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Author Topic: is it risky to turn all my money to bitcoins?  (Read 37267 times)
Loves
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October 25, 2017, 01:45:13 PM
 #981

For my own opinion, turning all my money to bitcoins is not risky. Because bitcoin is continuesly increasing and it has been established well and many companies are also investing alot in bitcoin. It is secure to turn all my money to bitcoin.
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Pakar11220
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October 25, 2017, 03:51:48 PM
 #982

you ask  a very good question, for awhile i ll in thought if a person money is in the bank and he will move its prices from bank to bitcoin, so i cant say anything  about this that it is risky, i dont think so millions of people working on bitcoin and they receive the full payment.only the if bitcoin price depreciate in one to 2 days you will be in high loss.
mornabo
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October 25, 2017, 11:55:30 PM
 #983

We can't deny that risk does exist when taking such decisions since you are putting all your life savings at stake and risking their actual value to drop significantly if bitcoin's value drops , yet you are also taking the chance that your funds could grow or even double their value just in few days . It is a risky move but with higher risks comes higher rewards and your life could change depending on bitcoin's value . As for myself i wouldn't ever take such risks cause i don't want to put my financial status under any pressure and thus ensuring a stable situation for myself and my family .

That's the point. If you put all your money in one, this will put you in stress if Bitcoin's price drops. Though it will make you rich or earn much if Bitcoin's price pumps. So with this consequence, I suggest not to take all the risk. It might get you broke when you lose. Unless you really have plenty of money that will come.
of course the profits will be greater if you use all your money but of course the risk will be even greater, imagine if the price goes down of course you will panic and stress because you must be very big lose, i think you have to know about plan so you will not endanger your life by using all of your money is at great risk
Feri577
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October 26, 2017, 12:23:46 AM
 #984

Of course I would not recommend you to risk all your money because it will have a negative impact on your personal life should always look at bitcoin prices. Maybe you will see the development of bitcoin prices are always up and down in my opinion it is very stable because of the development of the present day so bitcoin prices go up
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October 26, 2017, 12:28:55 AM
 #985

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

if youre gonna turn your money to bitcoin, you can bit at risk if you will go on trading or putting all of your bicoin in a scam wallet, but for now as per the market value if you bitcoin now you surely will have a profit in the future, bitcoin is increasing and thats good to see Smiley

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KevinSutrisno
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October 26, 2017, 12:30:09 AM
 #986

right, very risky when put all our money into Bitcoin because this is an instrument that fluctuation rate is high enough that the risk is also quite high too. you should place your funds that are devoted to investment just so you are calm and comfortable when investing in it.
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October 26, 2017, 12:35:18 AM
 #987

For me, it is a big yes. You dont invest all your money in one particular business. As what i read about business and investment, it says you invest with not only one business. So you have to divide your money.  Just incase you fail at least you still have something. In bitcoin the rates are not stable, sometimes its high and sometimes very low. So invest wisely and study the business.
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October 26, 2017, 12:44:24 AM
 #988

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
it depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it . However there is possible your money will increase if you convert in bitcoin.

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October 26, 2017, 12:46:29 AM
 #989

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
it depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it . However there is possible your money will increase if you convert in bitcoin.
Of course there is a huge chance that the price of bitcoin will move up then the amount of your money that you putted in bitcoin will increase too because bitcoin is an investment and because of that chance to invest, you will get a chance to increase your money by just waiting for the price to go up. If you are planning to put all of your money to bitcoins then it is just risky.
Phyton76
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October 26, 2017, 12:52:04 AM
 #990

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it is not risky to turn all your money to bitcoin because bitcoin is already tested to be legit. Bitcoin has already helped so many people and is bitcoin is a very helpful thing in making so much money. Bitcoin has already helped so many people and has been effectively and consistently provided things for people.
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October 26, 2017, 12:53:18 AM
 #991

Never Invest More Than You Can Afford to Lose!!!

Absolutely true! We all know that the price of bitcoin is not stable. We dont know when the bitcoin price will fall or go up. Its a matter of timing and good luck . If you want to earn huge profit ,you must be willing to take also the big risk.
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October 26, 2017, 01:05:11 AM
 #992

Yes it is risky to turn all your money to Bitcoins because apart from the growth factor Bitcoin also have several risks in it which is not safe.But if you take risks then you will be something in this world but also be ready for the losses.
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October 26, 2017, 01:27:17 AM
 #993

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

For a mommy like me, i will always think a good future for my family. I will invest at least 50% for assurance that i still have a money with me for any purposes. I will talk with my husband first before investment takes place, if he agree about that i will go for a 50% investment. Too risky for 100% all in for a starter and mother like me. I can't sleep anymore if i do that.

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SummonKing2
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October 26, 2017, 01:48:24 AM
 #994

It's really risky because when the price of bitcoins falls, the amount of money you'll eventually lose. So think about it so you do not have to put all your money in the crypto because when it falls and you even have the money you need you will find it.
MarkusIsaiah
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October 26, 2017, 01:51:53 AM
 #995

It is risky in a way that we do not know when the Bitcoin will end but if you are into risk it is good to turn all your money to Bitcoin it will reward you in the future but again like what i said you do not know when will the Bitcoin end.
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October 26, 2017, 02:02:14 AM
 #996

It it risky to turn all your money into bitcoins. Try to turn half of them or just a little amount of your money ti investigate about bitcoin then if you have real profit, that's the time you spend all your money on bitcoins.
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October 26, 2017, 02:10:27 AM
 #997

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 because you do not know when the bitcoin will rise or fall. You're lucky if the bitcoin is increasing and so sad if it is decreasing.
bazdarx8
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October 26, 2017, 02:14:35 AM
 #998

Yes I believe it is very risky to turn all your money into bitcoins because nobody knows how the future will be if you invest all into bitcoin, and its a lot better to keep almost all your money into your savings then invest everything into bitcoin, I would said invest in some if you can and still keep money in the bank.
di.ako.toh
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October 26, 2017, 02:17:55 AM
 #999

For me its yes, turning all your money to bitcoin is quite risky. Bitcoin prices is moving, its value goes up and sometimes down. Putting all your money to bitcoin just like investing all your money may result to greater returns or greater loss. Also its hard to find markets accepting bitcoins in our daily transactions.

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October 26, 2017, 02:19:38 AM
 #1000

Yes you can turn your money into bitcoin but If you decide to turn all your money to bitcoins is not advisable you should keep some part of your money as backup so if you need money very urgently that time you should not break your investment which is working for your benefit. When we invest all in one during the critical situation we panic ourselves and start to take wrong decision that time also we don't get any other option the collapsing our investment programme.

So it is always advisable to not to invest whole money in one keep some backup.

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