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Emworks
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October 11, 2017, 07:40:48 PM |
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Its a suicide decision.Its too risky to put your savings in bitcoin..it may look good today but still its not stable and theres no guarantee you will make a million bucks..if you take a look at the chart it frenquently changing and sudden drop might happen.its better to diversify your porfolio rather than puting it in one basket.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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DimaS1574
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October 11, 2017, 07:53:58 PM |
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To my mind surely it is a risk. very well suits one sentence -"don't put all egs in one busket". I think you have to diversify all risks
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veraoktav127
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October 12, 2017, 04:51:05 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!
if we want to invest safely it must be smart to arrange it, there are short-term investments such as savings in banks or savings, long-term investment can be in gold or property. Bitcoin may be both short-term and long-term investments, so it's better to multiply investments with different types of investments |
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creame
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October 12, 2017, 05:33:21 AM |
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A dollar ain't what it use to be. I think its more risky if you don't put all your money in Bitcoin. Bitcoin is multiplying in value - cash money loses value everyday. Bitcoin also ain't what it use to be, but in a good way.
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diegz
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October 12, 2017, 05:37:00 AM |
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A dollar ain't what it use to be. I think its more risky if you don't put all your money in Bitcoin. Bitcoin is multiplying in value - cash money loses value everyday. Bitcoin also ain't what it use to be, but in a good way.
How about the security and insurance? is bitcoin secure and insured when it is in your wallet like banks do? I think it's not. So, I think it's risky to put all your money into bitcoin. If something go wrong with your wallet, then your money will be gone, while when your money is in the bank, when they are robbed, your money is insured. I think it is still better to put your money into your bank and your bitcoin earning into your wallet. |
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Me2ci
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October 12, 2017, 05:40:01 AM |
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I would say its pretty risky. I would also say put SOME not ALL of it in btc/eth/alt coins and the rest in stocks, bonds, etc. Its good to have a bunch of various different ways of storing value. Everyone has their own risk tolerance and preference as well so keep that in to consideration. If youre younger you generally have a high risk tolerance since you are able to make it up later. If you are old you tend to be more conservative.
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josephpogi
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October 12, 2017, 05:45:15 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!
Of course yes! But if you have a courage to invest all your monet it's up to you all investor must need to take the risk but if you have a trust in bitcoin it will give you a lot of money or become rich someday but as i said if you turn all your money in bitcoin it's to risky. |
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Firefly Foundation
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October 12, 2017, 05:49:08 AM |
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If take all of your money on the bitcoin, certainly it can be a very risky thing. For invest, people should always be careful of that.
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vk8181
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October 12, 2017, 05:54:19 AM |
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Yes bitcoin is a very good thing to hold your money on but still you should not turn all your money into...there is always 1% risk and you should he safe in all aspects
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jhony525525
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October 12, 2017, 05:56:22 AM |
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It is highly risky to convert all your currency into only one currency because if there is any change in that currency all your money will ruined. It is saying that don’t invest all your money into one investment the same is for money if you convert all your money into one currency for the sake of profit there is a probability to get loss instead of profit.
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athanz88
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October 12, 2017, 05:57:02 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!
It is not good to go all in. Invest what you can afford to lose. Investment is a two sided blade, so you need to think and learn how to use it right and carefully. |
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TUs77777
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October 12, 2017, 06:07:22 AM |
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It's not even risky, it's stupid ! you must have strategy for any development of events, but if you invest everything in bitcoin, and there's a fiasco what do you do ?
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KevinSutrisno
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October 12, 2017, 06:08:53 AM |
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I think you should keep your money really vacant to be invested into bitcoin or other investment instruments because the movement of Bitcoin is fluctuating enough that it can cause losses if the funds will be used for something urgent but the price is low when compared to when buying. save sufficient according to your ability and leave for some time then feel the abundant profit you get.
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Bluestreet
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October 12, 2017, 07:43:37 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 very risky to turn all your money into bitcoin as you should always have a decent amount of cash with you on which you can survive for few months in case something bad happens, so I would advise you to first have a check on how much you spend monthly and then invest in bitcoins on basis of that. |
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lili song
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October 12, 2017, 08:05:10 AM
Last edit: October 12, 2017, 10:10:57 AM by lili song |
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Yes very risk, you should save some your money to the other things.
Better used bitcoin is for long term investment. I see in this year bitcoin increase faster.
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suvo05
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October 12, 2017, 08:11:33 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!
Certainly it is very much risky. There could be a health related situation/or anything like that, when you need a good amount of money and you will find none of this kind of service accepting bitcoin. Then you will have to sell your coins might be in a low price. So as per current situation you must have some flat money. |
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Evilmorty69
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October 12, 2017, 08:11:58 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!
I think best way would be to invest you money. For example I invested in Confideal and its really good. :)I think it all depends on the project. If you do not believe in the product, during the bounty period, dialed tokens, then you need to sell at the same second. If this is a real product that can bring income, it is worth the wait.  |
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merlyn22
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October 12, 2017, 08:14:38 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!
i suggest not. Invest only what you afford. How about your daily needs... dont put your self into a hard time.. |
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MoneyIsDebt
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October 12, 2017, 08:21:47 AM |
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Yes very risk, you should save some your money to the other things. Better for bitcoin is for long term investment.
Yes i am quite fimiliar with you and i think putting all in it is quite dangerous or risky but i really believe in its potential and i think over the years we have seen its progress and i think it is now considered as safe haven for investment. But if you dont know how crypto currencies work you should first take time time learn before investing in something you don't know. Its i will advice you to invest 25% of your money in bitcoin , 25% in altcoin if you are going for the big investment. |
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CoinFoxs
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October 12, 2017, 08:47:56 AM |
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Yes very risk, you should save some your money to the other things. Better for bitcoin is for long term investment.
Exactly because if we convert all our assets to bitcoin and in future we need money for some reason and bitcoin is down at the same time then we will haveto face a loss because we have to exchange bitcoin at that time. So better is invest some percent of your savings. |
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