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Yur
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January 18, 2018, 10:25:23 AM |
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It is very risky, and definately I would not recommend it. What I would recommend is to take 1 -10% of savings and invest that in Bitcoin or other criptorurrencies.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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lifengpu
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January 18, 2018, 10:28:17 AM |
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Of course it's risky to turn all the money into bitcoin, you better make a part of this investment look a bit like everything will pass if you are satisfied with this and then take such a serious step
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DexterRock
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January 18, 2018, 10:28:52 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!
@jonathan6655321 Did you invest all your money into BTC? You posted this thread in October 17, when BTC was pretty cheap, way before the insane run to 19000 USD. |
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aryani
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January 18, 2018, 10:30:41 AM |
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Any form of investment must have risks. Especially you want to invest all your money into Bitcoin. Because Crypto currency has high fluctuation value. So, the risk of your money will be great. However, the profit if the Bitcoin Price goes up, would also be great. So better set aside a little of your money and do not invest all your money for one purpose. Great Opportunities, Big Risk. This is crypto.
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genology
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January 18, 2018, 10:33:20 AM |
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It is unwise to spend all your money in one investment since everything depends on it. It is better to have a back up investment to support you whenever one investment goes down. As you can see, these cryptocurrencies are not stable. They can go up or down anytime.
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jahmes123
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January 18, 2018, 10:35:15 AM |
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Yes if course you have to be cautious about it you might just end up having nothing or less than what you have invested.
You should just have to remember that in investment you just have to invest what you can afford to lose.
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Pejoh Asu
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January 18, 2018, 10:42:07 AM |
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It is unnatural to put all the money in bitcoin, let alone bitcoin using a decentralized system that we never know with what bitcoin future would be like, if any country legalizes or uses bitcoin then this does not guarantee the price will continue to rise.
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dammang
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January 18, 2018, 10:47:12 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!
make a study first after you invest your money on the business you like,just like also in bitcoin if you don't know how is it,a lot of bitcoin user ask help to them and study at the same time, |
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CrazeCoinz
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January 18, 2018, 10:47:20 AM |
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Every investments has corresponding risk. In bitcoin the risk is much much higher than in a bank. Investing in bitcoin can double your money in a couple of months or you may lose it all. You need to study first how bitcoin market works.
I suggest you to invest lesser amount that you can afford to lose. Once you had master the crypto market you can invest also in some alt coins to diversify your investments. Have patience and do not panic.
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jundy020
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January 18, 2018, 10:47:55 AM |
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of course it is risky to invest all your money in bitcoin specially this month that the bitcoin price are still going down and almost all cryptocurrency as well. If I were you, I will only invest if there are symptoms of stabled price and I will only invest half or one-fourth of my money
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newb-dev
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January 18, 2018, 10:47:58 AM |
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The guy who advised me to get into the electronic coins, always said: "invest how much you are willing to loose (just in case something happens)". I didn't sell my car to buy bitcoins but I invested how much I could. Don't turn all your money to bitcoins but turn as much as you afford.
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YzzyGo
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January 18, 2018, 10:48:05 AM |
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Very risky. As of today Bitcoin is at a low price so a smart trader would wait for the bottom and start buying when the decline is nearing it's end. But don't put all your money into bitcoins. Try the stock exchange or just keep some as emergency funds.
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Gummybear67
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January 18, 2018, 10:52:39 AM |
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I think your decision is very risky. It's unwise to invest all your money in bitcoin. Bitcoin is not stable and you need to diversify your investment.
The existence of bitcoin enclosed with inherent risk and turning all your money would be reckless because bitcoin lacks a guaranteed value. |
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DarLim11
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January 18, 2018, 10:57:57 AM |
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That is not a good idea when you are doing an investment because if suddenly bitcoins value decreased or totally lose all of its value all your hardworked money you put in will be lost. The key for being a good investor is to diversify your funds into multiple investment that will prevent you from losing all your money and also inrease the chance of you earning.
Always save some for yourself, something you can get if you suddenly need it.
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Parwesh Chaudhary
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January 18, 2018, 11:01:12 AM |
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Since the market is volatile, it would not be a wise decision to put all your money on Bitcoin.
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fianaindriati
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January 18, 2018, 11:22:53 AM |
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I think your decision is very risky. It's unwise to invest all your money in bitcoin. Bitcoin is not stable and you need to diversify your investment.
The existence of bitcoin enclosed with inherent risk and turning all your money would be reckless because bitcoin lacks a guaranteed value. it's better to find the bitcoin do not use your treasure, because it is very risky, let alone our treasures we have been looking for with our lousy characteristics, and we take high risk by exchanging into bitcoin. it's better to search for small bitcoins first. |
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Coinsher
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January 18, 2018, 11:55:57 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.It's too risky and remember bitcoin is volatile.Anytime there would be changes especially now.It's better to save it or invest it in your desired business.Never turn all your money in any investments,it will bring you down.Just wait for the right time when bitcoin's value become stable.And remember,don't put all.Just take the half of your money,keep it and the other half invest it in bitcoin because you will gain profit here. |
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gakadem
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No success in a short time
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January 18, 2018, 12:19:23 PM |
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yes that's true, remember the bitcoin and fluctuations are not erratic
this is almost like a gamble I guess, I would think twice to stake all my money in bitcoin
I can not take the wrong decision
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reveal
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January 18, 2018, 12:23:42 PM |
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Always diversify your portfolio as the saying goes
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bantrex11
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January 18, 2018, 12:26:15 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 you do not know what really happens if you turn all your money in bitcoin but if you really want to invest cut it into two, invest the half and save the rest. |
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