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ekans45
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January 08, 2018, 01:24:41 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'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. Before you make such a drastic move, you should study first the risk and the factors that affect it. In that way, you can manage your money wisely. Remember that the actions that you will make today, will be affecting your future. Bitcoin is very volatile, but, if you know when to sell, buy, and hold it, you surely have a higher percentage of getting a good profit. |
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jafurih
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Activity: 20
Merit: 0
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January 08, 2018, 01:27:34 PM |
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Bitcoin is best investment, but it is unstable currency.bitcoin price may rise and fall.turning all money bitcoin is not fair,it depends on your luck.
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congtuan001122asd
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January 08, 2018, 01:38:45 PM |
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I think it's absolutely risky to turn all your money into bitcoins. The future of bitcoin is unstable, and the government will ban the bitcoin in the near future. The value of bitcoin is unstable.
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hassan.shakeel.rajpoot
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Merit: 9
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January 08, 2018, 01:41:27 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!
it is risky now. because the price is not stable right now. when the price gets fixed then it won't be a risk. but if you are looking for profit, then you should invest now because it's rising again. |
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kakrotssj1
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Activity: 32
Merit: 3
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January 08, 2018, 01:44:23 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!
it is risky now. because the price is not stable right now. when the price gets fixed then it won't be a risk. but if you are looking for profit, then you should invest now because it's rising again. But what if I invest in altcoins as well? Would it be risky? And when will the price be stable? |
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futurebitcoins
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January 08, 2018, 02:30:03 PM |
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I think it's absolutely risky to turn all your money into bitcoins. The future of bitcoin is unstable, and the government will ban the bitcoin in the near future. The value of bitcoin is unstable.
You are correct; if our governament ban bitcoin and all exchanging sites closed, then it is a huge loss. So don't keep all your money in Bitcoin. |
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yamete kudasai
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Merit: 26
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January 08, 2018, 02:57:42 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!
bitcoin is a very good investment but turning all your money to bitcoins is risky. the value of bitcoin now is not stable, even though the current price of bitcoin now is in high value their is possiblity that it will dump and can cause a loss to you .So its better save money by your own incase the bitcoin dump you still have money. |
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Bitcoinbitcoin0909
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January 08, 2018, 03:07:56 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!
We all know that every business or investments are risky as what as bitcoin. If you turn all your money in bitcoin you cannot assure if it will be profitable or not since 'you are not sure' what if the bitcoin falls down, your money will be affected, you will be affected. You don't have any money to use for your daily needs. So for that, do not take or turn all your money in bitcoin. |
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ramzhies
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January 08, 2018, 03:16:51 PM |
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it is risky. obviously you can see how volatile the market is.. but as the old saying, the highe the risk, the higher the reward
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TradeCrypto
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Presale is live!
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January 08, 2018, 03:22:31 PM |
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Yes , it’s risky to turn all your money to bitcoin until you have confident enough about bitcoin process and profit . If you know all about bitcoin and it’s market it’s nothing you can invest all your money and you can earn like anything but without knowledge if you want invest it’s very risky.
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johnyespapa
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January 08, 2018, 03:32:07 PM |
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Yes ofcourse putting all your money in one coin is dangerous,do not put all the eggs into one basket.
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genology
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January 08, 2018, 03:34:59 PM |
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It is risky and not a smart way on handling your money. In investing, one must know how to diversify its money to reduce risk and generate more passive income. Instead of just putting it on bitcoin, put some of it also to other cryptocurrencies and investment options out there.
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teejayrichard2
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January 08, 2018, 08:33:10 PM |
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In as much as bitcoin is a lucrative investment, I won't advice you turn all your money to bitcoin. Bitcoin has a risk meaning it might go down in future and if this happens you won't be smiling. Invest part of your money in bitcoin and keep the rest.
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Valentina N
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https://www.swanfinance.io/
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January 08, 2018, 08:42:33 PM |
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Life are full with different risks and yes investment are high risky also!
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Earn 20% interest in staked crypto with #SwanFinance 🦢
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RakknRoll
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January 09, 2018, 05:32:53 AM |
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Maybe its too risky because you did'nt know when it will rise but when you want to earn more money you must take the risk in investing it.
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Xxmodded
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Seabet.io | Crypto-Casino
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January 09, 2018, 05:55:43 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!
a choice that will determine a person's life. yes like what you say, I think it's very risky on the basis of unfounded speculation. so it's best to include knowledge, investigation and analysis. |
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pocketfullofpoke
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www.daxico.com
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January 09, 2018, 06:50:44 AM |
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Yes it is because the moment bitcoin will plunges deep, all your money invested on bitcoin will also suffer. It's always better to diversify like 50% of your money will be invested on bitcoin while the other 50% on other crypto.
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Kiweikoo
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January 09, 2018, 07:38:25 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!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some. By all my money, I am pretty sure he means all of his saving or the extra money that he does not need to use for his daily needs and that is very safe. However, if he literally means all of money then definitely it is not a wise action to convert it all into bitcoin. He will earn great profits this way but we all know that bitcoin is not accepted by all shopkeepers. It still has a long way to go before it goes mainstream. |
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megatrix
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January 09, 2018, 02:07:06 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'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 highly risky knowing that the bitcoin rating is not consistent so it could either increase or decrease the worth of your invested money. |
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haster100
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Activity: 154
Merit: 10
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January 09, 2018, 03:56:00 PM |
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Yes, it's risky, because even the value of bitocoins is very high today. Nevertheless, we did not know if it would continue to bloom in the future, but I think that everything is positive, like everyone else, and continue to support the bitcoins industry.
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