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Xester
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October 14, 2017, 01:37:20 PM |
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The golden rule of investment is to invest only the money that you can afford to loose.
Never invest food money, housing, medical bills etc.
If you follow such rules, you can invest money in bitcoin and wait for results without to much stress or risk.
Yes, just invest what you are willing to risk. And it is not a wise thing if you will turn everything , all your money to bitcoin. Where will you get money to buy foods and other necessities. Also where you will get to pay your bills. But if you will invest everything and you invest it before, then surely, you have a brighter future. |
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asebaby
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October 14, 2017, 02:11:10 PM |
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As bitcoin price dominate headlines,one mind also think to invest all money into bitcoin ,but we should know that is just too volatile and those sudden ups and down will be bad news to our portfolio.Although bitcoin had a more than 100% of once investment return and if we should invest,make sure its a part of your investment,i will not recommend someone to invest all his/her money on bitcoin,you could be in a tied Corner and in need of money, it could be health attention and all your investment is in bitcoin and the prize drops not worth your investment and you may want to sell because of the loss or devaluation.
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romecheo
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October 14, 2017, 02:32:47 PM |
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Yes, you we're absolutely right, if your put all of your money in Bitcoin, it was your fate will decide, you may end up a millionaire after few years or not having anything left in your pocket.
You may put at least 60% of your saving to Bitcoin and leave 40 percent for your daily expenses.
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hilda483
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Activity: 125
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October 14, 2017, 02:33:58 PM |
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As long as you are very cautios and don't have any malware in your PC that may steal your password therefor your coins, you should be safe. But you need to be extra careful.
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Mr. Thang
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October 14, 2017, 02:55:06 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 definitely is! Before investing, you need to understand that there is the risk of you, losing all of your money should the price dramatically decrease or when you get hacked. Investing everything into bitcoin may be a bad idea, especially when you have a priorities to your family. If I were you, invest the money that you are willing to lose, or invest only a percent of your monthly income to avoid any damage. |
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zoolz
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October 14, 2017, 02:58:06 PM |
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It's risky because an expense might come up. In the long term Bitcoin looks to be in an up trend but it still has it's crashes, if at one point in time it crashes so hard and you are left with not enough to cover an unforeseen expenses then you could be in trouble.
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waverscoin
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October 14, 2017, 03:02:49 PM |
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Not really, but some. There is always risk, even though Bitcoin will very likely return a profit. There is always the possibility that something could happen, especially in the short term time range. If it is money that you cannot lose, then don't do it. If it is a good long term investment, go for it.
Playing around and trading, then go for it there too. Just do not ever put the grocery money, kids college fund or anything like that in any investment.
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saeron-ssi
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October 14, 2017, 03:38:37 PM |
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When it comes to money everything is pretty risky there's no such thing as sure investment. You should always bear that in mind. In this case, converting all your money to bitcoin definitely is risky. You don't know when will the price will go down or up.Worst case is that if your coins will be hacked by certain groups whose main purpose is steal bitcoins. So better invest a little amount then try to make the most out of it.
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btcbringer
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October 14, 2017, 03:44:43 PM |
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of course, its high risk, but in my opinion, if your money is not much, you can try this, if you have plenty of money, then you should make a multi portofolio, it will be unwise to invest all your money to bitcoin or any other single assets
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Honest Disdain
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October 14, 2017, 03:52:05 PM |
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We have reached an all time high with BTC. If you invest in it now, and it does crash, it might take month or years to get back to the original value of your investment.
If anything, I'd wait for after the hard fork to invest, and even then I'd never use all of my money to gamble.
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criz2fer
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October 14, 2017, 04:05:56 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!
If you move all your money in one place, no matter what place, of course it is always risky. But I'd say Bitcoin, if you don't do obvious mistakes while holding it, is probably one of the least risky places. Buy while the price is still low compared to what we can see in the future years and hold, don't panic even when the price goes down. I agree, bitcoin is compratively safer options than most alt coins and even Fiat nowadays. They say a big economic crash is gonna come soon, which will be felt in all sectors of the economy. Crypto is a nice hedge against that. Basically we should not invest all our money because of the risk involve. Cmpare in banks, even if your save it in a year, the interest are very low unlike investing in bitcoin which really a have a long term investment the return is much bigger. The higher the risk involve the higher the profit. |
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HarleyQuinn9876
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October 14, 2017, 04:18:03 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 you should not do that. It's pretty dangerous. If there is a risk, you may lose money. You should invest half instead of all. The risk is unknown. so be careful |
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z38630610
Legendary
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Merit: 1000
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October 14, 2017, 04:28:08 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 of course. It has highly risks to buy BTC with your money. It is like investing all money to one thing. I believe that bitcoin increases in value but people can not see the future and you may not know which value that BTC will be have. Dont place your all money at risk. You can use some part of it. |
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Shotz
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October 14, 2017, 04:37:10 PM |
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Yes but you'll make money if you have the balls to HODL.
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bitcoinmagneto
Jr. Member
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Activity: 51
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October 14, 2017, 04:42:19 PM |
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It is very for risky anyone to turn all of his money to bitcoins because of the instability of its price. Even if it's price is increasing rapidly but it can drop anytime, so one should invest that much amount which he/she can afford to loose.
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Gheka
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October 14, 2017, 04:48:37 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 of course. It has highly risks to buy BTC with your money. It is like investing all money to one thing. I believe that bitcoin increases in value but people can not see the future and you may not know which value that BTC will be have. Dont place your all money at risk. You can use some part of it. Yeah, the future is something unpredictable, especially the future of bitcoin, it is still a big question for many people, many traders and investors say the price of bitcoin will continue to increase in the future because this is the trend of the future. However, all that they say is only predictions based on past events, it can not be completely accurate, investing in bitcoins also has unpredictable risks, so we should not risk putting all the money into bitcoin, investment is never sure, we need to think about the worst situations that can happen, that can help us limit the risk |
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sclmte
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October 14, 2017, 05:00:45 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 very risky. We all know that bitcoin price is still unstable. It has its own ups and downs. So it is not a smart idea to put all your money on it. Maybe 40-50%. It is better to keep some for your personal needs. |
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tylerderden
Copper Member
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Merit: 1025
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October 14, 2017, 05:06:32 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 into bitcoins, you should diversify your investment and not invest it in a single place. |
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Bagaji
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October 14, 2017, 05:13:07 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!
Well, to some extent I will say it is risky to convert all your money to Bitcoin because of the volatility of Bitcoin. For now there is no certainty in Bitcoin, so I will advise you to convert all your money to Bitcoin, but it will be more rational and less risky if you convert up to 30% or 40% of your money to Bitcoin. |
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noictib
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October 14, 2017, 05:16:56 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 don't think that it will be risky in any way because perosnally I have seen that most of the people got success in the bitcoin field ( after getting serious work ). So here you should try . But here my suggestion for you is to do work with that amount of money that can you bear the loss Because in this world nothing is sure because when rumours will going on in the market then everything goes opposite of the thinking and prediction made by the experienced people . So we should remain in the +veand -ve thinking both , so that we remain ready to face any bad economical condition . |
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