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Author Topic: is it risky to turn all my money to bitcoins?  (Read 36661 times)
joetiger
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December 04, 2017, 07:40:56 AM
 #2021

of course it is better risk to convert bitcoin into cash Smiley
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Nowherman
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December 04, 2017, 08:00:35 AM
 #2022

I know several people who have transferred all their savings to bitcons and are now getting a decent profit.
Recently, the information was published on the first bitcoin billionaires brothers Cameron and Tyler Winklevoss.
So it's not too late to get rich on bitcoins. I think.

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December 04, 2017, 08:04:12 AM
 #2023

Seriously why is this thread still alive?   can you newbies stop shit posting? 

1BTC EQUALS 1CAR
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December 04, 2017, 09:00:03 AM
 #2024

That's a high risk but it also offers high profit in return if nothing will go wrong along the way. The question should be is, are you prepared with the risk? Because if you are then you can go do it but if you are smart then better not do it.
Oliver A
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December 04, 2017, 09:04:21 AM
 #2025

Yes, of course, it is risky, if you are really interested to turn all your cash in Bitcoin then turn half of your amount to Bitcoin. So that if some disaster occurs it should not harm your life.
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December 04, 2017, 09:04:35 AM
 #2026

There are many possible ways to make profit with bitcoin, unfortunatelly there are many ways to lose money with it as well.
It does not have to be a decrease of bitcoin price.
The coins can be stolen, you can make a mistake with a transaction or simply forget the data to access your coins.
So bitcoin is and always will be a risky business.
Turning all your money into a risky investment is not a really good idea in my eyes.

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December 04, 2017, 11:19:09 AM
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 #2027

if you are a risk-taker and already an expert in making money in bitcoin, then go for it. After all, all kinds of online investments are risky and bitcoin is no different from it. But if you are newbie to bitcoin investment, it better to study cryptocurrencies first and their volatilities.
No its not riskey at all to transform your money into bitcoins in light of the fact that the costs of bitcoins are going increasingly elevated quickly so its safe to change over all your money into bitcoins and keeping money has alot of hazard so in the event that you don't need any sort of hazard than change over all your money into bitcoins.
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December 04, 2017, 12:15:33 PM
 #2028

Yes, of course, it is risky, if you are really interested to turn all your cash in Bitcoin then turn half of your amount to Bitcoin. So that if some disaster occurs it should not harm your life.
if generalizing then its should not be all in because we can't say what can happen the next day, we can place big part of our investment if we
really do believe that bitcoin will turned big after some years, so if worse things happen we still have some money to use especially in any
emergency cases.

                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                  
                                 
                                  
                                  
                                  
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ravedien
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December 04, 2017, 12:17:30 PM
 #2029

Bitcoin is too volatile, dont put all your money in it. Maybe put a 20% then leave it a year. Treat it that you already lose it
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December 04, 2017, 12:28:52 PM
 #2030

Without any doubt "no half measures" is risky in such a case. It's always better to turn that part of the money to bitcoins which can't damage your budget to a great extent if there is some unpredictable failure. The slight trick which is used by many people is to invest in several cryptocurrencies simultaneously so to make sure that you will gain some profits anyway.
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December 04, 2017, 12:43:28 PM
 #2031

Investment always involves risk. But putting it all in one place is too risky. Bitcoin's value is always changing and we don't know if it will always be pumping. It is better to divide your money to different investments or projects. Don't focus it all in bitcoin because there are also altcoins who has the potential in case something went wrong with bitcoin.

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rgcoin
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December 04, 2017, 12:45:49 PM
 #2032

yes it is always risky to invest all your money in trading or bitcoin ..
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December 04, 2017, 12:49:23 PM
 #2033

I think investing all your money in bitcoin is to risk, bitcoin is to volatile, it might go down as fast as it goes up, I suggest for you to save some as a financial security, so that you can still have something if your investment fails. But it is still up to you if you will proceed or not. If you will take the biggest gamble in bitcoin and trust your future in it.

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December 04, 2017, 12:50:14 PM
 #2034

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
For me it is not. Many people says that do not invest our money to the bitcoin because it is not the right time. They say that we should a wait a moment that the price of bitcoin will go down. I think it is not a good decision because I believe that the price of bitcoin will not go down. I think it is better if we should put now all of our money to the bitcoin.
fishball
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December 04, 2017, 12:50:29 PM
 #2035

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

Banks can only offer minimum interest so there are some peole tried their luck in investment. But it is not all charms and prayers. Investment requires enough background knowledge and courage. You should also analyze the risks and think of the ways you can lessen it. Investing all your money is a bold move but you should also know that life doesn't have undo button.
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December 04, 2017, 12:55:43 PM
 #2036

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
For me it is not. Many people says that do not invest our money to the bitcoin because it is not the right time. They say that we should a wait a moment that the price of bitcoin will go down. I think it is not a good decision because I believe that the price of bitcoin will not go down. I think it is better if we should put now all of our money to the bitcoin.
yeah , im too.
someone tell to me must wait bitcoin price go fall , but i waiting , and never fall but always rising.
everything in this crypto world have a risk , trading , invest , gambling and other activities , but im sure , if u put your money all in to bitcoin , and invest for longtime , i believe.
bitcoin can make your money x2 - x3 who knows ?

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jputra635
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December 04, 2017, 01:01:27 PM
 #2037

It is very risky to use all of your money to invest in bitcoin, we will never know the day bitcoin drop dramaticaly making us lost all the profit, so a better way is to divide them in half and invest them in bitcoin and etherium
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December 04, 2017, 05:12:13 PM
 #2038

Of course, I just like stocks although BTC is steadily increasing in price aside from up and down in the past. But still, do not put all your money in one basket, diversify your investment.  Smiley
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December 04, 2017, 06:36:42 PM
 #2039

It is risky because you are giving your all it is like a do or die scenario even though the odds are in favor of bitcoin I think it would affect your investment if you needed an extra money in case of emergency you might end up cutting your loss instead of earning from your investment if you withdraw it due to unfortunate events.

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December 04, 2017, 06:39:21 PM
 #2040

YESSSSSSSS!!!!
It is very risky! I wouldn't do that! It is better to divide and invest in other good alt coins.

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