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cosmoo
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November 19, 2017, 02:51:16 PM |
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Cryptocurrency world is so unpredictable, so it's very risky. I do not advise invest all of your money in it. You can try to invest a part, but not all.
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pocketfullofpoke
Full Member
 Offline
Activity: 476
Merit: 101
www.daxico.com
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November 19, 2017, 02:53:42 PM |
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It is risky since bitcoin's price may go down anytime soon but it's worth the risk also because we know that bitcoin keeps on rising as the speculation of many seems to be working too that bitcoin's value will reach 10K USD before this year ends.
So if i were you, i will go and take the risk of investing in bitcoin and watch my money grows than sitting it on the bank and gaining almost nothing.
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furry04
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November 19, 2017, 02:56:26 PM |
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If I were you I would invest in 5 different coins. Yeah the first one would be bitcoin and the rest would be some stable coins which are in first 10 of the list and have real businesses. By doing this you can earn a lot but in the long term.
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Stanlymaker
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November 19, 2017, 02:58:41 PM |
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In my opinion this is not very reasonable. Bitcoin is not the only crypto currency, and it's better to have a lot of different coins in your portfolio. You can also invest your money in promising projects.
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║ ╔══════╡XZEN | Hardware wallet of the future╞══════╗ ║ |
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Goodday
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November 19, 2017, 02:58:54 PM |
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If I find it very risky, but depending on we can keep our bitcoin account, account security must be maintained and should be more careful.  |
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LyQaN
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November 19, 2017, 03:15:00 PM |
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ya,its very risky, banks provide you with interest no matter how slow is growth of your money is ,your money is safe and you can use them anytime and anyplace you want both physically and through online payments,on other hand bitcoin value is volatile and keeps on changing ,it can give you great profits from the amount you bought bitcoin ,but it can also decrease from the value you bought bitcoin,so create a balance and invest a little in bitcoin.
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Simon pasco
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Activity: 76
Merit: 10
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November 19, 2017, 05:31:14 PM |
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The winning strategy would clearly be to invest in several currencies and not to touch for several years, there could be some nice surprises.
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dragon fire
Member
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Activity: 151
Merit: 10
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November 19, 2017, 05:38:54 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. risk whether or not it depends on how we believe it. because in my opinion, the bitcoin is like a stable gold price. and enable us to invest well for the future |
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soy
Legendary
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Activity: 1428
Merit: 1013
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November 19, 2017, 05:42:39 PM |
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Of course it's risky. The crypto market is one of the most dangerous sectors of all finance. Even bitcoin that is deemed to be a solid value is risky... So making an all-in in is totally stupid, yeah. You need to improve your money management and diversify your investments. It's the only way not to go bankrupt if there's a problem
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Ekanenf
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November 20, 2017, 01:35:01 AM |
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Of course it's risky. The crypto market is one of the most dangerous sectors of all finance. Even bitcoin that is deemed to be a solid value is risky... So making an all-in in is totally stupid, yeah. You need to improve your money management and diversify your investments. It's the only way not to go bankrupt if there's a problem
I don't think so, we're not just talking here about crypto market, we're talking about bitcoin, the most amazing coin living here in the cryptocurrency world. Turning your money, all of your money to bitcoin is a very nice idea to do so far, investing your money on it won't give you any regrets in the end, in fact, it will just give you huge profits in the long run. |
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okour999
Member
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Activity: 393
Merit: 10
Decentralized Gaming Platform - Play & Earn $
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November 20, 2017, 03:33:48 AM |
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I think it would be based there for total 100%. 70% risk free and 30% for risky because you put your money all in bitcoin you also get my bigger price increase.
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SangkuniBird
Member
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Activity: 108
Merit: 100
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November 20, 2017, 03:40:25 AM |
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In my opinion, it's very risky to turn all your money into bitcoin and also not a very wise choice. Bitcoin is always unstable. The price fluctuation is so much that it is like a rollercoaster ride. So you will never know when you can experience huge losses in it.
Also when bitcoin begins to become very popular and decentralized, governments begin to look for ways to control it and when they can not, they either accept it or ban it. But its volatile nature makes a big risk to our savings that are the money we earn.
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Heyfive94
Newbie
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Activity: 56
Merit: 0
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November 20, 2017, 04:26:16 AM |
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Yes of course.Have you ever heard "Never ever put all eggs on one basket". Think about that,If BTC got rose you need to be worry be happy.But what if after you invest bitcoin go down.Day buy day you falling down as bitcoin.You might get even crazy bcz your all money in there.I advice for you is don't invest all your money on BTC.Invest that you can recover if it falls.Like 20%.
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trungnhatnguyen06
Jr. Member
Offline
Activity: 39
Merit: 10
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November 20, 2017, 04:30:39 AM |
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yes, due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily.
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thenameisjay
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November 20, 2017, 04:33:20 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! All investments are risky but it's better to plave it on something rather than keep it on the bank doing nothing. Use to your advantage. It's your money to begin with. Invest them on bitcoins and make a lot of money out of it. Just buy at the most optimum price (the lowest) to maximize profits. |
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klebsiella
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November 20, 2017, 05:48:20 AM |
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Yes it is risky, more so if you say "all your money". Don't forget cryptocurrencies are much volatile that stocks or bonds, it could go up in a matter of minutes or hours and it could also extremely crash. Also because of it's value and popularity now scammers and hackers are trying to get in the accounts of investors to hack some exchanges. So it is unwise to turn all your money to bitcoins.
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boddy.dy
Member
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Activity: 252
Merit: 17
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November 20, 2017, 07:58:34 AM |
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As far as I know, in life we don’t need to give everything we have. We always need to set aside for our own. It is good to turn money in bitcoins because this is a good investment. However, if you will turn all your money to bitcoin, you will be in fear that I might be gone or lost. For you to be at peace, it is better to invest money that if get lost or gone you can still stand up and continue to live a good life.
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HollowIP
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November 20, 2017, 08:04:59 AM |
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Just put some money that you can afford to lose dont go all in, but what I believe bitcoin could reach $10k soon
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BTC- 3FofPhtcESndpyLTJTJEnpShdHgbN82pAz
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MRY
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November 20, 2017, 10:11:39 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 will not put all my money in one place because it is very risky if you lose, better put in some other place too so if you lose, you do not lose all your money because still have money in some other place |
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