mylalaworld
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October 07, 2017, 10:57:44 AM |
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Yes, It is highly risky.
Diversity your portfolio.
Maybe 10% in crypto is good.
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Barcode_
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October 07, 2017, 11:03:11 AM |
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I would not really advise you to exchange all your fiat money into bitcoins, bitcoin is a good investment, but there is always a risk in every investment, you need to know that in the trading market of crypto-currencies, there is the risk of huge volatility and sometimes the values of bitcoin can decrease a lot overnight.
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bakkang
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October 07, 2017, 11:12:21 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!
We do not assure that our money will be secured since this involved technology. I have been observe that theres a lot of intelligent people who has been stealing our money online they are called scammer. In my own ways i would rather keep it in my own hands rather than turning all my money to bitcoin. |
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Anonaneadone
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October 07, 2017, 11:35:10 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, if you have money, why not exchange it for bitcoin because if your money is only stack and nothing to do there is nothing to go with but in bitcoin, you can get your money while in stack |
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KenChanYu
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October 07, 2017, 12:01:39 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. yes i agree i think if we invest all that we have right now it is verry risky it is also called gamble if we are going to do that.another thing is that we cant predict what will happen on the next day a month a years bitcoin is reall unpredictable i also suggest that find another business dont lean all of youre profits in bitcoin. |
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Chasoid
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October 07, 2017, 12:21:29 PM |
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As everyone here already said to take all the money and buy bitcoins on them it's very risky. But at the same time, if you put a little mind on this idea, you can, for example, invest a tenth of all the funds in bitcoin and enjoy the taste of victory one day. On the other hand, it will not be so insulting to lose a tenth in case of failure.
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Vivimubarak
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October 07, 2017, 12:41:12 PM |
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it is very risky to change your bitcoin with fluctuating prices that are not erratic as it is today, but if the higher the bitcoin value it becomes profitable for us and become income for us later, take the example first bitcoin is in the range 1 btc = 1 dollar, now has to 1 btc = 4333 dollars
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anitayui
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October 07, 2017, 01:04:56 PM |
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All investment have risk to the investor, but I think bitcoin is profitable investment for who can play long term. Don't sell bitcoin when the price drop. Bitcoin price is fluctuating so it's will high risk if you turn all your money into invest bitcoin.
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cryptolerant
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October 07, 2017, 01:06:29 PM |
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the answer is yes. you should never do all your investing in one instrument. you should always divide it to different baskets, so you still have some eggs if something bad happens.
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magz
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October 07, 2017, 01:11:32 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. You have to left some money in case of emergency. Because if you put all your money in Bitcoin wallet then something happen, all banks are closed, you can't exchange your Bitcoin with fiat if that happens. So buy Bitcoin with your excess money, but not all. |
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vandvl
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October 07, 2017, 01:44:37 PM |
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yes put all your money to bitcoin is to risky especialy you dont know much about bitcoin.. its better to give a half of your money in bitcoin so that incase you lose you have support...
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Harrisonimo
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October 07, 2017, 01:45:43 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, a real thought question that has crossed my mind so many times. I for one will put most of my cash into it and let it work for me than staying in a bank fallow! The risk are much less if your converted money in Bitcoin is put in a regulated trade. I don't buy the idea of just keeping money in bank except in shares, bonds, treasury bills and the likes. Irrespective of the risks involved in Bitcoin or Cryptocurrencies in general, that's why we are all here and it is somewhat sustaining. So, my take is, you can turn most into bitcoins or other businesses and leave few for the daily needs and contingencies. |
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felipe04
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October 07, 2017, 01:49:23 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!
we have hard wallet here for the safety of your bitcoin but the only problem is the volatile price you can rely for the security to save your money here but the problem is the volatile price of bitcoin here in philippines we have exchanger of bitcoin to our own try to search in your country if you have like that |
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Carmen01
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October 07, 2017, 02:14:14 PM |
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Yes its risky like some of post here say this is risky because its volatile but for me i will invest my money here if i have because of my reason that the bitcoin is going so high based in past 7 years history of bitcoin read here in some topic the price of bitcoin is 20x now so risky but also a big chance of profit
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S A KHAIR
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1xBit recovered their reputation
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October 07, 2017, 02:51:37 PM |
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Yes, you are correct. But, We need some more features, we need such fast transaction with low fees.
Other electronic money is also faster like BTC but they are not profitable like BTC. Bitcoin is a good place for any Investor. To be achieve more popularity BTC needs to reduce transaction fees cause at present Due to high costs, we are not able to send low amount.
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jennywhzz
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October 07, 2017, 03:23:01 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!
Bitcoin is volatile also there's no fix price for bitcoins. Its increase and decrease all the time . Nobody know when it fall down and you lose all your money. So for me its risk to exchange your all money with bitcoins. An intelligent decision is to move only part of your money in bitcoin and keep the rest of cash for some other projects. It is always better not to keep all your eggs in a single basket. |
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ropyu1978
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October 07, 2017, 03:26:25 PM |
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how much would you buy. I think you can do with various methods, don't you waste all your money on one coin. you should spread for some coins.
I think that sal will reduce the risk. although the increase value is always potential for bitcoin.
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coinluisa
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October 07, 2017, 03:41:45 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!
In turns of investment there is always a risk so dont put your all money just put that you can lose. Always check the price in the market so you can earn big profit. |
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CryptoBurger
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October 07, 2017, 03:44:28 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 definitely riskier than letting it sit in a bank, at least short term. but who knows, the bank could fail any day now! |
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senne
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October 07, 2017, 03:53:17 PM |
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I will never suggest this move to anyone, not because it is highly volatile or something else. But because of the fact that it is just popular among 1% of the population right now and also you cannot have transaction with Bitcoin at most of the places which probably means that you have no real money, if you want to buy some local goods or daily products. There is no doubt that, Bitcoin is emerging as one of the most powerful country but still many people are unaware of the term Bitcoin. So, I will suggest that you should invest money in Bitcoin but don’t invest the entire amount that you hold.
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