment.
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zhopas
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December 26, 2017, 03:05:23 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!
Yes it is risky to turn all your money in bitcoin because you did not know where it will rise or down. But taking the risk is a part of it for us to earn a lot. If we are afraid in taking the risk we do not have a better future. Taking the risk make us strong so that it is better to take risk than have nothing in future. |
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Tiktik
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December 26, 2017, 03:32:10 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 and no doubt for that because bitcoin is a volatility currrency so you should need to get more information andcknowledge about bitcoin before you invest all your money in bitcoin do remember that just buy bitcoin if the value is low. |
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Bitcoin1216
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Activity: 364
Merit: 10
Pawsome
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December 26, 2017, 03:57:01 AM |
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Yes, putting all the money into bitcoin is a very risky thing, as we know that bitcoin investing is a high risk so it can make our money run out in a short time. ideally is not more than 45% of all our money.
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spiritguardcharles
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Activity: 104
Merit: 4
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December 26, 2017, 04:00:00 AM |
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It's not really advisable to pull everything you have on btc because there's still no assurance for a long term period of btc.We should atleast play safe when it comes to money because it's still to risky specially btc is continually changing over a year so it's no reccomendable to invest the 100% of your money in btc
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romina0310
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Activity: 20
Merit: 0
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December 26, 2017, 04:02:14 AM |
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Yes it is very risky. You have to know and understanf what you're up to, before you turn all your money into bitcoin. It increases its value, but there are times when it decreases, thus, you are still unsure of its value once you already need your money.
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rickn
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Merit: 10
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December 26, 2017, 04:07:43 AM |
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Of course it is a very risk strategy. A said says "do not put all your eggs in just one basket".
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jeanpadel14
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December 26, 2017, 04:28:52 AM |
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You should not put all the your money in bitcoin.Yes there is risk in investing in bitcoin because the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear. This uncertainty surrounding Bitcoin’s future is reflected in its price volatility.
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Vaculin
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December 26, 2017, 04:30:36 AM |
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Of course it is a very risk strategy. A said says "do not put all your eggs in just one basket".
That's the standard in investing, never put all your eggs in one basket to minimize the risk, we do not see the future so we can also lose. We have to be very careful in investing and we have to do our job which is to continue educate ourselves. |
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Asuspawer09
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Activity: 1652
Merit: 425
Cashback 15%
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December 26, 2017, 04:48:21 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!
Nothing could ever be risky if you are to put all your money in to something. Even though bitcoin is secured we still have to face the fact that nothing could be constant. But if you are looking forward on its future goodies then it would really be. It is just that we are not sure if the end you'll expecting is the same on what's gonna happen. |
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Gramna
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Merit: 16
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December 26, 2017, 04:51:44 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!
Well it can be risky somehow knowing that the value of bitcoin is volatile and there are a lot of possibilities in bitcoin that can happen anytime. If you want to turn all your money to bitcoin, it will be best to check first the situation in the market if the value is being dumped or not. It is very important because it is where you will depend about turning all your money to bitcoin. |
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regnidorhcs
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Activity: 173
Merit: 19
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December 26, 2017, 04:56:56 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 turning all your money to bitcoin, you should be atleast smart and wise before doing it. You can be smart by figuring out first what is happening in the market so you wouldn't end up loosing money as you turn it all up. You can benefit a lot if you are going to be smart that's why you shouldn't be careless with your decision. |
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yonjitsu
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Merit: 100
www.daxico.com
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December 26, 2017, 05:10:15 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.
That is true since bitcoin's price is volatile which means we can see a deep plunge of its market price and it may make you panic that would lead you to sell your bitcoins at a lower price which is a losing situation. So don't invest only in bitcoin and better yet find another stuff to put your money to. |
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Rosilito
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Merit: 274
Wish for the rain? Then deal with the mud too.
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December 26, 2017, 05:16:27 AM |
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Indeed risky, silly move and not even a wise choice. Well, lets talk about it. First factor, is that bitcoin is decentralize everyone in the world can work to earn this, and there are no such company, institution or organization who are managing to keep bitcoin running means it can be hacked in a blink of an eye, that will be so dangerous if you turn all your money to bitcoin it would be so easy to hack than stealing it in a real life. Second factor, is that bitcoin value is not stable you might get lucky or unlucky with that, it is risky well an opportunity at the same time. Lastly, is that bitcoin is not always there it might get disappear someday by that your money might get also disappear if you would turn all of it to bitcoin. So, all in all it is so risky.
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jangangilaya
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December 26, 2017, 05:16:37 AM |
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Another option is also available put some of your money into bitcoin and use some of them for other altcoins the reason is simple you will be relaxed because in these you will get a chance of becoming rich as soon as possible many people are trying to invest their whole amount of bitcoin for profit. Bitcoin is ready to make profit so it is good to convert your income into bitcoin and to make money from this decision.
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lelylely
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Merit: 10
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December 26, 2017, 05:17:37 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!
It is very risky if you invest in one currency. Indeed many are predicting the value of Bitcoin will increase, but it is not certain certainty. To anticipate it you can invest some kind of coins, while one down can be closed with the advantage of another coin. |
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Samsungnumbertwo09
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Merit: 10
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December 26, 2017, 05:25:09 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 because we all know that bitcoin is not permanent nothing permanent in this world just kidding haha I suggest that invest your money in bitcoin but dont give your all money.. |
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Kadal Ijo
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December 26, 2017, 05:42:58 AM |
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In terms of investment the opportunity of loss and profit is the same, of course it is very risky if we put all our money into bitcoin, although generally the price will continue to rise but this never guarantee 100% we will profit.
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Aprodite
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December 26, 2017, 05:44:23 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!
Yes, it's very risky to change all the money you have to bitcoin, but that risk can also be a huge advantage. Bitcoin can rise to very high, and can also go down. So you have to take a risk to make a big profit. You just have to wait and be patient, then you will get a satisfactory result. |
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