sirkings0003
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Telegram: https://t.me/ViolaAI
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January 08, 2018, 07:27:22 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!
Once you are not going to use this money soon, i advise that you convert it to cryptocurrency and invest. It will be wise you invest not just in bitcoin but also in other profitable cryptos that has great future. |
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Rooster101
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January 08, 2018, 07:28:23 AM |
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All investments has a varying degree of risk and cryptocurrencies is one of the riskiest investment but with high return if you have the patience to hodl it long. Turning all your money into bitcoin is risky especially if there is no more money left in your bank account. It's better not to put all your fiat in one virtual basket, you must some cash left in your emergency pocket.
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dx_twisted
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January 08, 2018, 07:33:17 AM |
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Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.
The good term that can be used here is experimenting, due to its unstable nature, which doesn't guarantee an investor will always win and gain profits at all times. Not unless that the money he is willing to sacrifice is just an excess which he could not decide where it should be allocated. Also, a knowledgeable and experienced person won't do the same act. They are wise enough to decide because of the success and failure that they have before. Doesn't matter if you are rich or poor, an investment always comes with risks. And we know a lot of people succeed doesn't all-in and gamble his or her future in a single investment alone. |
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mr.bean865
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January 08, 2018, 07:40:18 AM |
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Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.
The good term that can be used here is experimenting, due to its unstable nature, which doesn't guarantee an investor will always win and gain profits at all times. Not unless that the money he is willing to sacrifice is just an excess which he could not decide where it should be allocated. Also, a knowledgeable and experienced person won't do the same act. They are wise enough to decide because of the success and failure that they have before. Doesn't matter if you are rich or poor, an investment always comes with risks. And we know a lot of people succeed doesn't all-in and gamble his or her future in a single investment alone. Yes its risky to turn all your money into bitcoins. Rather then investing all in bitcoin, its better to invest in different cryptocurriencies so that chance of losses will be minimize and also run a small business in your town as well. |
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zulistt
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January 08, 2018, 07:43:35 AM |
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it all depends on you whether you trust bitcoin or not and you should see the performance that has been done bitcoin so far whether up or down so you could be unting if you have patience to wait for bitcoin to rise and if you are less patient can you very loss great because bitcoin requires your patience to benefit from the bitcoin itself
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BitNinja2017
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January 08, 2018, 07:46:01 AM |
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I don't think it's risky at all
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Wylie330
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New Era of Freelancing
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January 08, 2018, 07:48:37 AM |
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Investments have its own risk. In crypto world, the risk is so high because it is not regulated by our government. That is why anytime being your money may be gone when unfortunate happens. So again (many are always telling this), do not put all your money in Bitcoins or any other alt coins. Just invest what you can afford to lose.
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bigboss2
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https://bwex.co/
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January 08, 2018, 08:27:43 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 really risky to turn all your money to Bitcoin as you may loose your money in case Bitcoin value goes down. If you feel that your money is just getting wasted lying in the bank, you can find some other sources to invest besides bitcoin. |
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boakyei
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January 08, 2018, 08:55:26 AM |
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It is very risky. Let assume bitcoins is for investment purpose. If you turn all your money to bitcoins, and there is emergency or daily transactions , you need to be selling bitcoins everyday and the network fees along will eat all your money.
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Ailmand
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January 08, 2018, 09:06:27 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. It is, for sure! Bitcoin, or cryptocurrency in general, is already risky to begin with, and the fact that you are using "all" your money, perhaps your savings, makes it so much riskier that it already is. Although I agree that in the cryptocurrency market, every venture is some sort of a leap of faith, you still make calculated risks and not risk everything because once you lose it, it can't get it back, or not easily for that matter. I think if you are a started or a newbie, you should try it little by little, and invest part by part, instead of investing it in one big time. |
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soll-moll
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January 08, 2018, 09:11:58 AM |
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I think it is very dangerous, you should have enough living expenses. The price of BTC is volatile. If the price of BTC drops after you buy it, I think it will be a big blow to you.
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Maryqueen Finez
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January 08, 2018, 09:24:47 AM |
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In life,there are risks to make, but I you also want to be successful you need to be a risk-taker just be wiser.
Yes, I agree with you. There is a risk at all time, and if you are afraid to face the danger I think nothing will happen to you and your life's dreams, and you'll stay in the state of life you have today. Yes! The risk is there but if you are wise you'll gain here. All you have to do is study the movements of the coins and feel if the value is going up or fall. |
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anavir
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January 08, 2018, 10:00:09 AM |
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i think yes...you always can invest bitcoin but not all your money ...fifty percent of your money is enough then when you already have profit you add it to your capital..that way whatever happen their is still money in your pocket left
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12tribes
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January 08, 2018, 10:09:23 AM |
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Is it risky to put all your eggs in one basket?
If you correctly answer this you have your answer
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Fretcy
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January 08, 2018, 10:15:18 AM |
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Bitcoin is highly volatile in nature so it depends on each persons interest to turn all your money to bitcoins there are chances for the increase in price of bitcoins so it could be for the better, lets wait and see how the bitcoin market is working.
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laracastvue
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January 08, 2018, 10:17:42 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!
Yes it is very risky to turn all your money to bitcoins because the market is unpredictable, The price of your coins is not stable and because of it there is a 50 percent chance for you to either earn more profit or lose your coins, So just work hard in order to earn bitcoins or wait for the price in the market to decrease before investing. |
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vv181
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January 08, 2018, 10:22:26 AM |
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Investing all your capital to a single basket is risky. No matter what the price or you think the value of the coins is still undervalued, its still carry a great risk. Always think the worst case scenario, always expect the unexpected, it should be a great advice for you.
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SMAura
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January 08, 2018, 10:24:02 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 risky doing that because the value of bitcoin can fall down anytime so the best thing to do before doing that is to observe first what's happening in the market then if you are seeing that pumps are occuring, go ahead and turn all your money into bitcoin. In this kind of situation, it is not a good idea to be careless, you should atleast assess the situation first. |
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aroweyen
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January 08, 2018, 10:30:48 AM |
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Off course it is risky. In Lehman terms also its not suggested to keep all eggs in one bucket. Investing in Bitcoin involves very high risk, as prices have been extremely volatile. Even many experts are skeptical about bitcoin as an investment primarily because there is nothing for them to analyse. it is neither commodity, nor currency only a virtual currency. The lack of clarity about its origin is another big issue related to bitcoin. It can be very risky for businesses, industry and people to trade or invest in bitcoins as it is just a formula, not backed by any tangible asset, but by sheer demand.
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Nabilog
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January 08, 2018, 10:48:02 AM |
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Is not really a good to put all your money in a single investment even it is profitable.
Always keep a safety net on you cash when investing.
As John Maxwell said do not put all your eggs in one basket.
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