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StonedWolf
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October 14, 2017, 10:49:38 AM |
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It is an extremely delicate affair, it is also risky in the sense that after this transofmation you can win an important amount of money or the opposite. Personally, I advise you to learn about traiding in order to know well how, when and which sum to transform. It greatly reduces the probability of failure, but it remains non-zero.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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DoublerHunter
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October 14, 2017, 11:44:14 AM |
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It is an extremely delicate affair, it is also risky in the sense that after this transofmation you can win an important amount of money or the opposite. Personally, I advise you to learn about traiding in order to know well how, when and which sum to transform. It greatly reduces the probability of failure, but it remains non-zero.
Trading can be a good source of income for the people who don't want to put all of their money because they can still get the profit that they could possibly get in investing because in trading you can make profit everyday and it is not just small profit because if you will work hard in trading you can earn a thousand of dollars in just a week. |
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btctousd81
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October 14, 2017, 12:02:12 PM |
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is it risky to put all your money in bitcoin ?
yes.
is it risky to put some of your money in bitcoin ?
no.
if you see, bitcoin history. then you will see, bitcoin is only going up till now.,
so its fine to invest some of your funds in bitcoin as bitcoin is giving way more ROI than any other scheme available out there.
ill say, invest as much as you can, as soon as you can. and hold on it.
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kiddeon123
Full Member
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Activity: 291
Merit: 101
https://icoenergy.org/
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October 14, 2017, 12:07:03 PM |
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for me investing all your money is not a good idea, maybe 40-60% yes, It may work, atleast you still have something if it fails, but I think butcoin is worth the risk when you check the trend of its price and also every thing has a risk so its up to you if you are willing to take it. The bigger the risk the higher the price
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reliable
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October 14, 2017, 12:11:09 PM |
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for me investing all your money is not a good idea, maybe 40-60% yes, It may work, atleast you still have something if it fails, but I think butcoin is worth the risk when you check the trend of its price and also every thing has a risk so its up to you if you are willing to take it. The bigger the risk the higher the price
Yes it is not recommended even by the best of the experts to invest all your money in one thing. It can be too dangerous if things does not go right as per you then you may loose a huge amount of your money unless it is extra then its fine. |
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yndye
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October 14, 2017, 12:12:27 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. As much as possible, only invest in bitcoin what you can afford to lose and spread out your investment. It is highly rewarding to invest in bitcoin if the price of it increase but still we cannot deny the possibility of it decreasing in price. Saving your money in bank is not profitable either but it is still safer than saving it all in bitcoin. You can choose to put half of your money in bitcoin and put half in bank or any percentage and then put it in another investment option. Spread your risk and spread your investment as well. |
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Sale_man
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October 14, 2017, 12:12:36 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!
If you are willing to take the risk then go on ! I wouldn't change them all to bitcoins but i'd change the half at least since it is a very promising currency and you can see how it evolved through history achieving 5.7k $ right now . It sure has it's ups and downs but profit will always be made . You should wait for the right time do that tho (next correction or hard fork ) . |
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valentin68
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October 14, 2017, 12:14:13 PM |
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Yes of course it is risky, you you keep all your eggs in a basket is risky, isnt't it? I would say to have no more than 10% of your total assets in bitcoins. My preference is to have (for now) less than 5% of all my assets in bitcoins. It is extremly risky to have all your money together in an account.
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FrankNoland
Copper Member
Sr. Member
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Activity: 560
Merit: 253
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October 14, 2017, 12:15:21 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!
Risk is involved in every investment. In my opinion, I think its worth it, bitcoin is not just any cryptocurrency. If you decide to spend all your fiat into bitcoin you should go for it. We all know that the market is volatile, however, bitcoin has proved that it will continue increasing no matter what. Early this year bitcoin was sold at $800-900, looking at it's value currently trading at around $5700, even if it crashes, but it won't be to zero, you will still get something from your initial investment. |
Digital asset exchange for settlement, clearing, custody and trading of various digital assets, utilizing distributed ledger technologies, programmed on the blockchain -https://bex.global
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coindynasty
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Activity: 21
Merit: 0
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October 14, 2017, 12:15:41 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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Betwrong
Legendary
 Online
Activity: 3276
Merit: 2151
I stand with Ukraine.
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October 14, 2017, 12:18:55 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. |
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theglydelmae
Newbie
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October 14, 2017, 12:25:45 PM |
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Yes, of course it's risky! It's always important to know that we need to diversify. We need to have proper allocation of our resources, be it money or other things. diversification is always helpful if you want to minimize the risk.
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maokoto
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October 14, 2017, 12:28:43 PM |
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Yes it is very risky. Bitcoin may get banned in your country, be found hackeable, or lose lots of value. You can also lose access to your coins somehow (lose your keys) which is a possibility too. Or get hacked.
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daserpent
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October 14, 2017, 12:30:29 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!
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. |
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xamxam
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October 14, 2017, 01:03:05 PM |
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i think it's not because we all know that bitcoin is a good currency that many people trusted on it and knowing that it is accepted in many countries is one of the reason that it is safe to turn all your money to bitcoin especially like what you said that it is sit on the bank and do nothing for.
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Rifat0099
Member
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Activity: 112
Merit: 10
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October 14, 2017, 01:08:59 PM |
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NO It is not risky to turn all money to bitcoin. Because bitcoin is on kinds of money. It is digital currency. I think bitcoin is more safe than money. Every day bitcoin price is increasing but money price is not increasing. So I think you should convert your all money to bitcoin. If you convert your all money to bitcoin then you will receive a great profit in far future. And bitcoin is safe. There is no risk in bitcoin. So i highly recommend you to convert all money into bitcoin. Thank You.
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carrie_white
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October 14, 2017, 01:27:37 PM |
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nobody knows about the future, let alone about bitcoin, if we know bitcoin will be this expensive, especially now it is almost through 6000 $, surely we will change our money all become bitcoin.
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Daniel91
Legendary
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October 14, 2017, 01:33:59 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.
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Lintel
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October 14, 2017, 01:34:20 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's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose. Yeah I agree because ot its volatile nature of bitcoin. You can invest in here but I suggest not all of your noney. Because in this business you can either earn big or you wil loss. But at this moment the value of bitcoin is really high. So bitcoin is getting stronger. |
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FRJ
Member
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Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
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October 14, 2017, 01:35:02 PM
Last edit: October 14, 2017, 03:31:28 PM by FRJ |
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It's least risky to turn all your money into bitcoin.Still there remains some question for bitcoins are not legal in most of the countries.So,you may face difficulties as long as it gain legality.But bitcoin will give you a huge number of advantages that may overcome it's dark side and go a long way.You can hold bitcoin,(it's price is raising rapidly),exchage it from any corner of the world without expressing your identity,can trade though it and even you can do shopping in online etc etc.My suggestion is you can turn most of your money into bitcoin but keep a little amount of money with you only to avoid unexpected situations.Best of luck./b]
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