kalph22
Member
 Offline
Activity: 121
Merit: 11
|
 |
December 22, 2017, 12:10:53 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think it's better to split your real money than investing it all. You should have real money not all crypto, Because in crypto there were some risk that your wallet may have hack by hackers, and all your invested money will lose that you will never get back. So best split it up, you can split 50/50, 50% in banks and 50% in Bitcoin or any cryptocurrency that you may find a good investment too. |
|
|
|
|
Icey47
Newbie
Offline
Activity: 85
Merit: 0
|
|
December 22, 2017, 12:11:49 PM |
|
At this point, the risk as very very high you might want to think about diversifying your holdings as suggested in the previous post.
|
|
|
|
|
genology
Member
Offline
Activity: 168
Merit: 10
|
|
December 22, 2017, 12:18:27 PM |
|
Yes because it will only depend on BTC whether you'll earn or not. My advice is to diversify. Put your money into different cryptocurrencies and investments for it to be safe. Whenever one investment goes down, you have other investments to back it up.
|
|
|
|
|
Raven91
|
|
December 22, 2017, 12:22:53 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it is not risky to turn all your money to bitcoin.Because in bitcoin your momey is so secure and it is so sure that ypur money will grow bigger and bigger and your investment will not be put in vain. It is nice investing in bitcoin. |
|
|
|
|
sirkings0003
Member
Offline
Activity: 252
Merit: 10
Telegram: https://t.me/ViolaAI
|
|
December 22, 2017, 12:26:45 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
It is really risky dear. Don't misunderstand me, bitcoin investment is a very good investment and it is encouraged that everyone does invest. But is natural that you cannot put all your ends in one basket. You can share your investment out to other cryptocurrencies. |
|
|
|
alphacoco
Member
Offline
Activity: 110
Merit: 10
|
|
December 22, 2017, 12:30:30 PM |
|
It is very risky. Don't under estimate the problems and pressures bitcoin has. The majority of people with money invested are influenced by the media and they will jump when needed.
Another large bunch of people are whales and they can really influence the market.
I'm moving more and more towards diversifying my portfolio with a few alts. Definitely needed to minimise risk.
|
|
|
|
imoet
Member
Offline
Activity: 322
Merit: 10
homt.net
|
|
December 22, 2017, 12:52:22 PM |
|
I think it is risky to turn all money to bitcoin.It will be wise if we use our real money for another kind of business. When we manage our business,we also can join bitcoin at the same time. Bitcoin will not disturb our business. Now, I have business in selling clothes but I also can do bitcoin in my spare time. We can advantages from both of them if we are smart in managing time.
|
|
|
|
akishang
Member
Offline
Activity: 434
Merit: 18
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
|
|
December 22, 2017, 01:04:35 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is risky to turn all your money to bitcoin. The trend is unpredictable and there is no guarantee that bitcoin will raise its value. It depends on your timing as well. If you convert bitcoin at a lower price then its a good investment but when you convert to bitcoin at a higher price it you need to wait for its value to increase again and it might take sometimet. Its value will increase after a few months. Do what you think whats best for you sir. |
﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏ ☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆ ≈ WORLD POWER PRODUCTION ≈ █ █ █ |
|
|
|
jaggijagjit
|
|
December 22, 2017, 01:23:02 PM |
|
Yes it is very risky to turn your hard-core money in bitcoin. Because bitcoin price is voletile and pump or dump any time. You just start with small investment and wait for price dump or you can invest in alt coins rather than bitcoins.
|
|
|
|
zander09
Full Member
Offline
Activity: 546
Merit: 100
CryptoTalk.Org - Get Paid for every Post!
|
|
December 22, 2017, 01:30:07 PM |
|
Yes it is very risky to turn your hard-core money in bitcoin. Because bitcoin price is voletile and pump or dump any time. You just start with small investment and wait for price dump or you can invest in alt coins rather than bitcoins.
