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Cranidos
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October 16, 2017, 04:50:26 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!
There is always a risk in every investment. Putting all your money in bitcoin is not just a risk to your money but same as betting your life in a gambling game. And also it is not a smart decision to do. You should always read news about bitcoin so that you will have idea of the ups and down on price of bitcoin and the latest news on the digital currencies. If you have a lot of money to invest, it is better to try not just in bitcoin but some altcoin is a good move. |
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Andre#
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October 16, 2017, 04:54:58 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!
Dont turn all your money in to bitcoin it is too risky to invest all in, in bitcoin but if you made the right decision and invest to bitcoin you will get your money back in no time because bitcoin keeps higher and higher in terms of value in short period of time. Hey, if you want to make profits through Bitcoin in a short term, I advise you should not to invest into Bitcoin. The price of Bitcoin has not much time can increases in short term as now. Just by the FUD and FOMO made the price of Bitcoin had increased a lot recently. |
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Eternu
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October 16, 2017, 07:05:29 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!
Sometimes you need to take a risk to be able to see the outcome.With that you'll be able to learn lessons in life most especially when it comes to money. There are few cases where people has put everything on the line, and it made them rich. There are times when we are able to put everything on line and gamble. But that doesn't make it wise decision. I like to gamble that way when i can afford to lose, what ever I gamble I consider that money already lost. It makes it easy if you make bad decision. But also I never put all my founds in it. With Bitcoin it is similar, but a bit safer. |
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bncbnc
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October 16, 2017, 08:10:08 PM |
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yes it is risk to have all your eggs in one basket regardless of the situation. It is best to be diverse and have many baskets.
Very honestly, yes it is risky to put all your money in bitcoin. although bitcoin is a safe investment, because bitcoin is in its early phase and it has to cover more goals, people are too much interested and welling to invest money in bitcoin, therefore we can say that it is a safe investment, but in fact still not one know about the price of bitcoin that either it will increase or decrease therefore we must be careful and should not invest all our money in bitcoin. |
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frostdiver
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October 16, 2017, 08:21:41 PM |
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it depends to your area if bitcoin is widely accepted it is not too risky because you can use it everywhere and if not its risky for you cannot buy all you want specially the things basically important to you
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Gameroid
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October 16, 2017, 08:36:22 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 as an invetor do not put all eggs in one basket because the crypto market is volatile if bitcoin decreases you might loose more of your investment but if you know how to play the game of trading you can tolerate the risks you will encounter. In fact investing all your money in a single business is not a wise decision. i think it is important to distribute your money and assets in different business, so that if your one business is not getting profit, your other business will give you some financial support and if your one one business is in lost so you will not lose your money at once . i think therefore it is more risky if we are investing our money in a one and single business. |
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shafi alam
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October 16, 2017, 08:43:24 PM |
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Not just risk, But also Foolish thinking.
Don't mind.
Bitcoin Price not stable, price move all time. Any time it can go Down.
What you can do?
Invest your Lazy money.
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domgamer
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October 17, 2017, 09:04:35 AM |
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Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
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goku1525
Member
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October 17, 2017, 09:12:12 AM |
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Yes its risky even if the bitcoin has a lot of potential. Invest only what you can afford to loose, because if you invest all of your money you will get to emotional when the price drops.
Nope., I don't think so, if you really an open minded then their is no worry or doubts to invest all your money in bitcoin. Because even bitcoin suddenly drop but when it will go high it's much more increase irs value that's we called bitcoin is volatile. |
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GideonGono
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October 17, 2017, 09:15:29 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. As they say, invest what you are ready to lose. Even though Bitcoin's price is going up and the continuos growing popularity, it still is volatile and who knows that it may drop so much or rise. No one really knows. So, it is still a good thing to have a fiat money which is stable in price. |
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owates
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October 17, 2017, 09:22:22 AM |
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Never you use all your capital in bitcoin, anything can happen in the crypto world. So my advise to you put what you can afford to lose in case of necessity. Government may decide to ban bitcoin and block all the IPS related to crypto in your country and you end up losing your hard earn money or your account maybe hack if not well secure. So pls don't invest your whole capital in bitcoin, go with what you can afford to lose. Thanks
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Betwrong
Legendary
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Activity: 3290
Merit: 2160
I stand with Ukraine.
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October 17, 2017, 03:01:50 PM |
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if you are pertaining to all money as in everything that you have it is risky, you can't use bitcoin for everyday life for now.
I agree, it's impossible to buy Bitcoins with all the money you have, but I think OP is talking about the money he is going to invest anyway, either in Bitcoin or in something else. Then I would recommend to invest in Bitcoin because I personally don't believe in that diversification thing. Why should I invest in what I don't trust just because to diversify your investments is one of the "rules of successful investment"? That works only for billionaires. Say they have 5 billion USD, they invest 1 billion in different useless things, lose most of the money, but still have 4+ billion USD and thus continue living like a billionaire. An average person can't afford that kind of behavior. |
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eann014
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October 17, 2017, 03:13:09 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 risky especially if you don't have money for your everyday needs, we also need to maintain fiat for our needs everyday for our foods. We also not invest all our money in bitcoin since we all don't know how long bitcoin will take, but it is a good investment but put just an average amount that you will not use for a longest time so when the time comes and you check your bitcoin, you'll see that you gain additional bitcoin.  |
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Sowik
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October 17, 2017, 03:14:27 PM |
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Not safe, risky af. You could try and play with a part of your money but fr dont go all in unless you wanna lose it  |
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salihno71
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October 17, 2017, 03:18:54 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. Trend can change and you can lose. If you don't mind losing your money which is sitting in the bank.... And by the way - your money is not just sitting there - your bank is making profit from it |
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barabut
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October 17, 2017, 03:20:36 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!
Absolutely in a matter of investment strategy putting all eggs in a same basket would be risky but bitcoin has its own dynamics you never know what will happen in a short period of time we faced an incredible jump on prices, it is not a normal market strategy |
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MFY151
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October 17, 2017, 03:33:01 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 but by chance it would also give you great profit though it is not recommendable. Investing all your money is like gambling and the more resources you invest the greater the risk you are dealing with. At least save 30% or 40% of your money and invest the remaining, bitcoins still provides greater odds for profit as a form of investment. |
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bapetdik
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October 17, 2017, 03:39:45 PM |
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if turning all the money into bitcoin may be at risk. due to unstable bitcoin prices. but if bitcoin prices soar, you will get a big profit. it is an option. choose your wisdom.
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Harley29
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October 17, 2017, 03:55:25 PM |
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i think all investment have risk so when you turn all your money to bitcoin have risk but it's worth because you can see bitcoin price's always rise up.
Well I will tell you my experience when I join bitcoin so at that time the price was low so I spend all my money in bitcoin and start waiting for the right time and it just take one week when the price go high and then I sell it and got a good amount of profit and now I am use to with this investment and I am taking god advantage of it all the time. Yes its true now a days it’s not risky to invest your all money in bitcoin because bitcoin is one of the stable and strong currency in world and it has a lot of users and on daily base there are thousands of investors are going to invest in bitcoin and taking advantage of it also going to invest in bitcoin and believe me it always give me a good profit. |
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Labay
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October 17, 2017, 03:59:15 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!
Its risky because the bitcoin price can be low and sometimes high, but its up to you. And there is one thing, there are some persons that experience being hack so my opinion is its safe if its on the bank. |
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