Quote from: mornabo on November 24, 2017, 12:23:48 PM

Quote from: lemonscentedbreeze on November 23, 2017, 06:24:17 AM

Quote from: jonathan6655321 on October 05, 2017, 10:15:45 AM

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

I think yes, in every investment I think you should always have a plan B just in case your plan A didn't go well. Investing all your money is risky because you leave yourself and your investment vulnerable to emergency situations that may lead you to selling your bitcoins prematurely which may also result to cutting losses or wasted time.

thats right, back up plan will be much needed let alone bitcoin is a fluctuating investment, using all your money to buy bitcoin in one time is a big risk because it is very possible after you buy bitcoin, the price will decrease then you will direct loss, will be better if you have back up plan or back up funds,,

I agree with you you need a backup plan but i would rather just invest 70-30 in bitcoin and real life because that would be the best thing to do and to make a lot of money out of bitcoins it is possible but i would not prefer it for your self.