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Author Topic: is it risky to turn all my money to bitcoins?  (Read 37277 times)
sailordgold
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January 05, 2018, 05:22:22 AM
 #2721

I think it's very risky if you turn all your money into bitcoin, but it all depends on your beliefs and intelligence in seeing opportunities. when your money in the bank in my opinion is not at risk but also does not generate huge profits far different from bitcoin that can give big profits but also have big risks. suggestion suggest change some of your money into bitcoin to start if you want to try but not everything. hope we all succeed with bitcoin.
danggoron
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January 05, 2018, 05:31:28 AM
 #2722

I think it's very risky if you turn all your money into bitcoin, but it all depends on your beliefs and intelligence in seeing opportunities. when your money in the bank in my opinion is not at risk but also does not generate huge profits far different from bitcoin that can give big profits but also have big risks. suggestion suggest change some of your money into bitcoin to start if you want to try but not everything. hope we all succeed with bitcoin.

That's right, high risk, high profit. If unsure and not experienced with bitcoin, do not use all the money you have to buy bitcoin. Always prepare another plan if you lose money while investing with bitcoin. I think this is not only true when investing with bitcoin, but also all things.

sykoshin
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January 05, 2018, 05:43:25 AM
 #2723

Yes honestly for me it would be risky, first you wouldn't have the money on hand what if emergencies happen? Next what if the wallet you are Hiding your btc gets hacked and some establishments and sellers don't accept btc as a payment
Tatzky
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January 05, 2018, 06:16:02 AM
 #2724

Yes,,,, perhaps the 40 percent of your money put in into bitcoin, the 20 percent for saving on the bank, the other are for daily expense and for emergency purposes......
You see I think you can't just withdraw your money on your bitcoin.... When you needed them everything...

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ChrishAi28
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January 05, 2018, 06:43:13 AM
 #2725

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some.

Polipog
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January 05, 2018, 07:01:24 AM
 #2726

It defends on how you wait for a long patience, it is natural movement of bitcoin that sometimes price will fall. Risky words belong to those who invest with high price and after few days the price will fall down , so many investor react because they got lose. But we must wait for this coming days, it is possible that price will be back to higher level.
Golubhargava
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January 05, 2018, 07:02:24 AM
 #2727

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some.
That's right high risk high profit..
ungongbuotan
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January 05, 2018, 07:20:54 AM
 #2728

You do know that only few establishments accept bitcoin right? Bitcoin is still not accepted world wide. If you want to eat at the same restaurant or shop at the same store or go on a vacation on the same place over and over again then go ahead convert all your money to bitcoin. You should think about the emergency situations. I think converting all your money to bitcoin is a dumb move.
Pamela Jobelle
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January 05, 2018, 07:24:16 AM
 #2729

Not all but some. Don't invest all your money in one bank or in any transactions. If you risk your money in and your remaining money is your savings so you have an assurance that your money is safe.
DrCruces
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January 05, 2018, 07:41:09 AM
 #2730

Bitcoin now in trend. Profit 1200% from beginning 2017 year. So it very good investment. In 2018 profit may be not so high, but your do not loss money.
matthewogus01
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January 05, 2018, 07:51:17 AM
 #2731

The wise decision is to leave some as money instead of converting it all to bitcoins. Especially with the price volatility, if ever bitcoin falls, you still have reserves on-hand.
FourByfour
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January 05, 2018, 08:14:49 AM
 #2732

Yes it is VERY RISKY! Invest some but not ALL and if possible a loss that you can take

haster100
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January 05, 2018, 09:23:55 AM
 #2733

It's very risky to turn all your money into bitcoin, because if bitcoin plunges into a plunge, then you lose all your money, so it's more reasonable to invest 30 to 50% in bitcoin, and if you bring profit,
pxo.011
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January 05, 2018, 09:31:32 AM
 #2734

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes and no, it depends on market, if you do not know about trading then you cant understand what i mean
CARrency
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January 05, 2018, 09:34:28 AM
 #2735

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some.
That's right high risk high profit..

Well, bitcoin is so volatile so we do not know how will it go in the near future since a lot may happen into it affecting a lot of users in the globe and also affecting the price. Bitcoin is so volatile, so the risks are really high, I am not telling you to not invest or buy bitcoin but it is also good to invest in other crypto currency because bitcoin is not the only one who has a huge possibility of pumping in the near future.

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kjnfmplm
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January 05, 2018, 10:17:27 AM
 #2736

For me, yes. It is very risky move to turn ALL your money to bitcoins. As we know, Bitcoin is a mysterious thing and may pop at the most unexpected time. You can't risk all your money and regret it later. If I were you, I would turn one-fourth or even one-third of my money in the bank so that if anything unexpected happens, you still have at least, spare money. But of course, the higher the risk, the bigger the reward.
GalahadSeika
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January 05, 2018, 10:52:33 AM
 #2737

Of course it is risky,  in fact it is super risky because if you invested all your money into bitcoin what if bitcoin goes down for a moment of time and you need your money right away you just lost in your own investment and also bitcoin as we all know is volatile and ever changing just by that you'll have a common sense not to invesnt all your money into bitcoin. Also you will never leave the site which your using if you invested  all your money because you need to monitor it to gain.
candra raditya
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January 05, 2018, 11:05:36 AM
 #2738

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 very risky to bring all your wealth into bitcoin. Not necessarily the bitcoin price will rise, it could be the price down. Well thought out before you do it.

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codpku
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January 05, 2018, 11:27:48 AM
 #2739

Very risky you have to separate them 50:50% so if you want need money immedietly you still have to cash it out, we never know what happen tommorow so we must prepare

bitorama
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January 05, 2018, 11:33:39 AM
 #2740

so risky, maybe 25% for bitcoin, 25% for altcoin et 50% for other investiments
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