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mornabo
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November 24, 2017, 12:23:48 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, in every investment I think you should always have a plan B just in case your plan A didn't go well. Investing all your money is risky because you leave yourself and your investment vulnerable to emergency situations that may lead you to selling your bitcoins prematurely which may also result to cutting losses or wasted time. thats right, back up plan will be much needed let alone bitcoin is a fluctuating investment, using all your money to buy bitcoin in one time is a big risk because it is very possible after you buy bitcoin, the price will decrease then you will direct loss, will be better if you have back up plan or back up funds,, |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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firsttime99
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Activity: 23
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November 24, 2017, 12:26:25 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, in every investment I think you should always have a plan B just in case your plan A didn't go well. Investing all your money is risky because you leave yourself and your investment vulnerable to emergency situations that may lead you to selling your bitcoins prematurely which may also result to cutting losses or wasted time. thats right, back up plan will be much needed let alone bitcoin is a fluctuating investment, using all your money to buy bitcoin in one time is a big risk because it is very possible after you buy bitcoin, the price will decrease then you will direct loss, will be better if you have back up plan or back up funds,, I agree with you you need a backup plan but i would rather just invest 70-30 in bitcoin and real life because that would be the best thing to do and to make a lot of money out of bitcoins it is possible but i would not prefer it for your self. |
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GreenPowerRanger
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November 24, 2017, 12:28:11 PM |
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Its always risky to invest all your money. But i think with Bitcoins you have a very small risk. It will rise in the next years, if you ask so many people. But no one knows what will happen. So i would just invest the half of my money in bitcoins.
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sazon84
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November 24, 2017, 12:41:53 PM |
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One of the rules of investing - you can not keep all money in one basket. Competently to distribute the asset into several parts, bitcoin, altcoins, Fiat, other investment instruments.
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Wish 107.5
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November 24, 2017, 01:55:20 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!
Well right now that the value is so high, you can say that turning all of your money can be risky. You can turn it into bitcoin but since the value of bitcoin is volatile, there are some possibilities that it will rise or fall. If you think the value will still keep on rising, then you can turn all your money to bitcoin and wait till the value rises as to what you are expecting which is half possible and not. |
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Ad Baculum
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MenaPay - Crypto made easier than cash
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November 24, 2017, 02:02:37 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!
We all know that the value of bitcoin's value is volatile so the chances that the money you are going to have after turning it all to bitcoin may rise or fall. You can try watching over first in the market if the value is rising continuously or not so that you may know if it will benefit you in turning all your money to bitcoin. It may take time but if you are patient enough you will surely receive a reward. |
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oxidoreductase
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November 24, 2017, 02:06:16 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!
Well if you are going to turn all your money to bitcoin way back few years ago, you will surely benefit it a lot right now since the proce grow from the past up to now is very high. But if you are going to turn it all right now, it might be tough for some reasons since the value is very high and the chances are not that big anymore. You can still put up the risk but you should not expect that much. |
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Gladiator25
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★777Coin.com★ Fun BTC Casino!
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November 24, 2017, 02:09:56 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!
Bitcoin itself is risky so if you are going to turn all your money to bitcoin, it will already be a risk itself. The value of bitcoin is very high right now and it is not advisable to turn all your money to bitcoin instead you should just start investing so that you will have the chances to earn large profit as time passes by. Time is very precious here so you should spend it on earning and not on deciding. |
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sampalokmix
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Investing in the future development of blockchain
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November 24, 2017, 02:16:06 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!
Of course , since you already turn all your money to bitcoin , be aware to the fact that it may dump soon , you cant be in the place where in giving all you have is like gaining overnight, I mean its a long way process so absolutely its a risky. |
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Maiscoinyelo
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November 24, 2017, 02:18:28 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!
For some reasons it is risky because the value of bitcoin is increasing a lot nowadays but still there are some instances where it decreases for some reasons like low demand. You can benefit after turning all your money to bitcoin but you should still prepare your heart from any possible disappointments that may occur. Always think wisely and be aware on the things that happening in the market. |
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GrayFullbuster
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November 24, 2017, 02:21:14 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!
The higher the risk, the higher the profit that you can gain. You need to improve your self because you are afraid to invest your money to the bitcoin. You can get profit if you invest your money. |
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East2011
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"Reserve Your Ledger at GYMLEDGER.COM"
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November 24, 2017, 02:23:47 PM |
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For me yes, because you don't know what will be the value of bitcoin in the furure. When you turn all your money into bitcoin then suddenly the value of bitcoin drop. You will lost part of your money.
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zhopas
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November 24, 2017, 02:25:17 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, in business risk is always part of the business. For you to earn a lot you should be think more innovative ideas so it can help you to have more money. Risking is natural in this world so need to take it than have nothing in future and it may cause to your greatest regret. |
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Nips
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November 24, 2017, 02:27:06 PM |
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As of now, I don't think it's risky because bitcoin has a lot of potential to grow. But where you keep it and what you do with it is where the risk comes in. I suggest don't put all your bitcoin in 1 place/ wallet.
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Zemomtum
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CitizenFinance.io
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November 24, 2017, 02:32:40 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!
It's dangerous when you pour all your money. It's hard because you might have been victimized by scammers. It's a mistake to take the chance. You must be professional first, before you try to allocate all your money. It is better to be careful rather than be harmed. Let's get a little bit faster when it comes to allocating our money to bitcoin. |
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Lasvista
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November 24, 2017, 02:41:07 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!
It is not recommended to invest all you have. You can do it if you are a professional business minded person. It's better to make a plans or a summary of your investing computation because you didn't know if you are money is safe. It's better to make a plans before you invest or check the company or investing site if it is trusted or not. Ask some of your friends that know bitcoin than you. |
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rpg
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November 24, 2017, 02:52:51 PM |
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Yes it is too risky to put all your money into bitcoin. It is tempting to do when you see the market go up and up but once it drops, you will start losing your money and all the regrets will begin to come in tied up with panic and fear. I hope you would save yourself from that.
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markint
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November 24, 2017, 10:22:04 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 have made that decision in recent days and I have not regretted it, because the price of bitcoin has continued to grow despite its well-known volatility to which I have become accustomed. In addition, at the moment most of the economic transactions that I carry out every day, I make them through bitcoin, so the fact of adopting bitcoin completely as the basis of my personal economy was only a logical consequence of my commitment with this ecosystem. |
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hiVe
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https://www.soar.earth/
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November 24, 2017, 10:24:38 PM |
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I think that is normal. If I were you, I will turn all my money to Bitcoin and hold it in 1 years. I will get big profit
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g4vinshreds
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Merit: 101
Trader
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November 24, 2017, 10:36:59 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!
What do you think? That's like asking "is it risky to invest all my money?". It's an investment sort of, and while I feel that it's a good one, you have to take a risk to try and get a pretty awesome reward of a lot of cash. I'm going to risk it and hope it hit's 10k op, but you do you! |
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