Investing money in bitcoin is risky so don't put all your money on it , but if you want to hold your bitcoin in long term its ok because for sure you will get a good profit. |
|
|
|
|
mininglegend1234
Member
Offline
Activity: 154
Merit: 20
|
|
December 22, 2017, 01:34:12 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No it is not risky to turn all your money to bitcoin.Because in bitcoin your momey is so secure and it is so sure that ypur money will grow bigger and bigger and your investment will not be put in vain. It is nice investing in bitcoin. No , i think in the case of just bitcoin i think yes it is very risky but 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. i would like to try my luck in bitcoin cash because i think right now bitcoin cash will boom because of it low transaction fee and high speed. |
|
|
|
|
jkinit2125
Jr. Member
Offline
Activity: 182
Merit: 8
NTOK: Tokenize Your Talents
|
|
December 22, 2017, 01:37:27 PM |
|
Bitcoin is an investment thus ascertaining bitcoin also as risky. Investment has inherent risk. The fact that you will study about bitcoin, research, then result will reduce the risk or may be eliminated.
|
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ NTOK ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
GLOBAL DECENTRALIZED ECOSYSTEM FOR CONTINUING EDUCATION (https://ntok.io) |
|
|
|
liseff3
|
|
December 22, 2017, 02:13:58 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If your money sits in the bank and do nothing for example "trading or investment". It's obviously very risky, but extremely effective if done right. While you don't need a financial planning in order to trading or investing in bitcoin. But this strategy is very effective and productive. |
|
|
|
|
Fantastic33
Member
Offline
Activity: 308
Merit: 12
|
|
December 22, 2017, 02:29:15 PM |
|
Yes definitely risky to turn all your money to bitcoin. You see, bitcoin's price is very unpredictable... Very volatile. Even it reaches the highest price, it can also crash. Think first before you decide. Having a big profit is not instant, you should be wise, strategic and patient.
|
|
|
|
|
|
Allura74
|
|
December 22, 2017, 10:44:31 PM |
|
Yes definitely risky to turn all your money to bitcoin. You see, bitcoin's price is very unpredictable... Very volatile. Even it reaches the highest price, it can also crash. Think first before you decide. Having a big profit is not instant, you should be wise, strategic and patient.
Yes i agree, its good strategy that we should not put all the trust on a thing like bitcoin even if how good its reputation at the present. We should consider any risk assessment if sudden unwanted situation comes and i think to prevent that happen we must not put all our money unto it, try and look other type of investment. |
|
|
|
|
Loopper
|
|
December 22, 2017, 11:02:48 PM |
|
That's right, this risk is very high and can make you become stressed because of it  |
|
|
|
|
CoinboyBebop
Member
Offline
Activity: 238
Merit: 10
|
|
December 22, 2017, 11:08:16 PM |
|
Of course its risky. You see what happen yesterday. So depending on when you buyed your btc you can loose alot of money! Just invest money you can loose.
|
|
|
|
|
|
ArnoldChippy
|
|
December 22, 2017, 11:10:51 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
If your money sits in the bank and do nothing for example "trading or investment". It's obviously very risky, but extremely effective if done right. While you don't need a financial planning in order to trading or investing in bitcoin. But this strategy is very effective and productive. I i do not think that if a person money is in bank it can be risky, because his money is not involve in any kind of investment or trading therefore there is no risk of losing his money, although from trading we can increasing the amount of our money but still chances are always there to lose your invested money, therefore i think every kind of trading or investment can be consider as risky. |
|
|
|
criptoman83
Member
Offline
Activity: 336
Merit: 15
“Revolutionising Marketing and Loyalty”
|
|
December 22, 2017, 11:11:17 PM |
|
it is very very stupid to put all of your money to one investment tool. On your side i would devide your investment bank in several parts. 50% i always keep in BTC (to buy cheap alts during the dumps), 25% in USD (or USDT), to buy BTC , when it goes down and 25% hodl in top altcoins (look at coinmarketcup)
|
|
|
|
|
Wowcoin
|
|
December 22, 2017, 11:19:43 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its risky to to invest all your money on bitcoin we know that bitcoin price is not stable if you want to invest bitcoin not all your money invest what only you can afford. Its okay if you will be invest only in a short term not so long or if you see that you have profit convert it. Then once bitcoin goes down buy again. |
|
|
|
|
|
