samporna
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January 21, 2018, 12:10:45 PM |
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That was very risky because all the money you in bitcoin and can make you uncomfortable because there is no regulations set by the state.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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ongels
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January 21, 2018, 12:13:51 PM |
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Yes very risky to turn all your money in bitcoins but the rewards are very promising which will totally changed your life, Remember bitcoin expands and rises its value so fast, the reciprocal of it is also the same when it turns to decline. Invest a worth something you can afford to lose:)
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icoprofits
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January 21, 2018, 12:19:10 PM |
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yes it is risky to turn all money to bitcoins u never know what will happen if any sudden dump happen then u may end up with mini heart attack
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babala
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January 21, 2018, 12:23:56 PM |
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Dont turn your all money to bitcoin. As of now, only limited store accepting bitcoin as mode of payment. So once you convert it all, what will you use to purchase something you daily need. Wait for the time that bitcoin is accepted nationwide.
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Blue2012
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January 21, 2018, 12:26:48 PM |
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Definitely Yes, putting all your money in bitcoin is indeed risky. Because crypto world is very unpredictable, nobody knows what will happen next. But if you’re willing to take the risk, there are only two possible things that could happen. It's either you'll end up rich or broke.
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bitcoinsocial09
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January 21, 2018, 12:34:49 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 to turn all your money in bitcoin. So that you should be wise in taking risk. it is better to Turn the half of it in bitcoin and the other half should stay in your local money. It is better to try first because it helps you to not regret on the things that you do. You should think wise before do an act. |
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Nyeyzel
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January 21, 2018, 12:54:21 PM |
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Yes, it is risky to put all your money because bitcoin don’t have the stable or volatile rate you should understand the risk of doing it no one knows when it fall or will increase. You must know fully how bitcoin works if you do. You should ready for losses, And if you convert all your cash, you don’t have money to buy your daily needs.
Bitcoins are a nice investment, but again you never know what will happen. just follow the saying Do not put all your eggs in one basket.
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ruchi85
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January 21, 2018, 12:56:31 PM |
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You surely cant be serious. Nobody in their right minds would invest all their money in crypto. Its high risk, several weeks ago someone invested all their Ethereum in litecoin and lost massively. You should never ever put all your eggs in one basket.
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RSM0103
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we're Radio, online!
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January 21, 2018, 12:57:52 PM |
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Yes in crypto you must take risks, but when that risks will hit youll be a millionaire in an instant though bitcoin never fail to increase it value and give profit out of your investment.
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@minajeryll
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January 21, 2018, 01:06:57 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's very risky. If I were you, I will not turn all my money to bitcoin. Maybe some or half of it, and try to invest what is left to another option. Invest it to business or maybe save it for your daily needs. |
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vionas
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January 21, 2018, 01:08:10 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 very risky to turn all your money into bitcoin, better half of your money is converted into bitcoin, it would be great. |
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Chinatsu Akasaki
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January 21, 2018, 01:10:34 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 very risk and not advisable. Turning all your money into bitcoin is not ideal. Its like putting all your eggs in one basket. You never know what happens next in bitcoin, and it can possibly get lost one time. We should only invest the money we can afford to lose. And putting money in a bank is also good, for it serves as our savings in case of emergency. |
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befriendmywater
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January 21, 2018, 01:28:19 PM |
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Holding Bitcoin equally holding the risk in your hand .But every risks can make you a good profits with it, that why people are investing in Bitcoin with any price. Some win some lose but looks like the crowd will be bigger in the future.
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didik12
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January 21, 2018, 01:44:43 PM |
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I think they had posibility that bitcoin become risky when you turn all your money in the bitcoin. Bitcoin is open source we didint know and predict what happen in one time. As a bitcoin is a open source of income of other users, one time your account become hack so it is risky to turn all your money in bitcoin and it is a digital currency is not a stable price.
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Despacito
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January 21, 2018, 01:45:39 PM |
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It is very risky to turn all your money to buy bitcoin because the price of bitcoin unpredictable. So my suggestion is use half from your money to buy bitcoin. Dont sell anything like car, or house or land to buy bitcoin. Just use your money you have now.
This is not only for biticoin, this is also valid for other coins because the risk maximizes if you go all in with one coin. Never take this sort of like risk not to lose your all capital. Diversify your capital. |
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iv4n
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January 21, 2018, 01:54:25 PM |
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It is very risky to turn all your money to buy bitcoin because the price of bitcoin unpredictable. So my suggestion is use half from your money to buy bitcoin. Dont sell anything like car, or house or land to buy bitcoin. Just use your money you have now.
This is not only for biticoin, this is also valid for other coins because the risk maximizes if you go all in with one coin. Never take this sort of like risk not to lose your all capital. Diversify your capital. People can't see the bigger picture, most of the people. They are doing things and later regret cause they didn't think enough about what they are doing. This question is stupid, is it risky of course it is, but everything is a risk you need to calculate risks and return's, possible loses I'd you wish to do something right. Getting in bitcoin with all you have is risky, but if you believe in bitcoins so much then do it, but always be aware of the risk you take and possible outcomes, create exit strategies to protect yourself as much as you can. |
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Rodeo02
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January 21, 2018, 02:05:33 PM |
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It is very risky to turn all your money to buy bitcoin because the price of bitcoin unpredictable. So my suggestion is use half from your money to buy bitcoin. Dont sell anything like car, or house or land to buy bitcoin. Just use your money you have now.
This is not only for biticoin, this is also valid for other coins because the risk maximizes if you go all in with one coin. Never take this sort of like risk not to lose your all capital. Diversify your capital. People can't see the bigger picture, most of the people. They are doing things and later regret cause they didn't think enough about what they are doing. This question is stupid, is it risky of course it is, but everything is a risk you need to calculate risks and return's, possible loses I'd you wish to do something right. Getting in bitcoin with all you have is risky, but if you believe in bitcoins so much then do it, but always be aware of the risk you take and possible outcomes, create exit strategies to protect yourself as much as you can. ' yes you dont have to depends what may other gonna tell you on how you must gonna do but based on what they have been experience for you may have some lesson to be learned on it so better to be more thin for what may be the best for you. turning all capital are not as bad but always ready that you may have to be take the risk of it. |
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codpku
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January 21, 2018, 02:12:44 PM |
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Very risky and not really wise to do that, if you want do mining thats okey with 1 rig and get money from that and buy another 1
But if you dont want to use your money just do all the bounty in this bitcointalk forum
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Kittygalore
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January 21, 2018, 02:23:05 PM |
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It is unwise to do so, what if Bitcoin value drops dramatically? All your priced possessions and things you hard-earned for will be turned to nothing. It's alright to put a little of your money ojto bitcoin investment. And then study the market in orser for you to be informed of the upcoming major Bitcoin Value Fluctuations.
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babysweetTiger0401
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January 21, 2018, 02:56:58 PM |
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Yes. It is risky. Because Bitcoin is not yet acceptable by many. So if you needed cash for emergency, it is hassle for you to convert first your Bitcoin into cash. Not unless you'll pay, for example a hospital a Bitcoin for your hospital bills.
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