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zokora
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October 15, 2017, 03:58:58 PM |
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turning all your money is risky. you may need an urgent expense while bitcoin dumps. Why dont you turn lets say 50% og your all money? diversity is always good.
If the price was not this high I would recommend a higher percentage but 5500 usd is risky. Yes it would be much higher next year, but after a correction for sure
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ajochems
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October 15, 2017, 04:17:45 PM |
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turning all your money is risky. you may need an urgent expense while bitcoin dumps. Why dont you turn lets say 50% og your all money? diversity is always good.
If the price was not this high I would recommend a higher percentage but 5500 usd is risky. Yes it would be much higher next year, but after a correction for sure
Yes,Inverse of full money in some how risky.If the price reach high means ,you will get profit .If the price of bitcoin reaches low value means, Your inverse of bitcoin will be sit waste.To get profit you have to avoid sell of bitcoin when the price reach low value. Avoid of panic selling. I f you act wisely means, it's not at all risky. |
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Betwrong
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Activity: 3276
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I stand with Ukraine.
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October 15, 2017, 04:40:35 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. I'm not sure about the big economic crash you are talking about, but in some countries, especially in countries with weak economy, an economic crash is almost unavoidable, so in those countries indeed it is better to invest money in Bitcoin rather than keep it in the bank or at home. |
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imteaz
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October 15, 2017, 04:45:01 PM |
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Right now, it's not all risky, because everyone wants a pie of Bit coin Gold. But it will be risky if you buy it now and sell it after 2 weeks, because after October 25, price will come down, and will adjust the market. So do little bit research why Btc price keep going up, you will know what's behind it.
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Visbay
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October 16, 2017, 03:33:17 AM |
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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. |
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whoisyourking
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October 16, 2017, 04:22:22 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!
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. |
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NelfiNovita
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October 16, 2017, 05:09:50 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 risky if you make all the money you have become bitcoin, because we do not know for the future bitcoin will be like, you better be wary if happened bad possibilities on bitcoin. just some of it you change it and you will not worry too much. |
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Betwrong
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I stand with Ukraine.
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October 16, 2017, 11:18:23 AM |
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Right now, it's not all risky, because everyone wants a pie of Bit coin Gold. But it will be risky if you buy it now and sell it after 2 weeks, because after October 25, price will come down, and will adjust the market. So do little bit research why Btc price keep going up, you will know what's behind it.
If you are sure that Bitcoin price will go down after October 25, which I personally doubt, why are you saying that buying now is not risky? There is no logic in that statement. If you are right he shouldn't buy now anything and wait until October 25 when the price will be lower and then buy BTC. In my opinion what is risky is waiting now because it looks like Bitcoin is going up and probably right now is a good opportunity to buy when the price is still low compared to what will be in the future. |
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Ranly123
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★777Coin.com★ Fun BTC Casino!
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October 16, 2017, 11:23:16 AM |
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The risk is too high since you wont be able to have balance in your pocket to buy the things you needed. It is advisable to invest only the amount you can afford to lose. The volatility of bitcoin makes it hard to predict its value.
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White Christmas
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★Bitvest.io★ Play Plinko or Invest!
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October 16, 2017, 11:31:25 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 will become risky for you if you dont have enough knowledge about bitcoin. It will also just sit in your bitcoin wallet if you dont do anything to it. Before turning all your money to bitcoin, you need to maximize your knowledge first about what is bitcoin's usage and capabilities. |
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soham
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October 16, 2017, 11:32:18 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!
Absolutely yes! It is very risky to turn all your money into bitcoin. It is not only about bitcoin but about investing in a single asset. So if that asset price goes down, you will be bankrupt with no money in hand. So it is always a good idea to diversify your investment portfolio. Try investing in some real world assets like gold, stocks and bonds along with bitcoin. It will ensure your capital protection as well as it will earn you some interest. But being aggressive in investment is not a cleaver idea. |
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metenjean
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October 16, 2017, 11:32:21 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!
Damn thats too risky, you're like betting all in in the poker. If you want to invest in bitcoins then make some small percentage for your backup money, in case bitcoin crash or take longer time to make profits then you still got cash to live on other than depending on your investment. You should know that instant money didn't come too anyone. Its just a lucky guess  |
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Xising
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October 16, 2017, 11:36:13 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 you already know the answer to your question. The value of bitcoin changes/fluctuates from time to time and being unstable in nature, makes investing on bitcoin is extremely risky. Secure enough money to provide your daily needs and make sure the money you use to buy bitcoin does not compromise your day-today budget. Investing all your money on bitcoin is very tempting, but you have to consider all possibilities first, before making the decision. |
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Diablesfunis
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October 16, 2017, 11:49:10 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 it's very risky in my opinion to invest all your money in bitcoin. Never went all in on something and you should only invest what you can afford to lose. Bitcoin situation is very uncertain especially the upcoming November fork so you never know. |
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de_xt
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October 16, 2017, 11:49:40 AM |
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I do not invest all the money I have in Bitcoin. That would be too much risk. A man with a good head will never do that. I can only lay half of the money I have in Bitcoin, which is a great risk but I can afford it. The other half of the money is in my pocket.
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Theo222
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October 16, 2017, 12:00:42 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!
I think yes if you turn all your money to bitcoin maybe your money will be decrease or increase because the price is unstable you cannot say you are always a winner. |
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no0dlepunk
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October 16, 2017, 12:07:46 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!
No, it's not... you can put all your money in bitcoins but make sure to sell everytime there is a bad news. And then buy back at dip to keep the amount of bitcoins in your bag. I assume that you know what i'm sayin... If you are afraid to take the risk of long term investment, it is best if you will take profit consistently. |
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AmXProX
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October 16, 2017, 12:17:59 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.
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oegarod
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October 16, 2017, 12:23:03 PM |
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I do not invest all the money I have in Bitcoin. That would be too much risk. A man with a good head will never do that. I can only lay half of the money I have in Bitcoin, which is a great risk but I can afford it. The other half of the money is in my pocket.
Such a diversified investment will surely provide user with the advantageof staying on the safer side. People has got the ease of accessing to invest big amounts into bitcoin through different sources starting from bank deposit to other means of third party service renders. |
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Mikasa77
Member
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Activity: 140
Merit: 10
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October 16, 2017, 12:25:56 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!
Before turning all your money to bitcoin, i recommend you to learn first the bitcoin's usage and capabilities. In that way, it will not be risky for you to turn all your money to bitcoin. It is a good idea that youre planning to turn your money to bitcoin because its an investment for future purposes. |
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