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cryptojoe
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January 18, 2018, 12:26:55 PM |
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No. People do it all the time.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Jessy Mediola
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January 18, 2018, 12:36:02 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 is so risky to turn all my money to bitcoins since we all know that bitcoin now is getting low or falls down due to some banning of other country. And it is very risky to invest since the value of bitcoin is not that good. You may invest in bitcoin but save money for yourself so that in case that you are experiencing loss you have money to use. |
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cryptojoe
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January 18, 2018, 12:38:16 PM |
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Diversification should be done in terms of investments.
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kevindeangelis
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Activity: 448
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3D-Printing goes Blockchain!
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January 18, 2018, 12:39:28 PM |
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For me, i find it very risky. Some altcoins are so good and i have some expectations so i prefer to wait and see what’s happening. I really think this is a better option. We’ll see if i’m right  |
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Wong Gendheng
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January 18, 2018, 12:56:28 PM |
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Yes definitely, it is very risky to put all the money in one place ie bitcoin, as happened a few days ago will make everyone stop beating because the price keep dropping to below $ 8000, but fortunately the price back reach $ 11,000.
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carlisle1
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January 18, 2018, 01:24:24 PM |
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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. its not only risky.but its crazy why need to put all your money in bitcoin when the motto of crypto says INVEST WHAT YOU CAN AFFORD TO LOSE.and besides i doubt it that the OP have the balls to such thing. But speaking for my self,i will only invest half of my funds so i have enough capital if bitcoin fails me |
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omerL
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January 18, 2018, 02:38:05 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!
I think it is. How much I believe in Bitcoin and the alts it is still an unknown market. |
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Cryptotango
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January 18, 2018, 02:38:47 PM |
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Sure it's risky. Still bitcoin is so volatile you can easily lose a bunch of money right the next day after you transfer your fiat to bitcoin. But you can also get a bunch of money. You can never know for sure, that's why it's risky. Turn just a part
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Carlsen
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January 18, 2018, 02:42:54 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!
Investing all mones in just one asset is always a risky thing. There is always the chance that your expectations are not fulfilled and your money is gone. My strategy is to spread the investment as good as possible. That will not bring you the most profit, but it ensures against totall loss. And to avaoid losing money that is the most important thing at investments. |
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posesion19
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January 18, 2018, 02:52:41 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 is risky,because bitcoin is volatile.As a result of investment is certainly a risk |
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Coup De Grace
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January 18, 2018, 03:03:00 PM |
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Yeah its truly riskiy if you invest in bitcoin But its in you if you know how to play with it and to make it double as how much you have invested on it.and also to be alert on the prices of it ..Bitcoin's prices realy are not so stable tho..but its the best Investment youll ever do if you just have it
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gandame
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January 18, 2018, 03:06:35 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 its risky any investment involving money are risky maybe invest some not all your money for your own safety. Bank is a good one where you can keep your money but not give much interest but its okay to than to invest all. |
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Ethernel
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January 18, 2018, 03:20:12 PM |
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Of course it is, just like stocks although BTC is steadily increasing in price aside from up and down in the past
But still do not put all your money into one basket, diverse your investment
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Gargo
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January 18, 2018, 03:51:50 PM |
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I think so. The bitcoin market has big fluctuations. You can make money, and lose a lot of money.
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dhrazzen
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January 19, 2018, 09:42:42 AM |
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In my opinion it depends on how you play the game of bitcoin. Bitcoin may pump or dump its value but try to involve your money in trading and be wise, maybe you may take the risk. Eventhough it is risky but when the time comes it may doubled your money.
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phucngungoc
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January 19, 2018, 09:47:47 AM |
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if you leave money in the bank. Interest is only 1.6% a year, if you invest in bitcoin. It had a 500% interest rate in just a few months. 1 simple problem. However. leaving money in the bank will be no risk.
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fleda
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January 19, 2018, 09:51:07 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!
I think it will be risky if you turn all your money into bitcoin. We all know that bitcoin is volatile, we might get loss profit or gain profit. Maybe it is not risky if you turn your money into bitcoin if bitcoin price is very low. One more thing is, in our country if you put your money in bank you will get an interest but its just little. |
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Traslavin
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January 19, 2018, 09:56:11 AM |
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Of course it is, just like stocks although BTC is steadily increasing in price aside from up and down in the past
But still do not put all your money into one basket, diverse your investment
Its always risky of course, imagine that you are turning all your money into bitcoin? Why don't you try even at leasta20% of your money righ. I guess the reason why we are here in this kind of business, in this kind of digital world is to earn a coin much better if it were bitcoin then we are aiming to make it as our investment and we convert it into fiat. |
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marshal17
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January 19, 2018, 10:12:11 AM |
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How do i remove my 2fa code feom my bitxoin wallet
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DRVX
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January 20, 2018, 10:47:17 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!
Looking on the thread it seems like great discussion is happened here. That’s really interesting because the answer on the question is very simple it is too risky to put all your money into one pocket. |
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