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Author Topic: is it risky to turn all my money to bitcoins?  (Read 37275 times)
jobsonbitcoins
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December 20, 2017, 04:28:54 AM
 #2441

No i think is reasonable to put your money in bitcoin and wait for 3-6months then you well more profit. Compare to bank
Putting all your money into bitcoin risky mate, what you do if the price come down and you need urgent money.
Mary ann Labor
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December 20, 2017, 04:30:36 AM
 #2442

A lot of people here will tell you to invest in bitcoin because it's a sure thing, but seriously, nothing is a sure thing. Bitcoin is awesome, but I would say it is always risky to invest ALL your money into one thing. So like some others here already mentioned don't invest more than you can afford to lose. Then what if your account will be hacked or you lose your private key or something then all your money will be hacked too?
LegGekkouga
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December 20, 2017, 04:34:53 AM
 #2443

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

Of course its risky, although bitcoin is at the highs right now we can't assure that it will be here forever. Everyday bitcoin price moves it goes up and goes down a lot. Just put it in the bank ang wait for it to gain its interest.

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Tracey130
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December 20, 2017, 04:37:30 AM
 #2444

I would not advice you to do that. Turning all your money into bitcoins is very risky simply because this is something that is still trying to gain acceptance and is highly volatile. Anything can happen and the prices can go down, emergencies come up during that time and you may not have the money to pull yourself out of a situation.
dieselmeister
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December 20, 2017, 05:07:14 AM
 #2445

Bitcoin price has fallen down to under $17.000. So you can put all your money to Bitcoin now. Its price will recover to $20000 in 2018. You can get big profit

Someone used my Account for 3 Month, why would someone do this?
RanieriClaudio168
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December 20, 2017, 05:22:17 AM
 #2446

Yes it is risky to turn all your money to Bitcoins because apart from the growth factor Bitcoin also have several risks in it which is not safe.But if you take risks then you will be something in this world but also be ready for the losses.
fastenprofit
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December 20, 2017, 05:40:33 AM
 #2447

As Bitcoin price is going high day by day so its safe for investor to turn their money into Bitcoin.
puturo
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December 20, 2017, 05:52:44 AM
 #2448

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

Totally it is risky turning all your money to bitcoins. As what they always say here just invest what you can afford to loss. So that no regret in the future just in case worse happens.

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Farvin2
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December 20, 2017, 05:56:21 AM
 #2449

Yes it is. I think all investments have risks but for turn all you money its to greedy and how you can buy something without money.
So better invest only for what you can afford to loose or you will regret, nobody can predict what is going to happen crypto currency.
CryptoKranthi
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December 20, 2017, 06:03:43 AM
 #2450

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

Obviously, Invest what you can, not what all you have.
pingrabazar02
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December 20, 2017, 06:51:35 AM
 #2451

Bitcoin is green site for investing, investors are very happy being a part of it.

humanCNC
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December 20, 2017, 07:04:22 AM
 #2452

oh. I never thought to make all my money into bitcoin because bitcoin is digital money, it has many benefits and also risks. If I turn all my money into bitcoin then I will lose everything if bitcoin is banned.

Rossy Akbar
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December 20, 2017, 07:13:46 AM
 #2453

Yeah, I think so.  Because all the simple things is always risky and had a lot of it. So my opinion is just turn a bit or even half or your money and let see what's the result is.  And if you think is a good, then all back to your perception.
BigTeeths
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December 20, 2017, 07:47:39 AM
 #2454

I think it would be the most worth it risk if any investor will do that. I imagine a lot of poeple saying today to theirselves like " If only I go all in with bitcoin a long time ago".
CoffeeForMe
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December 20, 2017, 07:57:44 AM
 #2455

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.
Yes, it is risky o exchange your money into bitcoin because you don't know if it is a scam or it is true? If you want to gain your money exchange it a small capital of your money to invest it.
maikelujang
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December 20, 2017, 08:03:14 AM
 #2456

Yes, it is very risky to put all your money or turn them into bitcoins because if you will put all your money in bitcoin then you will not have money that is left to be saved or putted into something like for having an emergency fund that will help you to secure yourself and the other places where you can put or diversify your money so i think it is not a good idea to put all your money in bitcoin unless you have a continuous source of passive income already.
marcuslong
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December 20, 2017, 08:06:52 AM
 #2457

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It depends if all your money you save then turn them all into bitcoin and once the bitcoin price decrease then it is really hard to see seeng our money loosing since we can't guaranteed the price if it will increase or not but then if your lucky ass increase the price of bitcoin then you will have high profit for sure anyways this is the way how can i earn bitcoin when decreasing im buying tons of couns and wait for the price to increase alternative is best like bch , eth and other cyrpto coins to have lots of bitcoins once i sell them.
princesspoppy
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December 20, 2017, 08:43:53 AM
Last edit: December 23, 2017, 04:52:48 PM by princesspoppy
 #2458

If your money only sits in banks, it would be better if you invest it in bitcoin. Price of bitcoin keeps increasing and this can benefit you to earn profit 20x more than banks, but turning all your moneys into bitcoins would be too risky, even if it keeps pumping and increasing its price,still we can't assure that it will stay like that.
anavir
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December 20, 2017, 08:54:45 AM
 #2459

not all your money..i consider for 50/50 so when btc goes down you still have 50 to invest and save till btc goes up again

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Md Faysal
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December 20, 2017, 09:03:59 AM
 #2460

Yes,it's risky to turn all your money in bitcoin.for me if I investing in bitcoin I always fell a little worried,because I am afraid to lose my money,let alone bitcoin is digital currency, if I keep it dibank although have a little profit but my money feel safe,because the bank has a high responsibility. So you should never put all the eggs in one basket.
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