|
nellakarisma
|
 |
January 04, 2018, 06:51:27 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
better if I think some of the money spent in bitcoin and partly to keep intact money .. for economic needs every day and keep watch if bitcoin price down so we do not have to sell our coin . |
|
|
|
|
stormivy14
Newbie
 Offline
Activity: 32
Merit: 0
|
|
January 04, 2018, 07:48:54 PM |
|
It is risky to turn all your money to bitcoin! You should never do that, you should save some for your own financial security and back up money. Bitcoin is not stable. It continuously fluctuates.
|
|
|
|
|
|
RomertL
|
|
January 04, 2018, 09:12:10 PM |
|
Yes, I think it is a bit risky. Always need to have a stash with cash. Or money at the bank
|
|
|
|
sean.maley
Member
Offline
Activity: 85
Merit: 10
Machine Learning & AI - Trustless Ledger System
|
|
January 04, 2018, 09:13:18 PM |
|
It is risky to turn all your money to bitcoin! You should never do that, you should save some for your own financial security and back up money. Bitcoin is not stable. It continuously fluctuates.
That is true. It is not advised to put all your investment money into a single financial instrument. |
|
|
|
BlackBeauty
Member
Offline
Activity: 308
Merit: 10
|
|
January 04, 2018, 09:28:18 PM |
|
It is risky to turn all your money to bitcoin! You should never do that, you should save some for your own financial security and back up money. Bitcoin is not stable. It continuously fluctuates.
That is true. It is not advised to put all your investment money into a single financial instrument. No it will not risky if you turn your all money in bitcoin because bitcoin price grow up and you will get best profit, but if bitcoin price going to down so you should never fear because suddenly bitcoin price high and many investors gets their huge profit, so it is also beneficial for you that your money double in bitcoin. |
|
|
|
|
danpaz
Member
Offline
Activity: 70
Merit: 10
|
|
January 04, 2018, 09:28:44 PM |
|
Only invest money you afford to loss, don't take all your money to buy bitcoin or other cryptocurrency, this will protect you from possible loss of all funds in the market
|
|
|
|
|
|
Feuerbach
|
|
January 04, 2018, 09:54:29 PM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
To keep money in one asset is always risky. The part (maybe the big one), stored in bitokoyne, the rest is scattered over other investment assets and savings |
|
|
|
|
|
DMiracle1
|
|
January 04, 2018, 10:04:50 PM |
|
No doubt about it. Investing itself is a risk. What more if you invest in bitcoins. A hundred fold. We all know that bitcoin is very much precarious. It will never become stable even in the years to come. It is it's nature. And for you to turn all your money to bitcoin is a very bad thing to do. If you really want to invest in bitcoin do it intelligently. Invest only that portion of your money that you can willingly afford to lose. In that way when things didn't go too well, you can still held your head high with a smile in your face.
|
|
|
|
|
|
ferdaus
|
|
January 04, 2018, 10:19:51 PM |
|
No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.
|
|
|
|
|
|
tanjiran
|
|
January 04, 2018, 10:34:19 PM |
|
No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.
You are right. If you use everything you have for one asset then the risk will be greater. If something bad happens to the asset, then you will lose a lot of money, so it's better to divide the asset on some items, if in cryptocurrency divide it into several coins. Although dare to take risks, must prepare Plan B for the future. |
|
|
|
|
heninur
|
|
January 05, 2018, 01:56:58 AM |
|
I think it's risky if you invest all the money you have on bitcoin, because bitcoin has an unstable value, sometimes down and up unnoticed, if the price goes up, it could be a boon for you, but if the price goes down you will lose your money....
|
|
|
|
beaver12
Newbie
Offline
Activity: 16
Merit: 0
|
|
January 05, 2018, 03:28:45 AM |
|
Investing always has a risk and investing all your money into something is riskier. Bitcoin really has a big chance of increasing its value but that won't justify for you to invest all your money into it. Better split it into different cryptocurrencies or invest on real-world business.
|
|
|
|
|
CryptoRothschild
Member
Offline
Activity: 101
Merit: 10
|
|
January 05, 2018, 03:36:11 AM |
|
Yes, it is risky. You should do it only if you could afford to lose it if something should go wrong. So you may just turn to Bitcoins the money that you could afford to lose, not more.
|
|
|
|
|
scott btc
|
|
January 05, 2018, 03:47:15 AM |
|
Investing always has a risk and investing all your money into something is riskier. Bitcoin really has a big chance of increasing its value but that won't justify for you to invest all your money into it. Better split it into different cryptocurrencies or invest on real-world business.
Yap, gold is another way to start invest on fiat. but gold have a same problem with bitcoin their price is not always going up and up, but they may going down some times to invest you should can face with loss. |
|
|
|
|
|
Buttercup123
|
|
January 05, 2018, 04:04:12 AM |
|
I think you should only convert your money if you have more to spare in case if your conversion ends up a loss or the bitcoin value suddenly goes down. No knows really when the market would crash or boost up, but one thing for sure, if you are certain you should do it, but on contrary it is better to convert your money into different trusted coins. It can be an Eth, bitcoin, ripple and etc, so that if one goes down, the other would rise up.
|
|
|
|
emondot
Newbie
Offline
Activity: 28
Merit: 0
|
|
January 05, 2018, 04:39:10 AM |
|
Keep in mind actually Bitcoin still has some of the same properties and rules as money in general. For example, there is a risk of losing when you save money. As we know, we must be careful in saving money. Never have money in bed or in any place because it is vulnerable to being stolen.
Also, do not be too easy to entrust your money to unfamiliar strangers, and always look for a credible place to save your money. All this applies also when you save Bitcoin. If you do not enable two-factor authentication and use strong passwords for your Bitcoin wallet account, you will be more vulnerable to moderate hackers.
|
|
|
|
|
marjohn
Jr. Member
Offline
Activity: 50
Merit: 10
|
|
January 05, 2018, 04:57:58 AM |
|
Investing is all about probability, you can win over it or loss over it.
So, as to my opinion sacrificing all your money to bitcoin is not necessary at least have some for your own and family financial focus.
With a lil amount of it or half of your money will do, as long as you're all on you very best to play with it.
|
|
|
|
|
zedrickjuls
Jr. Member
Offline
Activity: 196
Merit: 1
|
|
January 05, 2018, 05:17:34 AM |
|
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
[/quot For me,yes. it is very risky to turn all my money in bitcoin. you should have money in your hands so that in case of emergency there is something left in your pocket to use it anytime. |
V I D D O ♥ ♥ is a new fair revenue
distribution video platform (https://viddo.io/) |
|
|
avi007
Newbie
Offline
Activity: 29
Merit: 0
|
|
January 05, 2018, 05:19:08 AM |
|
Bitcoin is unstable in nature. We don't know that whether we will get huge profit or huge loss. So, we must invest that much amount of money that we can afford if we lose.
|
|
|
|
|
|
Keptone
|
|
January 05, 2018, 05:20:46 AM |
|
No investment is 100% save dude, it is wise to split into 1/4 of your money into any investment, it sucks and disappoint if you put all eggs in a bowl
|
|
|
|
|
|
