00DKM@
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January 25, 2018, 03:51:01 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!
You do so is very dangerous. I think you should not use all the money to buy bitcoin. The money you put in the bank will be profitable. If you buy bitcoin, in the future if the bitcoin price increases you will be profitable, but if the bitcoin price drops. Your Money will lost a lot. I think you should think carefully and make a decision. Wish you have a wise decision. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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MarySher
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January 25, 2018, 08:01:23 AM |
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I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value..
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Mei1418
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January 25, 2018, 08:04:41 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!
will be very risky, because the price of bitcoin is very volatile, which when the time may change, you may be very at a disadvantage until you cry, or you may be very profitable, maybe use some of it for bitcoin to anticipate big losses |
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laowang666
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January 25, 2018, 08:10:14 AM |
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Yes, the price of bitcoin is unstable. The price of bitcoin has changed a lot in the past month.
In January, the price of bitcoin went down a lot. If you bought bitcoin then, you might lose a lot.
But buying bitcoin as an investment is risky.
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desklamp
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January 25, 2018, 08:17:25 AM |
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It is too risky to turn all your money to bitcoin, there has no assurance that you can get a big payday if you turn all your money to bitcoin. we all know that the price of bitcoin is constant so lets just invest small money, and these days many people became hackers they might hack your account wallet and steal your money, so be careful.
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gvnsrbtc
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January 25, 2018, 08:18:00 AM |
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Of course "all in" behaviour is risky for all investment instruments. You have to share risks to different instruments. Especially for cryptocrurencies. Because this market is too volatile to risk everything just for bitcoin. I don't recommend it  |
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Theodore19
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January 25, 2018, 08:19:28 AM |
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it is not risky if you buy your money to invest in bitcoin because the bitcoin investment is very profitable,but in order to gain profits also you need to take risk so if you are ready to take the risk means then go for it buddy sometimes it might change your life for the better. Always keep in mind that investing half of the money is less risky than investing all your money like there should always be a second option if the first thought does not work.
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David454545
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January 25, 2018, 08:22:11 AM |
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A man with a good head will never do that. I can only lay half of the money I have in Bitcoin, which is a great risk but I can afford it. The other half of the money is in my pocket. I assume that you know what i'm sayin... If you are afraid to take the risk of long term investment, it is best if you will take profit consistently.
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greggypiggy
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January 25, 2018, 08:23:38 AM |
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Yes. Its too risky to turn all your money to bitcoin. It is a golden rule that you must not invest all your money in investments. The only money you should invest is your extra money, it means you should turn those excess money of yours into bitcoin so that if something bad happens, it wont affect yoy much
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Crypto Jaga
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January 25, 2018, 08:24:14 AM |
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too risky. All your investment in cryptocurrency alone is risky, but if you know when to exit, it might be ok to invest in cryptocurrency, but you need to exit in every 1-2 months with 20-30% gains, but even then all in bitcoin is absolutely too risky, you should never do it. All investment in top 10+ cryptocurrencies is fine as long as you know when to exit temporarily.
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klimyud
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January 25, 2018, 08:26:43 AM |
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Certainly it is risky to invest all money in Bitcoins. Diversify as much as you can and also consider alt coins.
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samoilo
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January 25, 2018, 08:29:48 AM |
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If you are fine with loosing all money, you can invest. This is why people recommend to diversify.
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Zachary1973
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January 25, 2018, 08:32:20 AM |
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I think you should be carefull if you want to exchange your money into Bitcoin, try to find out the good time to do it.People can lose all their money in a couple of seconds in bitcoin. mainly the insecurity is it's fluctuating price if you are an investor you would not prefer to change all of it into some currency
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Joylee
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January 25, 2018, 08:36:41 AM |
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It is definitely risky. you should always divide your money into different investment tools like cryptocurrencies, stock, commodities etc.
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Scavagers
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January 25, 2018, 08:41:40 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!
yes it is, I say investing itself is a risky thing to do because you are not sure of what is going to happen. when you buy bitcoins, you should never put a certain amount that you are not ready or willing to lose. Bitcoin is a risky investment and you should be aware and thinking of that always. If you want to turn all your money into bitcoin, that's your choice but I recommend you not to do that since bitcoin is highly volatile which means it is continuously changing in price, if the tide is in your favor, you are too fortunate. |
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DoublerHunter
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January 25, 2018, 09:16:42 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, I say investing itself is a risky thing to do because you are not sure of what is going to happen. when you buy bitcoins, you should never put a certain amount that you are not ready or willing to lose. Bitcoin is a risky investment and you should be aware and thinking of that always. If you want to turn all your money into bitcoin, that's your choice but I recommend you not to do that since bitcoin is highly volatile which means it is continuously changing in price, if the tide is in your favor, you are too fortunate. It is better to just put at least 10% of your money in bitcoin because if you are already an adult and have a family then you should consider your family if how you guys are going to continue living to your lifestyle if your money is turned into bitcoins and you have a dramatic losses because of the price crash which affects a lot to your life. |
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RIYA0001
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January 25, 2018, 09:23:46 AM |
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Obviously , it's very risky to convert all your money in bitcoin . As bitcoin is still very volatile, therefore can suffer a lot of ups and downs which may shock your heart every day. so, not all the money invest 20-40%only for longer period.
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steevo384
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January 25, 2018, 09:31:04 AM |
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It is very risky to put all your money in bitcoin because one need to diversify and not to put all eggs in one basket.
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Stigmuu
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January 25, 2018, 09:32:52 AM |
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I will not put all my money in btc..there are many hackers now..we need to be more extra careful..
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JackdunR
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January 25, 2018, 09:35:37 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 you should not spend all your money to invest in bitcoins, so it's very risky. The money you leave in the bank can be lucrative; But if you buy bitcoin it can reduce the bitcoin price and you will lose a huge amount of value. If you have the talent to predict bitcoin prices and invest in a reasonable way, good luck and fast in the future. |
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