hadisaw
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https://keepcalm.finance/
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November 09, 2017, 10:49:38 PM |
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It's too risky, better invested 40% - 50% of your money. Because the fluctuating bitcoin price will make you panic when it will drop dramatically.
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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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ruthbabe
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November 09, 2017, 11:34:23 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!
Bitcoin is a risky investment in so many factors, such as high volatility and security risks. So, I think it's not advisable to invest all your money on it but some amount you feel you can afford to lose. |
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LTCendmanagement
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November 10, 2017, 02:23:37 AM |
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Do not do that, better set aside some of your money for bitcoin, some for your life. If you're broke in bitcoin or maybe you're the victim of a hacker, you'll regret it forever.
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Lalafell
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November 10, 2017, 12:54:42 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!
Actually, its too risky to turn all your money into bitcoin because the price of bitcoin is volatile so that there are time it will drop and it may result to losing money. However, if you have trust in bitcoin you must turn all your money because having a lot of bitcoin is an opportunity to become rich. |
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DIMKAZDS
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November 10, 2017, 01:23:14 PM |
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Of course, there is a risk, because bitcoin now has big price fluctuations. If you invest all your money in bitcoin, you may lose money in the short term and you will be under a lot of pressure. So I do not recommend that you invest all your money in bitcoin, with a small investment. Of course you have to understand the risks of investing. good luck.  Yes definitely it is very risky to turn all of out money to bitcoins.The biggest disadvantage of bitcoin is its volatile nature.We do not know when will its value increase or decrease and upto what extent.Though today its price is at a very good level and we cannot say what will happen tomorrow.Few weeks back its value was very low.People who had invested in bitcoin suffered a big loss recently.You should need to have an adequate knowledge about bitcoin and investing or trading in bitcoin.Since it is not under the control of any central bank or government,there can be many cases of fraud too. |
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Sihab76
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November 10, 2017, 01:28:31 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 very risky because sometimes Bitcoin price rise ups and sometimes Bitcoin price fall down. Some time hacker hack someone Bitcoin address or account. I believe all money transfer into Bitcoin is so risky. |
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Gloria_16
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November 10, 2017, 02:12:57 PM |
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Traders crypto currency have a golden rule - "do not use money that you are afraid of losing" you should not sell the house and buy bitcoin, but you can invest money that is dusting in the bank.
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BrendaGee
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November 10, 2017, 02:13:33 PM |
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I think its not risky beside if you want to use them anytime you can just convert some into fiat. Bitcoin is a good currency to hold either for short term or long term period specially now that the value keep increasing. Converting all your money into bitcoin does not mean you cannot use them when you need it so I think there's no risk with that
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selectaselectine
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I-CHAIN - The Revolution of Digital Advertising
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November 10, 2017, 02:25:38 PM |
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Yes. It is also very unwise since the Bitcoin value varies, you can't always expect it to increase since you will not be able to control it.
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teslax5
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November 10, 2017, 02:26:06 PM |
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always risky, but hey, risk = reward right?
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BlockMedx
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November 10, 2017, 02:27:31 PM |
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Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
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LogitechMouse
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Chancellor on brink of second bailout for banks
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November 10, 2017, 02:30:31 PM |
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Yes its risky to turn all of your money into bitcoins as the price of bitcoin is very volatile and you will probably lose especially if you don't have knowledge about bitcoin. If you want to invest, just get a percentage of your money in investing and don't put all of your money. As they said "Don't put your eggs in one basket".
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susila_bai
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November 10, 2017, 02:36:36 PM |
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I think its not risky beside if you want to use them anytime you can just convert some into fiat. Bitcoin is a good currency to hold either for short term or long term period specially now that the value keep increasing. Converting all your money into bitcoin does not mean you cannot use them when you need it so I think there's no risk with that
What you are telling is wrong investing whole investment to Bitcoins is always risky as you can see the price went down from 7800+ to 6700+ so who ever invested in high level is now i loss and suddenly he is in need of fiat currency then will have to sell in loss. So it is not good to invest fully in bitcoins but invest only that much amount which dont affect your financial position if the bitcoin price goes down. |
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Voice-Of-Reason
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November 10, 2017, 02:37:53 PM |
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how much are you willing to lose, put that into crypto, if you can't lose anything, then don't play into crypto
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krulviper
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November 10, 2017, 02:43:23 PM |
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that's very risky, if you want to invest in bitcoin, you have to use money that will not be hastily use, so you do not panic to sell it when the price of bitcoin fall,
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nagatraju
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November 10, 2017, 02:44:06 PM |
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Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. It is also important to note that you should know that bitcoin has a volatile stock and it's not good to put all your eggs in one basket
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jackhdt
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November 10, 2017, 02:54:59 PM |
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Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
Agree with you that all forms of the savings are risky. Bitcoin price oscillation is too strong so we worry about it. But if we ventured with Bitcoin, profits when long-term investment is very large |
Make me great again
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cryptolerant
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November 10, 2017, 02:59:32 PM |
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Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
This is very important advise actually. Out teachers taught us in the first lesson in Economy lessons. You should not put all your eggs into one basket. If something happens to this basket you may lose all of your eggs. To be able to minimize your risks you should always divide your capital into different investment tools. |
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kyasarin1205
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November 10, 2017, 03:14:54 PM |
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Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. It is also important to note that you should know that bitcoin has a volatile stock and it's not good to put all your eggs in one basket
Never put all eggs in one basket. I have read about this and I certainly agree about it for all crypto currencies like bitcoin is too volatile that putting all your money or your funds into it is very risky and dangerous. There are times that its market price is on rise but of course there will be times when it is falling. Tracking or knowing the past issues about it is very helpful to understand it. It will be wiser if what we do is to use only a part of the money so that if things did not go how we planned it, there will still be money left for us. |
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ToyotaFortuner
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November 10, 2017, 03:31:15 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!
this is not harmful, if the risk may still exist because of the risk when you become panicked and desperate to sell cheap then you will lose for the rest of your life. that's the risk. |
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