btc78
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Eloncoin.org - Mars, here we come!
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January 12, 2018, 11:28:48 AM |
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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. as the crypto word for every user means INVEST WHAT YOU CAN AFFORD TO LOSE.investing all your funds in this community is like gambling your life in crypto.we can just put some of our money here and let it grow so if we fails we can recover and make another life after |
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emezh10
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January 12, 2018, 11:43:35 AM |
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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. If you enter any investments or business, risk is always there. What we must do is to minimized those risk factors if can not be eradicated totally. Consider also the amount of money you can afford to lose in case of dips, so that you can still bounce back and start again to recover from loses. Imagine how difficult to start again from scratch. Always think a step a head in doing investments. |
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GloriousDonkey52
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January 12, 2018, 11:46:54 AM |
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Clearly, it is. As other traders say "don't put all your eggs in one basket". Investing in bitcoin is considered as risky, and putting all your money is much riskier. Try to widen your portfolio and spread out your investment.
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Artgame
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January 12, 2018, 11:49:39 AM |
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Of course, it is risky! Cryptocurrency isn`t stable stuff, you can invest some amount of money, and get some profit, or lose some...It`s like a Gambling.
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Bacotan Bae
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January 12, 2018, 11:49:40 AM |
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I think it's risky if we put all the money on one type of investment let alone bitcoin, as we know that bitcoin prices are very volatile and will make it hard to sleep if prices tend to fall.
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Braggar25
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January 12, 2018, 11:51:49 AM |
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I think it's risky if we put all the money on one type of investment let alone bitcoin, as we know that bitcoin prices are very volatile and will make it hard to sleep if prices tend to fall.
Very true and well said.. We should never place everything we have in one investment type. We should diversify our portfolio in order to avoid losing too much should the worst case scenario happen. |
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Radnie
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January 12, 2018, 02:12:21 PM |
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All the investment in the world always having a risk on it, but do not put everything that you have in 1 basket, diversify your investment.
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Serious475
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January 12, 2018, 02:21:48 PM |
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Yes it is very risky to use your money from the bank for Bitcoin. For instance, you already converted your bank money to Bitcoin then an emergency happened, you need to withdraw and the Bitcoin's price dropped? What if hackers hacked your Bitcoins? Even though investing your money in Bitcoin is risky, its rewards are truly worth it.
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Wewe Gombel
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January 12, 2018, 02:25:00 PM |
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I think this is not true, even though there is an official state and it guarantees bitcoin investment but I might not put 100% of the money for bitcoin because of many things that are hard to predict.
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luigidosado
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January 12, 2018, 02:26:44 PM |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Putting eggs in one basket is very risky. Specially when it comes to money, bitcoin has a very volatile value, changing from time to time. We are never sure that its value will be stable or increasing. We never know when we need extra money in case of emergency. Invest only with the amount you can afford to lose. |
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supercanada1
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January 12, 2018, 06:07:30 PM |
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Yes, it's risky, because even the value of bitocoins is very high today. Nevertheless, we did not know if it would continue to bloom in the future, but I think that everything is positive, like everyone else, and continue to support the bitcoins industry.
Yeah it is risky but for me investing all right now is a wise decision. Putting your money in investment will provide you another way to earn money without spending too much effort. People are afraid of it because they are not sure about profit that they will earn or not. Before you get in investment of bitcoin just be sure about your budget and make yourself thoughtful about bitcoin then make an effort. |
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rudox
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January 12, 2018, 06:10:42 PM |
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Yes, I am of the opinion that it is not wise. You do not put all your eggs in one basket. Invest part of your money and keep the other part.
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becks7074
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January 12, 2018, 06:19:59 PM |
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it is better not to buy all your money bitkoins. there is a risk, although not great, but there is.
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Jiryuu
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January 12, 2018, 06:20:47 PM |
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Yes, it very risky because there are no laws that control it so very dangerous
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btcformula
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January 12, 2018, 06:22:01 PM |
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I think it's risky to invest all your saving in bitcoin. May be when you need to spend your money you find lower price than the price you bought with.
I like always to keep cash in safe place for emergencies.
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Feduk
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January 12, 2018, 06:22:16 PM |
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It is not recommended to turn all money into one thing.
Diverce it and invest in alternative cryptocurrencies, maybe not only crypto but somethig esle (business for example)
Only on this forum you can discover a lot of opportunities.
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Jose Rizal
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January 12, 2018, 06:22:46 PM |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Of course cause you didnt know how well rhat you can ever be if you turn all your money in Bitcoon since the it rapidly dump and loss will occur in your side which may be not a good opportunity to take, specially if you are going to need it already, a better way is half it nd then save the other half then the remaininv start up a business. |
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amadocuaresma
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January 12, 2018, 06:29:26 PM |
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Yes I think it so risky to put all your money to bitcoin instead just put the amount of money that you can put in a risky but a wide opportunity..
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codecares
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January 12, 2018, 06:43:27 PM |
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Depends behind reference to your country. If your country confess bitcoin later no risk. If your country don't come happening once the share for bitcoin subsequently it's dangerous. Government can understand an accomplish for maintenance laundering deed. Also they nonattendance to see your earning archives. Also bitcoin price is pumping by holding bitcoin you can make more maintenance.
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