LindaFallar
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February 08, 2018, 05:55:04 AM |
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Well, I can't answer this question since I did not try it yet. If someone can provide an answer to this question, could you share your experience in turning your money to bitcoin. Is it risky or not?
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codered000
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February 08, 2018, 05:59:01 AM |
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It's very risky because bitcoin is very volatile. You should just invest the money you can afford to lose because no one knows how the future of bitcoin will turn. What if you turned all your money to bitcoin and its price crashed and there's an emergency where you need your money. You'll have no choice but to withdraw your bitcoin even if the price is low. And if you do that, the money you left in bitcoin will have little chance to grow. You'll end up losing your savings.
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Javathon
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February 08, 2018, 06:13:31 AM |
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On my opinion, it is to risky to turn all your money in bitcoin because if you concentrate all time, money and all effort in one area when it failed, your time,effort and money probably ruined and at the end you realized that you should not have put all your eggs (money) in one basket(bitcoins).
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DoublerHunter
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February 08, 2018, 06:17:40 AM |
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On my opinion, it is to risky to turn all your money in bitcoin because if you concentrate all time, money and all effort in one area when it failed, your time,effort and money probably ruined and at the end you realized that you should not have put all your eggs (money) in one basket(bitcoins).
I really believed that we should have a right budgeting in our money and we should not be greedy in any investments that we will be seeing in the internet because if we will become greedy then the chance for getting a lot of losses is very possible just like in bitcoin that is very volatile and in just a few months or even weeks you can become broke because of the fluctuation that can eat all your money. |
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MrHertz
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February 08, 2018, 06:26:11 AM |
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This anxious feeling can not be hidden so easily and you will have to face the reality. The thing is we don’t know any exact answer for this question with the time being! When we see climbing of the bitcoin then we see that market is getting spiked with huge investment because at that time people are believing into the bitcoin. But the same thing happens in negative ways when bitcoin is dropping down and people get scared a lot. That’s what happening right now and there is no way but to wait and wait for long. So don't panic
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peterpeterpeter
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February 08, 2018, 06:32:18 AM |
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Turning all your money on bitcoin is a good idea but there is disadvantages of it..
The expenses for your daily needs.
The best way to do is hold your money atleast 50% of it for your daily needs.
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sukron
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February 08, 2018, 06:36:46 AM |
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I think if the tone turns all your money into bitcoin is very risky because we do not know bitcoin prices will go down to how much and not to mention hackers better trouble your money is divided into two between bitcoin and cash to prevent things that are not in want.
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kickero0O
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February 08, 2018, 06:40:15 AM |
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It's very risky because bitcoin is very volatile. You should just invest the money you can afford to lose because no one knows how the future of bitcoin will turn. What if you turned all your money to bitcoin and its price crashed and there's an emergency where you need your money. You'll have no choice but to withdraw your bitcoin even if the price is low. And if you do that, the money you left in bitcoin will have little chance to grow. You'll end up losing your savings.
All cryptos involved risk and bitcoin is not spared from it. Those fluctuations really affected too much the bitcoin holders. I think its better to spread like for example in Ethereum, Ripple, Dash,XLM, XEM many others in the top list of coin market capital. So that if one or five is down there are others that might be green. The key here is to diversify. |
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Serdevil
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February 08, 2018, 06:43:22 AM |
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I know the legal method of increasing the balance of bitcoin! I can show for 3000 $. It will pay for a week. If you are interested in writing. Without the deception Ser_devil@mail.ru |
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Ian11
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February 08, 2018, 06:49:49 AM |
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Yes because the price of bitcoin is very volatile, that can change anytime. And make a loss in our capital and also our efforts. But not all your money turn into bitcoin, because their is no sureness that your money will grow in bitcoin, but sometimes their is also sureness that your money will grow because of bitcoin.
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siddu67
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February 08, 2018, 06:53:20 AM |
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Of course,it is risky to turn all your money to bitcoins.Because bitcoin is a online based cryptocurrency and it's processings are similar to share.That means bitcoin price increases and decreases frequently.So if you invest all your money you might have to face a great loss.So look before you leap.
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GavenJack
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February 08, 2018, 06:59:46 AM |
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you can and should invest your money! we all want to make money, and investment is very good. The most important thing that the money you invest is not the last one. if you invest money wisely and at the right time, it is sure to bring profit
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Cedie
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February 08, 2018, 07:01:04 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! Bitcoin is all about risks so risk intelligently. Save something for yourself and for security. If you are just planning to hold it and save, I think bitcoin is not a good choice for you. Especially if you are not always aware of bitcoin's price. You will just be disappointed with the results. If you want to engage in bitcoin, learn, practice, be patient, and be passionate about it. |
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tutta_v
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February 08, 2018, 07:04:03 AM |
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Yes, it's risky. It is not known what will happen tomorrow. Maybe there will be a big collapse and we will be left with nothing. You do not need to invest all your savings in bitcoin.
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shainasaz
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February 08, 2018, 07:30:34 AM |
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Yes it is risky to the fact that a some of the country is not yet legalized so risky is there but we remember any kind of business it is always associated risk hence bitcoin is part of a business form but if we understand the crypto world you don't count the risk instead you count your gain.
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trickyriky
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February 08, 2018, 11:12:57 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!
In October, 2017 it was not risky at all, not you have some risk. However, never invest all of your money into anything. Take one third of your funds for it. |
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Chederella26
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February 09, 2018, 03:33:31 PM |
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It is very risky if you put or invest all your money to bitcoin only, because it is not stable and volatile investing your money in different coins or business is a good choice
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Davidbee
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February 09, 2018, 03:41:47 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, the price of the bitcoin is very unstable, there is some risk investment COINS, one month before the bitcoin is the price of $20000, is now the bitcoin of the price is $8000, investment COINS if you a month ago, so now you only forty percent of the money before, this is a sad thing So you can't invest all your money, COINS, you need to diversify, you can invest half your money, COINS, half of the money the bank, I think this is a good way of investment |
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wiro 212
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February 09, 2018, 03:59:19 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 risky to invest all your money in bitcoin, bitcoin is very beneficial, but you must understand the risks of bitcoin. Bitcoin prices are unstable and unpredictable. Better half of your money you invest in bitcoin. |
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shezu007
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February 09, 2018, 04:01:45 PM |
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according to my opinion investing all your money in one place is indeed risky because if you invest like a place we can take example of bitcoin and bitcoin price is start falling then you will face a huge loss if you can sell at that time while if you can invest in some different coins also then if price of one coin fall and you need some money then you can sell other coins who price is not fall.
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