anwar98
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February 05, 2018, 07:50:55 AM |
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Without a doubt, turning ALL your money into Bitcoin can be risky. It is prevalent how the value of Bitcoin can be unpredictable and is constantly fluctuating. Given that scenario, you should be ready with all the possible consequences that is bound to happen due to your actions. It can come to a point where you win some, you lose some or have it all gone so be very smart before converting your money. A part of your money converted will do for sure.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Shrinath
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February 05, 2018, 08:51:50 AM |
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You may have several catastrophic risks, so its a terrible idea for you to convert ALL your savings to Bitcoin. If you need my opinion, I woukd say it's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses. If you lose in one you can cover the losses from other coins or businesses. If you save only in Bitcoin, how will you save you funds if there be a. Government Policy Risk, b. Exchange and Online Platform Risk, c. Technology Risk and finally Bitcoin Uniqueness Risk. Hence, it best to diversify your saving platform.
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Ravenangel
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February 05, 2018, 09:00:04 AM |
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If you have savings in the bank, you can earn only low interest. If you invest your money especially like this bitcoin, you have to be extra careful also since the price is fluctuating but it is yet better to invest in bitcoin than sleeping your money in the bank only. But don't invest all. You have to be keen and smart how things are doing in bitcoin. Maybe you can invest part of your savings here in btc and some on the other investment for your sake also because nobody knows about the future. Maybe you will gain or lost so it's all up to you.
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Bitcoin to the moon
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Thian778
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February 05, 2018, 09:04:25 AM |
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Money on the bank can ear a little by the interest, second your money on the bank can be used on investment too just ask the bank attendant and they assist you and yes, using all your money on BTC is risky, no one predict its future. Just use half of your savings for BTC trading and the likes, keep the other half for emergency purposes.
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davida
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February 05, 2018, 09:27:56 AM |
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It is in my own perspective a risky idea investing your total cash in Bitcoin that is very volatile in nature. The prices undulation in Bitcoin is an inevitability subtle to every investor in this field. Due to uncertainty prediction in Bitcoin prices, it is not so advisable in any case loses occured beyond expectation or adaptation. What if life contingencies surfaces? Where will you focus upon? In essence therefore, invest your major in Bitcoin and leave little in Bank, since I'm also optimistic that Bitcoin no matter how little or longer it takes to rise up, it is still reliable and dependable for it's rewarding future.
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mickeybuddy27
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February 05, 2018, 09:34:24 AM |
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It's too much to risk if we want to put on it. As we know this rate is so fluctuate and we can't to predict it. Price in february is $9000. We can imagine that the last december the price of btc is so high and the price is more less $15000. Just spend 3 month to put down of price btc. But it's our decision to put of it.
Putting all the money in bitcoin is taking big risk because you are not sure about the market when it will recover the price. It will be good if you are really strongly believe that bitcoin can really make it possible to give profit. You have to make sure that you have stable income where you cannot depend on your investment in bitcoin. Better to have another investment in real state aside from bitcoin. |
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daniweb
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February 05, 2018, 09:40:04 AM |
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Bitcoin is not very stable right now so it is risky to turn all your money into it. Consider to invest as much as you can afford but keep in mind that you should also keep some cash for you
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Weldhers
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February 05, 2018, 09:43:18 AM |
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I do not think it will be risky because the money will be your investment in the future, and I think the future price of bitcoin will soar in line with the increasing demand
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Ad Baculum
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February 05, 2018, 10:03:18 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!
Of course, it is risky! Turning all your money to bitcoin could mean ending yourself without anything. It doesn't mean that when you invest in something, it will all be back to you, no, it's not like that. Nothing is for sure, so turning all your money here is very dangerous. Investing half of it could still be possible but all your money is exaggerated, i think. |
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marjoree
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Presale is live!
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February 05, 2018, 10:36:26 AM |
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In my opinion, yes, it is very risky to turn all your money to bitcoins because as you can see, the value of if can increase more than we expected and at the same time the value might fall and it just happened 1 month ago until now. Most of the people's expectation that by the end of the year 2017, the value of bitcoin will increase unfortunately the opposite happened which result of losing a huge amount of money especially the investors. As of now, I will advise you not to turn all your money to bitcoins.
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Ziomuro27
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February 05, 2018, 10:49:16 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!
Of course it ia, you should need to know the Bitcoin price first before you convert your money, it is a big risk if you just convert it without thinking what will happen next, you should know and read first what will be the possible outcome if you convert all your money Bitcoin. We all know that if the Bitcoin price drops down and when you convert your money you loose some of your Bitcoin which is invested in digital wallet so think first before you do. |
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Mjeramirez
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Streamity Decentralized cryptocurrency exchange
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February 05, 2018, 11:47:42 AM |
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Yes, the risk is very high if you are planning to invest in cryptocurrency, higher if you decide to put your money in just one investment. Cryptocurrencies are a high risk high reward asset, sometimes it may rise rapidly, sometimes it will just drop, one way to mitigate the risk is to diversify your investment, invest in multiple coins, there are a lot of good coins aside from bitcoin, like Ethereum or Ripple. You can also venture into different income generating activities like joining bounty campaigns or Bitcoin mining.
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Joylee
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February 05, 2018, 11:50:11 AM |
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Yes ofcourse it is risky , what happens if btc is banned in most country's .
Just put in what you can afford to lose.
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Wolf of Btrex
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February 05, 2018, 11:50:50 AM |
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Yes it is risky putting all your money into bitcoin because you cannot tell what's gonna happen tomorrow bitcoin is so unpredictable today it has a good value but you may become surprise tomorrow it no longer have the price it has today and may suddenly crash and lose its value..so better safe and do not put everything you have in a risky situation
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LinAliza
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February 05, 2018, 11:53:10 AM |
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In my opinion its not risky to convert you extra money into bitcoins for now is the time to buy bitcoins. For when it turns its highest peak you'll be lucky to earn that much..
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paulo29
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February 05, 2018, 11:57:31 AM |
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Putting all your money is a lot of risk. Bitcoin is very volatile, it has its ups and down, but then investing your money in a any bank with a very low interest rate,you can put your money in bitcoin and be patience to wait for it ups, in that so you can definitely earn a lot. However,if you wanted to be sure of your money, you can invest in bitcoin and at the same time invest your money in a long term invest where it can a little bit higher than a short term investment.
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klim80
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February 05, 2018, 12:09:15 PM |
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I think it's rather risky. Experts advise to turn some money into bitcoin, to keep some one on your pocket for your everyday needs and some one to secure on banks. Because the price of bitcoin can change quickly.
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btcrut2017
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February 05, 2018, 12:12:59 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 in cryptocurrency carries risks and you should be aware of that. Don't invest all your money, only those which you can afford to lose because anything can happen in cryptocurrency. Although you can make profit 10x but also be prepared to lose said investment. |
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akhilsh6896
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February 05, 2018, 12:32:27 PM |
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Yes, it is. Bitcoin is very volatile. As of now, Bitcoin has dropped very much in the past few months. so you should not put all eggs in one basket.
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ammo121810
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February 05, 2018, 12:43:11 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 indeed with the current situation now of the crypto market everything seems falling down weather its bitcoin or the alternative crypto currencies. So better think first and be wise in which coin are you going to invest. But definitely today will be a good buy because you can buy coins at a lower cost it means coin sale. Grab it till the value grows. |
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