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rasmadisulaiman
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October 26, 2017, 02:24:58 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!
Obviously it is very risky. You must have a well planned investment details, do not be rash. Learn before acting, siasati 2 to 3 steps forward if you experience things that are not desired. |
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cryptohome
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October 26, 2017, 02:29:20 AM |
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yes it is absolutely very risky unless your prediction of market is 100% right, which is not possible.
Always have some reserve, and put in just the right investment which you feel is worth risking in some cases. Not that you will lose it, but it's always good to be on the safe side no matter what.
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4p0l4k4y
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October 26, 2017, 02:32:59 AM |
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I would strongly recommend for you dude not to do that specialy if you are just new in the bitcoin world. Try learning everything about bitcoin first and how to earn from it before making a big risk. Thank me later  |
I help small and medium business owners increase brand awareness by creating engaging content, customer support, managing email marketing, and implementing automation.
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Millzp0
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October 26, 2017, 02:39:28 AM |
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Do you think it's not risky to hold money in the bank?  it is risky. But Bitcoin will bring you 300% growth per year, but how much your bank gives to you? 5-10% per year. I have heard stories about people who take a loan in a bank and buy Bitcoin with those money. And it really can be profitable, cause of Bitcoin will give you +300% and for loan you will pay 10-20% provision  So, think yourself what is more risky here and more profitable. you were the first positive comments I came across since the start of the thread. I presume majority of people are not risk takers and not quite good decision makers. if you made enough money to risk all your money and put it all into bitcoin then even if bitcoin fails you still will know how to get back on your feet. there a reason why only 1% of the population is rich and that is because they did what absolutely no one else would agree to do. |
16B9V1QRCjLvzg676nbagXEtTigfekjwuS
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doomistake
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October 26, 2017, 02:41:56 AM |
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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.
There are two options: 1.) If you have a lot of money, money is not a problem to you at all, then you plan on buying bitcoin with all of it, I guess it is not risky at all, because you could make profits in a very short period of time when bitcoin PUMPS after you bought some on a DUMP state. 2.) If you want to risk all of your money, because you wanted to earn that bad, you have to make a tough decision, you could risk all of your money, and if you have changed your mind after you bought bitcoin with all of your money, then you could just simply sell it and you have your money back, with your profits maybe. In my conclusion, bitcoin is not risky even there are some people thinking it that way, but it is really not. It is a good way on how you could earn money on a very safe and easy way. |
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ghost424
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October 26, 2017, 02:46:16 AM |
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There is no risk in converting money into bitcoin. But there are many factors to be kept in mind. Everytime you are converting money into bitcoin, there is already a deduction for the conversion of money. The price of bitcoin is also still fluctuating so there is a chance that your bitcoin will be very low but will also get profit of the price of bitcoin goes higher. The only risk is that if you gamble bitcoin, there is a risk that you can lose it all.
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Givebirth
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October 26, 2017, 02:59:37 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!
Don't invest all your money to bitcoin. Make it half. So you have savings in case of emergency. You will never know what would be the consequences of investing it all in bitcoin so for safety reason save atleast half on the bank just let it sit there. |
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JeremyPeng
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October 26, 2017, 03:03:22 AM |
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I think it's too risky to turn all. You may turn 30% at most
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Jessica2009
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October 26, 2017, 03:09:43 AM |
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To my opinion it is risky to turn all your money to bitcoins, since there is a possibility to lose.Bitcoin might be intangible,even paper money or securities can be presented to a central bank or company;digital currency is a decentralized and just a piece of code on the internet, so it has no country or company for you to ask to honor it. After buying bitcoins never leave them at the exchange if it is affordable move the bitcoins to a hardware wallet to store or a paper wallet.Buying bitcoin is a valuable asset now since there is only 21 million available and of that 80% of all bitcoins are mined, this scarcity could continue for the demand.
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gabbie2010
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October 26, 2017, 03:10:36 AM |
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It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
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Activitycoin
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October 26, 2017, 03:10:54 AM |
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It is risky if you don't know anything about it and you didn't secure your wallet/account. Hackers are very intelligent nowadays. They can detect if you have any bitcoin. It is wonderful to engage it crypto but you must be careful.
Well I know some of the rich people in my country or in simple word you can say they are billionaire and they investment a very huge of amount in bitcoin and believe the way they got a profit from it I can’t tell you now they buy a lot of properties and now they increase their money and businesses so I believe that bitcoin is totally safe and sound for investment. |
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nidacoinlove
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October 26, 2017, 03:34:57 AM |
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It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Being a business student and practitioner I have learned one thing from my studies and as well as from my personal experience to not to put all the eggs in the same basket. Wara never know what is gonna happen in the future because anything in this world is not 100% risk free. Therefore, whatever the step we take towards investment we must make it sure to minimize the risk. It is much better to diversify your investment into various tracks. |
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jack1111
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October 26, 2017, 03:51:14 AM |
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It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money.
Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
Being a business student and practitioner I have learned one thing from my studies and as well as from my personal experience to not to put all the eggs in the same basket. Wara never know what is gonna happen in the future because anything in this world is not 100% risk free. Therefore, whatever the step we take towards investment we must make it sure to minimize the risk. It is much better to diversify your investment into various tracks. You are right, there is no safe investment in the world, but there is wise decisions and mindful management, these factors are needed when someone decides to invest in volatile assets like cryptocurrencies, which can easily make you loser. |
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b_parin
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October 26, 2017, 04:01:33 AM
Last edit: October 26, 2017, 04:17:06 AM by b_parin |
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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. You can invest some of your money but not all. Imagine you can lose anytime. More risk, more profit but invest only what you afford to lose. |
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Notcalculator
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★Bitvest.io★ Play Plinko or Invest!
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October 26, 2017, 04:07:30 AM |
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It's definitely risky. Im not saying you shouldn't do it. Time it right and there's going to be a return. There are no "risk-free" investments but bitcoin is especially riskier because of its volatility. But that's also the one thing that makes it a potentially high return investment.
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bucker steemit
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October 26, 2017, 04:08:02 AM |
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the decision is in your hands. if you want to turn all your money into bitcoin and leave the bank it is definitely a risk, but if you save in bank your money will be safe and not move.
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Wong Gendheng
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October 26, 2017, 04:08:41 AM |
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This is a gambling if you turn all my money to bitcoin, and I suggest not to put all the money to bitcoin, we never know what will happen with tomorrow, next month or next year, better for investment portion and the best choice is no more than 50% of total assets that we have.
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azmiupb
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October 26, 2017, 04:11:00 AM |
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Its risky to turn all your money into bitcoin. Sometime bitcoin price goes up and sometime down like a few days ago.
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namoca
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October 26, 2017, 04:15:26 AM |
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In my humble opinion, yes that would be so risky if you don't know how to hold your coins properly. You might get lose all of it when the time that bitcoins get down. So, what I did is that I cut 50% of my coins and put it into my bank savings account and that's it! Sometimes I also use my coins for trading, but that is for long term investment and as of the moment I raised my investment into 30% which got useful for me as a newbie to this kind of industry.
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nerijoyfy
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October 26, 2017, 04:45:24 AM |
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It is risky but there're some people who even sell their house to invest in Bitcoin and so far, they're profiting from it. The interesting of being a risk taker is people will call you a fool when you fail and they will call you a hero when you succeed.
My 1st rule in investing is never invest more than you can afford, there's must be a plan B.
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