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Author Topic: is it risky to turn all my money to bitcoins?  (Read 37270 times)
wew13
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November 27, 2017, 06:26:41 AM
 #1801

Yes, it's risky because we don't know the future of bitcoin.
Tanazir
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November 27, 2017, 06:32:29 AM
 #1802

Perfectly it is a risky thing to close all your money in bitcoin. Bitcoin is unstable and if you know what you are writing you will understand the risk you take. And your money can be just staying at the bank and buying at Dip and risking at bitcoin and waiting for it to grow is earning with a very low interest. Bitakayane gain may increase in less time than you expect. The more risks, the more profit you gain but the only investment you can afford.
berlunberg
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November 27, 2017, 06:39:19 AM
 #1803

too risky. yes its growing now but trends are not constant...
jubayerjb25
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November 27, 2017, 07:05:27 AM
 #1804

Though bitcoin is very volatile and nobody knows how the future of bitcoin is but all of us know that if there is no risk, then there will no gain. Bitcoin has no fixed price and one can invest any amount, and that invest can increase or decrease in value within the matter of days. That's why before investing one should understand on how much money he/she wants to invest and how much he/she will get profit and loss in-case.
imsotiredofmoviereboots
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November 27, 2017, 07:35:23 AM
 #1805

It's an investment so it has a risk. Maybe half of your money or more than that is okay to be alloted on bitcoin but the important thing is you need to have something left in case things are not in your favor or things did not as expected.
Drakula
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November 27, 2017, 07:53:44 AM
 #1806

Yes, there is a chance that your money will be risky if you turn your all money to bitcoin because we can't trust everyone here. We need to be careful when we do that, but it's impossible that a one person will change his all money to bitcoin. Bitcoin has a high value you can invest here.
Indeed, Bitcoin is a good investment but to turn all your money to Bitcoin is too risky. Bitcoin may be popular and its value may be increasing higher than  expected; but your account can be hack. I agree with you about trusting people. trusting people takes time and not all people here are worth the trust. My advise to everyone is to think more than twice in terms of investing all your money.
Kita Kita
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November 27, 2017, 07:57:20 AM
 #1807

I think it was very risky to turn all of our money to bitcoins because eventhough bitcoin is very trusted and very secured we will not be even sure when there are something to happen in bitcoins so how about our money, we will dont have a money if we will invest it all our money in bitcoin, maybe we should invest our 50% of our money and keep the other 50% of our money.

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Xiestar
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November 27, 2017, 07:58:17 AM
 #1808

Yes, there is a chance that your money will be risky if you turn your all money to bitcoin because we can't trust everyone here. We need to be careful when we do that, but it's impossible that a one person will change his all money to bitcoin. Bitcoin has a high value you can invest here.
Indeed, Bitcoin is a good investment but to turn all your money to Bitcoin is too risky. Bitcoin may be popular and its value may be increasing higher than  expected; but your account can be hack. I agree with you about trusting people. trusting people takes time and not all people here are worth the trust. My advise to everyone is to think more than twice in terms of investing all your money.
Risky but worth it, well still not advisable to put all then cash out some later, plan it now, manage the savings and learn what you really can risk, having btc now as a savings is a good investment.
Mobshady24
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November 27, 2017, 08:01:29 AM
 #1809

Of course it is risky! any form of investment has risk, but on these age of cryptocurrency bitcoin is the best investment so far, i would suggest if you really want to turn all your money into bitcoins you should convert some of it into fiat when you get some gain on it in short span of time so you can secure some of the gains Smiley

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KevinHD
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November 27, 2017, 08:34:24 AM
 #1810

It is really risky spending all ur money just to buy bitcoin. u should sometimes have money on your own packet just to make sure that you wouldnt lost anything if ever a huge stumble will come to bitcoin again
Psalms23
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November 27, 2017, 08:50:28 AM
 #1811

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Definitely it is risky. And by now you should be aware that investing in bitcoin is risky and that you should have already accepted that the moment you got involve. Investing in bitcoin and any other cryptocurrency has no real security, so always stick to the saying that you should only invest what you can afford.  But if you can afford to lose all your money that is just sitting in the bank for nothing, you do that.
lestariptr
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November 27, 2017, 08:57:52 AM
 #1812

too risky to put all your money into bitcoin because it has a negative impact on your personal life, you should always look at bitcoin prices. Maybe you'll see meaningless numbers
rpg
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November 27, 2017, 03:19:14 PM
 #1813

Yes it is risky.  Though we know that it is best to invest in bitcoin than to save your funds in your bank. but  better not to all in. Always out in mind only invest what you afford to lose..
Bohxz M4p4gm4h4l25
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November 27, 2017, 03:22:36 PM
 #1814

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes of course if you dont have any assurance that you can own your money again. In investing here you should be guided by someone who is trustworthy for giving your trust to make him as a guide for you to engage in investing , it is not a joke to out your hadworks into bubbles.
sonny123
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November 27, 2017, 03:23:14 PM
 #1815

in my opinion it sure is risky because not all people strongly beleive in bitcoin so we don't know if we can use bitcoin in all our transactions for payments in everyday use, but that is for now, who knows maybe in the future it might not be risky to do so anymore
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November 27, 2017, 03:24:06 PM
 #1816

No its not risky you should do it so you can change your life to better.
darrly
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November 27, 2017, 03:29:09 PM
 #1817

Yes. Risk will always be present with bitcoin. And yes, it is risky to turn all your money to bitcoin. Though for now i think that its obly a small risk. Because we can see that the trend generally goes up even if there are some fluctuations in its values. Its great to invest in bitcoin but still dont go all out for some factors that can affect bitcoin.

lifengpu
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November 27, 2017, 06:18:37 PM
 #1818

Any investment is a risk and bitcoin is no exception. But it would be better if you did not invest all the money in it and would spend a certain amount
golub_io
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November 27, 2017, 06:19:53 PM
 #1819

I am planning to put about 1,500 USD in BTC as soon as possible )
missyqt29
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November 27, 2017, 06:37:12 PM
 #1820

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Bitcoin is not an all-in, cash-out play. It is an investment that requires patience and strategy to lessen the risk of negative profit. Risking all of your money in the current unstable state of bitcoin will only bring tears and regret to you. Play safe and you'll see in the end that planning is really worth it.
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