futuristic18
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January 15, 2018, 04:59:40 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!
Definitely its risky to put all your money in Bitcoin, in fact we should always put our money in different avenues to safeguard our interests in long run. In banks, its doing nothing just earning a simple interest but still safe. So in my view, we should keep always a small amount in bank too. Bitcoin is volatile hence not suggested to put all money. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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adekpulpen
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January 15, 2018, 05:25:11 AM
Last edit: January 21, 2018, 10:27:17 PM by adekpulpen |
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of course if you change all your money to be made bitcoin, but the risk is very small
because I'm sure bitcoin will continue to rise in price, no need to worry that bitcoin will not fall to zero
there is even the possibility of going up higher than the present
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Erlinda Santiago
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January 15, 2018, 05:42:40 AM |
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Ohh no!! Dont turn your all money into bitcoin vecause its very dangerous you can lost all of your money if you do that because bitcoin is vwey volatile and unpredictable so what if tomorrow vitcoin will get banned all over the world so what are you gonna do
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xpancrypto
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January 15, 2018, 05:44:47 AM |
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Yeah I'd say so. It's always good to diversify, but always remember not to put all you eggs in one basket
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Lovemae
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January 15, 2018, 05:47:29 AM |
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All Investment is very risky. Always remember don't put all your money in bitcoin because we all don't know what will happen in investment if you gain or not.
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feonaishere19
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January 15, 2018, 07:13:40 AM |
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Yes it is very risky. Why would you just put your money in one place? Put half in the bank and invest half in bitcoin. That a more safe option.
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Inn0vative1
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January 15, 2018, 07:22:14 AM |
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Bitcoin should be treated as any other asset class. It would be risky to put all your money into stocks, or into gold, or into real estate, and definitely more dangerous to do so with Bitcoin given it's price volatility. A safer and smarter option would be to hold a portion of your investment portfolio into Bitcoin, and other cryptocurrencies.
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Generalbablita
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January 15, 2018, 07:25:24 AM |
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Leave some in the bank so you have some sort of fallback. Then invest the rest. 50% I suppose is enough
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sudhirratra68
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January 15, 2018, 07:30:05 AM |
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Yes! It is always risky to invest all your money to Bitcoin because you never new what will happen in future, you may get profit or may go to loss. So it is better to make small investments and if you get profit, you may invest further.
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xuv500
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January 15, 2018, 02:06:42 PM |
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I don't think it's risky to invest all your money to bitcoins, however you may invest partial amount of your money in to bitcoin first and watch for the results. If you get the desired profit and feel that the money you have invested is growing and safe in bitcoin, then try investing up to 50% of your money. Until your country legalized bitcoin don't invest all your money in to it.
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baho11
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January 15, 2018, 02:10:09 PM |
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It is a huge risk to turn all your money into Bitcoins. Bitcoin is not a very stable source of investment and can sometimes be profitable to someone or sometime it can be risk factor. In your case it can be a risk factor. A portion of you money can be turned into Bitcoin. You need to understand that Bitcoin value is not fixed. It will not always give profit.
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SexForCryptos
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January 15, 2018, 11:24:15 PM |
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The sacred rule in cryptos is never invest money that you cannot afford to lose. This means it is risky. So all your money is NOT a good option.
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Amajaa
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January 15, 2018, 11:39:43 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!
Indeed.. It isnt necessary or you dont have to put all your money in bitcoin but at least invest some of it... Bitcoin kinda stressing sometimes for its ups and down value... Just invest only what you can afford to lose.. And read more to have more knowledge of you want to know regarding bitcoin. |
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tabas
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January 15, 2018, 11:41:24 PM |
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Including savings? It's risky but if you decided and you have a big trust that bitcoin can double everything you had then it's your choice. I wouldn't invest all things that I have even I trust bitcoin and I'm a bitcoin fan boy. I have other investments and I'm diversifying it as many as I can. I want to earn in different investments but there are people who all-in to bitcoin already.
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rinny
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January 15, 2018, 11:45:11 PM |
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Of course it is. Because a lot of hackers are busy with BTC so the chance of you losing everything is pretty high. And if BTC will become illegal? You will get destroyed by the government as if you were a pinata. But now it's a good investment.
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$$$sparkles$$$
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January 15, 2018, 11:47:39 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!
Generally yes. Bitcoin is now so unpredictable that it could crash or shoot up in a blink of an eye! It is not advisable to have all your goods in one basket. You need to distribute them to have more chances of gaining profit. This is basic trader's info which most are observing especially at this point. |
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sommii
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January 16, 2018, 12:02:47 AM |
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Not at all, just sell your car/house/whatever and buy BTC with all cash you can afford to earn soooo much money  |
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tech72
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January 16, 2018, 12:08:14 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 incredibly risky to turn all your money to bitcoins. Money "doing nothing" means it's safe! If you want higher returns then you need to take a risk. Putting money into a bank is safe. You get low return. Putting money into bitcoin is very risky. You can get extremely high returns but you could also lose all of of your money. This is not possible with a bank. Yes, this is what I would suggest too. Most of the people have suggested the same. First thing is you never put all your eggs in one basket i.e you shouldn't put everything into Bitcoin. Bitcoin is a volatile market and you should only put that amount into such market which you can live with even if you lose it all. The returns are too good but so is the risk of losing it all. So, don't put all in Bitcoin. |
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freshm4ker
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January 16, 2018, 10:04:44 AM |
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If I think it would be risky to turn all your money into bitcoin. Bitcoin is currently stable and always has a high price, but we can not predict the future for this crypto currency, nor the price. Bitcoin can be used and traded for years for sure, but the price is unstable or it can go down anytime.  |
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janaiz
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January 16, 2018, 10:13:49 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, maybe 30-40% of it maybe but not all, even if it increasing so fast this 2017 we still don't know what will happen in 2018 so it is better not to turn all your money to bitcoin. |
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